Coins 247 is a new cryptocurrency broker who claims to offer one of the most sophisticated trading platform. Their interface is user-friendly and can be accessed through any device which has an active internet connection. The maximum leverage offered by them is 1:40, but that is normal if you compare it to the other alternatives.
Their client base is growing gradually and looking at their marketing efforts, it might have caught your attention too. Go through our review to find out all the facts about this broker and decide for yourself whether they suit you or not.
Disclosure: We get commissions for purchases made through links in this post.
Ownership and Customer Care
Transparency and the legality are the two things every legit broker upholds. Coins 247 is owned by ™ Capital LTD, this firm is incorporated under the law of Bulgaria.
Registration Number – 205296441
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 | Crypto Betting Platform (CFDs) |
 | Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
Registered Office – 1505 Sofia city, Sofia District, Metropolitan Municipality, Slatina Region, 21 Brichitor Street, app 4, Bulgaria.
If you need any help on their platform, then you will be happy to know that they offer 24/7 customer support. Clients can reach them through many methods which is listed below.
However, note that they also have telegram channel. It is good to know that they are taking every step to interact with the customers directly.
Phone – +3728801448
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| Crypto Betting Platform (CFDs) |
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Email – support@coins247.io
Charting Platform and Interface
This topic is a subjective one, but there are a few things you should be aware of Coins 247 does not offer MT4 platform. So, all the automated trading Expert Advisors cannot be run with this broker.
Moreover, the lack of MT4 integration means that you cannot import most of the custom indicators. On the bright side, TradingView also has a number of unique feature. Since the whole platform is web based, the experience of using iw will be seamless across all your devices.
The number of indicator available by default will be enough for most traders. However, the users might have to pay to unlock all the features.
We do not know whether this broker offer account management services, but even if they do keep an eye on the fees. As far as asset management is considered, always make sure that you check the entire trading records of the person whom you would like to copy the trades from.
Account Types and Leverage
Leverage on this broker depends on the account type you choose. There are a few distinctive advantages for choosing the more premium versions, but it depends on your approach to the market.
Here are the list of factors you get with the specific types of accounts.
Basic
Minimum Deposit – $250
1:10 Leverage
Account Manager
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50% Bonus
Platform walkthrough
Silver
Minimum Deposit – $10,000
1:20 Leverage
Senior Account Manager
75% Bonus
Technical Education
Gold
Minimum Deposit – $25,000
1:30 Leverage
Executive Account Manager
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100% Bonus
Technical and Fundamental Education
VIP
Minimum Deposit – $50,000
1:40 Leverage
VIP Account Manager
150% Bonus
Technical and Fundamental Education
Domain Insight
This domain was registered privately. So, we could not trace the identity of the owners. However, here are the main details of this website.
Domain – Coins247.io
Registered on – 20/09/2018
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| Crypto Betting Platform (CFDs) |
| Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies |
Expires on – 20/09/2019
Alexa Global Rank – 3,409,154
Due to lack of data, we do not know the traffic source of this site.
Bonus
Depending on the amount of your starting capital this broker provides you a matching bonus. However, before you accept them, read all the terms and conditions.
Most of the time traders are required to generate 10 times to 25 times the bonus amount. So, if you do not have a clear idea about what you are doing, then definitely avoid that. On the other hand, if you are starting with low initial deposit amount, then taking bonus will give you more money to play around with.
Deposit and Withdrawals
Coins 247 accepts major credit and debit cards along with wire transfer. The fees associated with the deposit and withdrawals are unknown. Minimum deposit is $250, but there is no information of the minimum payout or about the time they take to process them.
Before dealing with them, get in touch with their support team and gather the details once. Although, lack of e-wallets might be a deal breaker for some, majority of the people might be comfortable with the current options.
Coins 247 Review Conclusion
Coins 247 lacks credibility. Since they are new, there aren’t any feedback from the clients about their service. We are not saying that it might be harmful, but it’s always better to stick with FCA regulated brokers. Given the amount of choices available, right now it is not all that safe to indulge with them.
Hi Anna, your so right they need to be brought to justice i would advise you drop Dereck Stokes an email or give him a call, he is genuine.
His details are available in his review on this site, see also my review (Sammy)
For all those who are resident in the UK, you can report Coins247 to:
actionfraud.police.uk/
and the Financial Conduct Authority
fca.org.uk/
Initiated by me, they are currently investigating Coins247 both local and oversea’s, via banks, company registrations, e-mail and phone numbers. You can support this great cause to bring this filthy organisation down and its employees prosecuted for fraud, in order to prevent others falling victim to this scam. Even if you do not get your money back. The more people that report this, will give them more information to work with. My e-mail is deryckstokes@live.com 00447838929275. Feel free to discuss your case with me. I might be able to help you recover your money. My assistance is voluntary and free of charge. I have a cunning plan that you might want to help with.
can we get in touch
hallo
please mail me so we can talk
I have same bad experince, but have still and op account, they wan’t to close, since i did not make enough turnover .. Please contact me
Coins247 (Coins247.io) is a vile and hideous scam -The Facts.
I am 70 years old and retired. I built up a little nest egg, just in case my pension and benefits needed a boost to cover some unforeseen expense. I had crypto currencies as well as a credit card. These amounted to a total of =/- £22,000.00 GBP.
As the banks do not offer any real interest % for savings, I started researching various ways to make my little nest egg work for me. Coins247 appeared to offer exactly what I was looking for viz. trading in crypto currencies.
I deposited £250.00 into Coins247i.o accounts that triggered a phone call from Keagan Stockwood (Senior Analyst) who gave me the sales pitch. He convinced me that all was above board and under guidance with his hand withdrew £2500 cash from my crypto currency savings, £ 1750 from my credit card and +/- £18,000 by wire transfer all deposited into the account opened with Coins 247.
In return for this I was given a £22,000 Coins247 bonus, a VIP account with 1:4 leverage.
A copy of my deposits is available if you wish to validate these facts.
Within days of my deposit and bonus receipt, I was phoned by Emmanuel Logan who conned me into 3 hot trades £8.000 each. Within minutes I suffered a £24,000 loss. It was deemed my fault as I pressed the buttons on the keyboard. I suffer ed loses on my account from all trades that were advised by Coins247. The trades I made myself prevented me from absolute wipe out for months, because I eventually prevented Coins 247 analysts from trading on my Account
During this period various persons, including, Keegan Stockwood Ahmed Walled, Stuart Cooper, Lev Rosenberg and a few others tried their best to get me to deposit a further £5.000
‘to recover my losses and make heaps of money. I had by this time wised up a bit from my earlier stupidity, that I am ashamed of, and told them that I would recover my account by myself. Their advice turned out to be a deliberate strategy to steal money in your account and break you, to extort more money. In the meantime, they dropped my leverage from 1.4 to 1:2 and widen the spread, between the buying and selling price, on the Crypto’s I was trading, which increased the investment risk and making it difficult to make any profit
I subsequently found out that Coins 247 designed the trading platform and changed the algorithms regularly to suit themselves. In this regard the amount reflected in your account plus their bonus was fictitious money as they had already spent your deposit before you started trading This was revealed every time, I tried to make a withdrawal.
I found out that the bonus given, that I did not ask for had strings attached. That was that I had to trade up to £60million equity before I could withdraw any profits. I was only £18m currently. I still do not know how this works, so I could never have agreed to this, unless it was in the ‘fine print’.
All Coins247 communications means, registration authorities, banks e-mails and telephone numbers cannot be traced back to source unless you have specialised police equipment and means. I am not only doing it for myself but hope that exposing these scams will save a lot of people from the trauma that these scams create.
At the risk of prosecution to myself, I will expose this evil entity using all and any means at my disposal, including police, banks, regulatory and registration offices, other aggrieved parties and computer hackers. Anybody who refuses to help me will become a victim of my investigations as well.
I have obviously shaken their tree, thus far, as they tried to buy me off by offering a measly 10% of my deposit as a ‘full and final settlement’ if I agreed to be gagged. I have that letter as factual proof. I signed the letter and took the money, and subsequently told them that I have no intention of adhering to the ‘agreement’ and that they can go ahead and prosecute me. I know perfectly well that they will not do this as it will draw them out into the open, through attendance at their own courts action where the police will be waiting to arrest them. I have given them a counteroffer for all my deposits returned plus the balance of my trading account. Like I trusted them, they will just have to trust me in not pursuing them.
Watch out for rhese names. The biggest
extortionists at Coins247
Lev Rosenberg
Keegan Stockwood
Stuart Cooper
Ahmed Waleed
Emmanuel Logan
Sune Cyrus
All con artists.
Please let us know if you need a lawyer to help you get your money back. Our email is scamfinance@gmail.com.
Hallo
in have the same negative experience with coins247….
I need urgent to get in contact with people who did trade with them and lost all there money
I need advice.. Please mail me at laurent@luxpen.be , and mail me you Skype name so we can talk, or phone.i have still 14.000 on the account, but they again ask me to investigate, since the bonus is gone , I I did not make the turnover etc etc. Would like to know if people have same stories
mail me so we can talk and I can convince myself , not to invest anymore
hope to hear many reactions
Laurent
Any people thinking of investing here THINK AGAIN !!!
This crowd are not just scammers they are SCUMMERS and are Thieves & Fraudsters.
I initially like most people wanted initially to test the water & invest £250 however after speaking to the head thief Lev Rosenburg i find he has taken a further £2,000 from my account against my wishes.
I tried to withdraw this £2,000 but was told by an Emmanuel Logan we had to do one last trade and like so many other people i saw my money disappear.
They apologise proffously saying invest more to trade out of this & rest assured they repeat their scam leaving you with nothing but phone calls demanding more of your money.
This crowd are total low life’s, who else would rob a pensioner of his savings as this lot have done to one man.
Rest assured Mr Rosenburg you only need one of your cronies to become disillousioned or say the wrong thing !!!
STAY WELL AWAY FROM THESE THIEVES WITH THEIR PROMISES & BIG TALK !!! Beware of the following names.
LEV ROSENBURG, EMMANUEL LOGAN, WAHEED RICHLER, SHAUN MORGAN, EMMA COLEMAN, KEEGAN STOCKWELL.
You can reach it at coins247.net, if you want it?
I wrote this text using Google Translate.
Coins247, I find it an outrageous way to deal with customers and customer accounts. Your behavior is fraudulent, criminal and you should see them. They put the money of the people and the profits in the bag and do not be afraid to lie to the customers. Incredible.
Stay away from Coins247 and alleged help from this page.
Everything just cheaters.
Beware, Larent and a few others are employed by Coins 247.
hallo
i am laurent, and do not work for coins247, but are there victim !! see may post
hallo Derek
i am victim , we talk soon
If they don’t return the money they most certainly will be! They took from me 8 BTC owing me at least 10 BTC that I should get back after the turnover which did not happen, only more was taken in seconds!!! They are network of lying scammers ! Some guys lost even more! Their workers are well organized and the money disappears in seconds. Than they are telling you can get back only thru insurance and thru putting one more time as much inside!!! They will connect you to Lev Rosenberg, one of the founders and CIO’s and to the financial department, to experts for turn over, and many other departments all very skilled in deceiving people… STAY AWAY FROM COINS247 IF YOU WANT TO KEEP YOUR MONEY!
Is the site down ?
yes site is down whole day… there support is still working, there is a problem that they are trying to fix…I have a webcompany and this can happen max 72 h / year
hallo site still down, has somebody the nr of there support
It looks they are thieves, site is down for more than 2 weeks. I want to get 250 euros back but cannot contact anybody there.
I had e good contact with hem now and did got already some withdrawls, and good tradings… They are on the right track now..
Laurent
Do not trust any positive comments on this website. They are fake as well. Coins247 constructs them to deceive you. The Coins247 Trading platform is owned, operated, changed by Coins 247 using their own algorithm. They have just widened the spread by changing the algorithem. I quote ‘to make money’. When you place a trade with this spread USDT/BT $121 you automically start with a very high NEGATIVE take profit. I always wondered how they managed to adjust the algorithm to negate my investment strategy. I may be contacted by e-mail deryckstokes@live.com for anyone who is contemplating or is using Coins247.io Trading platform.
Hi Derek
I actually wrote coins247 an email explaining the reviews written were genuinely bad and It would be good for them to redeem themeslves and pay back my £275.00 which they did yesterday!. This was after my request for my refund 3 weeks ago.
I still wouldn’t recommend using them as dealing with them has been a dogey experience.
Yes its a smaller amount to give back than some of the people who lost money, but I will NOT be using them again.
Just so you know I’m genuine, I’m Diane from London 07979201502
hallo
you can mail me on laurent.genieten@gmail.com
How much withdrawal did you obtain and how much turnover needed to achieve that ,if you can share ? Approximate figures good enough .Thanks.