Coins Tradecap has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm stating they are FCA registered when not - Breach of s24 FSMA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.coinstradecap.com.
I trusted Coins Tradecap with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-device support|Multiple order types|Smooth onboarding
Cons: Website design could be more modern
I found Coins Tradecap after doing extensive research and the initial impression was positive. But for about ten months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Full transparency|Clean UI|Real-time alerts
Cons: Some tools only available on higher tiers
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Coins Tradecap has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
Tried to withdraw my funds from Coins Tradecap and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
The reporting at Coins Tradecap is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Dividend tracking|Risk management tools
Cons: Inactivity fee applies after 12 months
I am in a dispute with Coins Tradecap over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Market news feed|Intuitive for beginners
Cons: Account statements could be more detailed