Coyken (coyken.com) has been flagged by ASIC (Australia) for "Unlicensed". 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.coyken.com.
What really bothers me about Coyken (coyken.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Two-factor authentication|Social trading features
Cons: Account statements could be more detailed
I opened an account with Coyken (coyken.com) for a few weeks now ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Easy to use platform|Clear documentation|Intuitive for beginners
Cons: Withdrawal takes 1-2 business days|Desktop app not available on Linux
I have been trying to close my account with Coyken (coyken.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Easy withdrawals|Intuitive for beginners|Responsive team
Cons: Slow to add new assets|Onboarding videos are outdated
Do not believe the bonus offer from Coyken (coyken.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Regular platform improvements|Easy to use platform|Customizable dashboard
Cons: Spreads widen during volatile periods
Coyken (coyken.com) locked my account without warning and demanded documents I had already submitted. for close to eighteen months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Economic calendar|Comprehensive tools|Fast support response
Cons: Account statements could be more detailed