Koincycle has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I invested $3,500 with Koincycle after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to British Columbia Securities Commission.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
My card was charged twice by Koincycle on the same day. I had to dispute it with my bank. Koincycle then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Clean UI|Fast support response|Copy trading available|Instant funding
Cons: No phone support on weekends|Wait times can be long during peak hours
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I am in a dispute with Koincycle 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: Portfolio tracking tools|Regular platform improvements|Easy withdrawals
Cons: Minor UI glitches occasionally|No dark mode on mobile
The hidden fees at Koincycle are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Quick verification|Portfolio tracking tools|Educational resources|Intuitive for beginners
Cons: Limited ETF selection|No phone support on weekends
I want to warn everyone about Koincycle. They have been flagged by British Columbia Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
After seeing ads for Koincycle online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by British Columbia Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database