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Coins 247 Review – A Reliable Crypto Broker?

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.

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Disclosure: We get commissions for purchases made through links in this post.

Coins 247 Review

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

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.

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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

Email – [email protected]

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.

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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.

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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

50% Bonus

Platform walkthrough

Silver

Minimum Deposit – $10,000

1:20 Leverage

Senior Account Manager

75% Bonus

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Technical Education

Gold

Minimum Deposit – $25,000

1:30 Leverage

Executive Account Manager

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

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Registered on – 20/09/2018

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.

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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.

If you have used Coins 247, please share your feedback below.

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14 Comments

  1. Be

    this sounds very like a company called CFreserve… i’m wondering if it is also a scam. sounds very convincing on the phone, but the documents look a little “homey” from my untrained eye. dubious and will try get my $250us deposit back.Would love to hear if others have had any experience. I think they are recruiting money/clients… but I’m new to all this anyway so completely unsure.

  2. J-dawg

    Reggie, did you withdraw your money with ease? I believe a similar company called CFreserve is the same people as they do all of the above also.d I put the deposit of $250US down, now I am certain it’s gone but trying my efforts to get my money returned as they are replying to my emails (unusual if a scam). Is it legit to get it returned or should I just give up and say goodbye to my losses?

  3. Daniel McConlley

    Helpful and polite customer service and all around good and fair trading process. made 49$ on my first investment and will keep my money in balance until i have enough to cash out. Not a scam from what i can tell.

  4. JANE

    I was called within 5 minutes of registering my name and email account. My laptop was blocking their website….alarms bells ringing. I tried to get on several ways but couldnt…..I tried to recall the missed phone number but didnt exist! Then I got another call withing another 5 minutes and he tried to help me with log on, but couldnt get on my laptop. He then asked me if I wanted to join over the phone and deposit my money. I politely declined. I have come to the conclusion that this is a SCAM. Calls from South Africa, but located in Blugaria.

  5. H3l

    I have been requested 250Eur to open an account and I am reaching 500Eur.
    They are asking me now to deposit 1500Eur to enable the AI functionality and allow me to have a 4x session trading university. I am now to understand if i can withdraw money before i do it. Has anyone already managed to verify the account to withdraw money with them?
    Thanks in advance

    • Karl

      I got my money back (500€) but after insisting with them for several days. Had to verify the account with my id, a letter with address and copy from front/back deposit card (I covered the numbers, just left 4 last digits available). They blocked my account, but really I don’t need the services of a company that requires so much hassle to return your money/investment.

    • Nonda

      Did you send Coins247 all necessary documents ? and still no return of funds? i got my money back when i sent them all my docs.

  6. DaxRobot
  7. Andreas Hasenkopf

    As previous comments state, it’s a scam! They even try to get personal data, e.g. like your credit card’s CVV number!

  8. Leonardo

    Stay away from them… they called me 3 times… and after I told that I need more information and I want to verify on internet more safe information before to do a deposit… after all… the call attendant started to speak very fast and said “If after everything I told you… still remain doubts about our trading system, It is why you do not deserve our system… bye!!!

  9. PT

    I have tried to register but didn’t put deposit and then give a try to send an email to customer support. I got bounce back email as below. 100% scam.

    Your message wasn’t delivered to [email protected] because the address couldn’t be found, or is unable to receive mail

  10. bill

    Stay away with Coins247!!!!!! I have signed up with them but not make a deposit yet, they were calling me like 5 times in 2 days asking me if I need help for deposit also keeps on telling me how good is the market right now, at the last call they even swear to me for wasting their time and not making a deposit, this is 100% a scam company.

  11. DaxRobot
  12. Reggie

    I was scammed to get on Coins 247 because of an interest in a new BitCoin currency being released/offered.

    On a plus note, I earned $75 on my first trading day with the help of my advisor. Now, I need to withdraw my money (with no hassle I hope).

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