Coinfloorhandel is a platform offering contract for difference (CFD) trading, and its official website indicates support for a variety of trading instruments such as forex, stocks, indices, futures, precious metals, energy, and cryptocurrencies. The platform claims to have been established in 2013 and boasts 23 years of financial trading experience. However, upon closer investigation, these claims are fraught with contradictions, casting significant doubt on the platform's credibility.
Entity Information and Establishment Date
Through a Whois inquiry, it was discovered that Coinfloorhandel's domain was registered on May 25, 2024, which completely contradicts their claim of being established in 2013. Moreover, there is no existence of a real company entity, indicating that the establishment date and company background are likely false statements.
Company Background and Plagiarism
The background information displayed on Coinfloorhandel's website is entirely copied from the website of another well-known broker, TMGM, including key information such as regulatory details and company address. This act of plagiarism reflects a lack of independence and credibility on the platform's part, raising further suspicions about its legitimacy.
Trading Platform and Account Information
Coinfloorhandel does not specify its trading software type; users can only register and trade through its self-developed web-based trading system. Meanwhile, the platform does not disclose basic information such as account types, spreads, leverage, commissions, or minimum deposit amounts. This double opacity makes it difficult for investors to assess trading conditions and may conceal high fees or other unfair terms.
Withdrawal and Deposit Policies
Coinfloorhandel does not disclose any details regarding deposit and withdrawal methods, nor the processing time or whether any fees are involved. This lack of transparency in fund management policies could lead to various risks, such as high fees, fund misuse, or payment delays, directly threatening the safety of investors' funds.
Educational Resources and Agency Policies
The official website offers no trading educational resources or cooperative agency policies. This reveals a significant deficiency in user support and market expansion, further undermining its service capability and credibility.
False Statements About Regulatory Information
The website claims to be regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (FSC), providing ASIC number 436416 and Vanuatu entity Trademax Global Limited. Upon verification, these regulatory numbers and entity information actually belong to another legitimate broker, TMGM.
Regulatory numbers are typically key to confirming a platform’s legitimacy, but the regulatory statements made by Coinfloorhandel are untrue. This misleading conduct exposes investors to greater potential risks.
Company Address and Employee Information
The address shown on Coinfloorhandel's website is 14 Bourke Crescent Broughton Australia. Given that both the regulatory and background information were plagiarized, the authenticity of this address is doubtful. Additionally, there is no available information about any employees associated with the platform online, indicating extremely low transparency.
Website Traffic and Brand Exposure
According to Semrush data, the website of Coinfloorhandel has an average monthly traffic of less than 100 visitors, indicating almost no usage of the platform. Moreover, there are no news articles or user reviews about the platform available on public networks.
Website Template and Scam Patterns
The platform utilizes a website template identical to those of several known scam companies including Fx100 Crypto Options, A1FXBrokres, and Coinstocktrade. Such templates are often used to operate multiple scam platforms simultaneously, further indicating that Coinfloorhandel might belong to this category of high-risk platforms.
Contact Information and Social Media
The platform provides only an email (support@coinfloorhandel) as its sole contact method and has not established channels on major social media platforms like LinkedIn, Facebook, Instagram, Twitter, or YouTube. The singular contact method and absence from social media exacerbates investor distrust towards the platform.
Lack of User Reviews and Employee Information
There are no user reviews for Coinfloorhandel available online, and no publicly accessible information about the company's employees. The absence of user feedback and employee information makes it challenging for investors to assess the platform’s transparency and service level.
Risk Report
Based on the above analysis, Coinfloorhandel presents the following major risks:
- False Establishment Date and Background Plagiarism
Whois inquiry shows the domain was registered in 2024, completely inconsistent with the claimed establishment year of 2013. Its background information plagiarizes TMGM's website, lacking authenticity. - Non-transparent Trading Information
The platform doesn't disclose account types, spreads, leverage, etc., making it impossible for users to assess trading conditions, potentially hiding high fees or other unfair terms. - False Regulatory Claims
The platform claims to be regulated by ASIC and FSC, but the regulatory numbers and entities actually belong to TMGM, posing significant fraud risk. - Lacking Funds Management Policies
The platform does not disclose deposit and withdrawal methods or processing times, which may lead to fund misuse, delayed payments, or high fees. - Lack of User Base and Market Exposure
With an average monthly traffic of less than 100 and no related news or user reviews, the platform has extremely low market recognition. - Association with Scam Patterns
Utilizes the same website template as multiple known scam companies, suggesting it may be part of such a mass-produced scam operation. - Singular Contact Method
Only provides an email as the sole contact method without any social media channels, resulting in low transparency. - Lack of Educational Resources and User Support
Offers no trading educational resources or agency policies, indicating severely inadequate service capabilities.
Conclusion
Coinfloorhandel faces major issues regarding its establishment date, company background, regulatory claims, trading conditions, and user support. Combined with its association with known scam platforms and its poor market performance, the potential risk is extremely high. Investors are advised to exercise extreme caution with this platform to avoid any form of financial loss.
