Fortune Coin is one of the scam cryptocurrency brokers newly registered in 2023, offering cryptocurrency trading services to investors. Fortune Coin, along with several other brokers like Digital Surge and Tycoon Coins, appeared to use the same website template for their sites, highlighting the importance of investors having a clear understanding of the risks associated with cryptocurrency trading and the need to choose legally compliant trading platforms.
Company Background
Fortune Coin is a digital currency trading platform headquartered in Estonia, with the corporate entity Fortune Coin Limited registered under the number 14556327. Since its establishment, the company has been dedicated to providing digital asset trading services to investors. However, investigations revealed that Fortune Coin shares identical information with other companies like Digital Surge, Tycoon Coins, and CoinsPro, all registered under the same number 14556327, which was cancelled on March 18, 2024. Fortune Coin is suspected of misleading investors with false company information. Moreover, the domain registration date for this brokerage is August 17, 2023, indicating its relatively recent establishment.
Regulatory Situation
Although Fortune Coin provides a platform for digital currency trading services, its regulatory status is insufficient, potentially posing scam risks. In Estonia, the cryptocurrency industry's regulation is still not comprehensive, posing certain risks for platforms like Fortune Coin. The lack of effective regulation means users may face risks of insufficient legal protection while using the platform for cryptocurrency transactions, warranting caution.
Potential Risks
In the absence of effective regulation, Fortune Coin may pose several potential risks, including suspicion of fraud. The regulation of the cryptocurrency industry needs further standardization, and users should remain vigilant and take appropriate risk control measures to protect their interests when engaging with Fortune Coin for transactions.
Trading Products
Fortune Coin offers a variety of digital currency trading pairs, including but not limited to BTC/USDT, ETH/USDT, LTC/USDT, EOS/USDT, BCH/USDT, ETC/USDT, NEO/USDT, XRP/USDT, DOGE/USDT, and TRX/USDT. These trading pairs meet a wide range of digital currency trading needs, providing diverse options for users.
Account Registration and Login
For users looking to start trading digital currencies with Fortune Coin, the platform offers a registration and login process. The detailed steps to register and log in to a Fortune Coin account are as follows:
- Visit the official website: Users go to Fortune Coin's official website.
- Click the register button: On the homepage or login page, users can find and click on the register button to start the registration process.
- Fill in registration information: Users need to fill in relevant information, including country, email address, and set up an account password, etc.
- Submit the registration application: After filling in all necessary information, users click to submit the registration application.
- Log in to the account: After successful registration, users use the newly set username and password to log into the Fortune Coin platform.
- Start trading: Upon successful login, users can begin their digital currency trading activities and enjoy the services provided by Fortune Coin.
Trading Software
Although Fortune Coin offers registration and login methods, its trading software information is not very transparent. The lack of a detailed introduction to the trading software could affect users' trust in the platform, as they might be concerned about the software's security and stability.
Customer Support
Fortune Coin provides only one method of customer support, which is email: support@GDP.com. This limits the ways and efficiency with which users can resolve issues, as they can only contact the customer service department via email, without the possibility of immediate assistance through phone calls or online messaging.
Risk Warning and Disclaimer
Fortune Coin explicitly states on its website the volatility of Bitcoin and digital asset prices, emphasizing that cryptocurrency trading can be considered a high-risk activity. The company emphasizes that users should be clear about the risks and make trading decisions based on their judgment. Moreover, the company also declares that it does not solicit users to invest in digital assets, and trading decisions are entirely the responsibility of the users.
Conclusion
Cryptocurrency broker Fortune Coin is suspected of scamming, with shortcomings such as lack of effective regulation, non-transparency of trading software information, and limited customer support methods. Users should exercise extreme caution when using this platform for digital currency transactions. Fortune Coin, similar to several other cryptocurrency brokers like Digital Surge, is suspected of using the same website template, raising concerns. Investors are advised to steer clear of such dubious platforms to protect their financial assets.
Currently, Fortune Coin is marked as "suspected fraud" on TraderKnows.
