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CoinHubFx (coinhubfx.online) is already on the crosshairs of Europe’s top regulators. In addition, clients have been complaining about the platform’s inability to release funds. This, too, could be you if you engage with the platform. After Steve sent us an email asking us to investigate, we did our best. Unfortunately, the results will shock you as the platform is already seen as an exit scam. Please find out more in our conclusive COINHUBFX REVIEW.
About CoinHubFx
On the company page, the platform fails to inform users of the company’s plan for the future. It’s a tell-sign CoinHubFx is not planning to stick for long. You have to check out the goals of a platform before making a total commitment.
Although the platform claims to provide secure crypto investment services, we doubt it. Based on the complaints, it seems the platform takes investors for a ride. Although, sure, you do get to trade, withdrawing your fruits is next to impossible.
And this is the reason why we have to expose the platform. We must ensure that users don’t fall for the platform’s antics. These include posting fake alerts of people in different regions winning. In fact, instead of naming the person, the platform uses the term ‘someone from.’
It is distasteful to see that there are platforms that swindle investors. However, with Crypto being a highly sort-after market, such platforms must be exposed. And this will create a more conducive and enabling crypto investment environment.
You should avoid this and any other platform that shares the same features. Such platforms ought to be exposed by every concerned party. We have to start with the platform’s false information regarding winnings.
No one has come out with proof of withdrawing funds with Coin Hub FX. And this means no one will ever come close to withdrawing funds with the platform. And this is the reason why we must expose the platform.
Accounts CoinHubFx
CoinHubFx offers investors three plans to choose from. These three plans come with distinctive features. For example, all of them come with weekly payout claims which are unfounded. The three accounts include Basic, Premium, and Executive.
Here’s a closer look at the three accounts;
Basic
For the basic account holder, the member must deposit $250. At least the platform adheres to the minimum deposit requirement. The account comes with a promise of an X2 Bitcoin increase on its platform.
Premium
With the premium account, members must deposit $10,000 to start using it. The account comes with a guaranteed promise of making five times the bitcoin deposit. You also get 8 percent automated weekly payouts.
Executive
There’s a minimum deposit of $50,000 with the executive account. However, the account comes with a promise of making ten times the deposit. There’s also a high trade frequency feature with a 10 percent automated weekly payout.
Here’s what’s wrong with these plans; a guarantee of making a profit. No expert or robot can make such statements, especially with the crypto market. The crypto market is volatile, and prices change without warning.
We also have an issue with the promise of weekly payouts. It means you can’t wholly withdraw your funds. In addition, the platform fails to quote the vesting period for each of the accounts. And this is a misleading feature on the platform’s part.
Assets and Crypto Trading services
When it comes to cryptocurrency, there are several services under this niche. For example, CoinHubFx claims to offer bitcoin mining, cryptocurrency coin offerings and investing. Other notable services include commodities, forex trading, and indices.
With Bitcoin mining, the platform fails to inform users of their mining location. You should be able to confirm the location of their mining hardware. It helps to verify that the platform does mine bitcoin.
There’s also the coin offering service available on the platform. There’s a leverage of 1:100 for crypto trading, with tokens also available for trading. Unfortunately, we don’t get any information as to how the platform invests in Bitcoin.
Business owner
According to the disclaimer at the footer of the homepage, the platform resides in the USA. These are false statements as there’s no such platform registered in the States. We did confirm this with several institutions.
Another red flag with the platform is the failure to name the actual owners of the platform. Transparency is not at the core of their business. You should be aware of the person holding funds or responsible for them.
And this makes CoinHubFx an anonymous investment platform. There’s no telling what the platform will do or say with your funds. So avoid any online crypto investment platform as it’s likely an exit scam.
Client Testimony
To try and make the platform appear legit, the platform posts false client testimonies. These are stock images that one can download from the web. Unfortunately, there’s no positive review of the platform on any independent website.
It goes to show the extent the platform will go to fool investors. You won’t even get to see the profiles of these clients on social medial platforms. What we have is a platform that doesn’t want anyone exposing their callous investment platform.
CoinHubFx License and Regulation
CoinHubFx is not a licensed or regulated platform. Despite claiming to reside in the States, there’s no regulator with the platform’s credentials. We did a thorough check with CFTC, NFA, and the SEC.
None of these official governing bodies has ever heard of coinhubfx.online. And this makes it unregulated. Without compliance, the platform is free to operate as they wish. So we have to stop such platforms as they take advantage of naïve crypto investors.
Contact and customer support
There’s a WhatsApp group available for communication. You can be kicked out of the group when you start asking about withdrawals. The platform does not engage withdrawals on the messenger platform.
You should test how fast a platform responds to emails before engaging with them. For example, coin Hub FX might take days to respond to a simple inquiry. And this leads us to believe the platform wants to control how you communicate with it.
Demo Accounts
To find out whether the platform’s bot is accurate, it’s best to use a demo account. And there’s a reason why the platform fails to offer users a demo account. As a result, no one gets to test the platform’s capabilities.
Investors sign up blindly, not knowing whether the bots for crypto trading are accurate. It means you will find errors while using a live account. These are some of the features to look for in a viable crypto investment platform.
Funding Methods
The platform accepts bank, bitcoin, and wire transfers. Some of the mentioned depository channels include Bitcoin Cash, MasterCard, Neteller, Skrill, and more. We don’t recommend you deposit funds for obvious reasons.
When you deposit funds, the balance will appear in your crypto account within 24 hours. But, unfortunately, after that, you won’t get to withdraw the funds. And this is the problem Steve and other investors are facing on the platform.
Fund Safety CoinHubFx
Your funds are far from safe with a platform that fails to offer insurance cover. The platform does not deposit the required amount with regulators to start an investment firm. Instead, these funds are used as a security cover for deposits made by the public.
Our Verdict
It would be best if you stayed away from the platform or risk losing your funds. But, unfortunately, the platform is in no shape to let anyone withdraw funds.
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