WikiFX Review: Are you still trading at CoinDeskOption?

Today I want to talk to you about CoinDeskOption, a broker who scored low on Wikifx and was warned by Wikifx. Owing to WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers. Therefore, we should be especially wary of offshore regulated brokerages.

First and foremost, let us get to the basic facts. On the screenshot below you may check the Wiki's latest score for CoinDeskOption.

Based on information given on WikiFX(https://www.wikifx.com/en/dealer/3678067688.html), CoinDeskOption currently has no valid regulatory license and the score is rather negative - only 1.35/10! WikiFX will give brokers a composite score in five categories: license index, business index, risk control index, software index and regulatory index. Since CoinDeskOption does not have any supervision and does not obtain a regulatory license, the license index, risk control index and regulatory index all score 0, and the final total score is 1.35 (out of 10).

To get a better idea of CoinDeskOption, WikiFX paid a visit to its official website. However, the outcome was disappointed - the website is not accessible any longer.

Without access to the official website, we cannot know more about its important information, such as software information and transaction conditions, let alone judge whether their regulations meet the standards of the financial industry. In fact, such an invalid website is further evidence that CoinDeskOption is running some sort of scam and was fled with investors money!

It can be seen from the WikiFX that CoinDeskOption is a forex broker is registered in the Seychelles, a country that doesn‘t even have state-controlled financial authority, let alone regulated Forex markets. The Seychelles is an offshore zone, so is practically an CoinDeskOption IBC with undisclosed ownership. Hence, you neither know who operates the business nor where it’s actually located. And the worst of all is that once you deposit with CoinDeskOption, your money will be transferred offshore, where it literally disappears, with no one able to track the funds down. The bottom line is that whenever you open an account with CoinDeskOption and deposit money, you‘ll get scammed, and you’ll have no chance of recovering the losses afterwards!

What's more, CoinDeskOption has also been warned by Spanish regulators before. CNMV warns :CoinDeskOption has been providing financial services and products to customers in Spain without our authorization. This is illegal and you should stay away from such brokers because of the danger they pose to your investments. As Spain's most authoritative financial regulator, the CNMV's warning should be seen as the ultimate proof of fraud. Therefore, we must be more vigilant and stay away from entities blacklisted by authoritative regulators.

From all the above information we can know that trusting a broker like CoinDeskOption is simply not worth it – you will certainly end up robbed. The so-called brokerage is nothing more than an outright scam. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!