Unregulated CoinEase Limited Misappropriates Coinbase's FCA Number, Falsely Claims NZ Registration

CoinEase Limited, the unregulated entity behind the website coineasefx.com, has been confirmed as a scam.

Fake FCA Certificate Misusing Coinbase Institutional’s License Number

CoinEase Limited has been caught presenting a fraudulent FCA certificate that falsely claims regulatory approval. The license number 1003842 displayed on this fake document actually belongs to Coinbase Institutional (UK) Limited, the arm of the well-known exchange Coinbase.

Coinbase Institutional is legitimately listed on the UK Financial Conduct Authority (FCA) Register as an Appointed Representative (AR). CoinEase Limited, however, has no connection to Coinbase and is not authorised by the FCA in any capacity. 

By misappropriating Coinbase’s license number, CoinEase attempts to trick investors into believing it is a regulated broker. The misuse is a common tactic among fraudulent platforms. Investors should treat CoinEase’s claims of FCA regulation as completely false.

False Claim of New Zealand Registration

New Zealand’s Financial Markets Authority (FMA) has officially flagged CoinEase Limited as a fake investment platform. The regulator confirmed that CoinEase Limited is not registered in New Zealand and has no authorization to provide financial services, despite presenting itself as a legitimate broker.

The FMA also warned that CoinEase Limited and other platforms on its alert list may display fake New Zealand incorporation certificates, misuse details from legitimate companies, and falsely present them as their own. They may approach investors through social media or messaging apps, contact them using overseas phone numbers or suspicious email addresses, and often rely on Gmail, Hotmail, or domains designed to mimic those of genuine entities.

The FMA’s warning is a clear red flag: CoinEase Limited operates fraudulently in New Zealand.

No Regulation, No Protection

CoinEase Limited claims to offer “secure” and “excellent” trading services in forex, metals, and stock indexes. But the reality is stark: CoinEase Limited is not regulated by any financial authority. Not the FCA, not the FMA, and not any regulator. Therefore, it is not “trusted” as it claims.

This means investors have no recourse if something goes wrong, no compensation scheme, and no way to recover their funds.

How to Avoid Scam Brokers Like CoinEase Limited

Always verify a broker’s license directly through official regulatory websites rather than relying on the broker’s own claims. 

Some fraudulent platforms use cloned authorization documents or impersonate licensed firms, making thorough due diligence essential. 

For guidance on critical steps or assistance in verifying a broker's credentials, you can Ask a Question to BrokersView. Alternatively, you can conduct your own verification using regulatory authority guides.

Bottomline

CoinEase Limited is not a licensed broker. It is a scam built on deception and remains active today. The broker may target unsuspecting investors worldwide. Do not fall victim to its tactics. 

If you have been approached by CoinEase Limited, report it immediately to your local financial regulator. If you have already deposited funds, contact your bank or payment provider without delay—you may still have time to protect your money.

BrokersView can also assist you—submit a complaint.