Is Coinwmarket a fake exchange?

https://www.coinwmarket.com/#

Dear Investor,

We strongly recommend avoiding Coinwmarket to protect your investments, as we believe it to be a potential scam.

Coinwmarket's website is poorly designed and lacks a professional appearance. It merely claims to be an exchange for trading assets, including Forex, without providing any verifiable information about its legal status. We have not found any records indicating that Coinwmarket is regulated by any recognized authority.

Given that Coinwmarket operates without authorization and supervision, it poses substantial risks. To safeguard your investments, we advise steering clear of this platform.