I cannot withdraw from Cryptocoin EX. Is it a scam?

https://cryptocoineex.co.za/

Regrettably, Cryptocoin EX appears to be a scam. Your difficulty with withdrawals may stem from its fraudulent nature.

Our investigation suggests that Cryptocoin EX is fraudulent, as its claims of being regulated by the Financial Conduct Authority (FCA) have been refuted by the FCA itself. In a warning against Cryptocoin EX, the FCA explicitly states that Cryptocoin EX is not authorized by them. This fact is a significant indicator of a scam.

We urge you to discontinue any engagement with Cryptocoin EX to prevent further potential losses and report it to your local authorities. To reduce the risk of being defrauded, we recommend choosing fully regulated brokers.