ANSWER CoinsBank is not a legit broker and should be avoided at all events. CoinsBank claims to be a product of Coins Limited, a company registered in the UK. This broker also states its authorization and supervision by the UK Financial Conduct Authority (FCA) under license number 182110. However, we didn’t find a matching result when checking in FCA's registries with the company name - Coins Limited. Moreover, the given number 182110 belongs to another company called London Capital Group Limited (LCG) which is not affiliated in any way with CoinsBank or Coins Limited. Therefore, CoinsBank is a clone firm of the licensed entity LCG.Our verdict is that CoinsBank is not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like CoinsBank and trade with licensed brokers.
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