Fucoins Review – Anonymous Platform Stealing Funds

Before we start this Fucoins review in detail, let us remind you that crypto exchanges need a license. Regardless of what company employees might tell you, they need to be authorized to hold your funds.

Now that we’ve established the facts let’s move on. Let’s see is Fucoins exchange safe and how to get your money back in an adverse outcome.

 

Broker status:	Unregulated Exchange
Regulated by:	No regulations
Operating Status:	Active crypto scam
Known Websites:	fucoins.com
Blacklisted as a Scam by:	N/A
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2024
Online Trading Platforms:	WebTrader
Mobile Trading:	No
Minimum Deposit:	N/A
Deposit Bonus:	No
CFD Trading Option:	No
Crypto Asset Trading:	Yes
Available Trading Instruments:	Cryptocurrencies
Maximum Leverage:	No leverage
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Stay away from this crypto scam.

Is Fucoins Scam or a Legal Crypto Exchange?

Based on the table above, we believe you can already draw your conclusions. Fucoins exchange is anonymous, unregulated, and, above all, fraudulent.

The website of Fucoins, or Fucoins Global, as it calls itself, is rather useless. Unless you sign up with the firm, you cannot review any information. However, providing your details to an anonymous fraud is quite risky. That’s why we did it for you.

Once we obtained Fucoins login credentials, we managed to browse through the side.Due to the lack of legal documents, we found nothing to indicate who owns this firm or where it might be located. The website server is registered through an agent in the UK, but, of course, the company has no FCA license. In fact, they have no regulations at all.

Fucoins Reviews – What Investors Have to Say?

At present, there are no Fucoins reviews available online. This tells us that the project is rather irrelevant for users. However, we used our website analytics tools to determine where this firm mainly operates. Those are:

• United States,
• Bolivia.

Whether you reside in any of these or not, if you have any experience with the said exchange, don’t hesitate to share it. The more we know, the better we can help you and other victims of this fraud.

How Does Fucoins Scheme Work?

Just like any other crypto scheme, Fucoins runs ads on social media. Once it attracts users to sign up, it starts promoting spot trading. However, if you want to trade, you need to invest. And this is where the story begins.

Once you create a Fucoins account and fund it, the company can manipulate your funds, even outright steal them. There’s no regulatory body controlling this exchange’s activities. In fact, we expect them to vanish soon.

What Platforms Are Available?

The only platform you can access upon registering an account is WebTrader. It’s a dashboard with an overview of your crypto coins, trades, and a TradingView chart imported to create an illusion of investing.

However, you cannot perform any advanced analysis on this platform. What’s worse, employees of this bogus firm can steal your coins or modify your gains and losses.

Is Mobile App Available?

We searched through the AppStore and PlayStore, looking for the Fucoins app. However, we found nothing. Therefore, we have a reason to assume that this firm has no mobile version of the software and that the trading is done via browser.

What Can I Trade?

Since Fucoins is a crypto exchange, the only available asset is cryptocurrencies. According to the website, only spot trading is available.

However, the company has a derivatives contracts section that we couldn’t access at the time of writing. This might indicate that some other assets or forms of trading are on offer. Regardless, we advise you to look for a regulated exchange to avoid the Fucoins scam.

Is Withdrawal Possible?

Considering the lack of a Fucoins withdrawal policy or other legal documents, we’d say no. The firm doesn’t look willing to release any of the clients’ funds, at least not without some sort of prepayment.

It’s not uncommon for scammers to request you to pay upfront fees or taxes before they allow you a payout. Don’t fall for this trick. All the deductions are to be made from the profits while you’re paying taxes to your government, not the exchange itself.

What Should I Do If I Was Scammed By Fucoins?

If you were scammed by Fucoins, Narkasa, or any similar unregulated crypto operator, you should first report it to your local authorities. However, crypto transactions are complex and require a lot of cyber research.

For this matter, our experts are employing CipherTrace, a Mastercard-owned tool for tracing and tracking crypto transactions. If you need any assistance with your digital coins, don’t hesitate to reach out. The first consultation is free and non-obligatory.