We’re writing this Global Coin Review because on November 4, 2022 the following complaint was posted on the Better Business Bureau by a person who reports losing $13,000:
All sounded good, odd AML fees that I paid. Then another person called. Moved some cash back but the money was frozen, 1000€ and a loan was taken (my 3rd) 4500€… all gone in 10min… They use AnyDesk.. I got plenty of mails…
According to the report, the scammer used the following email address: ian.steele@global-coin.co.
So can you trust Global Coin or is global-coin.co a SCAM?
What is Global Coin?
Global-coin.co is a website that offers online CFDs trading via a webtrader platform.
To use this platform, you need to open an account. Minimum deposit is €250… and you can start trading.
You can then bet on certain forex pairs, commodities, stocks, indices, and digital currencies.
Get in touch with our affiliated Bitcoin Forensic Investigators at CNC Intelligence for free by filling out the form below.
Minimum trade amount is €20-25 so for the minimum initial deposit, you will be able to make about 10 trades.
The way CFD scams usually work is that in the beginning, you will be winning the bets and see your funds increase. However, then they will try convince you to put it more money so that you can win much higher amounts.
Withdrawals of funds will obviously not be granted.
Keep in mind, that even legitimate CFDs platforms are a bit of a scam, or rather a financial casino. You’re not actually betting against other traders, but against the house.
So if you win, the company has to pay you. Obviously they cannot afford to pay more than their clients paid them so once a trader starts earning a lot of money, even legitimate CFDs sites might block certain users’ accounts, even if they authorize a withdrawal.
Who is behind Global Coin?
Global Coin has an About us page, however no helpful information can be found there, such as company name, registered address, names of people behind the website, or LinkedIn profiles.
The social media icons at the bottom of the website are dysfunctional.
No information is found even in the Global Coin legal documents which are strangely provided as PDF files.
Global Coin Contact Information
In the Contact page we find the following email address for technical support, compliance, and other “departments:” support@global-coin.co.
No telephone numbers or any other contact information is provided.
In the KYC document, we find the following line: “If you have any questions, please don’t hesitate to contact our customer support: compliance@ Global Coin” [sic].
Is Global Coin a SCAM?
The domain global-coin.co was registered on October 10, 2022 through the NameSilo, LLC registrar for one year. A privacy service is used to hide the identity of the owners of the website.
The domain is hosted on Cloudflare, Inc..
We feel like that fact the domain is about 2 months old kind of contradicts what they write in their About page “With a long journey, for more than 10 years in trading online, Ex 98 group is now a leader in trading online industry.”
And WTH is Ex 98 group?
We’re not sure, but can’t find a mention of that in any other website, besides global-coin.co.
According to SimilarWeb, global-coin.co is relatively popular with a 695,161 global rank, especially in Finland, where it is ranked 71,661. In November 2022, they received around 91,500 visitors from Finland, Canada, Sweden, and the United Kingdom.
At Semrush however they only have an authority score of 3 with 11 backlinks, but none from any reputable website.
The GlobalCoin review we opened with mentioned another domain: webtrader.global-coin.top, which seems to be Global Coin’s login page.
Strangely, however, there’s nothing at global-coin.top.
Global-coin.top was registered on October 10, 2022 through the NameSilo, LLC registrar for one year and is hosted on Cloudflare. So it’s exactly the same like global-coin.co, indicating both domains belong to the same people, but global-coin.top is only used to host the Web Trader, while global-coin.co is Global Coin’s website.
As a consequence, any traffic metrics about global-coin.top reflect actually Global Coin clients.
The SimilarWeb page for global-coin.top suggests that this domain is less popular globally (1,236,203), but much more popular in Finland, where it is ranked 20,631. In November 2022, around 13,000 visitors from Finland and Sweden visited the site.
We got to say that these are remarkable rankings for a business that was opened 2 months ago and does not appear to use paid advertising.
Global Coin Reviews
When we start looking for GlobalCoin scam reviews, things start to become clearer.
We discover that before opening their website at global-coin.co two months ago, they had a previous domain, Global-coin.pro, which is now defunct.
While we cannot access global-coin.pro to verify that it’s the same website as global-coin.co, we notice that this older site is still indexed in Google and that the same pages and texts could be found there, indicating that these two websites do belong to the same scammers.
Global-coin.pro was registered on April 29, 2022 and it was popular especially in the Czech Republic, Bulgaria, and Pakistan.
We believe this site was closed due to many complaints.
On TrustPilot global-coin.pro has a Poor rating of 2.7 stars out of 5 based on 56 reviews, many of them are scam allegations and others are fake reviews.
However, even the UK FCA has issued a warnings against them citing the following information:
- Telephones:
- 02081575900
- 02081572919
- 02081574924
- 02081574922
- 02081574928
- 02081574923
- Mobile: 07537150853
- Email
- support@global-coin.pro
- support@global-coin.co
- nikola.petrob@global-coin.co
- Websites
- www.global-coin.pro
- www.global-coin.co
Global Coin Review Bottom Line
Time to summarize our Global Coin review.
We believe that the Global Coin scam is a fraudulent CFDs platform that targets Finland and Sweden, as well as possibly Canada and the UK.
Their method of defrauding investors seems to be opening a website, getting clients via massive email marketing campaigns to email lists they have obtained in previous versions of their scams, and squeezing money from them which the clients believe will be invested but is actually lost forever. And when a site becomes blacklisted, they open another.
Please remember that even legitimate CFD websites are nothing but Stock Market casinos, no actual trading goes on there. And we quote the footer at global-coin.co: “There Is A Possibility That You May Sustain A Loss Equal To Or Greater Than Your Entire Investment. Therefore, You Should Not Invest Or Risk Money That You Cannot Afford To Lose.”
If you have lost a significant amount of money to trading scams, including crypto trading platforms, such as Global Coin, do not despair! We can help you recover your money.
If you have any first hand experience with Global Coin, please leave a comment below this review.
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