Company Name: Grove-Assets
Website: coinxide.ltd
Coinxide claims to be an online trading platform offering access to forex and other financial instruments. While the website appears professional at first glance, deeper investigation reveals multiple risk indicators and suspicious activity that suggest this may be a high-risk, unlicensed business.
What Coinxide Claims to Offer
The broker advertises:
- Multiple trading instruments, including forex pairs
- Fast execution with tight spreads
- Different account types for beginners and advanced traders
- Customer support via email
While these features may sound legitimate, there is no verified proof of regulation, licensing, or compliance from any recognized financial authority. This lack of verification classifies it as an unverified entity and raises immediate fraud alert concerns.
Company Background and Website Details
- The domain coinxide.ltd is recently created and active for less than a year
- No official company registration or license can be found in trusted financial directories
- Only an email contact is provided, with no physical office, registration number, or corporate transparency
Reputable brokers typically provide:
- Verified regulatory license information
- Company registration details
- Physical office and contact channels
Coinxide fails on all these counts, a strong risk indicator for illicit operations, deceptive practices, and potential malicious intent.
Regulation and Safety Concerns
No evidence shows that Coinxide is regulated by any official financial authority. This means:
- Client funds may not be stored in secure or segregated accounts
- No regulator monitors fairness of trades
- No compensation schemes exist in case of loss
- Traders face high risk due to lack of accountability
Operating as an unlicensed business, Nueva Wealth may engage in offshore dealings, use anonymous payment methods, or implement fake reviews to appear credible.
High Scam Risk – Fraud Alert
Several redflags mark this platform as potentially dangerous:
- Recently created website and company
- No verifiable regulation or corporate transparency
- Lack of physical office or registration details
- Promises of high returns without proof
- Limited verification of users or trades
Such traits are common among platforms involved in honeypot schemes, rugpulls, phishing attempts, stolen identity, forged documents, and malware threats. Investors may experience blocked accounts, withdrawal delays, or manipulated trades.
Final Verdict – Is Coinxide Safe?
Based on available evidence, Coinxide appears to be a high-risk, suspicious, and potentially unsafe trading platform. The lack of licensing, regulation, and transparency makes it unsuitable for anyone seeking secure and protected trading conditions.
Investors should only trade with regulated brokers that can demonstrate legal status and compliance.
If you have already lost funds to Nueva Wealth, act quickly:
- Gather all transaction and communication records
- Take screenshots of trades, deposits, and withdrawals
- Contact professional fund recovery services like Lincox Reclaim, which can help trace funds, prepare evidence, and liaise with banks or payment providers
In online trading, if a broker promises unusually high returns with minimal proof, it is usually a scam warning and a fraud alert.