Render Coin is a cryptocurrency trading platform that has been accused of being a scam. The platform claims to offer a variety of services, including trading, staking, and margin lending. However, there is a growing body of evidence that suggests that Render Coin is not a legitimate platform.
Company Overview
This is the first look at their website when you will enter the website. You have to choose the currency system. After choosing the currency, you will can enter the website.
In their About section, they mentioned they are backed by some venture capital company, and their mother company is regulated by the New York State Department of Financial Services. But, they did not provide any proof for that.
Team
The team behind Render Coin is anonymous. There is no information about the company’s founders or executives on its website. This is a red flag, as legitimate financial companies should always have transparent ownership structures.
Services of Products
Render Coin claims to offer a variety of services, including:
- Cryptocurrency trading: Users can trade a variety of cryptocurrencies on the Render Coin platform.
- Staking: Users can stake their cryptocurrencies on the Render Coin platform to earn rewards.
- Margin lending: Users can borrow cryptocurrencies from Render Coin to trade with.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
License and Regulations
License Status
Render Coin claims to be licensed by the Financial Conduct Authority (FCA) in the United Kingdom. However, there is no license information on the FCA’s website.
Regulation Status
Render Coin is not regulated by any financial authority in any jurisdiction. This means that there is no government oversight of the company, and investors have no recourse if they lose money.
Why Dealing With An Unlicensed Broker Is Risky?
There are many risks associated with dealing with an unlicensed broker. These risks include:
- The broker may be a scam.
- The broker may not be able to protect your funds.
- The broker may not be transparent about its fees and charges.
- The broker may not be subject to any regulations.
Legal Warning Against Render Coin
The Financial Conduct Authority (FCA) in the United Kingdom has issued a warning against Render Coin, stating that it is not a legitimate company. The FCA warns that investors who deal with Render Coin are at risk of losing their money.
Client Feedback
There are a number of complaints about Render Coin online. Some users have reported that they were unable to withdraw their funds from the platform.
Feedback About Their Trading
The trading platform offered by Render Coin is very complex and difficult to use. There are a number of reports of users making mistakes while trading on the platform, which resulted in them losing money.
Feedback About Their Customer Service
The customer service offered by Render Coin is reportedly very poor. Users have reported that they have been unable to get in touch with customer support representatives and that when they have been able to get in touch, the representatives have been unhelpful.
How Can Reviews Advice Help You If You Get Scammed?
Reviews Advice is a scam reporting and consulting firm that helps victims like you. If you get scammed by this or any other broker, you can contact us to get a free consultation and service recommendations. That will help you to recover your lost funds.
Final Thought
Render Coin is a scam. The platform is not licensed by any financial authority, and there are a number of complaints about it online. If you are considering investing with Render Coin, we urge you to reconsider. There are many legitimate cryptocurrency trading platforms available, and you should avoid dealing with an unlicensed broker like Render Coin.
