Company Overview
| Company Name: | Shield Coins |
| Website: | shieldcoins.com |
| Registered Country: | US |
| Regulation Status: | Unregulated |
| Operating Since: | 2020 |
| Trading Platforms/Methods: | N/A |
| Leverage Offered: | N/A |
| Minimum Deposit/Deposit Bonus: | N/A |
| Available Assets to Trade: | N/A |
| Demo Account Availability: | N/A |
| Customer Support Contact Methods: | N/A |
Red Flags Indicating It is a Scam
-
Lack of transparency in operation and financial disclosure.
-
Unregulated status leading to high risk of loss without recourse.
-
Absence of positive user feedback on credible platforms.
-
Social media accounts with minimal interaction or fake engagement.
-
Promising unrealistic returns, a common tactic used by scams.
License and Regulatory Issues
Upon checking with major regulatory bodies such as the FCA, SEC, and ASIC, shieldcoins.com is unregulated. This means that it operates outside the established legal frameworks that protect investors. ScamAdviser rates the trust score of shieldcoins.com as low, indicating a high likelihood of scam attributes identified by users. Consequently, any investments made on this platform could be at considerable risk.User Feedback
Online reviews of shieldcoins.com are limited, with most users expressing concerns over the platform’s integrity and lack of support. Many have reported issues with withdrawals and questionable practices, indicating that the overall sentiment leans towards skepticism.-
Concerns regarding withdrawal delays and denials.
-
Accusations of misleading marketing strategies.
Deposit and Withdrawal Methods
Unfortunately, specific details regarding deposit and withdrawal options on shieldcoins.com are not readily available. Users suggest that withdrawal processes may be problematic, commonly resulting in significant delays or outright denials.Why Unregulated Brokers Are Risky
Unregulated brokers like shieldcoins.com pose significant risks to traders. They lack essential protections, such as dispute resolution mechanisms and investor compensation schemes. This absence of oversight increases the likelihood of encountering fraudulent practices, making it critical for investors to conduct thorough research before committing funds.How Can “ReviewsAdvice” Help You If You Get Scammed?
Unfortunately, recovering funds lost to a scam can be challenging. However, “ReviewsAdvice” can help by:-
Raising awareness: By exposing potential scams, we can help others avoid similar pitfalls.
-
Providing resources: We offer guidance on identifying fraudulent brokers and reporting scams to relevant authorities.
-
Actionable support: We will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report your case here for assistance.
