Coinbase Scams for 2025

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Coinbase Scams Guide

Analysis by Andrew Blumer, Updated Last updated – October 27, 2025

Coinbase Scams

Over the years of trading, I have seen how fast excitement can turn into regret when people let their guard down. Coinbase, founded in 2012 by Fred Ehrsam and Brian Armstrong, has grown into one of the largest cryptocurrency exchanges in the world. I still remember the buzz when it went public in April 2021 through a direct listing on the NASDAQ. Its shares opened at around $381 that day. Today it serves users in over 100 countries and is often the first platform new traders use to get started in crypto.

What always stood out to me is Coinbase’s remote first structure with no central office in the traditional sense. It feels fitting for a company that represents digital assets. Its revenue grew from $483 million in 2019 to more than $1.14 billion in 2020, and more recently it reported about $1.26 billion in Q2 2024. But growth has also brought risks. In 2025, Coinbase revealed a major data breach that could cost between $180 million and $400 million. Around the same time, I noticed many reports online of users who had lost thousands to scams connected to the platform. I want to walk you through the most common scams I have seen and share how to protect yourself.

Impersonation Scams

How Impersonation Scams Work

A few months ago, I came across a case where someone posing as “Coinbase Support” convinced a user to send $3,500 worth of Ethereum to a so called recovery wallet. Sadly, that story is not unique. Scammers set up fake support accounts, emails, and even phone numbers that look legitimate. These tactics are not limited to crypto. They are also common in banking, telecom, retail, and other industries.

Deceptive Calls and Messages

Not long ago, I read reports that Coinbase users lost more than $45 million in a single week due to social engineering scams. In another case, victims lost more than $60 million in phishing schemes in just two weeks. One story that stuck with me was about Mary Burnett, a 72 year old woman who lost $36,000 after being tricked into moving her holdings to what she thought was a safer Coinbase wallet. Another case in Denver involved a man who believed Coinbase support was helping him unlock his account, but instead scammers drained $176,000 from his portfolio. Stories like these remind me how convincing scammers can be when they create fear and urgency.

Red Flags to Watch For

Looking at all these cases, I have noticed some clear red flags. Coinbase will never ask for your password or your two factor authentication code. They will also never demand that you transfer funds to an external wallet. After the 2025 breach, Coinbase reminded users of this and even offered reimbursements for those who were misled into sending funds. Hackers in that breach also recruited or bribed support agents to leak customer data like names and addresses, which made their phishing attempts seem more believable. If someone calls you and claims your account is in danger or pressures you to act immediately, that is almost always a scam.

Risks of Sending Cryptocurrency

One of the most damaging tricks I have seen involves scammers convincing victims to move crypto to a so called safe wallet. Once the crypto leaves your account, it cannot be reversed. During a 2024 and 2025 investigation, authorities seized more than $225 million in stolen crypto and found that 130 Coinbase users had been victims of pig butchering scams that combined romance and fake investment pitches. Some of those funds were frozen and Coinbase worked with the U.S. Secret Service to identify victims, but only a small portion of the stolen amounts were ever recovered. If someone tricked you into sending even $5,000 in Bitcoin, the reality is that there would be no way to undo the transaction once it is confirmed on the blockchain.

How to Stay Safe

From my own experience, here is the checklist I follow to stay safe:

In the end, the same things that make crypto exciting such as self custody and fast transfers also make it dangerous when scammers get involved. If someone ever asks you to do something that feels out of your comfort zone, especially sending funds to an unfamiliar wallet, take it as a warning sign. I hope these stories and examples help you recognize the risks and avoid becoming the next victim.

Giveaway Scams

How Giveaway Scams Operate

From my own experience watching the crypto space daily, giveaway scams have become one of the most aggressive frauds targeting Coinbase users. For example, earlier this year, I saw fake posts on Twitter claiming that Coinbase CEO Brian Armstrong was “celebrating Bitcoin hitting $70,000” by giving away 2 BTC to anyone who first sent 0.1 BTC (worth around $6,800 at the time) to a wallet. These scams spread on YouTube livestreams too, showing forged screenshots or fake promotions that look like official Coinbase events. Once you send funds, they vanish instantly.

The Role of Fake Websites

I once clicked on a link out of curiosity and was taken to a fraudulent website that looked nearly identical to Coinbase. It even showed a fake balance of 1.5 ETH (worth about $4,000 then) just sitting there, tempting me to “unlock it” by depositing 0.2 ETH. The site had countdown timers pushing me to act quickly. Of course, if you send crypto to these wallets, the money is gone forever no refunds.

Why People Fall for These Scams

The hype is powerful. During the Bitcoin surge in April 2024, when BTC briefly jumped past $73,000, many inexperienced users fell for scams offering “double your crypto” rewards. The promise of easy profits blinds people to the risk, and since crypto transactions are irreversible, once you hit “send,” there’s no way back.

Staying Safe from Giveaway Scams

The only safe way I’ve ever gotten legitimate bonuses or rewards was directly on the Coinbase app, like the Coinbase Earn program, where I earned $3 in COMP or $5 in DOT by completing short lessons. Any promotion outside the official site especially one asking you to send crypto first is a red flag. If it sounds too good to be true, it always is.

Investment Scams

How Investment Scams Work

I’ve seen plenty of “investment gurus” on Instagram and Telegram promising 30% weekly returns if I send them USDT through Coinbase. These are Ponzi schemes in disguise: early participants may get paid from newer victims, but eventually the scheme collapses. In mid 2024, regulators even issued warnings about a so called “Coinbase Mining Pool” scam where people were tricked into depositing thousands of dollars in Bitcoin with the promise of guaranteed profits.

Warning Signs of Fraudulent Investments

Anytime I see “guaranteed 50% profit in 7 days,” I walk away. No legitimate investment works like that. Scammer websites are usually full of grammatical mistakes or bad design. I once saw a site claiming to be backed by Coinbase that spelled Ethereum as “Etherum” and had payment requests sent to random wallet addresses. Another red flag: unverified brokers asking me to “top up” with $500 to $1,000 in BTC to activate an account. Huge warning sign.

How to Verify Investment Opportunities

I always cross check names on consumer protection sites and search for genuine reviews. If I can’t find any official presence apart from the scammer’s own website, I assume it’s fake. Real Coinbase partnerships or offers are always announced on the company’s blog or press releases never just random WhatsApp messages.

Where to Report Scams

When I spotted one of these fake “investment pools,” I filed a complaint with the SEC (in the US) and also notified Coinbase directly. In the UK, people should contact the FCA. Reporting helps shut down these sites before they steal more money.

Scam post

Loader Scams

What Are Loader Scams?

Recently, I was approached on Discord with an offer that sounded too good to be true: “Buy a verified Coinbase account with $100,000 in buying power for just $800.” These are known as loader scams. In most cases, these accounts are created using stolen credit cards or hacked identities. Victims who buy them end up unknowingly participating in money laundering. In 2024, several arrests were made in the U.S. and the UK for people involved in these schemes some even facing federal charges for handling stolen financial data.

How Scammers Operate

The scammer I interacted with claimed to work with Coinbase and asked for my login credentials “to boost” my account’s buying limit. That’s equivalent to handing over your digital wallet to a thief. Real-world cases, such as the 2023 “Crypto Loader Network” bust in Florida, showed scammers using stolen credit cards to deposit fake funds into victim accounts before draining them. Most people who fell for these scams lost all their crypto assets and had their accounts permanently locked.

Risks Associated with Loader Scams

A friend of mine fell for a loader scam on Telegram in early 2024. After paying $600 for a “preloaded” account, Coinbase froze his wallet, citing “fraudulent activity.” He lost $2,000 worth of ETH and faced investigation from his bank after stolen card details were found linked to the deposits. Beyond financial losses, involvement in such scams can trigger criminal investigations under anti-money-laundering laws in multiple countries.

How to Stay Safe

I now avoid any offer promising “instant upgrades” or “boosted accounts.” Coinbase only changes limits via the official website or verified email communication. Any third party offering to enhance your buying power is running a scam. In short: if someone says they can “load” your account, they’re likely loading you into trouble.

Telegram Scams

How Scammers Use Telegram

Telegram has become a hotspot for crypto scams, particularly during market surges. During Bitcoin’s rally in late 2024 when BTC broke $70,000, I joined what appeared to be an official “Coinbase Support” group. Within minutes, admins began promoting “exclusive staking bonuses” and “limited-time giveaways.” These groups often use official logos and fake verification badges to appear legitimate.

Fraudulent Bots and Giveaways

In one instance, a bot on Telegram offered to double my 200 USDT deposit. I tested it out of curiosity sent the amount and the bot instantly went offline. Similar scams were reported across multiple channels, where bots were designed to drain wallets or redirect victims to phishing pages. In 2023, a large-scale Telegram scam known as the “CryptoDouble” scheme defrauded investors of over $4 million globally through these fake doubling bots.

Fake Support Representatives

Later, I was privately messaged by a user claiming to be “Coinbase Customer Care.” They requested my recovery phrase to “verify ownership” of my wallet. This is the biggest red flag no legitimate company ever asks for recovery phrases or 2FA codes. Victims who provided this information have seen their wallets emptied within minutes. There were similar cases reported on Reddit in 2025 where users lost thousands in ETH and USDC after falling for these impersonation scams.

How to Protect Yourself

Now, I remind myself that Coinbase does not operate any official Telegram groups. Any bot, admin, or support agent asking for crypto payments, passwords, or recovery phrases is fraudulent. I immediately block and report these accounts. Always verify issues using the official Coinbase app or help center before taking action.

Employment Scams

How Employment Scams Work

While job hunting in early 2025, I received an email claiming to be from a Coinbase recruiter offering a remote analyst role with a $135,000 salary. Everything looked authentic, including the branding and professional tone. However, the recruiter later requested a “crypto security deposit” of $250 USDT to “set up company equipment.” This was the first red flag it’s a classic employment scam. Scammers often prey on job seekers desperate for opportunities in the booming crypto industry.

Use of Fake Offer Letters

The scammer attached a fake offer letter with official Coinbase logos and signatures that matched LinkedIn employee names. In a real-world example, the FBI reported in 2024 that fake job scams using company branding including Coinbase and Binance had increased by over 75%. Victims would transfer crypto for “training materials” or “equipment deposits” and never hear back. Once funds are sent, recovery is nearly impossible.

Red Flags to Watch Out For

Any recruiter who asks for money, crypto, or your wallet information is not legitimate. Coinbase never conducts interviews via Telegram, WhatsApp, or unverified email domains. Poor grammar, rushed timelines, and suspicious payment requests are all signs of a scam. In 2023, victims of similar “remote crypto analyst” scams collectively lost over $3 million according to the FTC.

How to Stay Safe

I now verify all job offers on the official Coinbase Careers page and confirm recruiter identities through LinkedIn before responding. If an offer promises six figures with no interview or experience requirement, it’s almost guaranteed to be fraudulent. Coinbase never requires crypto deposits for onboarding, software setup, or training ever.

Coinbase support

Steps to Take If You’re Targeted by a Scam

Immediate Actions: Secure Your Accounts

When I suspected I was being targeted, I immediately changed my Coinbase password, revoked active sessions, and enabled temporary account locking. These steps prevented any unauthorized withdrawals. Always remember never share your recovery phrase or 2FA codes, even if someone claims to be from support.

Contact Coinbase Through Official Channels

I submitted a report through the Coinbase Help Center using the verified site. I included screenshots, wallet addresses, and chat transcripts. This allowed Coinbase’s fraud team to flag related accounts. Using the official app or site ensures you’re not redirected to phishing links.

Notify Your Bank or Payment Provider

If your card or bank account was used, contact your bank immediately. In one case, I managed to reverse an additional $500 fraudulent charge because I reported it within minutes. Quick action often makes the difference between recovering funds and losing them permanently.

Preserve Evidence

I saved all screenshots, transaction IDs, and chat logs. These records are vital when filing reports with Coinbase, law enforcement, or regulators. The more detailed your evidence, the stronger your case becomes during investigations.

Report to Authorities and Regulators

After losing $200 in ETH to a Telegram scam, I filed a report with my local cybercrime unit and submitted the details to the SEC via their investor complaint portal. In the UK, the FCA is the main body handling crypto-related fraud reports. Providing wallet addresses and transaction hashes helps investigators trace the stolen funds.

Report on Blockchain and Use Tracing Tools

I used Etherscan to trace where my ETH was sent. Though the funds couldn’t be recovered, this information was valuable for law enforcement. Blockchain tracing tools like Chainalysis and Elliptic are now commonly used by authorities to monitor stolen crypto flows.

Be Wary of Recovery Services

I later came across “crypto recovery firms” claiming they could retrieve my lost funds for a 10% upfront fee. Many of these companies turned out to be scams themselves. I now only rely on verified Coinbase support and registered regulatory agencies when handling fraud cases.

Inform Relevant Platforms and Communities

After my experience, I posted a warning on Reddit’s r/CryptoScams community (without sharing personal data). Within days, others came forward with similar stories. Public awareness helps others avoid losing thousands to the same traps.

Monitor and Restore Security

Since then, I’ve implemented hardware-based 2FA, updated all passwords with unique combinations, and moved my larger holdings into cold storage wallets. I also make it a habit to review account activity logs monthly to spot any suspicious activity early.

Seek Legal Advice When Necessary

If you’ve lost significant amounts (like cases exceeding $50,000 reported in the U.S. and Singapore), it’s worth consulting a cybercrime attorney. Legal experts can work directly with blockchain investigators and regulators to trace transactions and increase recovery chances, though success still depends on timing and jurisdiction.

Coinbase Scams Verdict

After exploring the many forms of Coinbase scams from impersonation and giveaway traps to investment frauds, loader schemes, Telegram tricks, and fake employment offers it becomes clear that scammers are always finding new ways to exploit the popularity of one of the world’s largest exchanges. What ties all of these scams together is their reliance on misdirection, urgency, and false promises to get unsuspecting users to lower their guard. While Coinbase itself is a legitimate and regulated platform, bad actors abuse its name to trick people into handing over money, credentials, or personal data.

One of the key lessons I’ve learned as a trader is that personal vigilance is your strongest shield. Every offer that seems too good to be true usually is. Official Coinbase channels will never ask for recovery phrases, 2FA codes, or crypto transfers to verify an account, yet scammers thrive by imitating support teams or setting up fake websites. Recognizing these red flags and knowing the right reporting steps can prevent small mistakes from becoming large losses.

Staying safe in the cryptocurrency world requires a balance of trusting the right institutions while remaining skeptical of anything outside official channels. By using Coinbase responsibly, double checking all communications, and educating ourselves on the latest scam tactics, we give ourselves the best chance to trade and invest securely. For me, the takeaway is simple: crypto is full of opportunity, but the only way to seize it is by pairing ambition with caution. If we do that, scams lose their power and the real potential of digital assets comes to light.

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Reputable Coinbase Scams Checklist

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Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR


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We have listed top Cryptocurrency Investment Platforms below.

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IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 200000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Seychelles Financial Services Authority (FSA) (SD018)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 730000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 50
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 40000000+ traders. 61% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 69% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.99% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC) (000261/27) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd
Pepperstone
(4/5)
Min deposit : 0
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 200000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs, Bonds.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130)
EasyMarkets
(4/5)
Min deposit : 25
easyMarkets was established in 2001 and is used by over 250000+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Easy Forex Trading Ltd is regulated by CySEC ( License Number 079/07). Easy Forex Trading Ltd is the only entity that onboards EU clients, easyMarkets Pty Ltd is regulated by ASIC ( AFS License No. 246566), EF Worldwide Ltd in Seychelles is regulated by FSA ( License Number SD056), EF Worldwide Ltd in British Virgin Islands is regulated by FSC (License Number SIBA/L/20/1135),
SpreadEx
(4/5)
Min deposit : 0
SpreadEx was established in 1999 and is used by over 60000+ traders. 65% of retail CFD accounts lose money SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 7800000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120)

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Losses can exceed deposits
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Losses can exceed deposits