The Coinmasterspro trademark belongs to Vestpro Group LTD, which is registered in Republic of Seychelles with registry number 219970. In addition, according to the website owner, the company’s office is located in London, and its UK phone number is listed for contact. As for regulation, the broker reports that it has a license from the Republic of Seychelles. In addition, the platform is closed to residents of certain jurisdictions, such as Iran, the United States, and North Korea. How reliable is the service and is it safe to trade on this terminal? We will review trading conditions, check the legal documents, and then give a conclusion on the legitimacy of the broker.
How to Trade
Coinmasterspro offers clients to trade forex, CFDs, cryptocurrencies, and more with advanced technology. The tariff plans include a minimum bet amount starting from $100 with no upper limit restrictions.
The broker claims that thanks to the automated system, more than 1.7 million traders could earn an average annualized return of about 17% on cryptocurrencies and Forex and about 33% on other instruments. According to Coinmasterspro, its customers have received:
- 65.37% execution of limit orders at a better price than the requested price.
- 100% execution of limit orders at the requested rate or better.
- A 0.57-point increase in limits for improved limit orders.
- 0.04% increase in revenue between the bid and executed price of limit orders.
Deposits and withdrawals at Coinmasterspro are made by methods: bank transfer, Bitcoin, Mastercard, Visa, and Western Union. Requests are usually processed within 2-5 business days. After your funds are debited from your account, the transfer process may take more than 5 business days until the funds are credited to your bank card balance. Members of the Referral Program receive $50 for each referral with trading volume up to $500 per year. There is an educational center on the site. Customer support works around the clock.
Coinmasterspro Vital Info
The broker claims that more than 120 thousand active users around the world have been trading on its terminal for many years and more than 1.7 million users have earned more than 17% of their deposit on it. However, it does not disclose the history of the brand and the date of its launch. It is worth noting that products and services under this brand name are provided by several subsidiaries, such as Coinmasterspro Crypto, Inc. and Coinmasterspro Technologies, Inc. Although according to the domain registration date, this project did not begin operations until September 2023.
In terms of regulation, the “About” section of the website publishes that this company is regulated by the DFS (US Department of Financial Services) and it meets the requirements set by the NSYDFS. The footer of the homepage states that Coinmasterspro is a brand of Vestpro Group LTD, which is licensed by the regulator of the Republic of Seychelles. However, the broker does not show any documents to prove these facts. Moreover, the company provides CFD trading services, which are prohibited in the USA.
Let’s also say a little about other inconsistencies in the broker’s information that seem strange to us. The main page of the official website mentions the Libre Holdings platform, which offers “more than a hundred thousand assets in half of the financial markets”. It is unclear what it has to do with Coinmasterspro. Finally, in the published review, the client “recommends the company PM-Group365”, which is also not related to this broker. It is possible that the main page of the site is compiled from other resources, and that it is done carelessly. Don’t you think that a company with such data is quite risky?
I confirm that the account verification procedure with this broker is very complicated. I even thought that I would not be able to verify my identity for the first time. I perceive such a serious approach of the broker as excessive vigilance. I have worked with other similar projects and everything was fine. I have not met such a similar forex-service in my practice, where there would be such a sensitive attitude towards clients. Excessive vigilance scares traders away. I wouldn't trade here if I thought in advance that I would encounter such a problem.
I immediately started trading on an individual account, I deposited $600 and within a few days, I didn't have a dime left of it. When I studied with another broker, I was told that you should always start with a demo version, test trading and only then start trading on a real account. In technical support of coinmasterspro.com, when I first asked about the demo account, the company's employees offered me a personal consultant to help me, and he persuaded me to deposit $600, after which I drained them all under his guidance. Now I am very angry with this consultant! If you do not want to stay with zero on the account, as I did, then be sure to start trading in a company that has demo versions and do only that! Of course, it is my own fault that I did not listen to the right advice given to me by the experts during the training. Traders say that beginners are lucky, but I could not confirm this statement on my experience, it turns out that it does not always work, this is not my case.
Neither I nor my referrals - and there are already quite a lot of them - have never had any difficulties during all the time of working with this broker :) I have withdrawn substantial amounts of money from coinmasterspro.com, more than 10 thousand euros, and everything went smoothly.
An acquaintance of mine has been working here for a long time, he trades with average amounts in his account and earns an average of 600-700 dollars a week. He also tried the referral program and invited me. I opened an account, made my first deposit, and within a week my 550 dollars were drained forever. It was a blow for me, and at first, I wanted to leave coinmasterspro.com altogether. But my friend convinced me to stay and start trading cryptocurrency. Now I'm working with small amounts, I don't know what will work out.....
I want to tell you about the withdrawal of funds. I am trying to withdraw my profit only for the first time from this broker. On other sites, the process always took no more than an hour. But here the broker rejects my request for the third day. That's it, my patience is running out, I think I'll be saying goodbye to this company. Today I had a row with technical support, and the operators promised to fix the situation, I will see what will happen next...
I'm thinking about whether I should trade on Coinmasterspro or not… Can't decide yet. I was immediately alarmed by several things. First, I didn't understand why there is no clear information about trading accounts and other specific parameters. My colleague says that the broker does this on purpose to impose its services on traders personally. However in my opinion, in general, it seems to be a good company with AI.
I am convinced that there are scammers working on this site, and I see that they are becoming more and more active☹️ A month ago I fell into their trap and lost more than 800 USDT on automatic trading, so much time has passed, and there are more and more people like me who have been deceived. I don't understand why no one has covered up this scam yet? When coinmasterspro ripped me off, I filed a complaint with DFS, but as I see, nothing has changed 👎
I do not recommend you to contact these scammers! I broke off all relations with this broker and I am not going to renew them. And all because of the fact that problems with the withdrawal of funds began a few days after the registration of my account. I was not forbidden to make transactions, but it was almost impossible to withdraw the $876 I earned! I submitted a whole package of documents to get the payment. But nothing was returned to me, and such difficulties were artificially created by the broker.
Yesterday my uncle received a call from a certain manager working at coinmasterspro. If I didn't hear their conversation in time, my gullible uncle would have transferred his savings to this company's account and he would have been stressed after losing his money. This manager took a very long time to persuade my uncle to deposit 5 thousand euros into the account, he promised that the invested amount would double in a week if the money was handed over to an artificial intelligence instead of a human. My uncle was so fascinated by this topic of new technologies that I had to explain all the risks to him for a very long time. My uncle and I modeled this situation - his account was blocked and what would he dot? Will he travel from Madrid to the Seychelles? Issue a power of attorney from a local lawyer? The uncle has diabetes and all these stresses will end up with aggravation for him. In short, it became clear to us that these are fraudsters and we will not be able to get our money back. So my uncle gave up the idea of giving his savings to unknown people with a dubious reputation. You should also be careful, these scoundrels are somewhere taking the phone numbers of elderly people, calling them, and start imposing their fraudulent services.
This is a very questionable company! On social networks, professional investors say that coinmasterspro does not allow to withdraw money at all, not even the trader's deposit, not to mention the profit. I wanted to deposit 100 dollars to test the functionality of the terminal, and realized that all the money will stay with this dishonest broker, because in this case - THIS IS THEIR PROFIT! Yes, their Rules say that the profit you earned belongs to the company, not to you! If the owner of the terminal does not allow clients to withdraw honestly earned funds, it turns out that the trader sees a fiction in front of his eyes. So the broker is a common swindler! I advise all of you to be careful with this financial resource!