Warning: Is My Coin Elite a Scam?

Is My Coin Elite (mycoinelite.com) a Scam?

Our team strongly warn you to steer clear of My Coin Elite (mycoinelite.com).

We found that it is located at 5 Crossharbour Plaza, Isle of Dogs, London, UNITED KINGDOM, the phone number is '+4 42033185949, and the support email is support@mycoinelite.com.

My Coin Elite appears to be a financial platform, but it is unlicensed by any credible commission, like the ASIC or CySEC.

Money Stuck in My Coin Elite?

Are you unable to withdraw your investment from My Coin Elite? Fill out the form below to talk to our cyber-forensics team for a free case evaluation.

Regulatory Check: My Coin Elite

The biggest sign is that My Coin Elite (mycoinelite.com) has no license from a credible authority.

Investing with unlicensed firms is highly risky. Trusted firms are must be authorized with bodies like the SEC, ASIC, or FCA to ensure consumer safety.

My Coin Elite operates without this supervision. This means there is no safety net if they withhold your funds. Most investment fraud use unlicensed entities, and getting back money from them is hard without professional assistance.

For instance, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In America, they are not members of SIPC, so your capital is at risk.

How My Coin Elite Might Scam You

Online trading fraud is getting smarter. Scammers use social engineering to take your savings. Here are common methods seen in sites similar to My Coin Elite (mycoinelite.com).

The "Romance" Trap

The "Romance Scam" is a brutal tactic where scammers groom victims over weeks. They build a romance online. Once trust is built, they introduce a special investment. It's a trap to get you onto a scam site like My Coin Elite.

The "Bonus" Trap

Scammers create websites that look exactly like real trading apps. They have charts and balances that go up. But it is a game. The scammer controls the prices to convince you to deposit more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

• Unsolicited Contact: They call you from "brokers" you don't know.
• Unregulated: The company has no authorization.
• Guaranteed Profits: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: You cannot get your money out. They ask for "tax fees" first.
• Aggressive Sales: Agents push you to invest bigger amounts.

Ignore positive ratings. Fraudulent brokers often post their own positive comments to appear real.

Verdict

Our verdict is to block My Coin Elite. It appears to be a fraud. Save your funds and find a regulated broker. Avoid mycoinelite.com at all costs.