CoinB

CoinB Markets Limited is a recently established financial services entity registered in the Bahamas. According to our records, the company was founded on 20 June 2025 and is registered at Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas. The official domain on file is pehjosf.com, though our checks found no verifiable website or social-media presence associated with this address.

As of our latest review, the company reports no employees on file. This, combined with its very recent establishment, means there is limited public information available about its operations, leadership, or trading offering. Traders should treat this lack of transparency as a significant caution signal.

CoinB Markets Limited holds a Derivatives Trading License (MM) from the Securities Commission of The Bahamas (SCB), with licence number SIA-F217. The SCB is the regulatory authority for financial services in the Bahamas, and a derivatives licence authorises the holder to engage in trading activities under the country's regulatory framework.

However, the Bahamas is often regarded as an offshore jurisdiction with lighter oversight compared to major financial centres such as the UK, US, or EU. Our records indicate the licence status is listed as '—', meaning we could not confirm its current validity or any conditions attached. We cross-checked the licence details against our internal records, but the absence of a clear status is a point of concern.

FXCanary's Scam Risk Score for CoinB is 53 out of 100, which we classify as 'Elevated'. This score is driven by several risk flags: the company is recently established (about 14 months old), it is registered in an offshore jurisdiction with light oversight, and it has no verifiable website or social-media presence.

These factors combine to create an environment where a trader has little ability to independently verify the broker's claims or operations. The lack of a functioning website is particularly unusual for a licensed broker, as it is the primary channel through which clients would normally access trading platforms, account documentation, and customer support.

Because we could not access a live website or any official documentation from CoinB, we were unable to verify the trading platforms offered, account types, minimum deposit requirements, leverage, spreads, or the range of instruments available. Our records do not include any such details, and we do not import figures from external sources that may refer to a different entity with a similar name.

We also found no evidence of clone or impersonator sites, which is notable but not reassuring given the overall lack of information. In the absence of verifiable operational details, we cannot confirm that CoinB offers retail forex or CFD trading, nor can we assess the quality of its execution, pricing, or customer service.

Given the lack of public information, it is difficult to determine the intended client base for CoinB. The company's registration in the Bahamas and its derivatives licence suggest it may be targeting international retail or institutional clients seeking offshore trading services, but this is speculative.

We advise traders to exercise extreme caution if they encounter CoinB or any entity directing them to pehjosf.com. Without a verifiable website, transparent regulatory status, or any independent reviews, there is no reliable basis to assess the broker's legitimacy or suitability. Traders should consider this a high-risk proposition and seek brokers with a clear, verifiable track record.