Coinfxminers

Coinfxminers is a financial services entity registered in Singapore, established on 26 January 2021. The company claims an official presence at coinfxminers.com and lists its registered address as 3015 Suit pagla road, Singapore. As of the latest available records, Coinfxminers holds no regulatory licences from any recognised financial authority.

The firm's registration in Singapore is noted, but Singapore's monetary authority requires a Capital Markets Services licence for leveraged forex and CFD brokerage. The absence of such a licence is a critical fact for any trader evaluating this firm.

Coinfxminers offers three account tiers: Master Plan, Standard Plan, and Starter Plan, with minimum deposits of $5,000, $500, and $20 respectively. These tiers suggest an escalating level of service, though specific features, leverage, or spreads for each tier are not disclosed.

The minimum deposit range indicates the broker aims to accommodate both retail traders with smaller capital and more substantial investors. However, without verifiable information on trading conditions or execution, these tiers remain merely stated offerings.

The broker is not regulated by any known financial authority. FXCanary's cross-check of public regulatory databases confirms that no licence under the name Coinfxminers or domain coinfxminers.com is registered with bodies such as the Monetary Authority of Singapore (MAS) or other major regulators.

For traders, this lack of oversight means no external dispute resolution mechanism or client fund protection scheme. Operating without regulation significantly increases counterparty risk, as there is no independent supervision of the broker's conduct.

No specific trading instruments or platforms are listed in the known facts. The broker's website may provide details on forex, cryptocurrencies, commodities, or indices, but this information is not independently confirmed.

The absence of disclosed instruments is a notable gap. A legitimate broker typically provides clear information about what assets are available for trading. Without such data, it is impossible to assess the broker's market coverage or suitability for different trading strategies.

Coinfxminers carries an FXCanary Scam Risk Score of 45 out of 100, indicating a guarded risk level. The score reflects the broker's unregulated status and limited publicly available information.

Prospective clients should exercise extreme caution. The combination of an unregulated entity, ambiguous product offering, and standard deposit-driven account structure is often associated with high-risk schemes. Verification of the broker's actual business model and operational integrity is strongly advised before any funds are committed.