Brokers  /  Setcoin

Setcoin

Moderate risk
🇬🇧 United Kingdom · 2-5 years · since 2022-03-08 · Setcoin
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.48/10
Trustpilot/5
Forex Peace Army/5
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No sign that Setcoin actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
49
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSetcoin
Headquarters🇬🇧 United Kingdom
Founded2022-03-08
Years operating2-5 years
Employees0
Official websitesetconx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
23th Floor One Canada square, canary Wharf london E14 5AB, United Kingdom

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Setcoin is a UK-registered company with no regulatory oversight, founded in 2022. The lack of verable information about its services and operations makes it a high-risk entity. Traders should avoid depositing funds until more concrete evidence of legitimacy and regulatory compliance emerges.

0
Period:
Where reviewers are from
Singapore1

Real user reviews

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About Setcoin

Company Overview

Setcoin is a company registered in the United Kingdom, with a registered address at 23th Floor One Canada Square, Canary Wharf, London E14 5AB. The company was founded on March 8, 2022, according to public records.

Despite its London address, Setcoin does not appear to be regulated by any major financial authority. The absence of regulatory oversight is a significant factor for potential clients to consider.

Regulation and Safety

Our records indicate that Setcoin currently holds no regulatory licenses from recognised financial regulators. This means that the company is not subject to the oversight of bodies such as the Financial Conduct Authority (FCA) in the UK, which typically supervises financial services firms.

Without regulation, there is no independent mechanism to ensure client fund segregation, fair trading practices, or dispute resolution. Traders should be aware that this lack of oversight carries inherent risks.

Products and Services

There is limited public information regarding the specific financial products or services offered by Setcoin. The company’s official domain, setconx.com, may provide details, but we were unable to access it for this review.

Given the scarcity of information, it is not possible to confirm whether Setcoin offers forex, CFDs, cryptocurrencies, or other investment instruments. Clients should exercise caution and conduct thorough due diligence before engaging with the company.

Account Types

No information is available about the account types Setcoin may offer. Typical brokers provide multiple account tiers with varying features, but in this case, such details remain undisclosed.

Potential clients are advised to seek clarity directly from the company regarding account options, minimum deposits, and trading conditions.

Deposits and Withdrawals

There are no publicly known details about the deposit and withdrawal methods supported by Setcoin. Common methods include bank transfers, credit cards, and e-wallets, but this has not been confirmed.

The absence of this information adds to the overall uncertainty about the company’s operations and reliability.

Customer Support

Customer support channels for Setcoin are not documented in available records. Typically, brokers offer live chat, email, or phone support, but these have not been verified.

Without reliable customer service, clients may face difficulties resolving issues or obtaining assistance when needed.

Overview compiled by FXCanary from regulatory records and public data. full Setcoin review