✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

Are you wondering if the Krakcoin company is safe to invest in? In this section, we will provide you with our detailed evaluation. Don't miss our full analysis to get all the information you need!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Krakcoin and we will tell you why we came to such a conclusion:

Basic Information

🌐 Websitekrakcoin.co
🏠Company *​Not mentioned
RegulatoryIt is not regulated
📧 Email[email protected]
📈PlatformOwn platform
📌Address​Claims to be falsely located in Cyprus
🕑 Website ageWebsite registered at: (very recent)
Company typeForex, CFDs, stocks and commodities broker

Company:

🚨 Lack of clarity about the company that owns Krakcoin raises concerns about its transparency.

Location:

⚠️ Although the company mentions having a presence in Cyprus, the authenticity of this data is questioned.

We can already tell you that we are concerned about several characteristics of this company.

What is Krakcoin?

After a thorough evaluation of the company's website, we came to the conclusion that Krakcoin functions as a forex, CFDs, stocks and commodities broker.

Account types

Here are the different types of Krakcoin accounts/plans:

types of accountsMINIMUM INITIAL DEPOSIT
BASIC $2,500 
SILVER$10,000
GOLD$25,000 

Information on the web

KRAKCOIN website

Here we show you a screenshot of the Krakcoin website, which is krakcoin.co. The capture was made in May '2024.

Contact: phone numbers and email

After carrying out a thorough analysis of the website:

📞 We have found the following phone number: It does not have one.

📧 We have found the following email: [email protected].

Krakcoin Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

La lack of information on regulation of this broker raises concern. What does this imply? That it is an unregulated broker, which puts client funds at risk. If the broker acts fraudulently, investors may not be able to get their money back. Be careful when trusting unregulated companies!

🚫 Final Krakcoin Rating 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Krakcoin and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as Cyprus, but we believe that this is false information with which they try to deceive customers.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

Please remember that the company has been denounced by different financial regulators (in this case the CNMV, National Securities Market Commission). Use EXTREME CAUTION.

Krakcoin, a broker that offers services in forex, CFDs, stocks and commodities, raises significant suspicions about its reliability. Although it claims to be located in Cyprus, there is skepticism about the authenticity of this information, suggesting a possible attempt to deceive customers. The lack of transparency regarding its actual location and the age of the website, registered in January 2024, raise red flags about the company's credibility.

Furthermore, Krakcoin does not provide information on the ownership entity, reflecting a lack of transparency in critical data. This lack of clarity over the company's ownership raises concerns about its reliability and commitment to customers. The complaint by the National Securities Market Commission (CNMV) in April 2024 adds an additional layer of concern about the security and legitimacy of Krakcoin.

The lack of regulation is another alarm signal, since the company does not mention being subject to any regulatory framework. This lack of transparency and absence of regulation suggests a notable lack of seriousness and commitment to financial sector regulations. Given these warnings, investors are advised to exercise extreme caution when considering any type of trading relationship with Krakcoin. The combination of lack of transparency, location questions, and regulatory complaints indicate a high risk associated with this company.

🚨🚨 In summary, our evaluation indicates that this company does not meet the required seriousness and safety standards. We recommend that you be cautious when considering any type of financial transaction with her. 🚨🚨

Updates

➡️ News about Krakcoin:

Date Update – news
May 2024Complaint against Krakcoin from financial regulator CNMV, National Securities Market Commission

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Krakcoin.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Krakcoin

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Krakcoin

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Krakcoin?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Krakcoin?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Krakcoin reliable?

No. Krakcoin is not trustworthy, it is a very unsafe company: false location in Cyprus, not regulated, recent antiquity since 2024 and complaint from the regulator CNMV, National Securities Market Commission.

How to recover money from Krakcoin?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Krakcoin: opinion and comments – Is it a scam?»

  1. Samantha Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hi Samantha, thanks for writing about Krakcoin. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

Leave your comment

Your email address will not be published. Required fields are marked with *