Below is a comprehensive analysis of CoinEvo (official website: https://coinevo.co/) based on the requested criteria, including online complaints, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, and potential brand confusion. The analysis draws from available web information, critical evaluation of sources, and general knowledge about assessing online brokers. Note that some details, such as current website accessibility or specific social media activity, may require real-time verification beyond the provided references.

1. Online Complaint Information ¶

CoinEvo has garnered significant negative feedback across multiple platforms, indicating a high volume of user complaints:

Trustpilot Reviews: CoinEvo has low ratings on Trustpilot, with 19 reviews for coinevo.co (average score ~1.7 stars) and 4 for coinevo.io, reflecting poor user experiences. Complaints include inability to withdraw funds, aggressive sales tactics, and accounts being frozen after deposits.
Scamadviser and Scam Detector: Users report being lured via social media or fraudulent ads, with funds becoming inaccessible after deposit. Specific grievances include demands for additional payments (e.g., taxes) to unlock funds and unresponsive customer support.
Personal Reviews and Forums: Users describe CoinEvo as a scam, citing experiences like being pressured to deposit more money by “retention agents” and receiving calls from international numbers to manipulate account access. One user reported depositing £180, facing aggressive follow-ups, and being unable to recover funds.
Recovery Claims: Some reviews mention third-party recovery services (e.g., ApexChargeback, MyChargeBack) assisting with fund retrieval, but these are not verified and could indicate additional scam risks. Assessment: The volume and consistency of complaints about withdrawal issues, aggressive tactics, and fund loss strongly suggest CoinEvo engages in fraudulent practices. The absence of positive user feedback further undermines its credibility.

2. Risk Level Assessment ¶

Based on aggregated data from review platforms and scam detection tools, CoinEvo is rated as high-risk:

Scam Detector Score: CoinEvo.co received a trust score of 42.3/100, tagged as “Controversial. Risky. Red Flags.” due to phishing, spamming, and proximity to suspicious websites (score >80 indicates high risk).
Scamadviser Score: CoinEvo.co has a low trust score, with warnings about potential scams. CoinEvo.com scored 71/100, considered medium-to-low risk, but still requires due diligence. Both domains raise concerns due to hidden contact details and negative reviews.
Other Sources: Sites like ScamBrokersReviews, Valforex, and BrokersView label CoinEvo as a scam, citing unregulated operations, unfavorable trading conditions, and regulatory warnings. Assessment: The consistently low trust scores and scam allegations across multiple platforms indicate a high risk of financial loss. CoinEvo’s association with suspicious online entities amplifies this risk.

3. Website Security Tools ¶

Evaluating the security of https://coinevo.co/ involves analyzing SSL certificates, website design, and potential vulnerabilities:

SSL Certificate: Scamadviser confirms a valid SSL certificate for coinevo.co, securing communication between the user and the site. However, free SSL certificates are commonly used by scam sites, so this alone does not ensure legitimacy.
Website Design and Metadata: Scam Detector notes that coinevo.co is poorly designed, lacking metadata elements that enhance online presence and credibility. This suggests low investment in professional development, a common trait of scam sites.
Platform Functionality: CoinEvo uses a proprietary WebTrader platform described as basic, lacking advanced features like Expert Advisors (EAs) or social trading, unlike reputable platforms (e.g., MetaTrader 4/5). This inferior software is easier to manipulate, raising concerns about trade integrity. Assessment: While an SSL certificate is present, the poor website design and basic trading platform suggest a lack of professionalism and potential for manipulation. These are red flags for a trading platform handling sensitive financial data.

4. WHOIS Lookup ¶

WHOIS data provides insight into domain ownership and registration details:

Domain Ownership: The registrant for coinevo.co is listed as “REDACTED FOR PRIVACY” under Domain Name Privacy Inc., a common practice for obscuring ownership. This lack of transparency is a red flag, as legitimate brokers typically provide clear company details.
Registration Date: CoinEvo’s digital footprint began in July 2021, indicating a relatively new operation. Newer domains are often riskier, especially in the trading industry, where established brokers have longer track records.
Company Details: CoinEvo is associated with Lilac Group LLC, registered in Saint Vincent and the Grenadines (SVG) with registration number 1466 LLC 2021. SVG is an offshore jurisdiction with minimal regulatory oversight, increasing risk. Assessment: The hidden registrant details, recent domain creation, and offshore registration in a low-regulation jurisdiction are significant risk indicators. These traits are common among scam brokers aiming to evade accountability.

5. IP and Hosting Analysis ¶

Analyzing the server and hosting setup provides clues about operational legitimacy:

Hosting Provider: Scamadviser notes that coinevo.co’s hosting company supports numerous low-rated websites, suggesting lax “Know Your Customer” processes. This increases the likelihood of coinevo.co being part of a broader network of dubious sites.
Server Location: Specific server location details are not provided in the references, but the association with a hosting provider linked to scam sites raises concerns. Legitimate brokers typically use reputable, secure hosting services.
IP Reputation: No direct IP reputation data is available, but the “Proximity to Suspicious Websites” score (>80) from Scam Detector indicates that coinevo.co shares infrastructure with questionable platforms, increasing risk. Assessment: The use of a hosting provider linked to low-trust sites and proximity to suspicious online entities suggests poor operational integrity. This aligns with patterns seen in scam brokers.

Social media activity can indicate legitimacy and user engagement:

Presence: No specific social media accounts (e.g., LinkedIn, Facebook, Twitter) are mentioned in the references for CoinEvo or Lilac Group LLC. Scam Detector suggests owners should provide social media profiles to dispute low trust scores, but no such profiles are noted.
User Complaints: Reviews mention CoinEvo approaching users via social media with fraudulent ads or unsolicited messages, a tactic used by scammers to lure victims.
Engagement: The lack of verifiable social media presence contrasts with legitimate brokers, who maintain active, transparent profiles to build trust and engage with clients. Assessment: The absence of a verifiable social media presence and reports of predatory social media tactics are red flags. Legitimate brokers typically maintain professional, active social media accounts.

7. Red Flags and Potential Risk Indicators ¶

Several red flags and risk indicators emerge from the analysis:

Unregulated Status: CoinEvo operates without a valid financial license, confirmed by warnings from regulators like CONSOB (Italy), FSMA (Belgium), A-TVP (Slovenia), and CNMV (Spain). SVG’s Financial Services Authority does not regulate forex trading, rendering CoinEvo’s registration meaningless for oversight.
High-Risk Trading Conditions: Leverage of 1:100 to 1:300 is excessively risky (compared to EU/UK caps of 1:30), and spreads (e.g., 3 pips for EUR/USD) are higher than industry standards (1 pip or less). These conditions increase user losses.
Withdrawal Issues: Complaints consistently highlight inability to withdraw funds, with minimum withdrawal thresholds ($100 for cards, $250 for wire transfers) and additional fees (10% for unverified accounts or low turnover).
Aggressive Sales Tactics: Users report persistent calls from international numbers and pressure to deposit more funds, a hallmark of scam brokers.
Dormant Account Fees: A 10% monthly fee for inactive accounts after six months is exorbitant compared to legitimate brokers ($5–10/month), designed to erode user funds.
Lack of Transparency: Hidden ownership, no demo account, and vague trading performance data reduce trust.
Bonus Traps: CoinEvo’s bonus policy requires trading the bonus plus deposit 25 times before withdrawal, a tactic to lock in user funds. Assessment: The combination of unregulated operations, predatory tactics, unfavorable terms, and lack of transparency marks CoinEvo as a high-risk platform with multiple scam indicators.

8. Website Content Analysis ¶

Analyzing the content of https://coinevo.co/ provides insight into its professionalism and intent:

Claims and Promises: CoinEvo presents itself as an international trading platform offering forex, CFDs, commodities, and shares with “free and direct market access.” However, these claims lack verifiable performance data or client testimonials.
Platform Description: The proprietary WebTrader is marketed as “sophisticated” but is criticized as basic, with limited functionality and no advanced tools, undermining its credibility.
Poor Design: The website lacks metadata and professional design elements, losing credibility and suggesting temporary or low-effort operations.
Accessibility Issues: Some sources note that related domains (e.g., https://coinevo.pro/) are inaccessible, and coinevo.co may redirect or change URLs, a tactic used by scam brokers to evade detection. Assessment: The website’s vague claims, lack of substantive content, and poor design align with scam broker characteristics. The use of multiple domains raises further suspicion of evasive behavior.

9. Regulatory Status ¶

CoinEvo’s regulatory status is a critical factor in assessing its legitimacy:

No Valid License: CoinEvo is not regulated by any major financial authority (e.g., FCA, ASIC, CySEC). Its registration with SVG’s Financial Services Authority (1466 LLC 2021) is irrelevant, as SVG does not oversee forex trading.
Regulatory Warnings:
Italy (CONSOB): Blacklisted CoinEvo for unauthorized financial services (May 16, 2022).
Belgium (FSMA): Issued a warning against CoinEvo for scam activities.
Slovenia (A-TVP): Added CoinEvo to its fraudulent domain list.
Spain (CNMV): Warned against CoinEvo’s operations.
Implications: Unregulated brokers like CoinEvo operate without oversight, client fund segregation, or compensation schemes (e.g., €20,000 in Cyprus, £85,000 in the UK), leaving users vulnerable to fraud. Assessment: CoinEvo’s lack of regulation and multiple warnings from reputable authorities confirm it operates illegally in several jurisdictions, posing a severe risk to users.

10. User Precautions ¶

To protect against potential scams when dealing with brokers like CoinEvo, users should:

Verify Regulation: Only trade with brokers licensed by Tier-1 regulators (e.g., FCA, ASIC, CySEC). Check regulator websites for authorization.
Conduct Due Diligence: Research reviews on platforms like Trustpilot, Scamadviser, and WikiFX. Avoid brokers with consistent withdrawal complaints.
Test Withdrawals: Deposit small amounts initially and attempt withdrawals to verify reliability before committing larger sums.
Avoid Cryptocurrency Payments: Crypto transactions are irreversible, making recovery difficult. Use credit/debit cards for chargeback options (within 540 days for Visa/Mastercard).
Beware of Bonuses: Avoid brokers with high-turnover bonus requirements, as these trap funds.
Secure Accounts: Use strong passwords and enable two-factor authentication (if available). Avoid sharing account access with unsolicited callers.
Report Scams: If scammed, contact your bank for chargebacks, file complaints with regulators (e.g., CONSOB), and report to recovery specialists like MyChargeBack, but verify their legitimacy.
Check Hosting and WHOIS: Use tools like Scamadviser or WHOIS to verify domain age, ownership, and hosting reputation. Assessment: Users must exercise extreme caution with CoinEvo due to its scam indicators. Following these precautions can minimize financial risk when evaluating any broker.

11. Potential Brand Confusion ¶

CoinEvo’s branding and domain usage raise concerns about potential confusion:

Multiple Domains: CoinEvo operates across domains like coinevo.co, coinevo.com, coinevo.io, coinevo.pro, and coinevo.tech, some of which are inaccessible or redirect. This tactic can confuse users and evade regulatory scrutiny.
Similar Names: The name “CoinEvo” resembles legitimate crypto or trading platforms, potentially exploiting brand familiarity. For example, Coincarp mentions “Coinevo (EVO)” as a tradable asset, which may unrelatedly boost CoinEvo’s perceived legitimacy.
Algorithm Claims: A BrokersView article praises a “Coinevo EVO algorithm” for digital currency, which appears unrelated to the broker but could confuse users into associating CoinEvo with innovative technology.
Offshore Entity: Lilac Group LLC’s generic name and SVG registration may mimic legitimate firms, complicating user verification. Assessment: CoinEvo’s use of multiple domains and a name resembling crypto-related entities risks confusing users, potentially leveraging familiarity with legitimate platforms to attract victims.

12. Overall Conclusion ¶

CoinEvo (https://coinevo.co/) exhibits numerous characteristics of a scam broker:

High-Risk Indicators: Unregulated operations, regulatory warnings (CONSOB, FSMA, A-TVP, CNMV), low trust scores (42.3/100 on Scam Detector), and consistent user complaints about withdrawal issues and aggressive tactics.
Red Flags: Offshore registration (SVG), hidden ownership, poor website design, basic trading platform, high-risk trading conditions (leverage 1:100–1:300, 3-pip spreads), exorbitant fees (10% dormant fee), and predatory bonus policies.
Security and Transparency: Valid SSL but poor website quality, lack of social media presence, and association with suspicious hosting providers undermine credibility.
User Experiences: Negative reviews across Trustpilot, Scamadviser, and other platforms highlight fund loss, frozen accounts, and unresponsive support.
Brand Confusion: Multiple domains and a name resembling crypto platforms may mislead users. Recommendation: Avoid CoinEvo due to its high scam risk. Users should prioritize regulated brokers with transparent operations, low fees, and positive user feedback. If already invested, attempt withdrawals immediately, use chargeback options for card payments, and report to regulators or recovery specialists (after verifying their legitimacy). Critical Note: Always cross-check broker claims against regulatory databases and user reviews. The prevalence of scam brokers like CoinEvo underscores the need for skepticism and thorough research, as even seemingly legitimate platforms can exploit users in unregulated environments.

If you need further analysis (e.g., real-time domain checks, specific social media scans, or recovery options), please let me know!

AI risk analysis - CoinEvo (2025-04-29 17:35:36)