High Risk
Reported as a scam / unregulated
SF-706049registry entry
Why Coiken is on the register
Coiken does not display valid regulatory approval on its website. It was previously claimed to be registered in St. Vincent. However, upon verification, this registration no longer exists, and the St. Vincent and the Grenadines Financial Services Authority (SVG FSA) lacks the authority to regulate forex, thus not constituting a valid forex license. Coiken appears to be unauthorized by any reputable financial regulator, raising serious concerns about potential fraud.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.