Company Information

Get to know Oil Barrels Coin

Oil Barrels Coin promoted a cryptocurrency that it claimed was backed by or pegged to the price of crude oil, promising investors high and stable returns. The company solicited investments from the public, primarily in Europe, through its website and other online channels. However, the operation was never authorized by any financial authority and has been publicly flagged by multiple regulators as an illegal and likely fraudulent investment scheme. The company's website is no longer active.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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Oil Barrels Coin

United Arab Emirates

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.