BrokersView has reviewed that Coiken is an unregulated broker 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.

What currency pairs can I trade with Coiken? Coiken is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.Coiken claims to be owned and operated by OS Markets LLC, registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under license number 134LLC2019. While we did find matching records in the SVG FSA registry, traders must bear in mind that the SVG FSA neither issues forex licenses nor regulates entities engaging in such activities. As such, having an SVG FSA registration doesn't mean being authorized and regulated to legally offer investment products or services.Regarding your question, we suggest you avoid dealing with Coiken since it is not supervised by any regulatory body. Using such a non-regulated broker could put you at risk. For example, you may suffer financial losses or identity theft as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from unregulated brokers like Coiken and opt for fully regulated ones instead. View Source