The OSC issued a warning against Coinivate On July 18, 2023, the Ontario Securities Commission (OSC) issued a warning against Coinivate, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/coinivate
Coinivate
VisitRisk Level - High
Coinivate
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that Coinivate is an unregulated broker Coinivate fails to disclose its regulatory information and licensing data, which can be considered a scam indicator, as legitimate brokers always prominently display their accreditation and licenses.Furthermore, the Ontario Securities Commission (OSC) has issued a warning against Coinivate, stating that this broker is not registered in Ontario to engage in the business of trading in securities.In essence, Coinivate is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
The FINMA issued a Warning against Coinivate On 17 October 2023, Swiss Financial Market Supervisory (FINMA) issued a warning that Coinivate was providing financial services or products in the UK without authorisation. You may visit: https://www.finma.ch/en/finma-public/warning-list/coinivate/
BrokersView has identified that Coinivate's website is currently offline BrokersView found that the domain "https://www.coinivate.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
Swap free? :) An unlicensed broker warned by a financial watchdog, Coinivate is not a safe choice for investment. As such, we strongly suggest you avoid this fraudulent platform.Legitimate brokers always prominently display their accreditation and licenses. However, Coinivate fails to disclose such information. This is a significant scam indicator.What's more, the Ontario Securities Commission (OSC) has flagged Coinivate. This Ontario financial authority has issued a warning, stating that this broker is not registered in Ontario to engage in the business of trading in securities.In conclusion, investors are advised against trading with Coinivate. Once their money and personal information are held by this platform, there are no rules in place to safeguard them. Therefore, to mitigate such risks, we strongly suggest investors steer clear of unlicensed brokers like Coinivate and instead choose a fully regulated one. View Source
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