The BCSC issued a warning against Coins Capital On June 5, 2023, the British Columbia Securities Commission (BCSC) issued a warning against Coins Capital, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2023/coins-capital
Coins Capital
VisitRisk Level - High
Coins Capital
Risk Level - High
Scam Evidence & Warnings
BrokersView has reviewed that Coins Capital is an unregulated broker Coins Capital claims to be operated by Secoya Ltd., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 26853 BC 2022. However, our search for this company in the SVG FSA register found no matching results. This is a red flag. In addition, the British Columbia Securities Commission (BCSC) has issued a warning against Coins Capital, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.In essence, Coins Capital 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 OSC issues a warning against Coins Capital On September 1, 2023, the Ontario Securities Commission (OSC) issued a warning against Coins Capital, 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/coins-capital
)BrokersView has identified that Coins Capital's website is currently offline BrokersView found that the domain "Coins Capital" 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.
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