Coinivate is suspected to be a fraudulent broker, which is why we have created the Coinivate Review to alert those seeking a trustworthy FX broker. It is crucial to raise awareness among investors and traders regarding the legitimacy of all types of brokers, regulated forex brokers, forex trading platforms, Forex brokers, crypto brokers, and others. In this Coinivate review, we will talk about the reasons why Coinivate is listed among the fraudulent brokers 2024 list by Fraud Complaints and guide how victims of Coinivate can reclaim their lost funds.
Basic Details for Coinivate
Website: http://coinivate.net/
Website Availability: NO
Official Address: Espalande de Pont-Rouge 9, 1212 Grand-Lancy
Regulation: Unregulated
Warned By:
- Swiss Financial Market Supervisory Authority (Switzerland)
- Alberta Securities Commission (Alberta)
- Ontario Securities Commission (Ontario)
- Autorité des marchés financiers (Quebec)
Domain Status:
Facts that determine Coinivate is a scam broker.
Coinivate is an unregulated broker previously operating at http://coinivate.net/, a site that is no longer available. The company claimed to be based at Espalande de Pont-Rouge 9, 1212 Grand-Lancy, but it has been flagged by multiple financial authorities for fraudulent activities. Coinivate has been officially warned by the Swiss Financial Market Supervisory Authority (Switzerland), Alberta Securities Commission (Alberta), Ontario Securities Commission (Ontario), and Autorité des marchés financiers (Quebec). The website’s domain, registered in November 2022, is set to expire in November 2024, though it was updated in March 2024, potentially indicating ongoing suspicious activity.
A checklist to help you decide if a broker is reputable or fraudulent
There are a number of important things to take into account while assessing a broker’s credibility, such as Coinivate. To help you decide, have a look at this summary. Verify whether Coinivate demonstrates any or all of the traits listed below, as they indicate that Coinivate is a fraud.
Regulatory Status and Warnings
The first thing to do is to determine if the platform is registered with the appropriate financial regulatory bodies. Authorities like the ASIC in Australia, the FCA in the UK, the SEC in the US, or comparable agencies in other nations usually oversee legit crypto investment sites and forex brokers list. These authorities ensure the platform works openly and protect investors by following regulations. An important warning indication is when regulations are unclear or nonexistent.
If a broker has received warnings from regulatory bodies, it is a significant matter of concern and should prompt further investigation before engaging with the platform. Check the Coinivate regulatory status to confirm its compliance with these standards.
Negative Coinivate Reviews and Feedback
Look into any Coinivate complaints or unfavorable Coinivate reviews that Coinivate may have received recently, since these may point to possible problems or worries raised by other users. Reviewers should use caution when reading too positive comments, as they could include inaccurate or misleading information. We found several unfavorable evaluations regarding Coinivate, which strongly implies that this broker has deceived a large number of customers.
Transparency and Information
Any reputable trading platform, including cryptocurrency trading ones, should offer comprehensive and clear details regarding its terms of trade, fees, services, and related dangers. Make that Coinivate discloses all relevant information concerning its ownership, business practices, and financial disclosures. The platform may be fraudulent if it offers excessively large profits with little risk, or if it is evasive about who owns it and how it operates. Prior to investing, make sure you have read the fine print and comprehend all of the terms and conditions.
Withdrawal Issues
Check for any reported issues or delays with Coinivate withdrawal issues. Reputable trading platforms handle withdrawals quickly and without undue waiting times. It is a serious warning flag if customers often report issues with money withdrawal, such as prolonged processing periods, excessive costs, or complete denial of withdrawal requests. Before investing bigger sums of money, always try the withdrawal procedure with a smaller amount.
How to Claim a Refund from Coinivate?
If you have sought but failed to recover your money from Coinivate scam, gather your supporting proof. Keep copies of every correspondence as proof of your payment demands. If they halt or refuse, initiate the chargeback process immediately. Inform the bank about Coinivate’s suspicious business practices and absence of Coinivate license.
Because of the inability to charge back, wire transfers are a tough means to recover money. Making a complaint and contacting the authorities are the most effective strategies to escalate the problem. This strategy frequently leads to the reevaluation of refund decisions. If you do not receive your money back , file a detailed fraudulent report and email it to the company, stating that you will send it again. Please contact fraud complaints if you need any assistance for Coinivate refund.
Coinivate Review – Conclusion
Based on many factors explained above we have finally concluded that Coinivate is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to Coinivate fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from Coinivate.
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Note: The Coinivate review is influenced by some existing reviews online and we have created original review based on known facts. We are not responsible for any legal actions taken by any entity favoring Coinivate company.