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Coin Wealth
On May 5, 2025, the Ontario Securities Commission (OSC) issued a warning against Coin Wealth, 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/coin-wealth
On May 5, 2025, the Ontario Securities Commission (OSC) issued a warning against Coin Wealth, 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/coin-wealthCoin Wealth attempts to create the illusion of legitimacy by falsely claiming to be regulated or authorized. In the footer of its website, it displays two links leading to fabricated certificates—one from FISEU and the other from FINAEU. Both entities are fake authorities that have been flagged by major financial regulators for their deceptive practices.
Additionally, the Ontario Securities Commission (OSC) has issued an official warning against Coin Wealth, confirming that the broker is not registered in Ontario and is unauthorized to engage in the business of trading securities.
In essence, Coin Wealth is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Coin Wealth appears to be a scam.
Coin Wealth attempts to create the illusion of legitimacy by falsely claiming to be regulated or authorized. In the footer of its website, it displays two links leading to fabricated certificates—one from FISEU and the other from FINAEU. Both entities are fake authorities that have been flagged by major financial regulators for their deceptive practices. Additionally, the Ontario Securities Commission (OSC) has issued an official warning against Coin Wealth, confirming that the broker is not registered in Ontario and is unauthorized to engage in the business of trading securities. In essence, Coin Wealth is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Coin Wealth appears to be a scam.
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