RemaxCoinVest Review

About RemaxCoinVest

RemaxCoinVest, operating via , offers investment plans and cryptocurrency-related services. There is no evidence of any regulatory authorization or license, nor details of registration, jurisdiction, or regulatory oversight. The Ontario Securities Commission (OSC) issued a public investor warning dated September 1, 2023, stating that RemaxCoinVest is not registered in Ontario to trade in securities and is providing financial services without authorization. The company uses the address 1041 Birchmount Road, Toronto, Ontario, though the legitimacy of this address and its connection to a registered entity is unverified.

The platform lacks information commonly provided by legitimate brokers, such as regulation, trading instruments, platforms, account types, minimum deposit, leverage, spreads, swap-free or Islamic account options, negative balance protection (NBP), hedging/scalping/EA policies, or commission structures. Theforexreview.com reports a minimum deposit of US$1,000 mentioned on the site, with no specifics on spreads, leverage, trading platforms, or instruments.

Multiple independent sources characterize RemaxCoinVest as high-risk or untrustworthy. BrokersView labels it as operating without regulation and considers it a scam following the OSC warning. Similarly, ForexBrokerz notes the absence of regulation, lack of IIROC licensing, and warns investors of unauthorized activities.

Pros and cons

Cons

• No regulatory authorization or licensing; OSC warning specifying unauthorized activity with no registration number or legal backing.
• No disclosure of core trading or account information (e.g., instruments, platforms, spreads, leverage, deposit/withdrawal terms).
• Presents high-risk investment programs without transparency; minimum deposit appears high (US$1,000) but other terms unspecified.