Heard of Remaxcoinvest.com trading platform? Really want to find more details? Read Remax Coin Vest reviews to know about this broker.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Remax Coin Vest: What is it?
Remax Coin Vest otherwise known as Remaxcoinvest.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
What’s more, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Is Remax Coin Vest Regulation Claim Genuine?
First of, Remax Coin Vest claims regulation in Canada, however, they do not possess a valid license from the Investment Industry Regulatory Organization of Canada (IIROC).
Checking the regulatory’s database revealed that RemaxCoinVest’s questionable business practices, which have garnered the attention of the Ontario Securities Commission (OSC) in Canada. The regulatory authority has issued a public warning, explicitly cautioning against the company. The OSC has affirmed that Remax Coin Vest is an unauthorized entity engaged in fraudulent activities.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Remax Coin Vest Minimum Deposit
As for Remax Coin Vest minimum deposit, it enforces a minimum deposit of $1,000. In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
As for the broker funding methods, Remax Coin Vest supports a variety of payment options, including Bitcoin, Litecoin, Ethereum, Payeer, and Perfect Money.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Remax Coin Vest Trading Software
Remax Coin Vest offers access to a fairly basic web-based trading platform. The broker’s web trader comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Argument Against Remax Coin Vest Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Remaxcoinvest.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Remax Coin Vest appears like a genuine trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, this broker lacks one important indicator which is – it license. Following this, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!