ANSWER An unlicensed broker warned by a financial watchdog, Coinivate is not a safe choice for investment. As such, we strongly suggest you avoid this fraudulent platform.Legitimate brokers always prominently display their accreditation and licenses. However, Coinivate fails to disclose such information. This is a significant scam indicator.What's more, the Ontario Securities Commission (OSC) has flagged Coinivate. This Ontario financial authority has issued a warning, stating that this broker is not registered in Ontario to engage in the business of trading in securities.In conclusion, investors are advised against trading with Coinivate. Once their money and personal information are held by this platform, there are no rules in place to safeguard them. Therefore, to mitigate such risks, we strongly suggest investors steer clear of unlicensed brokers like Coinivate and instead choose a fully regulated one.
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