CoinStats has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". CoinStats found at www.coinstats.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I trusted CoinStats with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: No hidden fees|Multi-device support|Two-factor authentication|Detailed reporting
Cons: Currency conversion fee exists|No phone support on weekends
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
CoinStats locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Multiple order types|Two-factor authentication|Transparent fees
Cons: None so far