Coinvest (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Coinvest (Imposter) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Dividend tracking|Great customer service|Comprehensive tools|Smooth onboarding
Cons: Withdrawal takes 1-2 business days|Cannot customize dashboard fully
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Coinvest (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
Tried to withdraw my funds from Coinvest (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns
I experienced a security concern with my Coinvest (Imposter) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Multi-device support|Dividend tracking|Market news feed|Quick verification
Cons: Live chat only during business hours
The hidden fees at Coinvest (Imposter) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Clear documentation|Competitive fees|Personal attention|Easy withdrawals
Cons: Mobile app could be improved|Limited ETF selection
I lost a significant amount because Coinvest (Imposter) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Market news feed|Social trading features|Easy to use platform
Cons: Desktop app not available on Linux
If you are reading this considering Coinvest (Imposter) - run. I wish I had read more negative reviews after a friend recommended them. I thought the positive ones were real. Maybe some are. My experience over since I retired last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Regular platform improvements|Social trading features
Cons: Alert system is basic
Opened my account with Coinvest (Imposter) after reading several online reviews and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multi-device support|Personal attention
Cons: Minor UI glitches occasionally