Coinvias has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at Coinvias is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a few weeks now of dealing with this, I have had enough.
Pros: Transparent fees|Excellent charting|Fast execution|Great customer service
Cons: Slow to add new assets|Charting tools need more indicators
I wanted to transfer my portfolio from another broker to Coinvias. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Excellent charting|Professional team|Fast support response|Multi-device support
Cons: Limited cryptocurrency options|Mobile app could be improved
The hidden fees at Coinvias 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: Customizable dashboard|Easy withdrawals|Regular updates|Reliable uptime
Cons: Account statements could be more detailed