Toronto Coins has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Toronto Coins is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: toronto-coins.com.
Do not believe the bonus offer from Toronto Coins. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a family member had a good experience and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Good mobile app|API access
Cons: Search feature is basic|No phone support on weekends
Toronto Coins has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Clear documentation|Good mobile app
Cons: No live chat on mobile|Inactivity fee applies after 12 months
The onboarding at Toronto Coins was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Regular updates|Customizable dashboard
Cons: Account statements could be more detailed