Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
10/10 · CriticalNo licence anywhere while taking deposits, and named on the Central Bank of Russia warning list as an illegal securities operator.
Identity & transparency
9/10 · CriticalNo legal entity disclosed on the site, anonymous free-Gmail registrant, and only an offshore Saint Lucia shell with no verifiable office or management.
Withdrawals & conduct
4/10 · ModerateAggregators cite negative feedback and withdrawal concerns, but we found no checkable pattern of specific victims with amounts and dates, so the fund-integrity pattern is unconfirmed.
Reputation
7/10 · HighBottom-tier trust scores, a possible-malware flag, and multiple review sites calling it a scam, though without a large multi-platform transactional complaint set.
Website claims
5/10 · ModerateThe site makes no false licence claim, but promotes 125x leverage crypto futures and rests its legitimacy implicitly on a meaningless offshore registration.
Operational history
4/10 · ModerateDomain and records date to 2023, roughly three years; the operating entity could not be dated on a registry, so this is an upper bound.
Who they are
A quick desk file on the company behind the brand.
- Brand: Coinoverse
- Legal entity: Coinoverse Trading Ltd (appears in third-party records; the website itself discloses no legal entity)
- Registered: The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia (per third-party records and domain registrant data)
- Website: coinoverse.com, with a client login area at panel.coinoverse.com
- Only licence: none. No regulator, licence number or verification link appears anywhere.
- Offers: crypto spot (300+ pairs), crypto futures up to 125x leverage, forex, metals, MetaTrader 5
- Not accepted: United States, United Kingdom, Malaysia, Ontario (Canada)
- Age claim: none stated on the site. The domain and company records date to 2023.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
We reached this verdict from primary evidence, not opinion.
- We checked the Central Bank of Russia warning list on 23 August 2026. It contains exactly one match for this operator: COINOVERSE.COM, website coinoverse.com, flagged as showing signs of an illegal professional securities-market participant and added on 2 November 2024. A national regulator naming this exact domain is the single strongest signal in this report.
- We read the company's own website and terms. It claims no licence and names no regulator. An operator that takes client deposits for leveraged crypto and forex trading, from customers worldwide, with no authorisation of any kind, gives clients no legal protection.
- Its only corporate footing is a Saint Lucia registration. Saint Lucia does not license or supervise forex or securities dealing, so that registration is not financial regulation and does nothing to protect deposits.
- The operation is anonymous. The domain was registered through a free Gmail address tied to an individual, not a corporate contact, which is unusual for a firm asking the public to send it money.
- Independent trust and broker-review checks rate it at the bottom, cite mostly negative user feedback, and one flags the site for possible malware.
This is one hard regulator finding supported by several strong ones. We stop short of a fully confirmed scam because we did not find a documented, checkable pattern of specific victims losing money with amounts and dates. The warning-list hit plus the total absence of regulation is enough for a likely-scam call.
Note on operating history: the 3.5-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Central Bank of Russia warning list contains one entry, COINOVERSE.COM (website coinoverse.com), flagged as showing signs of an illegal professional securities-market participant, added 2 November 2024.
Hard proofCentral Bank of Russia warning listE2The broker's own website and terms name no regulator and no licence number, yet it accepts deposits for leveraged crypto and forex trading from a global audience. It is an unregulated deposit-taking operation.
StrongCoinoverse websiteE3Its only corporate footing is a Saint Lucia registration; Saint Lucia does not license or supervise forex or securities dealing, so it is not financial regulation.
E4The coinoverse.com domain was registered on 6 March 2023 through Squarespace Domains and fronted by Cloudflare, with the registrant an individual using a free Gmail address rather than a corporate contact.
ModerateVerisign RDAP and ScamadviserE5An independent trust check scores coinoverse.com at the bottom (0 of 100), reports mostly negative reviews, and flags the site for possible malware.
ModerateScamadviserE6The terms restrict the United States, United Kingdom, Malaysia and Ontario while the platform markets 125x leverage crypto futures, forex and MT5 globally, a solicitation footprint with no matching licence.
ModerateCoinoverse terms and conditions
The other side
The strongest case in this broker’s favour.
In fairness, here is the case for the other side and why it does not hold.
- It could be a genuine small offshore crypto exchange. But a real exchange handling client money normally holds at least one registration or money-services licence and names it. This one names none.
- The Saint Lucia registration might be read as a sign of a real company. It is not financial regulation, and Saint Lucia does not authorise this activity, so it adds nothing to client safety.
- The negative reviews could be competitor noise. Even setting all reviews aside, the Central Bank of Russia listing and the complete lack of any licence stand on their own.
- A regulator warning could be a name collision with a different firm. It is not: the Bank of Russia entry names the exact domain, coinoverse.com, the same domain we investigated.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if the facts changed.
- The company obtaining and publishing a genuine licence from a recognised financial regulator, verifiable on that regulator's own register.
- The Central Bank of Russia removing coinoverse.com from its warning list.
- Clear, disclosed corporate identity: a named entity, a real verifiable office, and named, accountable management.
- A track record of customers confirming they could deposit and withdraw normally over time, on independent platforms.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is Coinoverse a scam?
We rate Coinoverse a likely scam. It holds no financial licence and Russia's central bank has placed its domain on a warning list of illegal financial operators. Depositing money carries a high risk of loss.
Is Coinoverse regulated?
No. It names no regulator and no licence number on its website. Its only corporate footing is a Saint Lucia registration, which is not financial regulation and does not protect client funds.
Can I withdraw my money from Coinoverse?
There is no regulator or protection scheme to help you if withdrawals are refused. If you hold a balance, attempt to withdraw it now and stop depositing.
Is my money safe with Coinoverse?
No. Funds sent to an unregulated, anonymous offshore operator are not protected by any compensation scheme and there is no supervisor to appeal to.
Who owns Coinoverse?
Ownership is not disclosed on the site. The domain was registered through a free Gmail address linked to an individual, and no verifiable company officers or office are published.
How old is Coinoverse?
The website domain was registered in March 2023 and records point to a 2023 start, so the operation is only a few years old at most.
What is a Saint Lucia registration worth for a broker?
Very little. Saint Lucia does not license or supervise forex or securities dealing, so a Saint Lucia company registration is not a trading licence and gives clients no protection.
Why is Coinoverse on the Central Bank of Russia list?
The Bank of Russia added coinoverse.com on 2 November 2024, flagging it as showing signs of an illegal professional securities-market participant, meaning it operates without the required authorisation.
Is Coinoverse a clone of another broker?
No. It trades under its own name and does not appear to impersonate a specific regulated firm. The problem is that it is unregulated, not that it copies someone else.
What should I check before depositing with any broker?
Confirm a real licence on the regulator's own register, a named legal entity and verifiable address, and independent evidence that customers can withdraw. Coinoverse fails all three.
What do I do if I was scammed by Coinoverse?
Save every record, report to your national financial regulator and police, and ask your bank or card provider about a chargeback. Do not pay anyone who promises to recover your funds for an upfront fee.
What we recommend
The practical takeaway from everything above.
Our advice to anyone considering this platform:
- Do not deposit money. There is no regulator standing behind it and no legal route to recover funds.
- If you already have a balance, try to withdraw it now and stop adding funds.
- Be very wary of anyone who later offers to recover your money for an upfront fee. That is a common follow-up scam.
- If you have lost money, keep all records (transfers, chats, wallet addresses) and report to your national financial regulator and police.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 23, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.