Berniston, also known as Berniston Investments, is a trading platform claiming to provide investment opportunities for users. However, its legitimacy remains the question. The broker is not registered to conduct business in trading securities, the Ontario Securities Commission (OSC) stated a warning against this broker. This serious allegation puts the trust factor and regulatory status of the platform into serious doubt. In this post, we will do a thorough analysis to find out the truth.
Is Berniston Investments Legit?
One of the most important questions investors have been asking is, “Is Berniston Investments legitimate?” The organization is not transparent since it keeps vital information regarding its operations in secret. Its website, www.berniston.com, is not working currently, adding to the suspicions. While www.brniston.com is working, the organization fails to show proper regulatory credentials. There is no transparent office address as well, which is very irresponsible for a financial services firm.
Berniston.com Review Trustpilot and User Feedback
Very low ratings of 2.6 were disclosed for Berniston Investments in a review on Trustpilot, with reviews being quite negative. One user reported a deposit of $54,500 with no response from customer support. Another investor called the platform a scam, warning that this company does not want to give any returns but only wants to take money from people. These complaints indicate that Berniston Investments is very suspicious and maybe even fraudulent.
Is Berniston Investments Regulated?
Regulation is a key factor in determining the credibility of a trading platform. “Is Berniston Investments regulated?” The answer is no. The OSC has clearly stated that Berniston does not have the necessary registration to offer financial services. Public absence from regulatory oversight has left investors without legal protection against fraud and misconduct. This makes Berniston a high-risk investment option.
Warning Signs Highlighted in Berniston Review Trustpilot
Some indications suggest that Berniston aka Berniston Investments is a scam. They hide their identity with paid WHOIS services and that’s a huge red flag. The fact that this platform is rarely used suggests that investors have a high degree of suspicion. Its newness notwithstanding, it has an overwhelming number of reviews, often an index of fake or manipulated reviews.
The negative customer reviews on Trustpilot verify these suspicions. Some customers have complained that they could not withdraw their money, and others complained of deceptive statements regarding investment options. One customer reported that they were forced to use third-party mediation to recover their lost money. These repeated complaints imply that Berniston Investments cannot be trusted.
Final Verdict on Berniston Investments
Given those numerous warning signals of lack of transparency and negative user feedback, it is evident that Berniston Investments is not a trustworthy trading platform. Extreme caution must be exercised when engaging with this broker for any form of investment to keep away from losing hard-earned money. Regulatory and user reviews further prove the point that Berniston Investments could very well be a scam:
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