Want to Trade with MEK Global Limited? Read This First!
MEK Global goes by more than one name. It is also called Phoenix.pte.Ltd and both together are known as KuCoin. This broker, which has questionable licensing, has faced legal action and a fine from the OSC, the Ontario Securities Commission. They violated financial rules and regulations by offering certain crypto assets which fall under the heading of securities according to Ontario law.
Is MEK Global Limited a Scam or Legitimate?
MEK Global was fined several million Canadian dollars for offering crypto securities without a license. This is a serious violation of financial rules. We wouldn’t trust any broker that openly flaunts regulations. It’s important to remember that crypto assets aren’t completely unregulated. Second, it’s best to work only under the oversight of regulators who can provide consumer protection. Without a regulator, there is little recourse if you’ve lost money to a scam. That is where our professionals can help you.
We Found Problems with MEK Global Limited:
- No license
- Fined by the OSC
- Negative reviews
- No transparency.
What You Should Do If You Have an Account with MEK Global Limited?
You should close your account with MEK Global Limited immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!