CIRO Exposes Finotraze Crypto Scam Over Fake Registration Claims

The Canadian Investment Regulatory Organization (CIRO) has issued an investor alert on Finotraze, a fraudulent cryptocurrency trading platform operating via the website finotraze.ca. The platform has been falsely claiming regulatory legitimacy by misusing CIRO’s logo.

According to CIRO, Finotraze has no affiliation with the organization or its predecessor, the Investment Industry Regulatory Organization of Canada (IIROC). Despite this, the platform falsely advertises itself as “fully compliant with Canadian financial regulations” and “fully licensed under IIROC,” misleading investors into believing it operates under legitimate oversight.

CIRO emphasized that Finotraze’s use of the CIRO logo to imply registration or endorsement is unauthorized and urged investors to exercise caution. 

This alert follows CIRO’s continued efforts to expose unregistered entities making false claims of regulatory affiliation. Recent cases include Dominion Peak, another fraudulent crypto platform, and AnteraCapital 365, which falsely claimed ties to a legitimate CIRO-registered firm.

BrokersView Reminds You

Finotraze displays a promotional alert on its website stating, “Hurry! Finotraze is causing participants' income to skyrocket! Join before the private invite ends!” This type of sensational messaging is a hallmark of fraudulent schemes designed to lure unsuspecting investors.

Do not engage with Finotraze!

If you suspect a website is fraudulent or have fallen victim to a financial scam, you can Submit a Complaint to BrokersView.