Berniston Review

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Berniston Review: Is Berniston Safe or a Scam Broker?

The online financial services company Berniston, also called Berniston Investments, operates via brniston.com and berniston.com. Even though it proclaims to be a “winning broker“, multiple regulatory warnings and bad reviews prove otherwise. This Berniston Review will analyze if Berniston Investments is a safe broker or just another scam.

Lack of Regulation and Investor Warnings

One of Berniston’s most concerning features is that it does not have regulatory approval. The Alberta Securities Commission (ASC) and the Ontario Securities Commission (OSC) state that Berniston is not authorized to trade or offer advice on securities or derivatives in either province. Consequently, there are no investor protections available for those who decide to do business with this broker. It is highly advised that investors avoid doing business with unregistered firms like Berniston.

No Valid License

A legitimate broker must have a valid financial service license to operate legally. However, a close examination of berniston.com and brniston.com does not show the presence of any such license. This creates severe doubts about Berniston Investments and its activities.

Anonymous Ownership and Poor Transparency

A further warning sign is Berniston not being transparent as to its location and ownership. The site offers no information regarding its headquarters so it is not possible to tell where the firm is located. The WHOIS domain registration also uses a paid service to protect its identity, something that dodgy sites usually do to disguise their location.

Trustscore and Website Analysis

With a trust index rating of 1 which signifies a high-risk factor, Berniston’s low rating is attributable to various factors.

• The publisher of the website conceals his identity under WHOIS privacy.
• Low site traffic combined with low online presence.
• The domain was registered only recently, a common characteristic of scam sites.
• Numerous negative reviews across various platforms, including Trustpilot.

Negative Reviews and Investor Complaints

Numerous investors have reported to Trustpilot and other review sites to reveal Berniston as a scam. Here are some alarming experiences shared by victims:

• “Berniston.com platform is a complete scam! These individuals want your money. There’s no investment, only lies.”
• “Berniston and Lexie Irvine, the supposed account manager, conned me out of CAD 13,500. They should go to prison!”
• “This site is a scam! The FCA verified it as a crypto scam. Invest here at your own risk.”

Is Berniston Investment Safe or a Scam Broker?

From the available evidence, Berniston is not a safe broker. Regulatory warnings, transparency issues, low trust ratings, and countless scam allegations all raise to it that Berniston Investments is a scam broker. Hence, investors should stay away from it as far away as possible to avoid possible financial losses.

What to Do If You’ve Been Scammed

If you have been a victim of Berniston or similar scams, an immediate effort to obtain professional assistance is necessary. Visit Crypto Scam Investigation (cryptoscams.com.au) is a leading company providing help to victims of crypto-related scams and, in the same manner, financial scams.

Final Verdict

Berniston is a highly suspicious and unregulated broker. Investors are advised to avoid Berniston at all costs. Investors are warned to avoid Berniston at all costs. Always cross-check a broker’s credentials and confirm whether or not they are registered with legitimate financial authorities before parting with your hard-earned cash.

Also, check some of the scam broker reviews here.

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