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Canada
1937 (89 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know The CUMIS Group
Company Information
Get to know The CUMIS Group
The CUMIS Group Limited, part of The Co-operators group of companies, has been a key partner to the Canadian credit union system for over 80 years. Its mission is to provide financial security and peace of mind to credit union members across Canada. CUMIS offers a wide range of insurance products, including life, disability, critical illness, home, auto, and travel insurance, as well as wealth management and retirement planning services, distributed primarily through the credit union network.
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