Coinsfxtrader

Note: Coinsfxtrader' official website: https://coinsfxtrader.com/ is currently inaccessible normally.

Coinsfxtrader is a forex trading platform founded in 2023 and registered in the United Kingdom. However, the website is currently inaccessible. Customer support is limited to email communication only.

Pros and Cons

Is Coinsfxtrader Legit?

The FCA register, which oversees the regulation of all forex brokers in the UK, showed no entries for Coinsfxtrader. This indicates that Coinsfxtrader is not legally operating within the UK. Besides, their official website is not available.

Account Type

Coinsfxtrader offer all kinds of live accounts: the Gold Luxury Platinum, VIP Gold Platinum, Gold Platinum, Silver Platinum, VIP Luxury, VIP, Luxury, Premium, Executive, Pro, Classic, and Starter accounts. Their minimum deposits are as follows:

Leverage

Coinsfxtrader offers a maximum leverage of 1:888, which indicates that traders can control a position size that is 888 times larger than their initial investment.

Coinsfxtrader Fees

Coinsfxtrader offers different spreads for varying accounts, ranging from 1.9 pips to 1.2 pips. But their spreads are higher than regulated brokers.

Trading Platform

Coinsfxtrader provides a web-based trading platform. Among its various tools, users can access Expert Advisors—algorithms that monitor the market and execute trades—and Virtual Private Servers (VPS) that ensure these EAs continue operating even when your computer is turned off. But due to its inaccessible website, their trading platform is also available.

Deposit and Withdrawal

Coinsfxtrader accepts Bitcoin and bank transfer.

Customer Service

Coinsfxtrader only accepts email to contact.

The Bottom Line

In conclusion, Coinsfxtrader is a trading platform with various account types. However, the lack of regulation and inaccessible websites are the main problems. Besides, they charge a high minimum deposit and spreads.

FAQs

Is Coinsfxtrader safe?

No, because of its unregulated status and inaccessible website.

What security measures does Coinsfxtrader have in place to protect my funds and personal information?

No.

Is Coinsfxtrader a good for beginners?

No. Their trading conditions are not friendly for beginners.