Coinsxfmarket Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-12-20 17:53

Abstract：Coinsxfmarket is allegedly a brokerage company registered in Vanuatu that claims to provide its clients with five different live account types.

　　Note: Coinsxfmarket is to operate via the website - https://coinsxfmarket.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

Feature	Detail
Regulation	No regulation
Market Instrument	N/A
Account Type	Starter, Standard, Pro, Corporate and Elite
Demo Account	N/A
Maximum Leverage	N/A
Spread	N/A
Commission	N/A
Trading Platform	N/A
Minimum Deposit	$300
Deposit & Withdrawal Method	N/A

　　Coinsxfmarket is allegedly a brokerage company registered in Vanuatu that claims to provide its clients with five different live account types.

　　As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, etc.

　　As for regulation, it has been verified that Coinsxfmarket currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.02/10. Please be aware of the risk.

　　Account Types

　　Coinsxfmarket claims to offer five types of trading accounts, namely Starter, Standard, Pro, Corporate and Elite, with minimum initial deposit requirements of $300, $5,000, $10,000, $50,000 and $100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Customer Support

　　Coinsxfmarket‘s customer support can be reached by email: Support@coinsxfmarket.com. Company address: 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

　　Pros & Cons

Pros	Cons
• Multiple account types to choose from	• No regulation
• Multiple account types to choose from	• Website inaccessible

　　Frequently Asked Questions (FAQs)

Q 1:	Is Coinsxfmarket regulated？
A 1:	No. It has been verified that Coinsxfmarket currently has no valid regulation.

Q 2:	What is the minimum deposit for Coinsxfmarket？
A 2:	The minimum initial deposit at Coinsxfmarket to open the most basic account is $300.

Q 3:	Is Coinsxfmarket a good broker for beginners？
A 3:	No. Coinsxfmarket is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit.