Coinsoft Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-31 14:53

Abstract：Coinsoft presents itself as a hedge fund oriented exclusively on serving corporate clients, based in Saint Vincent and the Grenadines and founded in 1994, providing its clients with a web-based trading platform, over 200 tradable assets with leverage up to 1:400 and variable spreads, as well as a choice of seven different account types.

Coinsoft Review Summary
Founded	1994
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Currencies, commodities, stocks and indices, etc.
Demo Account	Available
Leverage	Up to 1:400
Spread	From 1.5 pip
Trading Platform	A web-based paltform
Min Deposit	$250
Customer Support	Email: support@coinsoft.ioPhone: +442030975412, +442030975413

Coinsoft Information

　　Coinsoft is a hedge fund dedicated to corporate clients, headquartered in Saint Vincent and the Grenadines, founded in 1994, offering clients a web-based trading platform with over 200 tradable assets, leverage up to 1:400 and variable spreads, and seven different account types to choose from.

Pros and Cons

Pros	Cons
a variety of instruments provided	Unregulated state
Seven types of live accounts	Inaccessible official website
Available Demo account	Unclear information of fees

Is Coinsoft Legit?

　　Coinsoft right now is not under any effective regulation of financial institutions.

What Can I Trade on Coinsoft?

　　Coinsoft offers more than 200 financial market trading instruments, including currencies, commodities, stocks and indices.

Tradable Instruments	Supported
Commodities	✔
Currencies	✔
Indices	✔
Stocks	✔
Futures	❌

Account Types

　　First of all, a demo account is available.

　　In addition to demo accounts, Coinsoft also offers seven live trading accounts, namely Basic, Bronze, Silver, Gold, Platinum, Diamond and Black. The minimum deposit for opening a basic account is $250, while the minimum initial capital requirements for the other six accounts are $1,000, $3,000, $7,000, $15,000, $25,000 and $50,000+. The maximum deposits for the first six types of accounts are $1,000, $3,000, $7,000, $15,000, $25,000, and $50,000, with no limit for black accounts.

	Basic Account	Bronze Account	Silver account	Gold account	Platinum account	Diamond account	Black account
Minimum Deposit	$250	$1,000	$3,000	$7,000	$15,000	$25,000	$50,000+
Maximum Deposit	$1,000	$3,000	$7,000	$15,000	$25,000	$50,000+	no limit

Leverage

　　Coinsoft offers leverage ratios ranging from 1:100 to 1:400.

Coinsoft Fees

　　The spread of major currencies against EUR/USD appears to be no less than 1.5 points.

Trading Platform

　　A web-based platform is given by Coinsoft to serve for clients.

Trading Platform	Supported	Available Devices	Suitable for
A web-based platform	✔	Website-based devices	Investors of all experience levels

Deposit and Withdrawal

　　Coinsoft users can make deposits and withdrawals through Wire Transfer, MasterCard, VISA, Skrill and Maestro. There is a minimum deposit of $250 and a minimum withdrawal of $50, with a flat fee of $30 per withdrawal.

　　In addition, traders holding different account types can enjoy different free withdrawal times. For example, the first withdrawal is free for a copper account, 5 free withdrawals for a silver account, 10 free withdrawals for a gold account, and unlimited free withdrawals for a platinum or diamond or black account.