Coinsfxtrader

WikiFX | 2024-10-10 13:56

Abstract：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.

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

Coinsfxtrader Review Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	/
Demo Account	❌
Leverage	1:888
EUR/ USD Spread	From 1.2 pips
Trading Platforms	Web platform
Minimum Deposit	$350
Customer Support	Email: support@coinsfxtrader.com

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

Pros	Cons
Various accounts	Unregulated broker
	Inaccessible website
	High minimum deposit and spreads
	Non-functional trading platform

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:

Account Type	Amount (USD)
Gold Luxury Platinum	$1,000,000
VIP Gold Platinum	$750,000
Gold Platinum	$500,000
Silver Platinum	$350,000
VIP Luxury	$150,000
VIP	$75,000
Luxury	$50,000
Premium	$25,000
Executive	$11,500
Pro	$8,000
Classic	$3,500
Starter	$350

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.

Account Type	Spread (pips)
Gold Luxury Platinum	1.2
VIP Gold Platinum
Gold Platinum
Silver Platinum
VIP Luxury
VIP	1.5
Luxury	1.9
Premium	1.2
Executive
Pro
Classic	1.5
Starter	1.9

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.

Contact Options	Details
Phone	❌
Email	support@coinsfxtrader.com
Online Messaging	✔
Online Chat	❌
Social Media	Twitter, Facebook, Instagram, YouTube and Linkedin
Supported Language	English
Website Language	English
Physical Address	Basmead Barns Farm, Moor Road, Greate Staughton, St Neots, Cambridgeshire, PE19 5BJ

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.