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Score

1.48 /10
Danger

TickTrade

Canada

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ticktradesystems.com

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Regulatory Index0.00

Business Index6.74

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

TickTrade · Company summary

Note: Coin Capital FX's official website: https://coincapitalfx.com/ is currently inaccessible normally.

Coin Capital FXReview Summary
Founded2023
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsCryptocurrencies, forex and stocks
Demo Account❌
Leverage/
Spread/
Trading PlatformWeb
Min Deposit$500
Customer SupportPhone: +1 (307) 364-0491
Email: INFO@COINCAPITALFX.COM

Coin Capital FX Information

Registered in the United Kingdom, Coin Capital FX presents itself as an online forex broker providing a series of trading instruments, such as Forex, Stocks, Cryptocurrency though a web trader. To trade with Coin Capital FX, an initial deposit of $500 is required.

However, as a UK-registered forex broker, Coin Capital FX is not authorized or regulated by FCA or other regulatory authorities. Please be aware of the risk.

Pros and Cons

Pros Cons
Various trading productsNo regulation
Unavailable website
No demo accounts
No MT4/MT5 platform
No contact channels
High minimum deposit requirement

Is Coin Capital FX Legit?

No. It is registered in United Kingdom within 1 year. It has no valid regulations currently. It does not offer guaranteed funds or segregated accounts.

Is Coin Capital FX Legit?

What Can I Trade on Coin Capital FX?

Tradable Instruments Supported
Cryptocurrencies✔
Forex ✔
Stocks ✔
Commodities❌
Indices❌
ETFs❌
Bonds❌

Account Type

Here are three account types Coin Capital FX offers:

Account TypeMin Deposit
Crypto Currency Account$500
Forex Account$1200
Stocks Account$3000

To trade with Coin Capital FX, an initial deposit of $500 is what you need to take if you could bear the risk of trading with an unregulated forex broker. This is five times the amount than what most legit forex brokers require as a start.

Leverage

Coin Capital FX does not elaborate on the leverage ratios they offer. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

What Coin Capital FX offers is not the industry-leading MT4 or MT5 trading platform, a web platform with simple design and some basic charting functionalities.

Deposit and Withdrawal

The minimum deposit is $500 and Coin Capital FX allows its clients to make a deposit and withdrawal through Credit Cards, Bank Wire, and PayPal. However, after signing up with them, we find that deposit can only be done through Bitcoin. Payments through VISA and MasterCard are safer, because they allow chargebacks within 540 days from the date of deposit to those who have fallen victims of an investment scam.

Deposit and Withdrawal

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

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Comments

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international J
more than one year
I think that you need to learn and improve your Forex trading skills every day. This is what a trader needs. Everything else is provided by the broker. I also want to thank the support team for helping me more than once. I have never had a better interaction with a financial firm than this. They were really courteous, effective, and nice.
I think that you need to learn and improve your Forex trading skills every day. This is what a trader needs. Everything else is provided by the broker. I also want to thank the support team for helping me more than once. I have never had a better interaction with a financial firm than this. They were really courteous, effective, and nice.
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2023-03-16 12:07
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涛声依旧13151
more than one year
The company's website looks fine, but wikifx shows that it doesn't have any regulatory information... Security is a matter of principle. I decided not to trade with it.
The company's website looks fine, but wikifx shows that it doesn't have any regulatory information... Security is a matter of principle. I decided not to trade with it.
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2022-12-09 09:58
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