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TRADING COAST -

Score

1.45 /10
Danger

TRADING COAST

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://www.trading-coast.com

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Score

Regulatory Index0.00

Business Index6.53

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

TRADING COAST LIMITED

Company Abbreviation

TRADING COAST

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TRADING COAST · Company summary

Note: TRADING COAST's official website: https://www.trading-coast.com is currently inaccessible normally.

TRADING COAST Review Summary
Founded2022
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, commodities, indecies
Demo Account❌
LeverageFixed at 1:200
SpreadFrom 0.5 pips
Trading PlatformWeb based platform, Trading-Coast Terminal
Min Deposit$250
Customer SupportPhone: +442030977333
Email: support@tradingcoast.net

Founded in the United Kingdom in 2022, TRADING COAST is a broker that lacks a legal regulatory license. The broker offers three types of market instruments, with a minimum deposit set at $250 and a fixed leverage of 1:200. However, since TRADING COAST's website is inaccessible, specific details concerning its market instrument types and trading fees are currently unavailable.

Pros and Cons

Pros Cons
Multiple trading choicesNo Legal regulation
Tight spreadsNo info on trading fees
Unavailable website
Lack of transparency
No demo accounts
No reliable trading platform
High minimum deposit

Is TRADING COASTLegit?

TRADING COAST may be a clone firm and lacks any legal regulation. In addition, we visited the website of the UK regulatory agency, the Financial Conduct Authority (FCA), but did not find any results regarding TRADING COAST. If you deposit funds with TRADING COAST, your money will not be safe as it is likely a clone firm and a scam.

No license

What Can I Trade on TRADING COAST?

TRADING COAST claims to offer three types of trading instruments: forex, commodities, and indices. However, trading with such an unregulated offshore broker poses a high risk. Most importantly, there are no guarantees of making any profits with this broker and even worse, you may lose your money at one sitting.

Tradable Instruments Supported
Forex ✔
Commodities✔
Indices✔
Cryptocurrencies❌
Stocks❌
Mutual Fund❌
Futures❌

Leverage

The leverage offered by TRADING COAST is fixed at 1:200, which is relatively high in the industry. Moreover, high leverage poses high risks and you cannot adjust it according to your preferences or funds. Therefore, you are advised to stay away from TRADING COAST and choose a legal regulated broker.

Trading Platform

TRADING COAST claims to provide two trading platforms: one desktop platform and one web-based platform. However, the functionality of these platforms is quite limited. Therefore, you are advised to choose brokers that have legal permission to use reputable platforms such as MT4/5 or cTrader.

Trading PlatformSupported Available Devices
MT5❌/
MT4❌/
cTrader❌/
Proprietary platform✔Desktop, web
Trading Platform

Deposit and Withdrawal

TRADING COAST accepts deposits via credit card and wire transfer. However, both deposits and withdrawals incur fees, and TRADING COAST does not provide a clear amount for these fees. This means that the fee schedule could potentially change at any time without prior notice.

Deposit and Withdrawal

User Reviews

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User comment

4

Comments

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，24239
more than one year
I've had a really frustrating experience with TRADING COAST. The spreads are way too high and I've had to pay more than I expected for every trade. On top of that, their customer service is really unfriendly and unhelpful. It's honestly been a struggle to get any issues resolved with them. Overall, I'm fed up with this platform and I wouldn't recommend it to anyone.
I've had a really frustrating experience with TRADING COAST. The spreads are way too high and I've had to pay more than I expected for every trade. On top of that, their customer service is really unfriendly and unhelpful. It's honestly been a struggle to get any issues resolved with them. Overall, I'm fed up with this platform and I wouldn't recommend it to anyone.
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2023-03-29 09:45
1
0
0
星4748
more than one year
Would not recommend to anyone. Customer service is poor and has not answered any of the questions I asked. They closed my trading account for unknown reason and has not yet refund my deposit.
Would not recommend to anyone. Customer service is poor and has not answered any of the questions I asked. They closed my trading account for unknown reason and has not yet refund my deposit.
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2023-03-07 11:42
1
0
0