Score

1.41 /10
Danger

Coinsfxtrader

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.26

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
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

Single Core

1G

40G

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Broker Information

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Company Name

Coinsfxtrader

Company Abbreviation

Coinsfxtrader

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 : 2024-11-15
  • 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

Pyramid scheme complaint
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Coinsfxtrader · Company summary

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

Coinsfxtrader Review Summary
Founded2023
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market Instruments/
Demo Account
Leverage1:888
EUR/ USD SpreadFrom 1.2 pips
Trading PlatformsWeb platform
Minimum Deposit$350
Customer SupportEmail: 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.

Coinsfxtrader

Pros and Cons

ProsCons
Various accountsUnregulated 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.

No results from the FCA

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 TypeAmount (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 TypeSpread (pips)
Gold Luxury Platinum1.2
VIP Gold Platinum
Gold Platinum
Silver Platinum
VIP Luxury
VIP1.5
Luxury1.9
Premium1.2
Executive
Pro
Classic1.5
Starter1.9

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.

Web-based platform

Deposit and Withdrawal

Coinsfxtrader accepts Bitcoin and bank transfer.

Deposit and Withdrawal

Customer Service

Coinsfxtrader only accepts email to contact.

Contact OptionsDetails
Phone
Emailsupport@coinsfxtrader.com
Online Messaging
Online Chat
Social MediaTwitter, Facebook, Instagram, YouTube and Linkedin
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressBasmead 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.

FAQs

Is Coinsfxtrader safe?

No, because of its unregulated status and inaccessible website.

What security measures does Coinsfxtrader have in place to protect my funds and personal information?

No.

Is Coinsfxtrader a good for beginners?

No. Their trading conditions are not friendly for beginners.

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