COINIBANK Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-12 16:13

Abstract：COINIBANK was registered in 2020. It offers trading services on forex and CFDs, and it uses its own trading platforms, which are available on both desktop and mobile devices. However, it is not regulated, and certain information related to accounts or trading details is not clear because its subpages cannot be reached.

COINIBANKReview Summary
Founded	2020
Registered Country/Region	China
Regulation	No regulation
Market Instruments	Forex, CFDs on cryptos, stock indices, gold
Demo Account	/
Leverage	/
Spread	/
Trading Platform	Web Trader, Mobile APP
Min Deposit	/
Customer Support	24/5 support - email: support@coinibank.co

　　COINIBANK was registered in 2020. It offers trading services on forex and CFDs, and it uses its own trading platforms, which are available on both desktop and mobile devices. However, it is not regulated, and certain information related to accounts or trading details is not clear because its subpages cannot be reached.

Pros and Cons

Pros	Cons
24/5 customer suppot	Not regulated
Risk management	Not supported by MT4/MT5
	Inaccessible subpages

Is COINIBANK Legit?

　　COINIBANK is not regulated by the financial services regulatory authority in China, which means that the company lacks regulation from its registration site. Moreover, its current status shows that client transferring is prohibited.

Risk Management

　　COINIBANK provides certain tools which can manage trading risks, which may lower risks and protect clients' assets.

What Can I Trade on COINIBANK?

　　COINIBANK provides trading services concerning forex and CFDs on cryptos, stock indices, and gold.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Gold	✔
Stock Indices	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Trading Platform

　　COINIBANK uses its own web trader and mobile APP as its trading platforms.

Trading Platform	Supported	Available Devices	Suitable for
Web Trader	✔	Desktop	/
Mobile APP	✔	Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders