TRADING COAST Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 18:11

Abstract：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.

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

TRADING COAST Review Summary
Founded	2022
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, commodities, indecies
Demo Account	❌
Leverage	Fixed at 1:200
Spread	From 0.5 pips
Trading Platform	Web based platform, Trading-Coast Terminal
Min Deposit	$250
Customer Support	Phone: +442030977333
Customer Support	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 choices	No Legal regulation
Tight spreads	No 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.

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

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.