CoinUnited.io - Is It a Good Broker for Beginners? - WikiFX

CoinUnited.io Information

CoinUnited.io was founded in 2020 in the United Kingdom. It offers various trading assets, including cryptos, stocks, indices, forex and commodities. Besides, its leverage is up to 2000X. However, it is not regulated.

Pros and Cons

Is CoinUnited.io Legit?

The prerequisite of measuring the safety of a broker is to see if it is formally regulated.

CoinUnited.io is currently an unregulated broker, which means that clients' funds and trading activities are completely unprotected compared to those regulated well. Even the local Financial Conduct Authority (FCA) shows nothing about it.

What Can I Trade on CoinUnited.io?

Leverage

CoinUnited.io's leverage is up to 2000X. High leverage always comes with high returns and loss.

Spreads

There is a small spread needed to be charged per trade.

Trading Platform

Deposit and Withdrawal