Coinsoft-Overview of Minimum Deposit, Leverage, Spreads

Coinsoft Information

Coinsoft is a hedge fund dedicated to corporate clients, headquartered in Saint Vincent and the Grenadines, founded in 1994, offering clients a web-based trading platform with over 200 tradable assets, leverage up to 1:400 and variable spreads, and seven different account types to choose from.

Pros and Cons

Is Coinsoft Legit?

Coinsoft right now is not under any effective regulation of financial institutions.

What Can I Trade on Coinsoft?

Coinsoft offers more than 200 financial market trading instruments, including currencies, commodities, stocks and indices.

Account Types

First of all, a demo account is available.

In addition to demo accounts, Coinsoft also offers seven live trading accounts, namely Basic, Bronze, Silver, Gold, Platinum, Diamond and Black. The minimum deposit for opening a basic account is $250, while the minimum initial capital requirements for the other six accounts are $1,000, $3,000, $7,000, $15,000, $25,000 and $50,000+. The maximum deposits for the first six types of accounts are $1,000, $3,000, $7,000, $15,000, $25,000, and $50,000, with no limit for black accounts.

Leverage

Coinsoft offers leverage ratios ranging from 1:100 to 1:400.

Coinsoft Fees

The spread of major currencies against EUR/USD appears to be no less than 1.5 points.

Trading Platform

A web-based platform is given by Coinsoft to serve for clients.

Deposit and Withdrawal

Coinsoft users can make deposits and withdrawals through Wire Transfer, MasterCard, VISA, Skrill and Maestro. There is a minimum deposit of $250 and a minimum withdrawal of $50, with a flat fee of $30 per withdrawal.

In addition, traders holding different account types can enjoy different free withdrawal times. For example, the first withdrawal is free for a copper account, 5 free withdrawals for a silver account, 10 free withdrawals for a gold account, and unlimited free withdrawals for a platinum or diamond or black account.