Sincona Account Type

Sincona Trading AG offers a limited scope of trading options primarily focused on collectibles such as coins, medals, bullion, and banknotes. Unlike traditional brokers that provide access to stocks, forex, and other financial instruments, Sincona specializes in auctioning rare and valuable items. As such, the accounts available are not categorized in the typical manner seen in conventional brokerage firms. There are no demo accounts available, and the company operates without valid regulatory licenses, which raises concerns about its legitimacy and security.

Sincona Broker Account Opening Process

Opening an account with Sincona involves several steps, though specific details about the process are not extensively documented due to the nature of their business. Heres a general outline based on common practices in the industry:

• Visit the Website: Go to Sincona's official website to gather information about their services and auction offerings.

• Contact Customer Service: Reach out via their customer service email (info@sincona.com) or call +41 44 215 10 90 for inquiries about account opening procedures and requirements.

• Provide Personal Information: You may need to submit personal identification information, including your name, address, and contact details, to comply with any necessary regulations.

• Fund Your Account: Once your account is set up, you will need to add funds to participate in auctions. The specifics of funding methods are not detailed, so it is advisable to confirm with customer service.

• Participate in Auctions: After funding your account, you can start bidding on available items in their auctions.

Note: Due to the lack of regulation and a low score on risk management, potential clients should exercise caution and thoroughly consider the risks before engaging with Sincona Trading AG.