CoinsBanking Forex Broker

Note: CoinsBanking's official website: https://coinsbanking.com is currently inaccessible normal.CoinsBankingReview SummaryFounded2021Registered Country/RegionDominicaRegulationUnregulatedMarket InstrumentsForex, Commodity, Stock, CryptocurrencyDemo Account/LeverageUp to 1:100Spread0.1 pipsTrading PlatformWeb TraderMin Deposit$250Customer SupportPhone: +441218276121Email: info@coinsbanking.comCompany Address: 2021/IBC00025 Address: 8 Copthall, Roseau Valley, 00152 Commonweal CoinsBanking, namely Coinswitch LTD, is an emerging online Forex corporation registered in Dominica. It offers Forex, Commodity, Stock, and Cryptocurrency trading via a web-based trading platform. The minimum deposit to open a live account is $250. Currently, it has no valid regulations.Pros & ConsProsConsNoneLack of regulationUnfunctional websiteNo MT4/5High minimum depositIs CoinsBanking Legit? CoinsBanking operates without regulation. What's more, it is based in Dominica, which is known for its offshore scam brokers. There is no reason CoinsBanking can be a legitimate broker.What Can I Trade on CoinsBanking? The trading list consists of an array of tradable assets, including Cryptocurrencies, Stocks, Forex, and Commodities.Trading AssetAvailableforex✔commodities✔stocks ✔cryptocurrencies✔indices❌bonds❌options❌ETFs❌Account Type It is unclear whether CoinsBanking offer demo accounts or not. The minimum deposit requirement to open a live account is as high as $250, while most other brokers require only $100, or even no threshold.Account TypeMin DepositSilver$250Gold$500Platinum$1,000Leverage CoinsBanking provides access to leverage up to 1:100 to any of its clients. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spreads & Commissions All we know is that this broker is supposedly provides the 0.1 pips, and there is no commissions info referred.Trading Platform CoinsBanking offers a fairly uninteresting web-based trading platform that is inferior to Metatrader 5.Trading PlatformSupported Available Devices Suitable for Web Trader✔Web/MT4❌Desktop, Mobile, WebBeginnersMT5❌Desktop, Mobile, WebExperienced tradersDeposit and Withdrawal CoinsBanking accepts deposits via credit cards. In addition, CoinsBanking charges the withdrawal fee of $30 on any withdrawal that can be justified.