TRADING COAST Forex Broker

Note: TRADING COAST's official website: https://www.trading-coast.com is currently inaccessible normally.TRADING COAST Review SummaryFounded2022Registered Country/RegionUnited KingdomRegulationNot regulatedMarket InstrumentsForex, commodities, indeciesDemo Account❌LeverageFixed at 1:200SpreadFrom 0.5 pipsTrading PlatformWeb based platform, Trading-Coast TerminalMin Deposit$250Customer SupportPhone: +442030977333Email: 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 ConsPros Cons Multiple trading choicesNo Legal regulationTight spreadsNo info on trading feesUnavailable websiteLack of transparencyNo demo accountsNo reliable trading platformHigh minimum depositIs 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 PlatformSupported Available Devices MT5❌/MT4❌/cTrader❌/Proprietary platform✔Desktop, webDeposit 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.