Coincall Forex Broker provides real users with * positive reviews, 1 neutral reviews and * exposure review!
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SCAM. They call every day and show on a fake platform that they are growing your money then try to get you to buy a large sum of money and stop talking to you. When you want to get money out they go missing...
Coincall has emerged as a notable player in the crypto trading arena, particularly focusing on options and futures trading. This review synthesizes various online sources to provide a comprehensive overview of the platform, highlighting its strengths and weaknesses. Overall, Coincall is praised for its user-friendly interface and innovative trading tools, yet it faces scrutiny regarding its regulatory status and user experiences.
Note: It is crucial to consider that Coincall operates under different entities across regions, which may impact user experiences and regulatory compliance. This review aims for fairness and accuracy based on the information available.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 7 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 8 |
| Trustworthiness | 4 |
| User Experience | 6 |
We score brokers based on user feedback, expert opinions, and factual data.
Coincall was established in 2023 and focuses on providing a centralized cryptocurrency trading platform that specializes in options, futures, and spot trading. The platform is designed to cater to both novice and experienced traders, offering a user-friendly interface that simplifies complex trading instruments. Coincall supports a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and various altcoins. However, it currently lacks a robust regulatory framework, as it is registered in Saint Vincent and the Grenadines, raising concerns about its trustworthiness.
Regulatory Status and Geographic Availability:
Coincall operates without significant regulatory oversight, which is a red flag for potential users. As reported, the platform is registered in Saint Vincent and the Grenadines, a region known for less stringent regulatory requirements. This lack of regulation could expose traders to higher risks, particularly concerning the security of their funds. Additionally, users from the United States, Canada, and several other regions are restricted from accessing the platform due to regulatory constraints.
Deposit/Withdrawal Options and Minimum Deposit:
Deposits on Coincall are exclusively in cryptocurrencies, with at least 30 major tokens accepted. Users can trade options only in USDT, which can be obtained by converting other cryptocurrencies on the platform. The minimum deposit requirement is set at $250 for a micro account, which is relatively standard in the industry. However, users should be aware of potential withdrawal fees and limits, especially if they are not KYC-verified.
Bonuses and Promotions:
Coincall offers various bonuses and referral programs to attract new users. These include sign-up bonuses for new accounts and rewards for referring friends. However, the specifics of these promotions are not always clear, and users are advised to read the terms carefully.
Asset Classes and Costs:
The platform supports a variety of trading instruments, including options, futures, and spot trading. The fees are competitive, with options trading fees ranging from 0.02% to 0.08% depending on the asset type. Spot trading fees are also reasonable, with a flat fee of 0.1%. However, the lack of fiat trading options may deter some users.
Leverage and Trading Platforms:
Coincall offers leverage of up to 125x on perpetual futures, which can be attractive for experienced traders looking to maximize their positions. The trading interface is built on a proprietary platform that mimics the features of established platforms like TradingView, making it accessible for traders of all skill levels.
Customer Support and Languages:
Customer support at Coincall is available 24/7 via email and Telegram, with a responsive team noted for quick replies. However, the absence of live chat support may be a limitation for some users. The platform supports multiple languages, enhancing accessibility for a global audience.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 7 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 8 |
| Trustworthiness | 4 |
| User Experience | 6 |
Account Conditions: Users have reported mixed experiences with Coincall's account setup, with some appreciating the low minimum deposit but expressing concerns over regulatory issues.
Tools and Resources: The platform provides a solid range of educational resources, particularly beneficial for beginners, although some advanced features are lacking compared to competitors.
Customer Service: While customer support is generally responsive, the lack of live chat may frustrate users seeking immediate assistance.
Trading Setup: Coincall's trading interface is user-friendly, allowing for a smooth trading experience, especially in options trading.
Trustworthiness: The unregulated status of Coincall raises significant concerns. Users are advised to exercise caution, especially when depositing funds.
User Experience: Overall, users find the platform easy to navigate, but experiences vary, particularly regarding withdrawal processes and customer support.
In conclusion, Coincall presents a promising option for crypto options trading, particularly for those familiar with the space. However, potential users should weigh the benefits against the risks associated with its unregulated status and the limitations of its services. As always, conducting thorough research and due diligence is essential before engaging with any trading platform.
