Coine Pro (Coinepro.com) is a Forex brokerage that claims to be “one of Europe’s leading financial institutions specializing in Forex and CFDs trading”. It also claims to fall under Europe’s regulatory body but doesn’t give an address of where in Europe it is located. In the review below, we take an in-depth look at the feat Coine Pro allegedly offers. This review aims to explore the trading platform, listing out aspects like licensing, its leverages, account types, and its withdrawal and deposit methods. It also aims to fact check claims that have been made by Coinepro.com to determine whether it is safe enough to trade with or if it is just one gigantic scam.
Table of Contents
CoinePro Trading Platform
CoinePro claims to be established as a customer-oriented business. Founded by experienced traders with the proper knowledge in risk management, trading, crypto strategies.
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Cryptocurrency, Stock, Indices, Commodities, Shares, Metals, these are few of the assets this broker offers with it custom web platform. They also offer trading signals, and training tools
They offer these following snippets as advantages of trading with them:
- Strong Regulatory
- Fast Execution
- Maximum Value
- Guide & Support
Coine Pro Market Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has three account types.
Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker claims it supports both Visa and MasterCard.
Another thing to keep in mind is that there are also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is Coine Pro Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
In order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Accounts
Free Trial
Projects
SSL
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Coine Pro as they are clearly not a regulated broker. And also because of their shady method for handling transactions.
Coinepro.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.