Coinepro Broker Rating
CoinePro’s offerings more than suitable because the broker has added a combination of conventional and modern methods for the convenience of their traders. CoinePro provides top notch customer support, a secure and strong trading architecture, full privacy and excellent trading conditions to help every trader succeed in the market.
Trading is not a new concept; it has been around for a very long time, only the medium has changed. It is now possible to trade online, something that wasn’t possible more than a decade ago. Nonetheless, despite moving alone, trading didn’t gain this much popularity as it has done in the last few years. This is due to the addition of a relatively new instrument i.e. cryptocurrency. It has sparked new interest in this market and huge crowds of people are now contemplating the idea of trading in order to earn substantial sums of money quickly.
It is a fact that trading doesn’t require people to have any experience, prior knowledge and has no age restrictions. You just need to be above 18 and can start trading, which means even students can use their savings to earn some money. There is no need for you to have thousands of dollars; you can get started even with a few hundred. While all of this is certainly beneficial, you should remember that in order to start, you do need the services of a broker. Brokerages provide you with the tools and software you need for accessing markets and trading.
So, how do you find a broker? Like everything else, you can find one through a simple Google search. As trading has seen an increase in traders, the number of brokers has also doubled. This means that you can find lots of options to check out when you do a search, but you have to weigh them carefully before you make a decision. Not all brokers can be trusted these days as the trading market is also full of scammers looking to take advantage. If you check the news, you will find names of many brokerage scams mentioned in such incidents.
It is important to check out a broker’s background and their services thoroughly before you trust them with your money and your sensitive information. You cannot just take the broker’s word that they are a legitimate broker; always verify by checking out their services and features. CoinePro is also a brokerage that’s providing its services in the market and if you check it out, you will discover that this broker is one of the top Forex and CFD brokers all over Europe. It has achieved this milestone in a very short period of time and has developed a loyal user-base.
As far as its background is concerned, it should be noted that CoinePro has been established by a team that’s dedicated to delivering the best and most comprehensive experience to traders. They are traders and others who have experience in the market themselves. They have significant knowledge of the crypto space and risk management, which has enabled them to put together a brokerage that provides traders with all they need in one place. Unlike some other brokerages, CoinePro doesn’t believe in limiting its services to a specific class of traders; whether you are a beginner or someone with experience, CoinePro will cater to you.
In fact, the broker has put in a great deal of time and effort into devising features and services that can specifically fulfill the needs and requirements of traders, regardless of their background. It has included resources and tools that can assist each type of trader, according to their needs and can help them maximize the profits from trading so they are able to achieve their goals. Due to this capability, CoinePro has attracted the attention of traders all over the world and they are choosing it over other brokers for launching their trading careers.
But, one of the most important things to know about CoinePro is that it is a fully regulated broker. Unregulated brokers are known to be shady and don’t prioritize safety and security of the traders. Also, they are the ones that are mostly behind the scams that happen because they don’t answer to anyone and can vanish overnight without anyone realizing. The same doesn’t apply to regulated brokers, which are monitored by a third-party organization and have to follow proper rules and guidelines for providing their services. These include rules pertaining to security and privacy as well. Hence, people can have peace of mind when they opt for regulated brokers, which makes CoinePro an excellent option.
Since it is a regulated broker, it maintains the highest standard of services in every regard and ensures that its traders have everything they need to be successful. Some of the broker’s offerings include:
- Massive variety of assets
While some people step into the trading world as a hobby, there are those that have chosen it as a profession. Why? This is because it is a very lucrative and profitable venture that can give excellent returns, as long as you do it right. Even part-timers can earn money because the trading market is huge and diverse, which means there is something available for everyone. The problem is that not every broker is going to offer you access to a great variety. There are some brokers that only specialize in one asset. For instance, some brokers only allow their clients to trade in the Forex market or the crypto market.
The downside here is that you cannot diversify your portfolio and spread out your investments, which can be a big risk. You will be vulnerable to losses and this is something every trader wants to avoid. Keeping this in mind, CoinePro is offering a massive variety of assets to their clientele. The broker has expanded its asset index beyond the standard offerings of others in the market. There are a total of 1,253 instruments available for trading at CoinePro and they belong to different categories. Some of the options that you can find with this broker are:
The first and most prominent asset that you can trade at CoinePro is none other than the forex market. With a daily trading volume of more than $5 trillion, it is a favorite of traders all around the world. At CoinePro, you can trade in the forex market 24/7 and the broker gives you the chance to invest in major and minor currency pairs. If you don’t mind a little volatility and want to take some risks, the broker has also added exotic or rare currency pairs for trading. CoinePro provides various tools that can help in Forex trading and they have attractive spreads as an incentive for traders.
Bitcoin was the first crypto to be introduced in 2009, but this trading instrument has gained immense traction in the last few years. It has attracted the interest of thousands of traders and more and more cryptocurrencies are being introduced these days. Therefore, to ensure their clients can find every asset, CoinePro has added a number of cryptocurrencies to their asset index, which include some popular ones like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash. They also have a crypto volatility index that can provide traders with useful and actionable insights.
One of the oldest forms of trading involved buying and selling shares of public limited companies and it remains one of the biggest markets nowadays. CoinePro has given its clients the opportunity of taking advantage of this market as well. The broker gives access to shares of a number of prominent and renowned companies in different sectors, such as Google, Apple, Amazon, Coca Cola and more. There are different types of instruments in this category like options and futures. Trading these can give regular returns and they can be used as a hedge against inflation.
If you are looking for a less volatile and safe investment option, commodities are the way to go. At CoinePro, the commodities are divided into different categories for the convenience of the traders. Some people prefer to trade soft commodities, such as corn, sugar, coffee and wheat as they can provide consistent returns. There are also hard commodities available, which include energies like oil, Brent crude oil and gas.
Another one of the hard commodities that you will find on CoinePro is precious metals. These include gold, silver and even diamond, which are in high demand all over the world. Trading these can generate solid returns on investment over a long period of time. Plus, they also protect from the effects of inflation.
Another category that also connects to the stock market is referred to as stock indices. This is a bit more volatile, which means there is a higher chances of profit. CoinePro gives its clients access to indices of different markets in the world and some of the top indices that you can trade with the broker include FTSE 100, NASDAQ, S&P 500 and lots more. The broker has also added some good tools that can help in trading indices and reaping the rewards.
You can choose to invest in any combination of assets that works for you and CoinePro allows you to trade them all through a single trading platform.
- Choice in trading platforms
The trading platform that a broker offers is not something you can ignore and not consider when you are reviewing their pros and cons. This platform is important because it can impact your trading performance and efficiency. If the trading platform is outdated, you will not have access to the right tools. If it lags, your trades will not be executed in a timely manner, resulting in losses. If it is unsecure, your information can be compromised. Thus, the trading platform offered by a broker deserves more than a quick look.
When you take a look at the trading platforms offered by CoinePro, you will certainly be taken aback. It is not because of the lack of offerings, but because of the choices at your disposal. This broker has taken the experience of its traders very seriously and has devised several choices in trading platform to suit all categories of traders. The first option you will find is referred to as Optima. This platform is customer-centered because it boasts a highly intuitive user-interface, which can be navigated easily and the dashboard is designed to offer users as much information as possible.
This makes it easier for traders to make decisions quickly because they don’t have to go elsewhere for their info before executing trades. In addition, the platform can also be customized by the trader according to their needs, which makes it even easier to use and delivers a unique experience to every trader. CoinePro has not stopped its offerings with this trading platform, though. You can also find the WebTrader, a platform that’s designed to be accessed via the web browser.
This platform can offer flexibility because it doesn’t need to be downloaded on a single device and can run on any computer that has an internet connection and a browser. It has also integrated powerful technology and tools that can be extremely handy during trading. Next, CoinePro has added mobile apps for Android and iOS devices. The purpose is to help people trade on the go and not be tied down to a single device or location. The apps have cutting-edge technology and features that help traders in enjoying a seamless and hassle-free trading experience.
- Quick Registration Process
There are lots of brokerages that ask traders to provide lots of information at the time of registration. Sometimes, this information is quite irrelevant and only takes up the trader’s time. Furthermore, these brokerages also have an approval process in which they take a few hours or even days to approve the trader’s registration and then allow them to create an account. This can be highly frustrating for traders because they do not want to wait as various opportunities will come and go during this time and they will not be able to take advantage.
- Three unique investment plans
Brokers that welcome traders from different backgrounds cannot use a one-size-fits-all approach when it comes to offering investment plans i.e. account types. No two traders are the same in their trading strategies, risk tolerance and their skills and experience. Therefore, brokers need to make allowances for such traders when they are developing their offerings. The issue is that most brokers are not very flexible in this regard, which can often make things difficult for traders. Luckily, this doesn’t apply to CoinePro because their three investment plans are very unique and all cater to a different kind of trader.
The first option can be opened with a deposit of just $500, which indicates that it has been developed primarily for beginner traders. Those who are just getting started shouldn’t invest hefty amounts because that can lead to equally hefty losses. This account offers static spreads and a leverage of 200, which makes for solid trading conditions. Traders can also take advantage of a financial calendar, news feed and a personal manager for managing their trades. The minimal lot size for this account is set at 0.1.
This particular investment plan is the most popular at CoinePro because it has been designed for skilled yet intermediate traders who do not have enough experience to be considered professional. The minimum deposit requirement in this account is $5,000. It offers traders the features that Micro account traders can get, but does deliver some extras as well. For instance, the leverage in this account is higher at 300 and it also boasts a Welcome bonus of 25%, which is not available to beginners. This is given as an incentive to traders. You can also get access to Masters partial in this account and the minimal lot size is increased to 0.5.
The third and last investment plan at CoinePro has been developed for expert and professional traders. Therefore, this account has a high minimum deposit requirement i.e. $50,000. As these traders have high trading volume, they can deal with a leverage of 400. Moreover, the minimal lot size here is 1. In addition, these traders are also given a higher welcome bonus of 50% as greater incentive to opt for this account type.
You can choose an account option that can fulfill your requirements and start trading with it right away.
- Efficient deposits and withdrawals
In order to open an account and start trading, you will have to deposits funds first. To do so, you first need to look at the deposit and withdrawal methods that are offered by a broker. You will definitely find CoinePro’s offerings more than suitable because the broker has added a combination of conventional and modern methods for the convenience of their traders. You can use the traditional option of depositing via bank wire transfer. But, it should be noted that this process takes time. Secondly, you can choose to use your debit or credit cards for adding funds to your CoinePro account.
Lastly, the broker also gives traders the option of using e-payments, as these have become immensely popular due to their convenience. You can also use the same methods for withdrawals as well. However, traders should remember that CoinePro has an Anti-Money Laundering (AML) policy in effect, which requires traders to use the same methods for both deposits and withdrawals. This is for their safety. The deposits can be made free of charge, no matter what method you chose.
However, there are some costs associated with withdrawals, which depend on your chosen method. Also, a minimum withdrawal amount limit is also applicable on every method. The fee is $50 for wire transfers, $25 for credit cards and $25 and a $10 processing fee for e-payments. As for the minimum withdrawal amount, it is set at $250 for wire transfers and $100 for any other method. No third party accounts or cards can be used, again falling under the AML policy.
- Comprehensive trading tools and resources
While trading does have low barriers to entry, it is important to remember that it requires a great deal of knowledge and skills to do it correctly. If you want to earn profits, you have to have the necessary skills, knowledge and access to tools or else you will lag behind other successful traders. CoinePro aims to help all its clients in enjoying trading success due to which it has equipped its platform with some of the most advanced and innovative trading tools in the market.
The broker provides traders access to an economic calendar for staying up-to-date with market events that can have an impact on their trades. It gives them a forex and currency converter to help them do accurate calculations. Rating of central banks are also provided for decision-making. However, the most notable set of tools are that of risk management. CoinePro has added risk management tools like Stop Loss, Guaranteed Stop and more to help traders in managing their losses.
Apart from that, CoinePro has also created a Trading Guides section where traders are provided with educational resources about trading. These include videos and articles on different aspects of trading. You can find plenty of tutorials and courses that can be extremely informative and can help traders in developing and improving their strategies in the long run.
Along with these noticeable offerings, CoinePro also provides top notch customer support, a secure and strong trading architecture, full privacy and excellent trading conditions to help every trader succeed in the market.