Home » Coin Capital FX Review – Is Coincapitalfx.com Reliable?

Coin Capital FX Review – Is Coincapitalfx.com Reliable?

Coincapitalfx.com Reliable or Not?

Most of the forex brokers we deal with have not released the picture and name of their Board members on the company’s website, so we were very fascinated when we saw the image of Jacob Baraz, CEO of Coin Capital FX. The portrait of the revered CEO, though is nowhere else to be seen but for the company’s interface. But to locate the details that can tell us whether this broker is genuine or not, we dive further through the company’s website.

Coincapitalfx.com Reliable or Not?

Income Mentor Box

Regulation of Coin Capital FX and protection of funds

Coin Capital FX is an investment firm which offers binary options that appears to be listed in the UK. We don’t realize how accurate this could be, given that binary option trading is prohibited in the EU. It was not unexpected that the Financial Conduct Authority (FCA), the agency that oversees forex brokers in the UK, did not find the company’s name. We already have information that this broker is not credible and could be a scammer that you can stay away from.

As the name suggests, dealing in binary options relies on a yes/no answer at a given period with respect to a certain price which is as similar to gambling as you might think. It is a dangerous endeavour and the odds of producing a return are small as the price of the commodity must be on the right side of the strike price at the point of expiry. In our view, the dangers of participating in such trading practises greatly outweigh the advantages, and we urge you to search into other forms of forex trading if you are a young novice trader.

Turn Key Trading Solutions

Explore the World of Opportunities With Profitable Trading Software
Crypto Master Bot

Flip Risk to your Advantage and Make the Best out of the volatility
For Free Account Click Here
Dax Robot

Trade the International Forex and Crypto Markets. Earn anywhere between $100 to $300 Daily on Auto-pilot
Reserve Your Spot Now

In addition, locating a reputable and accredited broker must be your number one goal. We would recommend several well-established jurisdictions where the protection of your funds is well assured. If you want to deal with US and Australian forex traders, you must realise that they must be well-capitalised to be authorised. In the US in the form of initial capital, forex brokers must deposit no less than $20 million and in Australia, the initial capital is also very high—AUD 1 million.

Being well-capitalized often acts as insurance against scammers as, for the sake of appearing legal, they would never spend such high capital. In the case that the broker is found insolvent, the other aim is to shield customers from adverse incidents. There are however, no restitution funds or systems in these two countries from which customers may be refunded in the event of bankruptcy. The lower initial capital of just EUR 730,000 in the EU and the UK is covered by the assumption that reimbursement funds and plans are available to repay traders if their dealer goes bankrupt.

If the broker is supervised by the FCA and pays to the local Financial Services Compensation Program, up to GBP 85,000 per individual will be refunded to its customers, and if the broker is managed by CySec and deducts funds from the local Investor Compensation Fund, up to EUR 20,000 per person will be returned to its customers. In order to make your decision, these are precisely the legal brokers you should be looking at!

Crypto MasterBot 2.0

Coin Capital FX Trading Software

The details about the trading platform provided to traders was not accessible on the company’s website and we were unable to download it as we did not go through the verification phase.

Nevertheless, we want to tell you that MetaTrader 4 and MetaTrader 5 are the two strongest trading sites to aim for, giving their consumers a number of advantages, and it is not by accident that about 80 percent of forex brokers around the world use them.

Turn Key Trading Solutions

Explore the World of Opportunities With Profitable Trading Software
Crypto Master Bot

Flip Risk to your Advantage and Make the Best out of the volatility
For Free Account Click Here
Dax Robot

Trade the International Forex and Crypto Markets. Earn anywhere between $100 to $300 Daily on Auto-pilot
Reserve Your Spot Now

Both trading platforms are fitted with a choice for auto trading, a smartphone sector, a financial calendar, a customs script code base, VPS, trading signals that can be subscribed to by traders, etc. The charting instruments and technical analysis metrics are often outside of this environment and allow traders to forecast and make a benefit from the potential course of exchange rates.

Coin Capital Fx Funding and Payment Methods

In order to locate the Terms and Conditions sheet, we reviewed the company’s website, but it was not available. Ironically, you need to tick off the box that you adhere to the Terms and Conditions while registering an account, but there is no link to access the paper.

Traders must make a minimum initial investment of $500 if their desired trading object is in cryptocurrency. They need to spend $1,200 in forex dealing and $3,000 in stocks.

Payment methods are rendered via credit card, American Express, and PayPal as per the company’s user interface. Strangely enough,  when you open a live account, Bitcoin is the only alternative accessible.

There is little detail about what the requirements for withdrawal are and what costs are required, nor is there any details on inactive accounts, etc.

Our Goal is to Help people Learn and EARN

Do you want to start making Reliable and Consistent Profits from the Markets?

To achieve Efficient Results, Check out our Most Trusted Trading Apps by clicking here.

New to the Trading World? Don’t know where to begin?

Try Our Recommended Education Programme by clicking Here to Learn all there is to know about the Markets.

Leave a Reply

Your email address will not be published. Required fields are marked *