Coin Pension Trade (webtrader.coinpensiontrade.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: webtrader.coinpensiontrade.com.
What really bothers me about Coin Pension Trade (webtrader.coinpensiontrade.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a forum discussion and I fell for the polished exterior. Never again.
Pros: Social trading features|Risk management tools
Cons: Could offer more webinars|Wait times can be long during peak hours
I experienced a security concern with my Coin Pension Trade (webtrader.coinpensiontrade.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Professional team|Clear documentation
Cons: Charting tools need more indicators|Website design could be more modern
If you are reading this considering Coin Pension Trade (webtrader.coinpensiontrade.com) - run. I wish I had read more negative reviews from a blog post comparing services. I thought the positive ones were real. Maybe some are. My experience over since I opened my account last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast support response|Fast deposits|Low minimum deposit|High security standards
Cons: Alert system is basic|Could offer more webinars
I requested my data from Coin Pension Trade (webtrader.coinpensiontrade.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Demo account available|Quick verification|Detailed reporting
Cons: Limited cryptocurrency options
I referred a friend to Coin Pension Trade (webtrader.coinpensiontrade.com) after reading several online reviews. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: API access|Dedicated account manager
Cons: None so far
Do not use Coin Pension Trade (webtrader.coinpensiontrade.com) for anything serious. I used them since early this year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Tax reports included|Multi-currency support|No hidden fees
Cons: Alert system is basic|Wait times can be long during peak hours
I had a dispute with Coin Pension Trade (webtrader.coinpensiontrade.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Comprehensive tools|Intuitive for beginners|Segregated accounts
Cons: Limited cryptocurrency options|No integrated tax optimization
I trusted Coin Pension Trade (webtrader.coinpensiontrade.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Transparent fees|Real-time alerts|Social trading features|Customizable dashboard
Cons: Alert system is basic
I wanted to transfer my portfolio from another broker to Coin Pension Trade (webtrader.coinpensiontrade.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast execution|Good mobile app
Cons: Alert system is basic
My card was charged twice by Coin Pension Trade (webtrader.coinpensiontrade.com) on the same day. I had to dispute it with my bank. Coin Pension Trade (webtrader.coinpensiontrade.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Intuitive for beginners|Tax reports included|Multi-device support|Competitive fees
Cons: Wish they had more educational resources|Currency conversion fee exists