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.
After spending for about ten months trying to make Coin Pension Trade (webtrader.coinpensiontrade.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy withdrawals|Personal attention
Cons: Slow to add new assets|Onboarding videos are outdated
The mobile app from Coin Pension Trade (webtrader.coinpensiontrade.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Social trading features|Clear documentation
Cons: Alert system is basic|Minor UI glitches occasionally
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Coin Pension Trade (webtrader.coinpensiontrade.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Clean UI|Market news feed|Good mobile app|Fast support response
Cons: Search feature is basic|Inactivity fee applies after 12 months