coinareaioltd.com has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. coinareaioltd.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Great customer service|Multi-currency support
Cons: No crypto staking|Slow to add new assets
After doing some research AFTER the fact (I know, I should have done this first), I discovered that coinareaioltd.com is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The platform at coinareaioltd.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for nearly two years of dealing with this, I have had enough.
Pros: Two-factor authentication|Demo account available|Copy trading available
Cons: Limited cryptocurrency options|Live chat only during business hours
The mobile app from coinareaioltd.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: Smooth onboarding|Educational resources|Clean UI|Good analytical tools
Cons: Nothing significant
coinareaioltd.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Dividend tracking|Copy trading available
Cons: Alert system is basic|Live chat only during business hours
My card was charged twice by coinareaioltd.com on the same day. I had to dispute it with my bank. coinareaioltd.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: Excellent charting|Demo account available
Cons: Currency conversion fee exists|Some tools only available on higher tiers
I had a dispute with coinareaioltd.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: Dedicated account manager|Instant funding
Cons: Mobile app could be improved
coinareaioltd.com has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Portfolio tracking tools|Easy withdrawals
Cons: Charting tools need more indicators
What really bothers me about coinareaioltd.com is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after seeing their ad online and I fell for the polished exterior. Never again.
Pros: Segregated accounts|Low minimum deposit|Regular updates
Cons: No fractional shares
I lost a significant amount because coinareaioltd.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Two-factor authentication|Responsive team|Great customer service|Clean UI
Cons: No live chat on mobile|Limited ETF selection