Coingate ForexPro has been flagged by Commodity Futures Trading Commission for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at Coingate ForexPro is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: High security standards|Dedicated account manager|Low minimum deposit
Cons: Live chat only during business hours|Account statements could be more detailed
Do not use Coingate ForexPro for anything serious. I used them for a few weeks now 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: Wide product range|Good mobile app|Portfolio tracking tools
Cons: Wait times can be long during peak hours|Minimum deposit could be lower
The hidden fees at Coingate ForexPro are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Customizable dashboard|Dedicated account manager|Smooth onboarding
Cons: Account statements could be more detailed
I want to warn everyone about Coingate ForexPro. They have been flagged by Commodity Futures Trading Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Do not believe the bonus offer from Coingate ForexPro. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dedicated account manager|Risk management tools|Social trading features
Cons: Currency conversion fee exists|Account statements could be more detailed
I gave Coingate ForexPro a fair chance. After for over three years of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Low minimum deposit|Risk management tools|Transparent fees
Cons: No phone support on weekends
I lost a significant amount because Coingate ForexPro 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: Personal attention|Real-time alerts
Cons: Withdrawal takes 1-2 business days
I had a dispute with Coingate ForexPro 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: Portfolio tracking tools|Market news feed
Cons: None so far
Coingate ForexPro locked my account without warning and demanded documents I had already submitted. for about ten months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Economic calendar|Social trading features|Dedicated account manager
Cons: Some tools only available on higher tiers
If you are reading this considering Coingate ForexPro - 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 for about ten months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Educational resources|Multi-currency support|Demo account available
Cons: Slow to add new assets