Coinmac Trade FX (coinmactradefx.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +12095920281
Addresses: 5 Preston Court, Burton Latimer, United Kingdom, NN15 5LR This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: coinmactradefx.com.
I closed a profitable position at Coinmac Trade FX (coinmactradefx.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-device support|Personal attention
Cons: Wait times can be long during peak hours|Charting tools need more indicators
I wanted to transfer my portfolio from another broker to Coinmac Trade FX (coinmactradefx.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: Helpful community forum|Segregated accounts|Good mobile app|Detailed reporting
Cons: Wait times can be long during peak hours
My withdrawal from Coinmac Trade FX (coinmactradefx.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a couple of months now of being strung along.
Pros: Fast support response|Multi-device support
Cons: Desktop app not available on Linux|Wait times can be long during peak hours
Coinmac Trade FX (coinmactradefx.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Multi-device support|Social trading features
Cons: Limited ETF selection|No fractional shares
The so-called education at Coinmac Trade FX (coinmactradefx.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a few weeks now thinking they would help me learn.
Pros: Clean UI|Easy withdrawals|Smooth onboarding|Social trading features
Cons: Minimum deposit could be lower|No dark mode on mobile
Do not believe the bonus offer from Coinmac Trade FX (coinmactradefx.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast deposits|Detailed reporting|Quick verification
Cons: Account statements could be more detailed
I experienced a security concern with my Coinmac Trade FX (coinmactradefx.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: Great customer service|Easy withdrawals|Regular updates
Cons: Minor UI glitches occasionally
I trusted Coinmac Trade FX (coinmactradefx.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: Comprehensive tools|Instant funding|Personal attention|Wide product range
Cons: None so far