CoinMate (trading.coinmate.ai) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 35 Whitechapel High Street London E1 7QAE 1 7 Q A United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: trading.coinmate.ai.
After using CoinMate (trading.coinmate.ai) for about five months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Regular updates|Fast deposits|Intuitive for beginners
Cons: Limited social trading features|Limited ETF selection
My withdrawal from CoinMate (trading.coinmate.ai) 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 the past six months of being strung along.
Pros: Quick verification|Regular updates
Cons: Help articles are sometimes vague
The so-called education at CoinMate (trading.coinmate.ai) 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 over a year thinking they would help me learn.
Pros: Instant funding|Low minimum deposit|Transparent fees|No hidden fees
Cons: Limited demo account features
The mobile app from CoinMate (trading.coinmate.ai) 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: Market news feed|Easy withdrawals|Excellent charting
Cons: Website design could be more modern|No dark mode on mobile
I lost a significant amount because CoinMate (trading.coinmate.ai) 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: Dividend tracking|Multi-currency support|No hidden fees
Cons: Email notifications too frequent