Coins Trading (coinstrading.online) 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: coinstrading.online.
The spread at Coins Trading (coinstrading.online) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Regular updates|Educational resources
Cons: Minimum deposit could be lower
The only good thing about Coins Trading (coinstrading.online) is that they remind you why regulation matters. I found them after hearing about them at a conference. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Professional team|Fast deposits|Good analytical tools
Cons: No integrated tax optimization|Minor UI glitches occasionally
I signed up with Coins Trading (coinstrading.online) through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Segregated accounts|Stable platform|Automated trading options|Tax reports included
Cons: Account statements could be more detailed
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. Coins Trading (coinstrading.online) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Comprehensive tools|Economic calendar|Fast support response
Cons: Wish they had more educational resources|Help articles are sometimes vague
After using Coins Trading (coinstrading.online) for over three years, 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: Quick verification|Good analytical tools|Automated trading options
Cons: Currency conversion fee exists