Coin2FX Broker Summary
- Overall Rating
You have access to a variety of digital coins in the cryptocurrency market when you open your account with Coin2FX.
As a trader, it is your right to research, compare, and pick the broker that you think will give you the maximum benefits. The options are aplenty and so choosing the right one can be a bit challenging, especially if you are going to trade for the first time. One of the best recommendations that can be made today is Coin2FX. This new broker has beaten even the oldest brokers in delivering the best trading experience to its traders. When you talk about “experience”, you have to include everything that affects the trader in any way. So, how does this broker create such a perfect experience? Does it do it successfully? Let’s find out.
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The Trading Experience with Coin2FX
The first thing you have to see is the platform that you will be using for trading. Are you being given access to a platform that will make your trading career a breeze? Coin2FX gives you the trading platform that can be used on any device of your liking. If you like to sit in front of a computer for trading, you can download it on your personal computer. If you like the idea of trading on the go, the platform will work on your mobile device too. The best thing is that you will not have to spend weeks to understand how the platform works. Within a few minutes you will be trading like any other professional platform because of the easy options and customizations.
The Asset Index
You will not find many brokers who have such a diversified and impressive asset index as Coin2FX does. This broker is not just working on the number of assets, which is quite often the aim of many other brokers. They keep adding new assets to the tradable categories. However, they are not very successful at bringing new categories to the index. On the other hand, Coin2FX is not just expanding the number of assets you can trade with it but also the markets where you can trade. If you don’t know, you have access to a variety of digital coins in the cryptocurrency market when you open your account with Coin2FX.
It is one thing to be able to trade cryptocurrencies, it is another thing to be able to trade so many different types of cryptocurrencies and use leverage to maximize your profits.
The Account Types
Does the broker have enough account types for you to pick the one that’s right for you? Or are you being pushed by the broker to pick an account that designed for experts? You will not have to face such a situation when you trade with Coin2FX. There are a total of 4 account types and each account in this list has been designed with a different type of trader in mind. The silver and gold accounts are for basic and new traders. The platinum and diamond accounts are for more advanced traders. The diamond account is for expert traders who might already have made millions in the financial markets. The requirements for the basic accounts are flexible so joining the broker is not difficult at all.
Maybe you are considering trading for the first time and you don’t know anything about it. Perhaps, the jargons and terminologies have already started to scare you away from a successful trading career? You don’t have to worry about these things when your broker is giving you access to training material to learn all of this. If you want just the basic trading education, you will get that with a basic account. With advanced accounts, you can get access to all the educational material that the broker has. The best thing is that you can also be a part of the webinars and take advantage of listening to the experts talking directly to you.
Deposits and Withdrawals
This is an area where a lot of brokers can disappoint their trades. They make the whole process so difficult that the trader has to consider other options. There is not a lot of fancy options available for you to deposit funds in your account when you sign up with Coin2FX but you definitely have the most straightforward options available. You can deposit funds in your account using wire transfer. If you want to be quick with the transfer of funds, you can use credit cards too. However, you have to make sure that you are using an account that’s in your name. You can’t use an account that’s not in your name. This is for the security of not just the traders but anyone in the world. What if someone has stolen your information and is trying to use your credit card to deposit funds in their Coin2FX account?
For five days during the week, you have the representatives of the company available to answer your questions. They are there at any part of the day or night to help you with your issues. You can also open the broker’s website and see a live chat window there. The live chat window has a professional from the company greeting you and offering help. Type your questions in this window and the professional will answer them within seconds. In addition to that, you can use the phone number on the website to call the company. You will be greeted and helped by real humans.
All the factors that you have to consider to gauge a broker have been discussed above. You can see that Coin2FX covers all of these areas pretty well. It offers great customer service, an amazing trading platform, excellent trading conditions, and convenience for new traders to open an account. The traders can download the platform on their desktop as well as mobile devices without any issues. Most importantly, they can trade digital coins with leverage. Despite the fact that there are hundreds of brokers for you to choose from, Coin2FX is the one that pays attention to all of these options equally to give a perfect trading experience to its traders.