CoinePro Review

One of the most lucrative markets that have gained a lot of attention is trading. It encompasses a huge variety of assets, which attracts people from all over the world. They are fascinated with the possibility of investing a small amount of capital yet making big returns, something that wouldn’t be possible in any other market. Another advantage is the fact that there are no prerequisites or any such criteria to be met in order to become a trader. As long as you are over 18, the world of online trading is at your disposal. While having the right skills and knowledge do determine your chance of success in trading, there are other factors that also play a role.

One of these is the brokerage firm you choose to use for conducting your trades and making your investment. As the online trading market has gained popularity, the number of brokers has also exploded and there are thousands of brokers ready to cater to those who want to trade. But, this popularity has also become an opportunity for scammers and fraudsters to dupe those who are new or don’t have much knowledge of how to identify brokerage scams. The number of these scams has also increased exponentially and lots of traders have lost their money and also had their personal and private information compromised.

The key to avoiding this situation is to do your due diligence when choosing a broker and consider their offerings thoroughly before making a decision. Even if a brokerage is not a scam, it doesn’t mean that it will be the right fit for you. Every brokerage offers a different package to its clientele and you have to assess your own needs to figure out the one that works. For some, security is a priority while others are more interested in brokers that offer diverse banking methods. Some brokers only offer limited account options while others may not have a variety in trading assets.

It is through research that you can find a brokerage that can offer you the ideal combination of assets and features. Amongst the various options, CoinePro is also one of them and you will notice that this broker has a very solid reputation in the market. It is referred to as one of the top Forex and CFD brokers in Europe and has gradually built a strong and wide customer-base. Through Contract for Difference (CFDs), it allows its clients to invest in a variety of markets without having to purchase the physical asset. Instead, they can purchase a contract that depends on the movement in price of the asset.

CoinePro Overview

CoinePro was established by a team of experienced and professional traders who had in-depth knowledge of the trading world. They were able to use this knowledge and their own experience in crypto, trading, risk management and strategy development to come up with an effective solution. The broker has laid a great deal of emphasis on customer satisfaction and has incorporated a variety of features to achieve this goal. From their trading platform to their educational material, CoinePro has maintained top notch quality in every aspect.

One of the most important things to know about CoinePro is that it is not geared towards a specific class of traders, unlike other brokers. They have designed their services to include traders from all categories, which includes beginners, skilled traders as well as professional and high-volume traders. They cater to global traders and have become the top choice of many. At CoinePro, traders can make deposits and withdrawals in three currencies; GBP, Euro and USD. You are required to choose a currency at the time of registration.

What Assets Can you Trade?

Most people jump into the trading market to take advantage of the volatility of instruments, which can result in high profits. It is best to begin with a single instrument when you don’t have any experience, but gradually, you can invest in others as well, once you develop an understanding. The problem is that most people only check if their selected asset is available with a broker and sign up with them. When the time comes to expand, they discover that the options are very limited, which means they have to switch brokers. This can be a big hassle because it is time consuming and requires you to start from scratch.

Thus, it is better to do your research beforehand to find a broker that offers you a plenty of assets that can be used for diversifying your investment. CoinePro offers its customers a massive number of trading instruments, which means every trader can find something that suits their risk tolerance and interest. Some of the top assets that you can trade at CoinePro are:

• Forex: This is the largest and most liquid market in the world that has a trading volume of $5 trillion per day. It involves the trading of different currency pairs and since the market is electronically operated, it is available 24/7. CoinePro offers its traders some of the top currency pairs in the market, such as GBP/USD, EUR/USD and EUR/GBP. They broker has added advanced trading tools to assist people in trading the currencies of their choice.
• Indices: If you have an interest in the stock market, you can also invest in stock indices. CoinePro provides its clients the most popular stock indices, such as S&P 500, FTSE 100 and more. They have added a daily market analysis that can also assist traders when they want to trade stock indices.
• Commodities: If you are looking for less volatile options, CoinePro has something to offer to you here as well. The broker has added a combination of soft and hard commodities that can be traded and these carry much lesser risk, as compared to other instruments available with the broker. Soft commodities include agricultural products like corn, sugar, coffee and wheat, which are sensitive to climate and weather changes. Hard commodities include energy products, such as oil.
• Shares: One of the oldest markets in the world, the stock market gives you a variety of options ranging from options to futures. Investing in stocks is extremely easy and they can offer consistent returns. CoinePro gives you the opportunity of trading shares from popular markets like the UK, USA and Germany. The broker has added numerous tools for facilitating stock trading and provides high leverage and low spreads.
• Precious Metals: If you are looking for a diversifying trading instrument that can offer you solid returns and acts as an inflation hedge, you cannot go wrong with precious metals. There are a variety of precious metals that CoinePro offers for investment purposes, such as gold, silver, platinum, copper and more.
• Cryptocurrency: One of the most in-demand trading instrument nowadays is none other than cryptocurrency. Trading crypto is a great investment for traders who want to make short-term investments. CoinePro has added a range of crypto options for their traders, including Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash and more. Moreover, it charges low fees and provides a great platform for trading them profitably. Also, the broker offers a crypto volatility index on its website that can provide useful information to crypto traders for making trading decisions.

Thanks to these options, you will not have any problems in finding the trading instruments you want to invest in. You can diversify as much as you want to reduce your risk and make more profits.

What Trading Platforms can be Used?

How does a broker facilitate trading? The most important feature of any brokerage is the trading platform they offer. This is the software through which traders open and close positions and monitor their trades. Therefore, it is a vital part of their trading experience. Every trader wants the best option because if there is any performance issues, it can have an impact on the trading outcome. For instance, if the platform lags and doesn’t execute trades quickly, you may not be able to take advantage of a price movement, which could lead to losses.

CoinePro is fully aware of the role a trading platform can play due to which the broker has added a number of options for its clients. They have ensured that their platforms are equipped for trading multiple assets and are accessible in several ways for the convenience of their clients. Here are the trading platforms that CoinePro is offering:

• Optima: This particular trading platform has been developed to cater to all kinds of traders, which means it is easy to use and provides a smooth trading experience. Navigating the platform is quick and convenient as every feature is easily accessible. It is powered by top notch technology and can be customized by every trader, according to their ease of use. Download and installation takes a few minutes and you can get started right away.
• WebTrader: If you don’t want a desktop-based trading platform, CoinePro provides an alternative in the form of WebTrader. The purpose is to give traders as much flexibility as they like because you can access it through the web browser. This means it can be used on any device. Moreover, it also boasts a range of trading tools and ensures fast trade execution, which can benefit traders when they have to make quick decisions. All your trades are reflected in real time and you can check your history and current positions with absolutely no hassle.
• Mobile Solutions: Last, but certainly not the least, CoinePro has also added mobile trading platforms for Android and iOS devices. The apps can be downloaded from their respective stores and can give you freedom of movement. You can trade from anywhere and at any time and monitor your activities easily.

What is the Registration Process?

Registration is essential when you want to use a broker’s services. Without registration, you cannot open an account with the broker. Most brokerages have complicated and lengthy procedures associated with registration, which can be extremely frustrating for traders. They have to wait days or even weeks for their application to be approved during which time you end up missing out on various opportunities. This is not something you have to be concerned about with CoinePro. The broker has a rather straightforward registration procedure, which involves entering some basic details.

In order to register, you have to provide your full name, email address, password, home address, phone number, postal code and mention your location. You also need to choose the currency you wish to use in your account. Once you have completed these steps and agreed to the Terms and Conditions outlined by CoinePro, you will be registered immediately. There is no need to wait for any approvals and you can move onto the next step right away i.e. create an account.

What Account Options are Available?

Creating an account is the actual step where you sign up with a broker. This account will contain all your information, including your funds, your past and current trades and other relevant information. Brokers usually offer account options because not all traders will have the same skills and experience and neither will they want to invest the same amount of money. The account options are usually designed to accommodate these variations. CoinePro has also developed account options for their clients and they have kept their needs in mind when coming up with these options. A total of three account types are available at CoinePro and each of them is aimed at traders from a different background. Check out the options below:

• Micro Account: The first account option that CoinePro offers is for beginners and requires a minimal deposit of $500 to be opened. You can use the Optima trading platform in this account and it will allow you to benefit from Static spreads. The account comes with a personal manager to help traders in making investments and taking trading decisions. You will be able to access a news feed where all latest market news is made available. There is also a financial calendar that can be used for tracking important events that can have an impact on your decisions. The minimal lot size is 0.1 and the account comes with a leverage of 1:200.
• Standard Account: CoinePro introduced this account option for intermediate and advanced traders, who do have some experience in the market. The broker understands that they do need some advanced features as their trades are much more diverse than beginners. The account gives traders a welcome bonus of 25% as a reward because they have to deposit $5,000 for opening it. All features of the Micro account are available in the Standard one, with some additions and changes. CoinePro has increased the leverage to 300, has a minimum lot size of 0.5 and gives access to Masters Partial.
• Premium Account: The third and last account option that CoinePro has introduced is this one and it is solely aimed at expert and professional traders. Here, the broker gives their clients leverage of 1:400, considering these traders have an impressive trading volume. The minimal lot size is also 1 under this account and the welcome bonus given to traders is 50%.

You can choose any one of these account options at CoinePro, depending on how much you wish to deposit and the features you want to access.

What Banking Methods are Offered?

Once you open your account at CoinePro, you want to start trading right away. But, in order to do that, you have to deposit funds in your account first. How do you do that? You have to consider what banking methods a broker offers because not all of them are easy to use. If they are too time consuming or have hefty charges, it would be extremely inconvenient for traders. CoinePro understands that banking needs to be quick and efficient for traders so they can deposit funds to trade as much as possible and easily get access to their profits via withdrawals. The broker has added multiple methods on its platform that can be used by traders as per their preference.

First and foremost, the broker has added the bank wire transfer option, which might be traditional, but is convenient for many. Deposits via bank transfers are free of cost, but do require at least 5 business days to be processed. There is a minimum limit of $250 for withdrawal via this method and charges of $50 are applicable. You need to ensure that the account is in the same name as the one you use on CoinePro as third party account transfers are not permissible. Credit and debit cards are the second funding method that CoinePro has added to their platform and they are popular due to their efficiency. Deposits and withdrawals are instant, but withdrawals via cards are subjected to $25 transaction cost and a processing fee of $10. As for the minimal withdrawal amount via this method, it is set at $100. The broker has also added the option of e-payments. Deposits via e-payments are free of charge, but withdrawals incur a cost of $25 and a minimal withdrawal of $100 is also applicable.

What Security Measures are Used?

The security practices of a broker do need to be scrutinized by traders before they choose to use their services. A number of brokers have had their networks and systems hacked and client data and funds have been compromised due to lax security measures. With the increase in cybercrimes, brokers cannot afford to take security lightly, especially when they are responsible for personal and sensitive information shared by their clients, along with thousands of dollars. CoinePro has put in a great deal of time and effort to develop the right security infrastructure for their clients.

At the time of sign up, the broker asks every trader to provide proof of identity. This requires submitting documents, such as passport, driver’s license or national ID card. Next, they have to provide proof of address, which involves submitting a utility bill or bank statement that shows the name and address of the individual. These are part of the KYC (Know Your Customer) policy, which is aimed at rooting out shady and fake profiles from a platform.

Apart from that, CoinePro has also used the Anti-Money Laundering (AML) policy, which is designed to prevent the platform for being used for any illegal financial activities. Under this policy, traders have to use the same method for both deposits and withdrawals. For instance, if they have deposited funds via bank transfer, they have to withdraw through the same method. In addition, no third-party services or accounts can be used for funding to establish a proper trail. If you want to use your credit or debit cards, you have to submit a scanned copy of the card to be used for security purposes.

As for security of information, CoinePro uses the highest standard of encryption and has a strong privacy policy in place. No information is shared with outsiders or third parties without the consent of the traders, unless required by law. The broker only uses the information for administrative purposes and nothing else and traders have the freedom to make changes or revise their information at any time.

What kind of Customer Support is Given?

The customer support provided by a broker is also important because there may be problems when you start using their services as you are unfamiliar with how they work. To ensure that you can get answers to your queries, CoinePro has added several ways through which their agents can be contacted. They have provided different emails for getting information or for seeking help for a problem. Their agents are responsive and friendly and make an effort to solve your problems right away.

Final Thoughts

When you consider the features and offerings of CoinePro, it is not difficult to see why the broker has become the top one in Europe in such a short amount of time. Their trading services are exceptional and the support and guidance help traders in maximizing their revenues.