Basic Information
Registered Region 
Dominica
DominicaOperating Period
2-5 years
Company Name
Coinswitch LTD
Customer Service Email Address
info@coinsbanking.com
Contact Number
+441218276121
Company Website
--
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
CoinsBanking
Dominica
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
--
Website
Rating Index
Contact
+441218276121
info@coinsbanking.com
--
2021/IBC00025 Address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Company Summary
Disclosure
Comment
Users who viewed CoinsBanking also viewed..
HANTEC MARKETS
8.57
Score
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
HANTEC MARKETS
Score
8.57
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website
MiTRADE
8.60
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)Self-developed
MiTRADE
Score
8.60
10-15 yearsRegulated in AustraliaMarket Maker (MM)Self-developed
Official website
VT Markets
8.68
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
VT Markets
Score
8.68
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
EC Markets
9.07
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
EC Markets
Score
9.07
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Company Summary
Note: CoinsBanking's official website: https://coinsbanking.com is currently inaccessible normal.
| CoinsBankingReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Dominica |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodity, Stock, Cryptocurrency |
| Demo Account | / |
| Leverage | Up to 1:100 |
| Spread | 0.1 pips |
| Trading Platform | Web Trader |
| Min Deposit | $250 |
| Customer Support | Phone: +441218276121 |
| Email: info@coinsbanking.com | |
| Company Address: 2021/IBC00025 Address: 8 Copthall, Roseau Valley, 00152 Commonweal | |
CoinsBanking, namely Coinswitch LTD, is an emerging online Forex corporation registered in Dominica. It offers Forex, Commodity, Stock, and Cryptocurrency trading via a web-based trading platform. The minimum deposit to open a live account is $250. Currently, it has no valid regulations.
Pros & Cons
| Pros | Cons |
| None | Lack of regulation |
| Unfunctional website | |
| No MT4/5 | |
| High minimum deposit |
Is CoinsBanking Legit?
CoinsBanking operates without regulation. What's more, it is based in Dominica, which is known for its offshore scam brokers. There is no reason CoinsBanking can be a legitimate broker.
What Can I Trade on CoinsBanking?
The trading list consists of an array of tradable assets, including Cryptocurrencies, Stocks, Forex, and Commodities.
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| indices | ❌ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
It is unclear whether CoinsBanking offer demo accounts or not. The minimum deposit requirement to open a live account is as high as $250, while most other brokers require only $100, or even no threshold.
| Account Type | Min Deposit |
| Silver | $250 |
| Gold | $500 |
| Platinum | $1,000 |
Leverage
CoinsBanking provides access to leverage up to 1:100 to any of its clients. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
All we know is that this broker is supposedly provides the 0.1 pips, and there is no commissions info referred.
Trading Platform
CoinsBanking offers a fairly uninteresting web-based trading platform that is inferior to Metatrader 5.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
CoinsBanking accepts deposits via credit cards. In addition, CoinsBanking charges the withdrawal fee of $30 on any withdrawal that can be justified.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Comment 1
Write a comment
1
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now