Coinibank Review- Is this Broker Worth it?
In these economically challenging times, a 9 to 5 job is no longer enough for people to enjoy the kind of lifestyle they want. Sure, you could look for part-time jobs, but they take up a lot of time and effort and you will eventually be exhausted. So, how to make money in a short amount of time, have some flexibility and not drive yourself into exhaustion? Why not try out online trading? Buying and selling financial instruments can prove to be immensely profitable, as long as you make some smart and wise decisions. One of the most important decisions that you make is the broker you choose.
Thanks to the popularity of online trading, locating a broker is no longer a challenge. It will take just one search on Google and you will have a list of options that you can consider. However, you shouldn’t forget that this decision is not something you can make straight away. Doing your homework when it comes to a broker is important because not every option will be worth it. In fact, some brokers can make trading very complicated for you and it can ruin your experience altogether. This is something you want to avoid.
The only way to go about it is by putting in some time and effort into finding out what you can about a broker. Research can make a big difference and it can allow you to enjoy the perks of trading when you have the right broker by your side. One of the brokers you will come across in the market is called Coinibank. It is relatively new, when you compare it with others, but their team comprises of professional traders and claims to offer a well-rounded trading solution for every broker. But, does it get the job done?
Read on to know exactly what you will get when you choose Coinibank:
300 Trading Products
The biggest priority for most traders is the range of financial instruments offered by a broker. After all, diversification is the best strategy because it helps you in controlling the risk associated with trading. This means that you invest in multiple assets simultaneously and earn as much as you can. Coinibank gives its traders the chance to do so with 300 trading products available on their platform. Even if you are looking for a particular asset, there is a good chance you will find it here.
They let you trade forex currency pairs, which include major and minor pairs, and even some exotic pairs. You can try your luck in the traditional stock market and trade stocks of some of the biggest companies in different industries. Profitable indices like NASDAQ, S&P 500, and DOW JONES are also available on Coinibank. In fact, the broker has also added cryptocurrencies like Bitcoin to their offerings to let their clients enjoy every asset. You can also go with commodities including precious metals, energies, and agricultural products. Bonds and ETFs are also available.
Easy Registration Process
One of the steps that a lot of traders dread is registering with a broker. This is because you will find lots of horror stories about the complex requirements that brokers have and how time-consuming the whole process can be. But, this doesn’t seem to be the case with Coinibank. They have kept registration easy and to-the-point by adding only a short form on their website that has to be completed before traders can open an account.
You can access this form by clicking on the Open Account option on the broker’s website. Coinibank will ask you to enter your first name, last name, email address, password, country of residence, phone number, and your location. There are three currency options given, which are USD, GBP, and EUR, and you have to choose one. The last steps require you to confirm that you are at least 18 years old or above and agree to their Terms & Conditions. These are provided on their website and you can read them once before confirmation.
Six Account Choices
After completing the registration, you would obviously be asked to select an account to open with the broker. You will find six account choices at Coinibank, something that’s quite rare because most brokers don’t go beyond three to four options. These options are:
- Basic account with a $250 deposit
- Standard account with a $2,500 deposit
- Silver account with a $5,000 deposit
- Gold account with a $10,000 deposit
- Platinum account with a $25,000 deposit
- VIP account with a $50,000 deposit
The features offered in these accounts also vary, as does their deposit. The Welcome bonus starts at 20% for the basic account and is 50% for the VIP account. Customer support, education center, and an account manager is available in all accounts. But, special features like personal sessions with a market analyst, no withdrawal fee, trading alerts, live webinars, and VIP services are only reserved for a few. You can choose an account that seems suitable for you.
Web Trading Platform
Knowing the role a trading platform plays in a trader’s success, Coinibank has added a web trading platform to their offerings. It is powered by sophisticated technology but doesn’t need to be downloaded, which eliminates a lot of hassle. You can enjoy instant execution and it is easy-to-use. The platform offers good tools like alerts and the latest market news. Risk management tools like stop loss and take profit can also be used.
Along with a web platform, Coinibank has kept up with the times and introduced mobile apps for iOS and Android ecosystems. These can be downloaded on your respective devices and allow you to trade, even on the move. This flexibility is a big benefit and these apps are also equipped with great trading tools to help improve the trading experience.
Along with these features, you also get an education center, 24/7 support options, advanced security for your funds and your confidential information, and a smooth trading environment. This makes Coinibank worth it for those who want to have a seamless experience in this space.