General Information
The CoinTrust is a financial provider registered in Switzerland, offering its clients access to a series of trading instruments, such as Forex, Cryptocurrency, Stocks, Commodities, Indices.
The CoinTrust is operated by SPT Media LLC, a company registered in Saint Vincent and the Grenadines.
Is The CoinTrust safe to trade with？
Obviously, The CoinTrust has disappointed us when it comes to enforcing rules and regulations. It has been verified that this broker is outside of the purview of any regulatory bodies. Consequently, its regulatory status has been classified as “No License” and it receives a quite low score of 1.07/10.
Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.
Market Instruments
Nation FX claims that it offers over 150 trading instruments. Four classes of trading assets can be traded, which include Foreign Exchange, Futures, Indices, Bonds.
Account Types
The CoinTrust fails to tell us what types of trading accounts are offered, unless you log into its client area to make it clear. The minimum deposit to start investing with this broker is not disclosed either.
Spreads & Commissions
The CoinTrusts official website is too simple to find any spread and commission-related information, which is quite weird.
Leverage
The CoinTrust does not specify the leverage amount that traders can use.
Trading Platform
Please note that The CoinTrust fails to offers its clients popular and industry leading MT4 or MT5 trading platform, which is another worrying sign.
Customer Support
Traders can reach out to The CoinTrust about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +35 725 030 881
Email: support@thecointrust.com
Registered Company Address: First Floor St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
