In this section we will analyze the broker CoinePro (also called coinepro.com), is a Forex, Cryptocurrency and CFD broker. Is CoinePro really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on CoinePro. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Exchange Power Technology.
As to its location, the broker mentions being based in: Estonia.
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
Remember that to make a safe investment, the best option (and the safest) are the regulated brokersas they must meet very strict requirements. Instead, when working with a unregulated broker, there is a much higher risk of losing the capital invested, in the event that the company goes bankrupt or is reluctant to return the money as it usually happens.
To learn more about regulations, we invite you to access the following link.
If now we go on to analyze account types offered by CoinePro, we noticed that it offers 3 different types of account / plans: the Micro Account, the Standard Account and the Premium Account. We leave an image with a little information about each type of account.
Micro account: minimum initial deposit of $ 250, TSpread type: static, personal manager, leverage up to 1: 200, news update, financial calendar, minimum lot size 0.1.
Standard Account: minimum initial deposit of $ 5.000, spread type: static, personal manager, welcome bonus up to 25%, leverage up to 1: 300, news update, access to Partial Master, financial calendar, minimum lot size 0.5.
Premium account: minimum initial deposit of $ 25.000, spread type: static, personal manager, welcome bonus up to 50%, leverage up to 1: 400, news update, access to Partial Master, financial calendar, minimum lot size 1.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that CoinePro offers are: the platform CoinPro.
We will now analyze the different resources and aids for the trader that CoinePro provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
CoinePro provides the following aids or resources to traders or interested parties: economic calendar, currency converter, really not much more than this.
| Other information about CoinPro |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +442080896172 | +41912087147
Email: [email protected]
>>> Assessment on CoinPro <<
Ending with this section, in our opinion Do we believe that the CoinePro company is reliable? Should you invest your money with the company?
Seeing all this, we recommend being careful, because: it is an unregulated broker, it is based in unsafe countries (Estonia), when looking for reviews about CoinePro we have come across a lot of negative reviews and comments from scammed people. We suggest using caution.
⛔ Attention ⛔ : in October 2020 CNMV added CoinPro to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
⛔ Attention ⛔ : in March 2021 FCA added CoinPro to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.