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COINIBANK
China|2-5 years| https://www.coinibank.co/
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No valid regulatory information, please be aware of the risk!
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1G
40G
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COINIBANK
COINIBANK
China
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 5000 $ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 2500 $ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | 250 $ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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COINIBANK · Company Summary
| COINIBANKReview Summary | |
| Founded | 2020 |
| Registered Country/Region | China |
| Regulation | No regulation |
| Market Instruments | Forex, CFDs on cryptos, stock indices, gold |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Web Trader, Mobile APP |
| Min Deposit | / |
| Customer Support | 24/5 support - email: support@coinibank.co |
COINIBANK was registered in 2020. It offers trading services on forex and CFDs, and it uses its own trading platforms, which are available on both desktop and mobile devices. However, it is not regulated, and certain information related to accounts or trading details is not clear because its subpages cannot be reached.
Pros and Cons
| Pros | Cons |
| 24/5 customer suppot | Not regulated |
| Risk management | Not supported by MT4/MT5 |
| Inaccessible subpages |
Is COINIBANK Legit?
COINIBANK is not regulated by the financial services regulatory authority in China, which means that the company lacks regulation from its registration site. Moreover, its current status shows that client transferring is prohibited.
Risk Management
COINIBANK provides certain tools which can manage trading risks, which may lower risks and protect clients' assets.
What Can I Trade on COINIBANK?
COINIBANK provides trading services concerning forex and CFDs on cryptos, stock indices, and gold.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Gold | ✔ |
| Stock Indices | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Trading Platform
COINIBANK uses its own web trader and mobile APP as its trading platforms.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Desktop | / |
| Mobile APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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