Since Coin Capital FXs official website (https://coincapitalfx.com) no longer works, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.
General Information
Registered in the United Kingdom, Coin Capital FX presents itself as an online forex broker providing a series of trading instruments, such as Forex, Stocks, Cryptocurrency though a web trader. To trade with Coin Capital FX, an initial deposit of $500 is required.
However, as a UK-registered forex broker, Coin Capital FX is not authorized or regulated by FCA or other regulatory authority. Please be aware of the risk.
Market Instruments
Coin Capital FX provides its clients access trading on Foreign Exchange, Bank Transfer, as well as Cryptocurrency.
Minimum Deposit
To trade with Coin Capital FX, an initial deposit of $500 is what you need to take if you could bear the risk of trading with an unregulated forex broker. This is twice the amount than what most legit forex brokers require as a start.
Leverage
Coin Capital FX does not elaborate on the leverage ratios they offer. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
What Coin Capital FX offers is not the industry-leading MT4 or MT5 trading platform, a web platform with simple design and some basic charting functionalities.
Payment Methods
The minimum deposit is $500 and Coin Capital FX allows its clients to make a deposit and withdrawal through Credit Cards, Bank Wire, and PayPal. However, after signing up with them, we find that deposit can only be done through Bitcoin. Payments through VISA and MasterCard are safer, because they allow chargebacks within 540 days from the date of deposit to those have fallen victims an investment scam.
Customer Support
As an unregulated forex broker, Coin Capital FX offers the poor customer support. Clients with any inquiries or trading-related issues can reach out to this broker through the following contact channels:
Telephone: +1 (307) 364-0491
Email: INFO@COINCAPITALFX.COM
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
