A detailed review about CoiniBank
The CoiniBank is always represented as a leading online forex broker and it provides more than 300 trading instruments that include more than 60 currency pairs and several other CFDs on stocks, ETFs, commodities, indices, bonds and crypto coins with a choice of six account forms, tight spread, an online based platform, generous trading bonuses and leverage as high as 1:200. This might definitely know as an impressive trading facility, if only CoiniBank was a regulated as well as a legit broker. Its website is practically secret and they have no legal forex license.
Is CoiniBank legit?
The CoiniBank is not a legit platform, but an unregulated as well as an anonymous site. It is quite complex to discover any relevant information on the ownership of this broker. After a thorough research, you just come across a company name in their terms and conditions. Also, you will not make money with this unregulated site such as CoiniBank; because you will obtain scammed. However, this CoiniBank stands the complete trademarks of a scam and beginning with their saving account that they provide along with their standard trading accounts.
Primarily, you are asked to deposit between 5000 USD and 50, 000 USD based on the account type you select for a specific time period like six months, one year or two year with a pledge, which you will obtain the assured profits without even performing any trading yourself. As like all other CFD and forex brokers, the CoiniBank also act as trading market makers that primarily means they make money, whenever the traders lose. If you belief your funds to be managed by a market makers such as CoiniBank, they will act in their great interest and will also mismanage your money and lose each penny in their own pouches.