Working 9-to-5 can often be frustrating, particularly when you want to increase your income. Sure, you could work part-time and get another job, but this will only add to your burden because it means more responsibilities and schedules. But, what if there was a way to increase your earnings while enjoying a lot of flexibility? This is exactly what you can do via trading. This is not something new; people have been trading in the stock exchange market and the forex market for years and a lot of millionaires we know today earned through this profession. The fact that you can generate high returns with a little capital and in a short span of time has only enhanced its appeal.
With the advancement in technology and the use of the internet, online trading has become a worldwide phenomenon. After all, it enables people to trade from the comfort of their home because they can now find online brokers ready to cater to them. You no longer need to step out of your home in order to earn and can make solid returns via trading. Most importantly, you don’t need any experience to start your trading career either. Even if you are a complete newbie, you can start trading, but in order to initiate the process, you have to first look for a broker.
You will not have a problem in regard to options because there are literally hundreds of brokers currently available in the market. Every other broker claims to be the best option for traders and deliberately make tempting offers to lure clients to their platform. Obviously, this creates confusion for traders and what makes it worse is the existence of scam brokers in the market. When you avail a broker’s services, you have to share your personal information with them for opening an account and also have to deposit money to start trading.
If the broker is a scam, they will steal your money and rent, share or sell your information to other cybercriminals, who may misuse it. Even if the broker is not a scam, if they don’t have proper security measures, you will be at risk. Thus, you need to be approach a broker with caution and go over their offerings, services and claims with a fine-toothed comb before you make your decision. As long as you are diligent and check the broker thoroughly, you will be able to determine if they are a legitimate or scam broker.
One of the most efficient and comprehensive brokerages in the market is Coinibank. You can go over their features in detail before choosing to sign up for their services.
Coinibank – Who Are They?
An online broker, Coinibank provides its clients the golden opportunity of trading a wide array of trading instruments from a single platform. A group of people with years of experience in the forex trading market founded this brokerage. These included industry experts and former traders who have an in-depth understanding of the market and knowledge of what tools and features can help traders in enjoying a seamless trading experience. Moreover, Coinibank has ensured that its clients get the opportunity to diversify their portfolio by offering them access to the forex market and a range of other CFDs.
However, one of the most notable reasons that have contributed to Coinibank’s surge in popularity, despite its lack of experience, is its dedication to customers. The broker has customized its offerings to accommodate the needs of different types of traders, whether they are novices or experts, and their goal is to ensure 100% customer satisfaction. Plus, the broker is constantly upgrading and expanding its services and keeping up with market trends to fulfill the needs of every client.
Coinibank- What Assets Can you Trade?
How do you make money through trading? It involves buying and selling various financial instruments and people can make profits thanks to the volatility of these instruments that results in price movements. The market encompasses thousands of instruments that can be traded, but not every trader wants to trade the same one. Some may want to focus on one asset alone while others prefer to trade a combination of assets simultaneously. Regardless of which category you fall into, it is best to opt for a broker with an extensive asset index, as they will be able to accommodate your growing and changing needs.
In this regard, Coinibank is a good choice because they offer their clients a multitude of trading instruments spread over different asset classes. Some of the top options you can check out are:
Coinibank’s asset offerings start with the world’s most liquid market, Forex. The broker has added a wide range of currency pairs that can be traded by its clients. These are a combination or major, minor and even some exotic pairs, including EUR/NZD, GBP/USD, AUD/CAD, NZD/USD, CAD/CHF, EUR/CAD, AUD/USD and CHF/JPY. The broker has also added a ton of trading tools that can come in handy when trading forex currencies.
This is an excellent addition that Coinibank has made to their asset index. You can invest in shares of some of the most reputable companies in the world and these include names like HSBC Holdings, Barclays, Carrefour, Loreal, Nintendo, Alibaba Group, Volkswagen, AT&T, Fiat, Vodafone, Apple, Deutsche Bank, Apple and BMW.
If you are not looking for too volatile assets for trading, Coinibank has added a combination of soft and hard commodities to their offerings. You can choose to trade precious metals like gold, copper, platinum and silver. If you are more inclined towards natural energies, then you can invest in Brent crude oil, RBOB gasoline and even natural gas. There are also agricultural commodities that can be traded through the broker’s platform, such as coffee, corn, sugar, soybeans, cotton, cocoa and wheat.
Traders who enjoy some risk and excitement will definitely appreciate the fact that Coinibank allows them to trade the world’s top indices. You will find options like DAX, Nikkei, DOW JONES, S&P and NASDAQ and the broker allows you to initiate leveraged trading to maximize your returns.
Along with these asset offerings, you can also trade ETFs (Exchange Traded Funds) and bonds on Coinibank. In this way, traders can enjoy a diversified portfolio, which keeps their risks and losses under control and helps them in maximizing their profits.
Coinibank- What Trading Platform do You Use?
The purpose of the trading platform is to connect traders to the market, allowing them to execute trades, monitor their positions and keep track of their portfolio. The trading platform provided by every broker is not the same; it is up to the broker’s discretion. Coinibank has also come up with their proprietary trading platform for their clients and they have ensured that their clients can benefit from a great deal of flexibility when using their creation. Their advanced trading platform can be used on any device, whether you are using a tablet, laptop, notebook or desktop PC. This is due to the fact that their platform is browser based i.e. you can access it through the broker’s website.
Hence, any device that supports a web browser and an internet connection can be used for logging into your Coinibank account and executing trades through their platform. You don’t need to be concerned about any downloading, which is extremely convenient for users who are a bit technologically-challenged. The broker’s trading platform has an interactive and user-friendly interface that doesn’t require a learning curve. Beginner and seasoned traders will be able to grasp how to use the platform without any hassle. Powered by cutting-edge technology, the broker offers superior execution on its trading platform.
Coinibank has also added an array of trading tools that can boost returns and risk management tools like trading orders that can control your risks. One-click trading is also a prominent feature of the broker’s platform and allows you to take advantage of even the tiniest market movements. There are advanced technical analysis tools available and account history can be accessed at any time. Keeping up with the fluid market, Coinibank has also developed mobile trading apps that can be downloaded on Android and iOS devices. This ensures that traders can monitor their account 24/7 and even on the move, thereby allowing them to make quick decisions.
The mobile apps have also been equipped with trading tools and features that are available on the web-based platform for providing a smooth trading experience to every trader.
Coinibank – How to Register with Them?
There is no doubt that online trading offers a great deal of simplicity and ease as opposed to offline trading, but registering with brokers can often be taxing for traders. This is because brokers ask for a lot of paperwork that can be stressful and time-consuming. Since Coinibank has a customer-centric approach, they have eliminated the red tape and established a simple and hassle-free registration process.
To start the registration process at Coinibank, you have to fill out a form on their website that asks for some essential details. You have to provide your full name, phone number, email address, location and a password. You need to be at least 18 years of age for your application to be accepted.
While your account will be registered, there is a verification process implemented by Coinibank that you need to complain. The broker has implemented it for the safety and security of its clients. It is in accordance with the KYC and AML policies, which are known as Know Your Customer and Anti-Money Laundering, respectively. As per the rules of these policies, traders have to submit documents that give Proof of Identity and Proof of Residence.
The aim of these policies is to only allow authentic accounts to be made on their platform and to prevent criminals from creating fake accounts with the intention of infiltrating or exploiting the system. Documents that can be submitted for Proof of Identity include a government-issued document like passport, national ID card or a driver’s license. Proof of Residence is provided through the submission of a utility bill, be it water, gas or electricity, a bank statement or any affidavit clearly showing your name and address. Completing this verification is necessary for every trader to be able to add funds to their Coinibank trading account and for withdrawals as well.
Coinibank – How and What Account Types are Provided?
You will be asked to open an account with the broker after completing the registration process. Different account types are provided by every broker for their clients and each of them provides various features, depending on the kind of trader it is designed for. Coinibank has also developed six account types for their clients and each of them is diverse. Other brokers typically offer three to four choices, but Coinibank has taken a different route to offer more freedom to their traders. The account types that you will find here are:
The account types at Coinibank start with Basic, which is designed for newbies, and can be opened with a minimum deposit of $250. It comes with simple features that beginners can use and to begin their trading journey. A welcome bonus of 20% is given to traders, along with access to an education center for expanding their knowledge. They receive 24/5 customer support and also can use a junior account manager for guidance.
Coinibank’s second account option is called the Standard account and is for traders with some experience and knowledge. To open this account, traders have to deposit at least $2,500 and it gives them access to every feature provided in the Basic account. The welcome bonus for this account is increased to 25% and traders are also provided trading alerts that can help in decision making.
The third account option that Coinibank has added to its trading platform is the Silver account. This account type is designed for intermediate traders and has a minimum deposit requirement of $5,000. The welcome bonus is again increased in this account and it is set at 30%. Since traders have a higher trading volume, they are now given a senior account manager. Traders are also given access to live webinars so they can learn more about the financial markets and how they work.
To accommodate serious and advanced traders, Coinibank has added the Gold account to their account types. You have to deposit a minimum of $10,000 to open this account and traders are given a bonus of 40% for opening it. Those who sign up for the account can attend expert analyst trading sessions for learning the ins and outs of the market. Traders who use this account don’t have to pay any withdrawal charges when they conduct transactions.
For skilled traders, Coinibank has introduced the Platinum account and the minimum deposit requirement is $25,000. In return, users receive a welcome bonus of 50% and they can enjoy every feature of other accounts here. In addition, they also get VIP services to help them during the trading process.
The last account type that you will find at Coinibank is called the VIP account and it is designed specifically for expert and professional traders. They have a massive daily trading volume and they can afford to meet the initial deposit requirement of this account, which is $50,000. A free savings account is provided to clients and they can also attend daily trading sessions.
Coinibank – How Can you Deposit and Withdraw Money?
After you have gone through the account types mentioned above and chosen one, you have to deposit funds to get started. To make the deposits, you have to take a look at the banking methods the client has added to their trading platform. Every broker provides different options and you can go over the ones offered by your chosen broker to select one that’s convenient for you. At Coinibank, you will find a range of deposit and withdrawal options and you can also find their policies mentioned on the broker’s website.
Regardless of what deposit method you choose, Coinibank doesn’t impose any charges. Funds can be added to your brokerage account through debit and credit cards, bank wire transfer or through e-payment solutions. While the broker itself doesn’t have any charges, third-parties like banks may have their own costs associated with deposits. The minimum deposit at Coinibank is $250, but you can deposit as much as you like. The same methods are available for withdrawal as well, but your account needs to be verified for your withdrawal transactions to be approved and processed.
You have to withdraw at least $50 and the request will be processed within six working days. As for the cost of withdrawal, it will depend on what method you use for making your withdrawals.
Coinibank – Are There any Security and Privacy Policies?
One of the most important things that you need to know about a broker is whether they have taken any security or privacy measures for protecting your information and your money. As a matter of fact, the implementation of such policies can help distinguish legitimate brokers from unregulated and suspicious ones. As far as Coinibank is concerned, the broker has gone to great lengths to satisfy their clients and reassure them about their security and privacy. The highest level of encryption technology has been used by the broker for protecting the information that customers share with them.
To protect their website, Coinibank has made use of strong firewalls as this can be very useful in keeping hackers away. As for maintaining the privacy of their clients, the brokers do not share, rent or sell the data they collect from their clients with any third party or outsider without their permission. Along with these features, Coinibank also follows the Know Your Customer and Anti-Money Laundering policies, which are known as KYC and AML policies. The former includes identity and residence verification, whereas the latter ensures that no financial crimes are conducted through the broker’s platform.
Coinibank – What Kind of Support Do they Offer?
As mentioned before, Coinibank’s aim is to provide 100% customer satisfaction and they have added features and tools that can help them achieve this goal. The broker has added an Education Center for the assistance of their clients. Here, they have provided traders with in-depth and detailed educational resources in various forms. You can find tutorials, videos and e-books on different areas of trading and they are a great source of information. It is not just newcomers who can use these resources; expert and professional traders can also find some useful content in the form of live webinars. These are conducted by market experts and can give deep insights regarding the trading world.
Coinibank also provides its clients with access to recommendations and advice of expert analysts. The broker has also added a horde of trading tools to their platform that can help in making smarter and more accurate decisions, resulting in higher profits. You will find risk management tools, such as take profit and stop loss order types, which can help in controlling losses and allow traders to earn maximum profits. Traders will also be able to keep up with market news, as the broker provides access to the latest newsfeed.
Along with these resources, an FAQ section has also been added by the broker on its website. There you can find answers to numerous questions that traders have on a regular basis. Coinibank also has a robust customer support system and you can get in touch with their representatives via different channels. The broker has a phone number on their website and also an email address that can be used for talking to their agents.
Understanding these aspects of Coinibank assures you that this is a solid brokerage, for both new traders and skilled ones, and it can be a smart choice for you. You can find the assets you want to trade and access great trading conditions that can help you earn maximum returns.