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No valid regulatory information, please be aware of the risk!
General Information & Regulation
COINDEX TRADING is allegedly an online forex and CFD broker registered in China since 2013. The broker claims to provide its clients with over 100 tradable assets on the web-based trading platform, as well as a choice of four different live account types and 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that COINDEX TRADING does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.12/10. Please be aware of the risk.
COINDEX TRADING advertises that it offers access to more than 100 assets in financial markets, including forex, CFD stocks, cryptocurrencies and binary options.
COINDEX TRADING claims to offer four types of trading accounts, namely Basic, Standard, Premium and Customize Unlimited. The minimum initial deposit for the Basic account is up to $1,000. The other accounts start at $5,000$ and $10,000 respectively with the exception of the Customize Unlimited account where clients can decide the minimum deposit by themselves. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Trading Platform Available
Instead of the industry-standard MetaTrader4 and MetaTrader5, COINDEX TRADING appears to offer its clients a web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at COINDEX TRADING is said to be as high as $1,000. However, the broker says nothing about the acceptable deposit and withdrawal methods.
COINDEX TRADINGs website states that the broker does not charge any setup or maintenance fees and each trader can get a set percentage of the profit they make.
COINDEX TRADING‘s customer support can be reached by email: email@example.com, live chat or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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