CoinePro Review – Is it legit?

CONTENT

• GENERAL INFORMATION
• FUNDS TRADING AND SECURITY
• TRADING ACCOUNTS
• TRADING CONDITIONS
• TRADING PLATFORM
• COINEPRO’S TRADING PRODUCTS
• CUSTOMER SERVICE
• CONCLUSION

General Information

CoinePro is a broker that started working in 2020 and was instantly hit with a ton of negative publicity and reviews. They have since redone their website in hopes of starting over. However, the fresh layer of paint on the site didn’t do much to correct the broker’s poor service and malicious behavior.

In our CoinePro review, we’ll provide you with some insight on how the broker functions, as well as why it was so negatively received.

Funds Trading and Security

The foundation of any quality broker is good security. There’s been a surge of scam brokers for quite some time now, so avoiding theft has become a primary concern. Sadly, CoinePro raises all the red flags of a scam broker.

The first issue that should be enough to turn you away on its own is the lack of location info. Finding out where CoinePro operates from is nearly impossible, although some sources claim they’re located, to nobody’s surprise, offshore. If you can’t even find a broker, getting compensation for any irregularities is nothing more than a pipe dream.

Naturally, their lack of specific location is followed by a lack of regulation. So the only security measure you can rely on when depositing your money is trust. But that’s where the next issue arises since many have marked CoinePro as a scam.

In less than a year, they’ve gained so much negative traction that they’ve had to reskin their site to avoid the negative publicity. Positive reviews are hard to come by, and even when you find them, it’s obvious that they are either faked or sponsored. The broker doesn’t show a single quality that would indicate trustworthiness, and unless you want to risk your funds getting stolen, you should avoid doing business with them.

Trading Accounts

The accounts at CoinePro almost perfectly follow the shady broker formula. First off, there’s no demo account, so you need to invest if you even want to try out what the broker offers. Next, the lowest account type requires $250. We’re unsure why, but that exact amount is what most scam brokers ask for, almost like there’s some sort of unwritten agreement.

The next sign is that, while the lowest account requires $250, the next one is quite a bit more expensive. CoinePro decided to make the amount you need to invest for the next type $5000. Beyond that, there are other overpriced accounts that nobody in their right mind would reach.

Other CoinePro.com reviews mostly use their old website, which was riddled with typos and misused terms. We looked at the new one, and while they did improve, there’s still a ridiculous number of mistakes that should’ve been picked up. For example, their middle account is named Standart, and they present their leverage as 200/300/400, as opposed to 1:X.

Typos aren’t a huge deal, but they show an extreme level of sloppiness and carelessness.

Trading Conditions

Even if we disregard that CoinePro is entirely untrustworthy, their trading conditions are entirely underwhelming. To reach acceptable leverage, you need to invest a large amount of money, and none of the other conditions stand out. The broker falsely claims that they’ve got instant transactions, and they use a custom platform while hiding a lot of crucial info. We’d be hard-pressed to find anything positive to say about the trading experience at CoinePro.

Trading Platform

We mentioned earlier in our CoinePro review that they use a self-developed platform. While that isn’t always a bad thing, combined with the absence of a demo account, it makes for another red flag. Custom software is often clunky and has security issues, and in this case, indicates carelessness.

CoinePro’s Trading Products

CoinePro has a dedicated asset page, unlike some other scam brokers. It shows the product categories, containing forex, crypto, commodities, shares, indices, and metals. You can click on each of the categories and see an asset list. That makes for one section of CoinePro’s website that actually shows you what you want to see.

Customer Service

CoinePro was lazy in organizing their customer support team as well, as you can only reach them via email. It’s entirely understandable that, since CoinePro is a scam, they don’t want you to reach them.

Email: [email protected]

CoinePro Review: Conclusion

If there’s one positive thing to say about CoinePro, it’s that they’re consistent. Their service and website are consistently messy and lazy. Considering that they’re a scam, we assume they would’ve at least done more to lure customers in, but as it stands, we’re uncertain who would even want to use their service.

If you read the rest of our CoinePro.com review, it goes without saying, but you should definitely avoid using the broker’s services.