Coinibank Review
When it comes to joining an online platform for trading in financial markets, you have to find a broker who can offer you flexible and favorable trading conditions. It is an important thing to consider because not all the brokers on the internet have the best conditions for their traders. As a new trader or investor, you can end up losing more money than you make if you are stuck in the bad trading conditions. Unless the broker is fair with its dealings and with you, there is no way you can grow as an investor and become a professional.
Coinibank has made its name in cryptocurrency trading and investments. When you want your investments in the cryptocurrency market, it will pop up as one of the best options. The traders who have signed up on its platform call its trading conditions some of the best. Why do they call the trading conditions from StsRoyal some of the best? Let’s find out.
Why Coinibank Has the Best Trading Conditions for Crypto Traders
The Trading Signals on the Platform
If you are a new trader, it will take you some time to realize the importance of trading signals. In short, these are the signals created after technical analysis of various cryptocurrencies and assets in the financial markets to help you pick a particular position. The signal will tell you to either go long or to go short on your trade. The trading signals are there to help you with successful trades. They are used by the most professional and the most experienced traders in the market. Keep in mind that these signals are created by professionals as well. These individuals have many ways and formulas to come up with trade signals on certain assets.
With many online brokers, taking advantage of the trading signals will become costly for you. First of all, they might not have the trading signals available on the platform. What you have to do then is to find third party trading signals. In short, you have to perform a new search and find a company that you can trust to help you with your trades. You can see that it makes more sense for your broker to help you with the trading signals. In other cases, the brokers cost you a lot of money for providing you with trading signals. You don’t have to face such problems when you are with Coinibank.
Coinibank provides you the best trading signals right there on the platform. You can see whether you should buy a cryptocurrency or sell it based on these trading signals. The best thing is that you don’t even have to leave the platform. Just look at the signals, do your personal analysis, and pick the position on your favorite cryptocurrency. If you make use of the trading signals properly, you can turn into a professional trader in no time. Do not forget that it is not a newbie thing to use trading signals. In fact, professional traders use them more than new traders do.
The Leverages Are Big
This is yet another amazing feature offered to you by Coinibank that you will realize the true value of when you compare it with what other brokers have to offer you. When you sign up with online brokers, you will notice that they have different types of financial instruments for you to trade. When it comes to CFDs, you can trade in just about any financial market without owning the asset itself. When you trade these assets, you enjoy some big leverages. However, as soon as you move to the more volatile assets, the leverages start to shrink significantly. That’s because the broker is not willing to take the risk.
If you browse online and research online brokers, you will notice that some will even stop you from taking certain positions when you are trading cryptocurrencies. Yes, there are some who let you trade cryptocurrencies with any position you like and offer you leverages as well. However, their leverages can shrink down to something like 1:2. This leverage is not very attractive, especially when you are a new trader and you want to make big profits to make money quickly. With such a small leverage, your profit growth is also very slow. On the other hand, you have Coinibank offering you leverages of 1:5.
Yes, this might not sound like the biggest leverage but you don’t have to forget you are talking about cryptocurrencies. These currencies are extremely volatile and their values can be tremendously high as well. In that scenario, the broker has to take care of the trader as well. If you are a new trader and your first trade with a leverage of something like 1:50 ends up in a loss, you might not have enough money to get back on your feet again. For that reason, Coinibank has found the perfect balance for its traders. You are taking a small risk which is big enough to offer you significant profits on your cryptocurrency trades.
The Spreads Are Tight
Before you start cryptocurrencies on any trading platform, you have to make sure you look at the way the broker is going to charge you its fees. There are many ways for brokers to charge their fees and keep their business running. First, they can charge you a commission on every trade you enter. This commission increases as the size of your trade increases because it is always a percentage of the volume of your trade. The other and most recognized way of broker to charge you fees is through spreads. There is a difference between the selling and buying price of an asset when you exchange it with the broker. This difference is where the broker makes the money.
When it comes to Coinibank, it has made sure that you pay in the form of spreads. The unnecessary commissions are not there for you to pay. Due to these unnecessary commission, you can end up losing a lot of the profits on your trades. Here, it should also be mentioned that the broker is putting in its best efforts to bring you the tightest spreads in the industry. When the spreads are tight, the difference between the buying and selling price of the asset is extremely small. The advantage goes to the traders because they walk away with most of the profits landing in their pockets.
The Asset Index Is Vast
You cannot really feel the freedom of trading and investing your money in the cryptocurrency market unless you are given access to a maximum number of digital coins. Yes, Ethereum and bitcoin remain the most valuable and long-standing cryptocurrencies today, but they are not the end of it all. There are hundreds of other cryptocurrencies that are here to stay. These cryptocurrencies are serving some important purposes today. The combined system that will be formed when all the cryptocurrencies are able to serve functions they have been developed for is going to change the way the things work today.
With other brokers, you are usually limited to trading bitcoin. Yes, it is the biggest cryptocurrency of today, but it is not the only one. You have Ethereum, ripple, Litecoin, bitcoin cash, and many other cryptocurrencies available today. You need a platform where you can trade any of these currencies with ease. That’s where Coinibank comes in. It is one of the best platforms on the internet for crypto investors because it gives them access to the maximum number of cryptocurrencies. Deposit money in your online account in the form of Ethereum, Bitcoin, and Litecoin when you are with Coinibank, and you will have access to hundreds of cryptocurrencies for trading.
The Web-based Trading Experience
The one thing that can often ruin your trading experience with a broker is the type of platform you are given access to. Yes, mobile and desktop platforms look like great attractions, but they have their drawbacks. What if you are someone who likes to travel a lot? What if you don’t like to be fastened with your desktop computer hours to trade cryptocurrencies? In these scenarios, you want a trading platform that you can access regardless of where you are located and which device you are on. The trading platform from Coinibank is web-based.
With this type of trading platform, you don’t have to download any software on your device. You can use the same platform with the exact trading experience on any device of your choice such as smartphones, tablets, laptops, desktops, etc. You are never prevented from trading because you are not in your house or using your computer or favorite device.
Bottom Line
The features mentioned above combine to create a trading experience that crypto investors love about Coinibank. You will notice that Coinibank has worked on features that matter to the traders rather than focusing on gimmicks to attract new customers. If you think cryptocurrency is a financial market where you can ride on the volatile waves of price fluctuations to make money, you should not settle with any other platform than Coinibank.