When we first visited CoinBrokerz’ website, we got the impression that CoinBrokerz was a cryptocurrency exchange. However, after browsing on the site we realized it is a CFD cryptocurrency broker.
We further discovered another issue: CoinBrokerz isn’t regulated nor does it have any appropriate license to offer the services advertised.
The company behind the CoinBrokerz CFD broker is an offshore company and they don’t possess a license from any regulatory body.
We were not able to open an account with CoinBrokerz or access the CoinBrokerz trading platform during the process of this review. It is possible that there is some kind of bug on the website, or they removed this function completely.
However, there is no notification of any kind that would inform traders of what is going on, and how come these features are not available.
This raises a lot of questions regarding the functionality of this broker. We are not sure if they can even provide cryptocurrency CFDs or any kind of trading services to the traders. It’s definitely a warning message to anyone interested in this CFD cryptocurrency broker.
You can find more details about CoinBrokez in our review below.
CoinBrokerz Special Features
CoinBrokerz has a separate section on their website and the following features are listed:
- CoinBrokerz accepts all leading credit cards as well as Bitcoin and Ethereum cryptocurrencies
- You can choose an account type to suit your requirements and goals
- It is possible to open an anonymous Bitcoin account
- There is no download required in order to start trading
- CoinBrokerz provides high leverage to assist you in the investment process
- Fast and lag free trading platform for maximum profitability
- Fully anonymous trading is available for Bitcoin accounts
- A variety of secure deposit methods are available
- Up to date news about cryptocurrencies
- Live Bloomberg video stream
- Widgets to alert you of new opportunities
The Anonymous Bitcoin account might sound interesting, however if you take into consideration that this broker does not have any kind of license this must be considered a very high risk.
This broker does not promote any kind of bonus to their traders.
We would like to remind you that both CySEC and FCA regulatory bodies have banned any kind of bonuses for CFD brokers. It is good to see that this broker is following their guidelines regarding bonuses.
CoinBrokerz Trading Software
Taking into consideration that we were not able to access the CoinBrokerz trading platform, we were not able to test it and we can’t provide additional information about the CoinBrokerz Trading Software.
On the top menu of the CoinBrokerz website, there is an Education section. We were very happy to see this and we were hoping to get more information about cryptocurrencies, cryptocurrency trading, and cryptocurrency CFDs.
However, the information provided under the Education section is not very detailed. Basic explanations of Bitcoin, Ethereum, Ripple and Litecoin cryptocurrencies are available, as well as the definition of cryptocurrencies in general.
They published a few more words about cryptocurrency CFD trading on their website and that was it.
We have to admit that we were disappointed.
CoinBrokerz and Bitcoin
CoinBrokerz has a separate section about Bitcoin. This is not a surprise since Bitcoin still presents the most popular cryptocurrency.
In this section they provide short information about the definition of Bitcoin and Bitcoin wallets. They also mentioned some information about the transaction fees and the anonymity that Bitcoin provides.
Two Youtube videos are also embedded on the website and both of the videos are trying to explain what Bitcoin is.