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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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Coverdeal reviews

6/10 (votes 2374)

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On-line since: 2012
Country of origin: Cyprus
Regulation: Cyprus Securities and Exchange Commission (CySEC)
Payment options: wire transfer, credit cards
Minimum account size: $250
Minimum lot size: -
Leverage: from 1:2 to 1:30
Spreads: 3 pips

Coverdeal Holdings Limited is a licensed investment company regulated by the Cyprus Securities and Exchange Commission (License 231/14). The company operates in accordance with the MiFID Directive, which allows it to carry out its activities in the European Union, as well as in South Africa and the UAE. Coverdeal Holdings Ltd`s clients include both legal entities and physical ones, who are basically classified as retail clients.

Services:

Clients are provided with investment services, for instance reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients and dealing on own account.

Also, clients can receive additional services such as storage and management of financial instruments, granting credits, investment research and financial analysis.

Trading conditions:

Clients have a large number of trading instruments: more than 50 currency pairs, precious metals, about 200 stocks, bonds, cryptocurrencies etc. In order to start trading, it will be enough to deposit $250. Clients may find more details about the terms of trade on the website. Coverdeal Holdings Limited uses the MetaTrader5 platform.

Risk warnings:

The Company encourages not to participate in investments if the client does not understand all the risks associated with each of the financial instruments. Before applying to open an account, the client should carefully consider whether investing in a particular financial instrument is suitable for him.

However, the company protects clients from negative balances, which means that clients will never lose more funds than they have deposited into their trading account.

Support service:

Coverdeal Holdings Limited provides clients with multilingual support on a 24-hour basis by phone, email and fax.

Comments left by traders:

Traders dissatisfied with the delays in withdrawing money, but they note the good work of the support service.

Advantages:

A reliable broker, as the company`s activities are regulated by the state.
Multilingual support
Trading conditions are publicly available

Disadvantages:

High spreads
Few payment methods

Add your review

Comments about broker

Tarun trader

review Coverdeal

23-06-22

If you do not want to waste your money, then you better stay away from Coverdeal. I have invested $250 on this broker and I accomplished nothing because of their faulty platform. There is a lot of slippage and it completely ignores the the stop loss and take profit that I set. On top of that, it closed some of my trades without my permission. The support team also irresponsible and ignorant. This kind of broker is not the kind that should be trusted.

Wissern trader

review Coverdeal

12-10-21

Whenever I have a trouble with my trading activities or there is something I am confused about, I can easily reach out to the support team as they are available any time and any day. They respond quickly and they are very patient in listening to my concern and giving me answers.

Djeka trader

review Coverdeal

13-09-21

They will never be trusted and would be much close your account at the broker. Too long if I tell all my bad experience in Coverdeal. Good broker should be able to give the best for the client. This broker is always disappointing all clients. Many of which have already proved their disappointment. Many are disappointed with this broker. Then, there are slippages all the time and several times, my orders and positions in trading platform have been closed without any reason.

Queab trader

review Coverdeal

20-06-21

First 2 months were good with Coverdeal. Now they come out a most horrible broker! Very poor executions, had an exit order in and it took a full one minute to execute and created a negative balance on a trade that was profitable if it was executed in a timely manner. I have been dealing with tech support for more than two 15 days to resolve issue and I still can't log into my live account.

Tony trader

review Coverdeal

26-01-21

Coverdeal has been my broker for almost two years now. All throughout my trading experience, this broker never disappointed me. I have already tried trading during calm and highly volatile markets and I am able to earn on both situations. This is because Coverdeal has an amazing platform that regardless of the market situation, their clients will still be able to trade comfortably.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

Coverdeal reviews

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