Broker Review

CoinSmart Canada – Should You Choose This Trading Broker?

CoinSmart Canada logo

CoinSmart Canada logo

With diverse and leading futuristic advancements, trading markets have become more accessible. And as a matter of fact, online brokers are the foremost players streamlining the connection between financial markets and traders. CoinSmart Canada offers a trading service that integrates advanced technology and an extensive range of assets amid highly secure trading conditions.  

About the brand 

Operational since 2013, CoinSmart Canada is an online trading platform incorporating diverse trading options, ranging from cryptocurrencies to forex and stock indices. The brand maintains a robust security framework with strict measures and security audits, so as to ensure the protection of customers’ accounts and assets. Moreover, the platform includes an informative “Education” section that allows users to learn about trading basics, such as leverage, short/long positions, and cryptocurrency concepts, among other topics. 

At CoinSmart Canada, clients can also take advantage of multiple account types, various payment options, and a responsive customer support team to level up their trading endeavors. Further, the brand offers deposit bonuses, a newsroom, mobile trading apps, and zero-fee profit withdrawals to create a dynamic and efficient trading experience for its members. On the whole, CoinSmart Canada consolidates numerous high-technology tools and secure trading products to accommodate the needs of worldwide traders.  

About the brand

Security measures

CoinSmart Canada employs a multi-channel security strategy to guarantee the safety of clients’ funds and sensitive information. The brand applies 2-factor authentication (2FA) to create a double line of defense against cyber-attacks and unauthorized access attempts. Moreover, the broker implements Cloudflare technology and SSL encryption to ward off all DDoS attacks and potential vulnerabilities. Additionally, CoinSmart Canada administers standard AML and KYC policies to combat money laundering practices, establishing a trusted connection with all members.

In the case of cryptocurrencies, the broker stores the larger portion of users’ digital assets in cold storage, whereas only a small chunk is kept in online hot wallets to strengthen the safety of funds. Furthermore, the platform also implements multi-signature access with manual handling of funds to avoid any single point of failure. 

Accounts

CoinSmart Canada accommodates four types of trading accounts, Classic, Silver, Gold, and VIP, each with different deposit limits and services. Members can choose any account option according to their suitability and trading goals.

While several features are similar in all the accounts, higher levels include additional elements like raw spreads from zero, personal account managers, and other priority services. 

CoinSmart Canada account types

Summary 

CoinSmart Canada is a reputable broker providing leveraged trading services on multiple financial products, including digital currencies, indices, forex, and commodities. In addition, the broker integrates an innovative trading system with progressive technology to enact liquid and ultra-fast trading conditions. All in all, CoinSmart Canada provides traders a reliable, secure, and feature-packed space to employ their strategies and capitalize on market trends. 

CoinSmart Overview
CoinSmart Canada logo

Product Name: CoinSmart

Product Description: Operational since 2013, CoinSmart Canada is an online trading platform incorporating diverse trading options, ranging from cryptocurrencies to forex and stock indices. The brand maintains a robust security framework with strict measures and security audits, so as to ensure the protection of customers' accounts and assets.

Brand: CoinSmart

Offer URL: https://www.coinsmartcanada.com/

[ More ]

  • Trading Platform
  • Accounts
  • Assets
  • Customer Support
4.8

Summary

CoinSmart Canada is a reputable broker providing leveraged trading services on multiple financial products, including digital currencies, indices, forex, and commodities. In addition, the broker integrates an innovative trading system with progressive technology to enact liquid and ultra-fast trading conditions.

Pros

  • High-level security policies.
  • Customer support is accessible via live chat, phone, and emails. 
  • Welcome and other deposit bonuses.

Cons

  • No extra trading platform option besides the proprietary terminal. 
  • No FAQs section.

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