If you are looking for an online trading platform that offers user friendly tools and a range of accounts geared for all requirements, CoinsFM is worth exploring. Founded by a dedicated and passionate team of individuals. This is a dynamic brand that consists of well-versed members who have substantial experience in trading cryptocurrencies and a platform with features particularly appropriate for trading Contracts for Difference (CFDs).
What Are CFDs?
The financial instrument known as a Contract for Difference (CFD) allows traders to take ownership of an asset class without buying it outright. Traders can open as many orders as they wish, depending on the CFD options available on the platform at the time. This is clearly depicted on the trading platform where it is tracked at all times.
Leverage and Spread
By using leverage on CoinsFM, traders are able to control a more substantial amount in the markets without a substantial layout of capital. For example, if a trader’s account balance is $1,000 and the trader wishes to employ leverage of 1:200, the trader can use these tools to gain control of up to $200,000 in the markets. The spread is the difference between the buying and selling prices of the asset. By offering flexible spreads, CoinsFM represents a significant picture of the market.
Exceptional Customer Support
CoinsFM offers four types of accounts, each with a designated account manager. Account managers are season individuals who are hired to support clients every step of the way, from opening and activating the account to managing it. It is important to note that even when an account manager is assigned, the owner of the account has access to the account at all times. The account manager is ultimately a tool to assist with the functionality of the platform itself. In addition to account managers, CoinsFM has a world-class support department available through live-chat online, email, and telephone.
CoinsFM’s Outlook on Scalping
CoinsFM is against scalping, which is a practice where the trader engages with the platform to facilitate unfair and abusive trading practices. Scalping involves closing a position in under five minutes of opening it manually or through a pending order. This type of price manipulation is designed to exploit errors in price quotations and is illicit because it gives the trader an unfair advantage. Traders who engage in scalping or other unfair trading practices run the risk of having their accounts suspended or frozen. CoinsFM prides itself in ethical trading practices that ultimately ensure a secure trading experience for everyone.
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