On-line since: About the company: Coverdeal Holdings Limited is a licensed investment firm based in Cyprus. Coverdeal Holdings Limited owns following domains: www.coverdealfx.eu; www.coverdealfx.cz; www.coverdealfx.pl; www.coverdealfx.sk; www.globtrex.com; and www.coverdealfx.com. Only the latter two of these domains are available. Globtrex, owned by Coverdeal, is a large broker that provides online trading services. Coverdeal is licensed and has a certificate from the Cyprus Securities and Exchange Commission (SySEC) with a license number 231/14. The company provides the following investment services: execution of orders and provision of loans on one or more financial instruments. Clients can also receive additional services: investment account maintenance by the company on behalf of the client, investment research, financial analysis, and other recommendations. SySEC is considered to be a strict regulator. Coverdeal is required to provide all information about orders and transactions, keep clients' funds in segregated accounts and participate in the Investor Compensation Fund. Coverdeal Holdings operates under the MiFID Directive, which allows it to work freely in the EU. Besides, the broker can provide services outside of the European Union in South Africa and the United Arab Emirates. Support service Coverdeal Holdings Limited offers multilingual customer support 24 hours a day. Investors can contact the support service via phone, email, and fax. The headquarters are located in Limassol, Cyprus.
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I don't want to continue my trading with Coverdeal. There were a lot of problems that occurred during my trading with them. I tried to trade, I couldn't close the order on my desired positions because their trading platform was hung. Their support service didn't solve the problem immediately. I was waiting for 15 mins to start my trading, and when it was back online, I lost $384 from my trading account. I called their support back, and they blamed me and said that mistake was mine. The proof is clear: their platform hung and stuck, and I lost my money because of that, and they said it was because my internet connection was terrible. I don't know how they run their company, they only blame their client, but the fact is that the quality of their services is terrible. Stay away from this broker. They are not a reliable broker.
Coverdeal is excellent broker. Very accurate fills and good selection of accounts. I have not had any issue with orders with them till now. I am investing in own trading account and two PAMM managers account with them, both have very safe strategy and give nice return each month. 5 Star!
Their server is down constantley on high volatility market and news a had an open position while the server was down. The price didn't even reach my stop loss. It has been physically impossible for me to be stopped out, or close out my positions at these prices as according to their charts the price has never reached these limits. And in the end I lost $ 7,000 in just 5 minutes. Slow customer service, and seems know nothing about what they are intended to do. Poor service overall.
The Coverdeal platform given me a complete platform in the market. I can deal with forex, binary, and commodities. So I've got the freedom to earn a decent profit using their one MT4 platform. So I am happy and till now I have earned almost $580 profit. Even I have seen their expert analytical reviews too, which given me 100% confident and given me a clear image of the market. I am satisfied with Coverdeal services so far.
Coverdeal appeared to be a promising broker at first. But when I opened an account with them, I saw how problematic this broker really is. Their platform is not working properly most of the time and their customer support team is not fast in responding to messages. I have requested to close my account already so I am currently waiting for my money to be released. Hope they would process it soon.
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