CoinMama Review 2021
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| Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ | ||
CoinMama is broker that offers traders Cryptocurrency. Surprisingly, CoinMama does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, CoinMama has Demo Accounts but is missing Islamic Accounts, Social Trading, Signals and Auto Trading.
Cryptocurrency traders have a very decent number of coins to trade at CoinMama, 6 in fact: BTC, ETH, LTC, ADA, BCH and XTZ.
Please note that CoinMama is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
CoinMama Summary
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
Ratings
| Bonus | None |
|---|---|
| Instruments | Crypto |
| Demo Account | ✓ |
| Min. Deposit | €/£/$100 |
| Min. Trade | €/£/$100 |
| Regulated By | |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
Cryptocurrency Trading
Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ
| Spread | Variable From 6% |
|---|---|
| Coins | BTC, ETH, LTC, ADA, BCH, XTZ |
FAQ
Is CoinMama Safe?
In our review we gave CoinMama a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that CoinMama is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does CoinMama Accept PayPal?
No, CoinMama does not accept PayPal payments.
Is CoinMama Halal?
Probably not, as CoinMama does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
Is CoinMama Regulated?
No, unfortunately CoinMama is not regulated to our knowledge. Careful traders might want to check out our list of FCA regulated brokers for options.
CoinMama vs Other Brokers
If you want to compare CoinMama with other brokers, use the detailed comparisons below.
- CMC Markets vs CoinMama
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- RoboForex vs CoinMama
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| Coinmama aim to make entering the crypto market as easy as possible, offering BTC,ETH,LTC,ADA,BCH and XTZ | ||