Bendigo Coins Review Explained | What Are the Pros & Cons? What Are the Benefits? How Does It Work? (www.bendigocoins.com)
Hello traders! I am so excited to share my experience with the Bendigo Coins forex trading platform. I have been trading for a few years now and have made quite a bit of money.
But with Bendigo Coins, I could trade better! Bendigo coins is a forex trading platform that allows you to trade the currency market without manually doing it.
Bendigo Coins uses their unique algorithm, which makes trades based on how much they pay traders when they open and close positions, in other words, making Bendigo Coins one of the generous trading platforms out there! The point system Bendigo Coins uses is quite brilliant.
My Experience
My brother recently wanted to get into trading, and he had very little knowledge; when he approached me for some help to pick out a decent forex broker online, I realized that how hard it can be for a beginner to settle on a good broker. Bendigo coins have been around for a few years now and offer exceptionally good results.
I was able to sign my brother up on Bendigo Coins, and he acquired a couple of thousand without too much hassle; he is already seeing his first profits within the first week of trading! Bendigo Coins can be a great place to start for beginners looking to learn the ropes of trading. Bendigo Coins is a great place to trade from because its platform is beginner-friendly and easy to navigate. They also have a very helpful and knowledgeable customer support team that can be reached 24/7.
In my Bendigo Coins review, I will talk about Bendigo Coins as a trading platform for beginners and advanced traders. I will speak about Bendigo Coins’ features, benefits, and how Bendigo Coins works. Bendigo Coins has a decent trading platform that allows you to make money while helping traders get started with the platform. They offer one of the best referral programs out there. Bendigo Coins is a decent forex broker for both beginners and professional traders.
My Bendigo Coins experience has been very positive so far, their customer support is outstanding, and they have proven to be a very generous platform with what they offer traders! Bendigo Coins has helped me make more money in the past four months than I have made with any other forex trading platform so far. Bendigo Coins is great for both beginners and advanced traders.
Forex Trading Platform:
Like most forex brokers, Bendigo Coins uses the Metatrader4 trading platform to trade forex.
The Metatrader4 is one of the best platforms in the market for trading forex; it is very user-friendly and allows traders to quickly get in and out of trades.
Bendigo Coins has a good selection of advanced indicators and tools that allow traders to fine-tune their strategies when trading on the platform. The Metatrader4 has well over 100 technical indicators applicable to any chart type.
Bendigo Coins offers traders the ability to back test their full trading strategies on historical charts for them to save time when setting up their trading environment.
Another great feature of the Metatrader4 platform is connecting it with your social media accounts to monitor changes in the stock market, commodity, and currency prices. Bendigo Coins has a very simple and beginner-friendly interface which is great for those just starting with forex trading or those who want to learn how to trade.
Bendigo Coins account funding options:
You can deposit your funds using a credit/debit card, wire transfer, and Skrill.
What Are Some Features Bendigo Coins Offers?
Most Bendigo Coins reviews don’t mention this, but Bendigo Coins has a good asset collection for trading. You can trade forex, indices, commodities, and stocks with Bendigo Coins which is great for diversifying their portfolios.
Bendigo Coins offers low spreads on most of its trading assets, making it one of the best trading platforms out there! Most brokers have large spreads, but Bendigo Coins has managed to keep their spreads on their main trading pairs quite small.
Bendigo Coins has a decent portfolio of beginner-friendly trading tools and indicators available at the click of a mouse. The Metatrader4 platform comes with over 100 technical indicators which can be applied to any chart type!
Bendigo Coins does not charge commissions when depositing your funds, but they do have withdrawal fees which can be found here.
Does the Education Centre Help Traders?
Yes, yes, it does! The Education Centre on the Metatrader4 platform is one of the best educational platforms, with an extensive amount of learning materials for traders looking to learn how to trade.
The broker also offers webinars and live trading sessions where experienced traders explain how to use certain indicators and systems and fundamental analysis, which will help you better understand market movements.
Bendigo Coins account types:
When we talk about ‘Bendigo Coins Account Types,’ we usually refer to the different tier levels that a trader can sign up for at Bendigo Coins.
The more you deposit with Bendigo Coins, the higher your account tier will usually be, which allows you to trade on the platform using larger lots (trading units).
Bendigo Coins offers six different account types for traders looking to fund an account with them.
- Self-Managed €250+
- Basic €5,000+
- Gold €10,000+
- Platinum €25,000+
- Diamond €50,000+
- Libra Invitation Only.
Customer support:
I usually don’t write about customer support in my reviews, but Bendigo Coins has gone over and beyond my expectations in terms of customer service.
I was always able to get my problems solved with their support team. Even if I had the smallest issue, they quickly processed any refunds or deposits that I requested. They have an amazing live chat feature available 24/7, so you can always get your questions answered in real-time. If you are having trouble connecting with the live chat agents, you can also send them an email or call their hotline for account-related issues.
In my Bendigo Coins review, I have talked about how Bendigo Coins offers one of the best referral programs out there, and they are very generous with what they offer traders who spread the word about their amazing platform.
Bendigo Coins has a complete set of risk management tools to help you manage your trading experience; this includes an easy-to-use stop-loss feature that helps traders limit their risk.
Bendigo Coins is a good forex trading platform suitable for beginners and professional traders.
How does it work?
To understand how Bendigo Coins works, you need to know a little bit about forex trading. For those of you who don’t know, forex trading is the largest financial market in the world, and it allows traders to buy and sell foreign currencies with one another.
As a trader, you will be investing your money into a certain currency for a certain period, and once that time expires, you will exit out of that trade by selling your currency for another one.
Trading forex is not very easy, though. It requires dedication and a lot of practice to succeed at forex trading. With enough practice, patience, and persistence, you can make good money with the right forex trading education (like the free eBooks Bendigo Coins has). One of the most popular ways to invest in the forex market is by using a forex trading platform, which Bendigo Coins offers their traders.
Pros of the broker:
#1 Great deposit and withdrawal options.
I have had no issues depositing funds to my Bendigo Coins account or withdrawing them to my credit card or bank account.
#2 Outstanding customer service.
They have a live chat feature that is usually available 24/7, and their support team has always been helpful whenever I needed assistance with anything. They’re very quick to process your requests.
#3 User-friendly interface.
I’ve had no trouble navigating through the platform as it is very easy to use and intuitive.
#4 Very competitive commissions.
Their commission rates are 2-5% depending on your account tier, and you will only ever pay a single commission fee per trade, which is very reasonable, in my opinion.
Cons of the broker:
#1 The platform has a minimum deposit requirement of $250.
While this is not a big problem for most forex traders, it can be an issue for some beginners looking to test out the waters with low-risk trades.
#2 Fewer Indices to trade.
While there are over 40 currency pairs to choose from, the number of indices you will have access to is significantly lower (only two), and it would’ve been nice if they had more indices for traders who like trading on those contracts.
No negative balance protection is available for novice traders.
Bendigo Coins is an easy-to-use, beginner-friendly forex trading platform that allows traders to learn the ropes of the forex market in a risk-free environment with minimal risk.
If you are looking for an online broker that gives you access to the world’s largest financial market, then Bendigo Coins is a decent platform!
Is Bendigo Coin a scam or a legitimate business opportunity?
The answer to this question is, “NO, Bendigo Coins is not a scam.” It’s simply an online forex broker based in the UK that offers novice traders the opportunity to join their free trading signals service.
Disclaimer: This review is written from the guest writers own experience and their self-knowledge only and this is not a recommendation.
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