Brokers Review

External Coins Review & Scam Check (externalcoins.com) An Analysis on Its Legitimacy and Credibility

External Coins
Conclusion
Thanks to this External Coins review, it is not difficult for traders to see that this is one platform they can rely on when they are starting their journey.
Broker Rating
4.2

External Coins Review

External Coins logo

When you talk to some experienced traders, they will tell you that the biggest challenge they faced was not related to navigating the financial markets; it was choosing the right platform for their activities. This is not because of a shortage of trading platforms and brokers in the market, but rather a shortage of ones you can rely on.

Not every platform has the resources or tools to cater to all traders and they end up disappointing their users who want to make their mark in the financial markets. If you are searching for a reliable option, I believe this External Coins review can come in handy.

I had been unsure of what to expect when I first came upon the Externalcoins.com broker, but when I went through its offerings, I learned about the various aspects of the platform that proved its reliability. What are these features? You can find out in this review.

External Coins website

Demo trading option

The fact that there was a demo trading option on the Externalcoins.com trading platform immediately caught my eye because only the most trustworthy and professional brokers give this option nowadays. It is a wonderful opportunity for traders to get a firsthand look at the platform they will eventually use for their trading activities and determine if it is a good fit for them or not. They can also ascertain if it has the technology and tools they are looking for.

Apart from that, the demo trading option also allows traders to use virtual currency for engaging in trading activities to get the hang of it, especially if they are newbies. Even if they have experience, they can consider it a chance to implement new strategies to know what type of outcome to expect. This can help in minimizing trading risks significantly because you can refine strategies to reduce mistakes.

Compliance with AML and KYC policies

The AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies are considered two of the top security policies in the world and the ExternalCoins broker has opted to comply with them to provide its users with a secure trading environment.

With these policies, the broker is able to mitigate the risks of financial fraud, money laundering and identity theft. This is because these policies require everyone who signs up with the broker to verify their account by providing proof of identity and proof of residence. No fake or fraudulent account can be created to carry out criminal activities, which automatically provides security.

Encryption of all data

It is understood that when you are signing up with a broker, you will share plenty of personal information with it for opening your account. Likewise, compliance with AML and KYC policies also requires you to share sensitive documents and data that could be misused if it ends up in the wrong hands. Therefore, the fact that the ExternalCoins trading platform has employed the highest encryption standards for protecting their data can give you peace of mind.

As your data is encrypted, unauthorized parties cannot view it without permission and it will not be used for any illegal activities.

Multiple support options

There will be times during your online trading journey that you will encounter issues, or have questions about something. There could be technical problems, or even general concerns that you need an answer to. No matter what the situation, you do not want to wait for assistance because delays can lead to losses in the financial markets. Keeping that in mind, the External Coins broker has provided its clients with professional and cooperative customer support.

This is exactly what you need when you are facing a dilemma, as it allows you to continue with your trading activities. You will come across multiple customer support options on the External Coins trading platform that can be used for reaching out to their support staff for any kind of assistance.

External Coins customer support

They are properly trained and possess extensive trading knowledge that they use for providing you with the solutions you need. They can be contacted through the social media channels, or you can use phone or email to connect with them. The website also has an FAQ page where you can find the answers you are looking for.

Is External Coins scam or legit?

There have been too many incidents of trading platforms turning out to be complete and utter disappointments later. In fact, many of them are even scams, so no one wants to take any risks. I wanted to make sure there was no External Coins scam, so I did my homework. It is upfront and clear in terms of its policies and trading conditions, which shows that it is an authentic broker.

Closing Thoughts

Thanks to this External Coins review, it is not difficult for traders to see that this is one platform they can rely on when they are starting their journey.

Written by
Maurice Alvarado

Maurice Alvarado, a titan in the realm of crypto journalism, delves deep into the intricacies of blockchain and digital assets. With a blend of razor-sharp analysis and clarity, Maurice's writings illuminate the crypto landscape, making him an essential read for those seeking profound insights into the digital economy.

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