I traded for over 7 years with hundreds of brokers who offer the Forex market, some good and others bad. But I have to say that NAB-Coins is one of the decent ones in the market. I am happy to review NAB-Coins, a decent broker for you all who want quality service without giving preferences or subjecting customers to different services depending on their account package. I’m sure you will all agree with me that it is better to pay a small fee for quality service, rather than paying the same amount to get nothing but problems.
NAB-Coins offer SIX types of accounts: Self-Managed, Basic, Gold, Platinum, Diamond, and Libra. The first two are aimed at investors who require more contacts and communication with the customer support team. The remaining packages are for those who want a lot of contacts and a big account, and priority service with no delays.
NAB-Coins offer all types of open trades from 0 to 24 hours due to their quality execution system against other brokers with small accounts and do not care about client satisfaction.
This NAB-Coins review has been based on my own personal experience with the company. I have not received any incentive for this review, so I can say honestly about my experiences.
Now I would like to review each aspect of this broker in detail:
1. The Metrics: 4/5
As you know, when it comes to financial instruments, one of the most important things is the MT4 software for your device that allows you to open trades online. This broker offers 6 different types of accounts that each have access and quality support for clients looking for more than just a basic service. Even the basic account holders get access to a trading room and market depth graph, which tells you where to buy and sell without necessarily chasing for quotes around the web.
The quality of the software is very good because it comes with features such as The EAs (Expert Advisors) that activate orders when conditions are met automatically in the MT4 software, the ability to choose between several trading accounts that vary in terms of spread, commissions, and leverage.
I did not find any disconnection problems while reviewing NAB-Coins, and I even made some trades with 200:1 leverage and had no break in connection.
When it comes to the metrics for this broker, you can see that they offer over 100+ financial instruments such as currencies, metals, indices, and stocks. This is a big drawback on many other online platforms because many offer a limited number of financial instruments. I personally love to take advantage of the volatility in all markets, mainly because it allows me to open trades that last from 1 minute to 24 hours and, at times, even longer.
It is important to mention that each account type has its leverage limit regarding the available leverage. The minimum for each one is set according to the margin requirements of the assets you intend to trade with. Remember that increasing the leverage means increasing the risk.
2. The Features: 5/5
The platform available for this broker allows you to trade with several types of assets, having an excellent detailed market analysis system through which you can see all kinds of technical indicators and forecasts that will help you make better investment decisions.
I review brokers for their technical aspects and their customer support team, and how fast you can get your questions answered. I have to say that this broker was very fast in answering all my questions, not only on the website but also on their online chat support.
As for the customer service, you can contact them via live chat, email, or phone for the customer service. They are available 24 hours a day with adequate staff ready to deal with your requests because they have many clients from all over the world.
3. Deposit/Withdrawal: 4/5
It takes to make a deposit is very fast and may take as little as 5 minutes. You can deposit money directly through your trading account, by wire transfer or by credit card, making it very easy for you to get started. This NAB-Coins review would not be complete without mentioning that this broker really cares for the deposit/withdrawal service.
The minimum amount is $100 or 1% of your total account when it comes to withdrawals. You can withdraw money through a MasterCard, Maestro, Credit card, and Wire transfer. The broker usually takes less time to process a withdrawal request and another 24 hours for the funds to reach your bank account by international transfer.
4. Education Centre: 3.5/5
To make a profitable trading decision, you must consider some basic knowledge of the markets and how they work. In this section and many other sections on their website, you will find some educational material where you can gain valuable insight into the Forex market.
I found this very helpful because it allowed me to learn more about the markets and how they work. My personal experience is that gaining knowledge about these things is one of the best ways to improve my trading.
NAB-Coins has a good Education Centre. It can help you learn about the Forex market and how it works. I found this helpful because it taught me more about trading, making me better at it.
5. EAs (Expert Advisors): 4/5
The use of expert advisors, or EAs as they are usually referred to, is very common among brokers because it makes the traders’ life easier by automatically making trades for them according to their parameters. One of the most important things that people look for in an EA is its success rate, and I can say that this broker has a decent amount of them with very good results.
6. Order Execution: 4/5
All transactions through an ECN broker are done electronically by your Forex dealer via FTP or fast execution, which means that you will get the prices instantly to complete your order. This is one of my favorite features since I trade with fast-moving currencies, and it is an advantage if the broker can provide me with good prices.
I am happy to say that the order execution speed is very fast for this type of broker, which means you will experience no major problems regarding this aspect.
7. Trading Platforms: 3.3/5
You have the option to trade via a web-based platform, mobile application, or downloadable software. I always say that the ideal broker should offer all these options since it gives them more freedom.
NAB -Coins uses MetaTrader4, the most popular trading platform in the world. It allows you to trade with automated strategies through EAs. You can also access it through your mobile or your computer’s browser.
Overall, I am very satisfied with NAB -Coins’ trading platforms and recommend them because of their easy-to-use interface.
8. Markets Offered: 4.5/5
I like this broker because they offer the most popular currency pairs for trading, such as EURUSD, GBPUSD, USDCHF, AUDUSD and USDCAD.
I was very happy that they offer a broad range of currency pairs because it gives me more freedom to choose my trades.
They also offer cryptocurrency, stocks, currencies, commodities, and indices. I have mostly traded with cryptocurrencies so far, and it is a good thing that they offer a wide variety of assets.
9. Leverage: 4/5
Most brokers do not provide leverage for cryptocurrency because it does not have a market where you can set the magnitude of your trade. However, this broker offers 2:1 leverage on Bitcoin with a maximum of 1:1 on other cryptocurrencies.
NAB-Coins offers maximum leverage of 1:50 for forex and 2:1 for cryptocurrencies which is very good in my opinion because you get the chance to make bigger trades with less capital.
10. Customer Service: 4/5
As far as I know, they offer 5 different support channels where you can easily follow up on your complaints or queries.
I used their customer service several times, especially when I first started trading at this broker. They are fast and reliable, which means that they will resolve your issues in no time.
In this NAB-Coins review, I want to give you an example of the speed at which they answered my questions.
I had two trades open with them, and one was very close to its expiry time. The price was moving fast up and down, so I decided to ask for help through their chat support.
Within less than 90 seconds, someone talked with me to see if I needed help with my trades. Keep in mind that this happened when the broker was having issues with their site, so I thought they would not answer quickly. But it seemed like this person was sitting next to me, waiting for my message. They told me that they were upgrading their website to ensure everything was working properly.
So, what makes this broker different from the rest?
First, it is important to mention that this broker offers cryptocurrency trading, which is rare even among other ECN brokers. This fact alone sets them apart from their competitors since they offer something different.
Another thing that makes them different is the education centre where you can learn about the markets and discover new strategies for your trades. It provides you with an opportunity to get up to date information on financial markets and learn how to trade successfully.
They also provide six accounts where you can practice without using your own money before real trading. Every beginner needs to familiarize themselves with the platform and test it out first to avoid any issues during live trading.
Finally, their internal system provides a fair and transparent trading environment where you can benefit from bonuses and secure your investments for the future.
I believe that NAB-Coins is one of the decent brokers on the market. They offer many features like no other broker: fast order execution, a broad range of assets, cryptocurrency trading, education centre and many more.
I can easily say that it was one of the friendliest experiences I ever had with a broker because the customer support agents are fast and reliable. Additionally, their platform is easy to use, even for beginners, so you don’t have to pay high fees for an experienced trader.
Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.