Coverdeal FX

According to WikiFX assessment, Coverdeal FX exhibits a very low level of safety and reliability. The broker's operational profile raises significant concerns, highlighted by a WikiFX Score of 1.57. The primary reason for this assessment is its unregulated status, as it holds no valid, active forex trading licenses. Any associated licenses, such as a past CySEC Market Making license, have been revoked. Investors should exercise profound caution due to the complete absence of credible regulatory oversight.

Coverdeal FX is not regulated for forex trading. While the broker is listed as Coverdeal Holdings Limited in Cyprus, it does not hold any active forex licenses. WikiFX data indicates that a single Market Making license from the Cyprus Securities and Exchange Commission (CySEC) is associated with the entity but is listed with a status of 'Revoked.' Therefore, the broker currently operates without direct oversight from a reputable financial authority.

Information regarding the specific minimum deposit requirement for Coverdeal FX is not currently publicly disclosed. This is a significant piece of information for potential traders, as it affects account accessibility. Without clear public documentation on deposit thresholds, it is advisable for investors to proceed with caution.

Coverdeal FX is not listed as a partner on the official MetaQuotes website. While the firm's WikiFX profile indicates a software service index score, this data is inconclusive regarding direct platform support. The definitive availability of the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms with this broker cannot be confirmed based on current information.