If you are looking for a platform where you can unleash your trading potential, you are probably wondering: Is Koinal a trustworthy broker? I can assure you that Koinal has everything a trader needs. And what exactly, you will find out from the review below.
As there is a growing reliance on automation and digitalization, it is important to choose a platform that ensures the complete safety of your data. Crypto trading involves transactions that have sensitive information about an individual. So if you are not sure whether your trading platform has optimal security measures in position to keep your data safe, you will be living under a constant cyber-security threat. In this Koinal review, I will be telling you about a platform that takes the safety and security of users’ data very seriously.
This platform uses various safety protocols and mechanisms to ensure no one can get through its systems. Let’s tell people and find out about the different features you can get from the Koinal.ai broker.
Advanced Encryption Protocols and Mechanisms
The most important thing about the Koinal trading platform is that it has employed the most advanced encryption protocols and mechanisms to keep customer data safe. As a reviewer, I always look at the data protection and security measures a particular platform has taken before reviewing it. So I checked the security and data protection measures taken by this online brokerage firm as well.
As soon as you provide any data to the platform, it will automatically and instantly encrypt all of the information. Once that is done, this information will only be decrypted upon reaching its final destination. This is one of the best ways to ensure that no cybercriminal or hacker can use your information even if they get their hands on it.
Separate Accounts for Funds
Another great thing about the Koinal broker is that it maintains a separate account for the operational activities and the funds deposited by the users. This gives users a more transparent idea about how their funds are being used by a broker. The reason to keep a separate account for both funds is that the users can trust the platform.
In addition to that, traders also have the luxury to make deposits to their trading accounts via different sources. For instance, you can use debit/credit cards with the MasterCard or Visa logo. Additionally, you can also deposit the funds into the trading account through bank or wire transfers.
Limit on Leverages for Low-Level Accounts
Are you finding it difficult to accumulate enough funds that can help you get a huge return from a potential opportunity? In that case, you might want to consider the leverage option available from the Koinal.ai trading platform. The leverages are the funds that you can borrow from the broker to make a larger investment and enjoy a greater yield from it. However, it is important to keep in mind that the leverage option comes with a certain amount of risk.
It is the primary reason why the platform has set a low limit for low-tier accounts. As you gain more experience in crypto trading, you can upgrade your account to access a higher amount for leverage. Either way, it is highly recommended that you only use leverages if you are completely sure about the opportunity in hand. In my opinion, the leverages are one of the key takeaways of the Koinal.ai review.
Compliance with the KYC and AML
While online trading might have become a new norm, there are still people that might not want to go for this option. This is because many people are still not sure whether or not they can trust a platform with their critical and sensitive information. As a result, it dissuades them from joining the online space. However, that won’t be the problem with the Koinal broker since it provides a secure online environment to the people through Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance
By enforcing these policies, the platform ensures that each person will verify their identity first. The primary reason for doing is to ensure that the person making is exactly who they claim to be. Furthermore, the AML policies will also ensure that the team at Koinal.ai flags any suspicious activity beforehand.
Is Koinal.ai Scam or Legit?
When writing this Koinal review, I realized that there are some additional capabilities of this platform that not many people would take heed of. For instance, it has a minimalist user interface that gives a streamlined trading experience to all users. With so many features available, I think it is safe to say that the Koinal trading platform is a broker that you can trust.
In the end, I would just like to give a recap of the overall features that the Koinal broker has to offer. Its highly advanced security protocols and KYC/AML compliance helps it to gain the trust of its users. Moreover, it also ensures that the users can have access to the latest situations to make the right trading decisions.