Full KuCoin Review (4.4 out of 5) A Step-by-Step Evaluation of the Exchange

KuCoin Review

The Forex industry features the biggest derivatives market with the notional value of all instruments close to $585 trillion. It is a mind-bogglingly huge domain that grants access to a wide range of investment opportunities to over 10 million retail traders. KuCoin is one of the best companies operating in this industry. If you are looking for a brand that will provide all the necessary tools for you to be successful, you will be more than satisfied with what this trading platform has to offer.

KuCoin advantages

It is hard to maintain the highest level of quality in the long run. However, KuCoin is in the top echelon of exchange service providers for a reason. This trading platform has many distinct advantages that allow its users to trade as efficiently as possible. Below are some of these benefits enjoyed by clients of KuCoin.

• Diverse financial instruments. The company grants access to hundreds of different assets. You can trade currency pairs, futures, CFD contracts, and more.
• Advanced technology. From contemporary safety measures to hi-tech solutions like automation, this exchange offers a very satisfying experience to its customers.
• Favorable trading conditions. Trade with low spreads and never pay any commissions for depositing or withdrawing money. These terms allow scalpers and day traders to make maximum profits.

KuCoin disadvantages

These are minor inconveniences to the vast majority of users, but some may find them quite important. Here are things that may negatively affect your user experience:

• The customer support team may be overwhelmed on weekends and holidays. You may expect to receive assistance at a moment’s notice during business hours.
• Banking can be slow at times. Withdrawals may be delayed by up to five business days which is specified in the User Agreement.

KuCoin trading terminal

The terminal is quite good. It is a feature-rich application that can be used to analyze the market and prices without any knowledge about fundamental analysis. Technical indicators provide signals while graphical tools allow you to gauge future support and resistance levels. It is a very comprehensive trading application that can be used to great success by people who understand technical analysis.

KuCoin mobile application

With over 5 billion users of smartphones across the globe, any modern online service must provide a multifunctional app. KuCoin has a great application that mirrors features of the website but adds additional safety measures like mandatory two-factor authentication and fingerprint scanning.

The mobile app offers you managerial features to take control of your portfolio and stay active in the FX market 24/7. The terminal has even more features compared to the web platform.

KuCoin educational materials

When it comes to the FX industry, one of the most worrying trends is the influx of investors without any exposure to financial markets and investment management. It means that many people who are making their first moves in Forex do not understand how to regulate risks, evaluate potential profits, and use technical analysis techniques.

KuCoin has many types of educational materials for newcomers:

• In-depth analytical reports about the current situation in the market;
• Forecasts and signals prepared by leading experts in the industry;
• Guides describing sophisticated strategies and how to use technical indicators;
• Tutorials with step-by-step explanations of how various features of the trading platform work.

KuCoin testimonials

The good track record is backed by hundreds of positive reviews about the exchange and its features. Many traders praise the platform for its versatility, technological prowess, and reliability. Some negative reviews focus on slow banking and the lack of some crucial technical indicators in the native terminal.

Conclusion

KuCoin is certainly among the best companies in the Forex industry. It is a multidimensional trading platform offering access to hundreds of financial instruments while offering exciting investment packages and in-depth educational materials. It is a great choice for novice retail traders and experienced investors looking for ways to diversify their portfolios.