HomeCrypto/ForexNAB-Coins Review: Should You Use NAB-Coins Forex Trading Platform? My Honest Opinion

NAB-Coins Review: Should You Use NAB-Coins Forex Trading Platform? My Honest Opinion

I got my hands on the NAB-Coins platform, and here is what I think about it.

I was surprised that this platform is as good as it looks. Let’s start with the first impression, unique features, education center, customer service, and trading platform.

My first impression: 

When I first logged on to my client account, I was impressed with the interface. They have a unique color scheme, and it looks modern and clean.

The welcome page has all your important information like the latest price, a trading area, what’s happening in the market today etc. It also lets you know that they are still working on the platform, and it’s going to be updated every month.

So, I thought that this can’t be a legitimate forex trading platform if they are still working on it, but maybe the company has a plan for what they want their platform to look like in the future. I looked through all the features and didn’t see anything that stood out as a deception.

They have all the features you would need from a trading platform. Even if they are missing some things, I’m sure it will be added in one of their future updates.

Trading platform: 

The trading platform is very smooth and has a nice design to it.

You can see all your open positions and any trades you might have made in the past, which I find very convenient when trying to keep track of your P/L (Profit and Loss). If we look at the buy and sell market orders, they also let you set a limit and stop-loss price.

Also, if we turn to the charts, we will see that they have nice clean looking ones with all the indicators you would need like Bollinger bands, Fibonacci retracement levels, Pivot points and so on.

They also let you decide what type of chart you want to look at. For example, if you trade more by looking at timeframes like M5, then they offer that type of chart for you to view.

It has everything you would need to do some successful trading, even though their platform is still being worked on.

Education Centre:

Now here is where NAB-Coins should step up their game; first off, there is not much to choose from, so people will not get bored of it.

Also, maybe they could have a custom video section to create your videos about trading, so everybody has access to them. The more education that is available, the better. I know I would have loved to learn some lessons from somebody who knows what they are talking about.

Webinars: 

They have some webinars here and there, but they are still working on them, so I am very hopeful.

The last thing you want to do is go live with your customers when you don’t know what you are doing. You would lose their trust instantly if the webinar isn’t good.

NAB-Coins Review: Should You Use NAB-Coins Forex Trading Platform? My Honest Opinion

So, either prepare well for the webinars, do them with someone who knows what they’re doing or don’t do them at all.

eBooks:

To my surprise, they do have a bunch of eBooks. You can even print them out, which is cool. They could offer some certification courses, and that would be helpful too. I think this company has potential, and we just need to wait and see what’s going to happen with all their new ideas.

NAB-Coins News:

Great news section where you can get all the latest updates about the company, which is always good to see.

Guides:

They have some blog sections, and they update them, which is great. Some of the articles are well written, but there is not enough content to make them interesting for a long time.

You can always come back and see if something new has been posted, though.

Other: They also allow you to follow them on different social media platforms. You can even subscribe to their newsletter, making it easier for the customer to stay in touch with the company.

NAB-Coins Review: Should You Use NAB-Coins Forex Trading Platform? My Honest Opinion

NAB-Coins Customer Service:

When I was writing this review, I tried to contact them through their live chat, and it took me about 5 minutes to get someone’s attention.

After that, the person started answering my questions, but she didn’t sound very convincing, so I decided not to ask her anything else.

NAB-Coins Trading Platform:

So now we get to the important part, how does it feel when you start trading?

Well, if I had good customer service, then maybe I would say that their platform was great.

It’s not bad, but let’s just say that it doesn’t stand out compared to other platforms in the same industry. The trading platform has all the standard features that you would need. You can also do some social trading on it, and if this is something that interests you, then I think it’s a great idea to join NAB-Coins.

They offer many different assets as bigger companies are still doing their best. They also have a mobile app that you can use on the go, which is always good to see.

But there are some things I would suggest they fix before going live with their platform. First off, the charts need to be fixed. There is no way to change anything during a session, and if you want to make any changes, you must reset the chart.

It’s not a big deal, but it can be annoying when you are in the middle of trading.

They also need to make the platform faster, they are working on this problem, but it’s taking them way too long. Maybe they can hire somebody who knows what he or she is doing?

Unique features:

In this review, I want to mention the social trading feature. It’s unique and interesting. The features include:

Copy trader:

You can follow the traders and their portfolios, always very good to see. The traders that I see usually do a nice job. You also get an option to trade like them, and then you copy every single one of their trades. So, you will end up with the same portfolio as them.

Trading social network:

You can join groups, follow other traders and much more. It’s a great way to meet people who love trading as much as you do. You also can trade with them or just share ideas and strategies about the market. Trading together always makes it much easier because you have someone next to you who can give you advice when needed.

NAB-Coins Review: Should You Use NAB-Coins Forex Trading Platform? My Honest Opinion

Chart tools:

Their charts are great for scalping or day trading. You can change the chart settings to suit your needs at any given moment, and it’s a very customizable platform.

The NAB-Coins chart offers all the standard features that you would need when trading, including the ability to change the chart settings to suit your needs. You can also do some social trading on it.

They offer many different assets as bigger companies are still doing their best. They do not have a mobile app, but you can use a website that works on all devices, which is always good to see.

Some features of the chart are:

Bollinger Bands

They are great when you want to follow the volatility of an asset; they also offer support and resistance lines, which is always very useful when placing trades.

Stochastic Oscillator

It’s one of my favorite indicators for reading market momentum. It can be combined with Bollinger bands to get the most accurate readings.

MACD

This is another momentum indicator that can be used with Bollinger bands or stochastic oscillators to get more accurate signals.

Standard Features:

They offer everything you need when trading, such as different timeframes and chart settings, but if they want to compete with the big guys, they need to do something about it.

They might offer a lot, but when you start using their platform, it’s very clear that they don’t have much experience yet in this industry.

NAB-Coins Security:

I’m going to say that they are one of the most secure trading platforms out there, but it’s good enough for me. They use SSL encryption on their site, so your money is safe. When you open an account with them, they send you a validation email with further instructions on what to do.

They have a verification process where they need your ID and social security number before starting trading. It’s annoying, but it makes the system more secure, so I don’t see any problems with that.

Conclusion:

All, I am still using this platform to learn more about trading. They try to be helpful, and they try to fix their trading platform, I’m sure it’s going to fix all the little details. Their customer service is still very good, which helps to trade with larger amounts of money.

I like some aspects of this company, but some things need to be changed.

Disclaimer: This review is written from my own experience and my self-knowledge only and this is not a recommendation.

Rashmi
Rashmi
Crazy about technology, sports, cinema, my colleagues, and useless anecdotes. Far too connected and curious. When I'm not on my smartphone, you can find me tinkering anything tech!

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