CYSEC — Cyprus
Coverdeal Holdings Ltd.
Licence
Coverdeal Review — Overview
Regulation
Tier-2 regulated
Licence
CYSEC
Licence status
Active
Platforms
MT5
Min. deposit
$250
Max. leverage
1:30
Instruments
Forex, commodities, indices, shares
Typical spread
From 3 pips
Operating
5-10 years
Entity
Coverdeal Holdings Ltd.
Website
Unknown
Coverdeal is a forex & CFD broker based in United Kingdom, operating for 5-10 years. On Trust Broker Hub it holds a Trust Score of 6.2 out of 10, which we rate as Fair — above the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
Coverdeal's licence comes from an offshore jurisdiction (CYSEC). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
Coverdeal provides access to Forex, commodities, indices, shares. Published conditions include a minimum deposit of $250 and leverage up to 1:30. No complaints are currently on record. Overall, Coverdeal has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?
Weighted total
7.25
Data completeness
7 of 10 facts verified
70% ×0.85
Trust Score
6.2 / 10
Trust Score history
Coverdeal currently scores 6.2/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a CYSEC licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, commodities, indices, shares, bonds and cryptocurrencies |
| Minimum deposit | $250 |
| Maximum leverage | 1:30 |
| Typical spread | From 3 pips |
| Platforms | MT5 |
| Demo account | ❌ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Coverdeal
Our analysis · editorial
6.2/10
A mixed risk profile
Coverdeal is regulated under a mid-tier authority (CYSEC). It is based in United Kingdom. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 6.2/10 — a mixed profile.
Strengths
- Holds a recognised mid-tier licence (CYSEC)
- No complaints on record with us
- Supports MT5 trading
- Accessible minimum deposit ($250)
Watch-outs
- Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Coverdeal — Questions & Answers
Log in to ask a question about Coverdeal.
No questions yet about Coverdeal. Be the first to ask — answers from the community and our team help every trader.
Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Coverdeal here if that changes.
Full specifications
Regulated region
United Kingdom
Operating period
5-10 years
Instruments
Forex, commodities, indices, shares, bonds and cryptocurrencies
Frequently asked
Is Coverdeal a safe broker?
Coverdeal scores 6.2 / 10 on our Trust Score, above the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the Coverdeal trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Coverdeal?
Coverdeal publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.