Coinexx

Basic Information

• Registered Region
  

  Union of the Comoros
• Operation Status
  Normal operation
• Operating Period
  2017
• Deposit Methods
  We offer a hassle-free and rapid method for deposits using various cryptocurrencies. Enjoy the ease and speed of transferring funds securely to your account through our quick deposit process.
• Website
  https://coinexx.com/
• Market Type
  Foreign Exchange
• Support Languges
  

  Britain
• Main Business
  Forex, commodities, crypto, indices
• Business Type
  Brokerage
• Social Media
• Contact Details
  +1 9296451115
• Type of Accounts
  Pro ECN account
• Trading Platforms
  MT4/5
• Withdraw Methods
  All withdrawals are now processed in real-time using artificial intelligence to expedite the process. Withdrawals can be requested in multiple cryptocurrencies.

pros：Multiple account types', 'No deposit or withdrawal fee on most occasions', 'Wide range of tradable assets', 'Demo account available cons：No regulation', 'Limited trading instruments', 'Regional restrictions

Coinexx is an unregulated online brokerage firm that offers trading services in a wide range of financial instruments, including forex, commodities, cryptos, and indices. It was established in 2017 and is registered in Comoros, with a physical office in Dubai, UAE. The company offers its clients a variety of account types, competitive spreads, and high leverage up to 1:500. Coinexx provides access to trading platforms such as MT4 and MT5.

Coinexx's website does not claim to be under the supervision of any authoritative regulatory agency. Verifications of its office indicate that Coinexx does not have a license from the Dubai Financial Services Authority (DFSA). This means Coinexx is not part of any internationally recognized financial regulatory framework. For investors, the lack of regulatory compliance often implies difficulties in receiving legal protection in case of fund disputes or legal issues. Compared to authoritative regulators like the UK's FCA, Australia's ASIC, or Cyprus' CySEC, Coinexx's regulatory shortfall is a notable weakness, limiting its reputation in the international market.

The Coinexx website features a simple interface design with relatively clear page categorization, enabling users to find main function entrances quite quickly. The navigation menu is well-structured and pages load quickly, generally meeting user experience expectations. However, the overall content remains somewhat limited, lacking in-depth business introduction and detailed descriptions. As for the registration process, the platform offers a relatively simple registration form, with intuitive steps that allow users to quickly complete the account opening process. This design lowers the operational threshold for new users but also may imply a lack of control in identity verification, compliance review, and risk disclosure, which poses certain risks.

In summary, while COINEXX offers low commissions and transparency in their fees, the spreads for major currency pairs are not competitive and may not be attractive to traders. Additionally, the high swap rates and limited payment options may also be a disadvantage for some traders. It is also important to note that COINEXX is an unregulated broker, which may pose potential risks for traders.

Coinexx offers a single account type, the Pro ECN account, which offers low spreads starting from 0.0 pips for forex, commodities, indices and cryptos, and high leverage of up to 500x. Traders can use any trading style they prefer, and the account accepts BTC, BCC, LTC, ETH & USD. The account also offers a large maximum trade size of 100 lots and a 100% deposit bonus. However, Coinexx is an unregulated broker, which could be a disadvantage for some traders.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are both popular trading platforms widely used by forex brokers. They are available on desktop and mobile devices, and provide a user-friendly interface for traders. The platforms offer a wide range of trading tools and indicators, as well as the ability to use Expert Advisors for automated trading. However, the platforms have limited customization and charting capabilities, as well as limited automation and risk management tools. Additionally, backtesting capabilities are also limited on both platforms. Overall, MT4 and MT5 are reliable and popular platforms for traders who prioritize ease of use and accessibility.

The Coinexx website does not have a systematic educational center nor provides complete learning courses, trading guides, or market research reports. The lack of educational resources makes it difficult for users to obtain structured knowledge support when using the platform. However, there are some scattered educational videos on its social media accounts, although limited in quantity, they somewhat compensate for the absence of educational functions on the official site. However, these contents are too dispersed to form a complete learning system.

Whether you have questions about our services, need assistance with your account, or want to provide feedback, we're here to help. Our team is available 24 hours a day, 5 days a week to ensure you receive prompt assistance whenever you need it.