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Coinexx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.coinexx.com/register, about the company's legal and temporary regulatory information, the company's address P.B. 1257 Bonov-Road, Fomboni, Comoros, KM.

Coinexx Forex Broker

Basic Information

Registered Region
Comoros
Operating Period
--
Company Name
COINEXX LTD
Abbreviation
Coinexx
Company employee
--
Customer Service Email Address
support@coinexx.com
Contact Number
+19293880701
Company Website
Company address
P.B. 1257 Bonov-Road, Fomboni, Comoros, KM
Keywords
5-10 years
Suspicious Regulatory License
MT4 Full License
MT5 Full License
High potential risk

Company profile

Quick COINEXX Review SummaryFounded in2017Registered inComorosRegulated byNo licenseTrading Instruments80+, forex, commodities, cryptos, indicesDemo Account✅Min Deposit$10LeverageUp to 1:500EUR/USD SpreadFloating around 0.1 pipsTrading PlatformMT4/5, AlphaDeposit & Withdrawal Fee❌Customer ServiceLive chatBonus100% bonus on every deposit (up to $40,000)Regional RestrictionsUnited States of America, Afghanistan, Belarus, Burundi, China, Cuba, Congo, Sudan, Sri Lanka, North Korea (Democratic People's Republic of Korea) and YemenCOINEXX Information 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 Pros and ConsProsConsDemo accountsNo regulationTight EUR/USD spreadLimited trading instrumentsMT4 and MT5 platformRegional restrictionsLow minimum depositNo deposit/withdrawal feeLive chat support100% bonus on every deposit (up to $40,000)Market Instruments COINEXX offers 80+ trading instruments, including forex, commodities, cryptos, and indices.Trading AssetsAvailableForex✔Commodities✔Cryptos✔Indices✔Stocks❌Bonds❌Options❌ETFs❌ Trading Account 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.Leverage COINEXX offers a maximum leverage of up to 1:500, which is quite high and allows for traders to potentially achieve high profits from their trades. However, high leverage also increases the risk of significant losses, and inexperienced traders may not fully understand the risks associated with trading on high leverage. Additionally, regulatory bodies may impose restrictions on the maximum leverage offered by brokers. For experienced traders with a well-planned strategy, high leverage can be a useful tool for trading, but excessive leverage can lead to margin calls and forced liquidation of positions.Spreads and Commissions 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.Trading Platforms 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.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web, Desktop, MobileBeginnersMT5✔Web, Desktop, MobileExperienced tradersAlpha✔Web, Desktop, Mobile/Deposit and Withdrawal: Methods and Fees Coinexx offers its clients the convenience of funding their trading account with major cryptocurrencies and access to dedicated crypto wallets. Clients can transfer funds directly from these wallets to their trading accounts or any external crypto wallets. Withdrawals are also processed within the stipulated timeframe. However, withdrawals are reviewed and processed manually to avoid any unauthorized activities, which may result in longer processing times.

Rating Index

ECN

Minimum Deposit
$10
How to login to Coinexx?
COINEXX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a COINEXX Account Creating an account with COINEXX is a straightforward process that allows you to access a wide range of trading opportunities in forex and crypt

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Latest Reviews

FX6845073

FX6845073

Singapore

I have been trying to withdraw $29000 USD since last year, keep emailing them and doing what I can to provide data yet they are not doing anything about it, just generic email response. Help me get my money back

Exposure

04-16

FX1832231122

FX1832231122

United Kingdom

Coinexx has blocked access to my personal space, when I try to connect to my mt5 accounts I have an error message saying invalid accounts, the story is just crazy, it started after requesting a withdrawal of 6000 dollars of profit, I was contacted by phone first additional to carry out a verification according to them and confirm to me later that my withdrawal will be launched. The next day I contacted them, they told me that my withdrawal will be received before the market closes the same day (Friday), I contacted them again yesterday about the withdrawal they told me that it will be processed as quickly as possible. and today I realize that all access to my accounts has been blocked, I contact them by chat, they tell me that the accounts have been blocked due to inactivity on the accounts or that it is false I placed trades yesterday, then I am told that my accounts have been "RECYCLED", and that I would be contacted later by email. I find myself without total visibility with my depo

Exposure

04-16

ming6218

ming6218

Canada

I have deposited more than 60,000 US dollars on the Coinmte platform. At first, I was able to withdraw small amounts of US dollars. With the guidance of a so-called friend I met online, I earned more than 60,000 US dollars. However, when I tried to withdraw a portion of the US dollars, it was unsuccessful and my account was frozen. The platform's customer service told me that my account, along with 28 other accounts, is suspected of insider trading. I asked a friend online about this, and she said that she had to pay a deposit of 6 million US dollars for her account with 21 million US dollars, and she even showed me a screenshot. The US Futures Association requires a deposit of 30 US dollars for review before unlocking the account. After I paid 29,635 US dollars, the platform said that the US Futures Association required an additional fine of 36,735 US dollars before unlocking the account. At this point, I felt that I had encountered a scam from a fraudulent platform. The customer service representative told me that if I don't pay the fine by October 15th, my account will be permanently frozen. Right now, I am unable to withdraw more than 90,000 US dollars.

Exposure

2024-10-12

Coinexx

News

COINEXX Exposed for Blocking Trader's Withdrawal Request

Exposure COINEXX Exposed for Blocking Trader's Withdrawal Request

In online trading, choosing a reliable broker is one of the most important decisions a trader can make

Review: How Risky Is Trading with COINEXX Broker?

Exposure Review: How Risky Is Trading with COINEXX Broker?

Explore the perils of investing with unregistered brokers like COINEXX. Prioritize your financial security by selecting trusted brokers. Stay vigilant to safeguard your investments.

WikiFX Review: Is COINEXX trustworthy?

News WikiFX Review: Is COINEXX trustworthy?

What does COINEXX look like? Is COINEXX legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyse the reliability of this broker from specific information, regulation, exposure and etc. And you should never miss it.

WikiFX report: Coinexx News

News WikiFX report: Coinexx News

Coinexx clearly did none of the above, and could not even be considered a broker, but rather a foreign exchange market con. If Coinexx offers higher leverage than this, it's a red flag that it could be a scam. Coinexx is more likely to be a fraud if it requires a higher-than-average quantity. A legitimate broker will usually ask around $5 to $10 in exchange for their services.

Trading on Coinexx Platform, a Review

News Trading on Coinexx Platform, a Review

Blockchain technology has immense potential, not because it fuels cryptocurrencies but because it has the ability to remove friction, streamline and speed up processes. The technology’s first use case, Bitcoin outgrew its original premises and opened avenues for many more potential use cases. Thus, Coinexx was born with the belief that integrating blockchain with forex can redefine the way people invest and trade.

Coinexx Review – 5 things you should know about coinexx.com

News Coinexx Review – 5 things you should know about coinexx.com

Our first impression from Coinexx is that this company is not set for newbies and amateurs in the forex trade – high leverage, fast trading system, cryptocurrency as payment method – a lethal combination for the new and inexperienced trader. Trading via the electronic communication network (ECN) where the best available buy/sell bids from various brokers are automatically matched and orders executed, it’s like riding a rollercoaster – exhilarating and dangerous.

Coinexx Forex Broker has an overall rating of 2.30, Regulatory Index 0.00, License Index 0.00, Business Index 7.34, Software Index 8.98 Risk Control Index 0.00.