CoinXGlobal Forex Broker

Note: CoinXGlobal's official website: https://coinxglobal.com/ is currently inaccessible normal.CoinXGlobalReview SummaryFounded/Registered Country/RegionSeychellesRegulationASIC/CySEC (Suspicious Clone)Market InstrumentsForexDemo Account/LeverageUp to 1:500Spread/Trading PlatformMetaTrader4, MetaTrader5 and cTraderMin Deposit$300Customer SupportTel: +248 467 19 76Email: support@coinxglobal.comAddress: Eden Plaza, Office 209, Eden Island, Mahe, Seychelles CoinXGlobal is a forex broker registered in Seychelles, offering leverage up to 1:500 and three popular trading platforms (MetaTrader4, MetaTrader5 and cTrader) to choose from. However, its current regulatory status is suspicious clone and the minimum deposit requirement to open a live account is as high as $300.Pros and ConsPros Cons Multiple investment plansInaccessible websitePopular trading platformsSuspicious clone licensesHigh minimum depositLimited payment optionsIs CoinXGlobal Legit? No, CoinXGlobal currently has no valid regulations. Instead, only two suspicious clone licenses. Please be aware of the risk!Australia Securities & Investment Commission (ASIC)Regulatory Status Suspicious CloneRegulated by AustraliaLicensed Institution INTERNATIONAL CAPITAL MARKETS PTY. LTD.Licensed TypeMarket Making (MM)Licensed Number335692Cyprus Securities and Exchange Commission (CySEC)Regulatory Status Suspicious CloneRegulated by CyprusLicensed Institution IC Markets (EU) LtdLicensed TypeMarket Making (MM)Licensed Number362/18Investment Plan CoinXGlobal offers four investment plans: Silver, Diamond, Gold and Executive.Investment PlanMin DepositSilver300 USDDiamond1,000 USDGold5,100 USDExecutive1,100 USDLeverage CoinXGlobal offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Web and MobileBeginnersMT5✔Desktop, Web and MobileExperienced traderscTrader✔Desktop, Web and MobileExperienced tradersDeposit and Withdrawal Although CoinXGlobal claims that it accepts deposits and withdrawals via Skrill, PayPal, Neteller, VISA and Mastercard. Actually, traders only can pay through bitcoins, bank wire transfers and an obscure payment provider called Mpesa.