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COINEXX Forex Broker provides real users with 11 positive reviews, 1 neutral reviews and 7 exposure review!

COINEXX Broker Review

2.30

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COINEXX Review 19

Latest All(19) Positive(11) Neutral(1) Exposure(7)
Exposure

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

FX6845073
04-16
Exposure
ACCOUNTS DELETED DEPOSIT AND PROFITS STOLEN

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

FX1832231122
04-16
Exposure
Unable to withdraw funds

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.

ming6218
2024-10-12
Positive
Satisfied with Coinexx: Efficient Trading Platform Meets Expectations

I began using Coinexx based on a friend's recommendation, and I'm generally satisfied with their services. Trading conditions and the platform are commendable, with efficient order execution. Overall, Coinexx meets my expectations and provides a satisfactory trading experience.

Harley015
2024-05-19
Positive
Coinexx: Solid Trading Platform with Limited Analysis Tools

I believe Coinexx is technically sound, offering good spreads and fast execution. However, they lack features for easy trade analysis and regular market updates. Trading independently is both a blessing and a curse in this regard.

harley butler
2024-05-16
Exposure
I have been cheated.

I made my investment and then they told me that I had to invest more to be able to withdraw and well I didn't have anymore and for the first investment I borrowed money. I still have access to the platform and I tried to withdraw my money and it tells me that it is yet to be verified.

FX1626030110
2024-04-04
Exposure
Regarding Coinexx Malicious Denial of Withdrawals

Malicious Withdrawal Denials by Coinexx This is a report of improper falsification of transaction records, improper swap collection, withdrawal denial, profit cancellation, etc. [Warning.] Users should withdraw funds and non-users should refrain from opening new accounts. Below is a description of each piece of evidence and contradictory answers from emails and support. The prerequisite is "there are no restrictions on trading strategies" as shown in the image. Is it true? Unjustified reduction of profits and inability to withdraw funds. As far as we can confirm, there were several victims, and the actual number of victims is believed to be even higher. As a response, we reported to MetaQuote about the fraudulent damage caused by the denial of withdrawal. In the past, when we reported other cases of fraudulent withdrawals (GemForex, FXfiar, etc.), MetaTrade's license was revoked, and we are concerned that Coinexx's license may be suspended and its business may be suspended as a result. If the insincerity continues in the future, we believe that the damage report should be spread and the appropriate punishment should be taken. [Wise people who saw this article If you are a user, we recommend that you withdraw your funds. After the license is suspended, new deposits will be cut off and further withdrawal refusals are expected. If you are a new user, we recommend you to use another firm. Spreads (EURUSD0.2~0.6) seem narrow, but slippage (EURUSD1.0~2.0) is terrible and actual trading costs are huge. If you are a victim, please report to Meta Quotes.

ryo048
2023-12-23
Exposure

Refusal to withdraw principal and profits, falsification of transaction records, unreasonable swap requests.Refusal to withdraw more than 100000USD.I have asked them every day, but they keep repeating that they will withdraw the money, but it has not been processed.The MT4 shows that the withdrawal has been processed, which is a fraudulent act itself.They are falsifying transaction records and reducing profits unfairly.Also, even though negative swap is deducted from the position, they are also unfairly collecting negative swap, which is not in the rules.We have secured screenshots and have proof.Email correspondence can also be made public.

ryo048
2023-12-21

  

Coinexx 2025 Review: Everything You Need to Know

  Summary: Coinexx, established in 2017, is an unregulated forex and cryptocurrency broker that has garnered mixed reviews from users. While some traders praise its low fees and fast execution, many others report serious issues with withdrawals and customer support. The broker primarily operates through the MetaTrader 4 and 5 platforms, offering a range of trading instruments.

  Note: Its important to recognize that Coinexx operates across different jurisdictions without a clear regulatory framework, which may impact user experiences and safety. This review synthesizes multiple sources to provide a comprehensive overview.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 3.0
Tools and Resources 4.0
Customer Service and Support 2.5
Trading Experience 4.0
Trustworthiness 2.0
User Experience 3.5
Overall 3.0

  We rate brokers based on user feedback, expert opinions, and factual data from reliable sources.

  

Broker Overview

  Coinexx is an offshore broker headquartered in Seychelles, established in 2017. It offers trading services primarily through the MetaTrader 4 and MetaTrader 5 platforms, catering to forex, cryptocurrencies, commodities, and indices. The broker allows deposits and withdrawals exclusively in cryptocurrencies, which may appeal to traders looking for anonymity. However, it lacks regulation, which raises significant concerns regarding the safety of client funds.

  

Detailed Section

  Regulatory Regions:

  Coinexx is not regulated by any major financial authority, which is a significant concern for potential traders. The lack of oversight means that there are no guarantees regarding the safety of funds or fair trading practices. This unregulated status has led to many traders expressing skepticism about the broker's reliability.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  The broker only accepts deposits and withdrawals in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and several others. The minimum deposit is set at 0.001 BTC, which is approximately $5. This cryptocurrency-only model can be appealing for those familiar with digital currencies, but it limits options for those preferring traditional fiat currencies.

  Minimum Deposit:

  The minimum deposit requirement is 0.001 BTC (around $5), making it accessible for new traders. However, the requirement to use cryptocurrency may deter traditional investors.

  Bonuses/Promotions:

  Coinexx offers a 100% deposit bonus for new clients, which is a common promotional tactic among brokers. However, the terms surrounding bonuses can often be complex and may lead to issues during withdrawals.

  Tradeable Asset Classes:

  The broker provides access to over 60 forex pairs, various cryptocurrencies, commodities like gold and silver, and stock indices. This diverse range of instruments allows traders to explore multiple markets, although the actual execution and pricing may vary.

  Costs (Spreads, Fees, Commissions):

  Coinexx claims to offer tight spreads starting from 0 pips, with a commission of $2 per lot. While the low trading costs are attractive, some users have reported hidden fees and inconsistencies in spreads, especially during volatile market conditions.

  Leverage:

  The maximum leverage offered is 1:500 for forex trading, which is relatively high and may attract experienced traders looking to maximize their positions. However, leverage also increases risk, and users should exercise caution when trading with high leverage.

  Allowed Trading Platforms:

  Coinexx supports both MetaTrader 4 and MetaTrader 5 platforms, which are well-regarded in the trading community for their functionality and user-friendly interfaces. This dual-platform offering allows traders to choose based on their preferences and strategies.

  Restricted Regions:

  Coinexx does not accept clients from the United States, which is a common practice among many offshore brokers due to strict regulatory requirements in the U.S.

  Available Customer Service Languages:

  Customer support is available primarily in English, and users can reach out via email and live chat. However, many reviews indicate that the quality of customer service is inconsistent, with some users experiencing long wait times for responses.

  

Ratings Repeat

Category Rating (out of 10)
Account Conditions 3.0
Tools and Resources 4.0
Customer Service and Support 2.5
Trading Experience 4.0
Trustworthiness 2.0
User Experience 3.5
Overall 3.0

  

Detailed Breakdown

  Account Conditions:

  The single account type, known as the Pro ECN account, is designed for scalpers and those using automated trading systems. However, the lack of variety in account types may limit options for traders with different needs.

  Tools and Resources:

  Coinexx provides access to popular trading tools and features, including expert advisors (EAs) and various calculators. However, there is a lack of educational resources or market analysis tools, which may disadvantage novice traders.

  Customer Service and Support:

  Customer support has received mixed reviews. While some users report positive experiences, many others highlight long response times and unresolved issues, particularly regarding withdrawals.

  Trading Experience:

  The trading experience is generally described as smooth, with fast execution speeds. However, some users have reported issues with slippage and unexpected price changes during high volatility.

  Trustworthiness:

  The unregulated status of Coinexx is a significant red flag. Many users have reported difficulties withdrawing funds, and negative reviews often cite issues with account management and customer support.

  User Experience:

  Overall user experience varies widely, with some traders praising the broker for its low fees and fast execution, while others express frustration over withdrawal issues and customer service responsiveness.

  In conclusion, while Coinexx offers attractive features like low costs and a variety of trading instruments, its lack of regulation and mixed user reviews raise serious concerns about its reliability and safety for traders. Potential users should exercise caution and consider alternative, regulated brokers for a more secure trading environment.