Coinexx is an online trading broker specializing primarily in Forex, Cryptocurrencies, Indices, and Commodities. Established in 2018, the firm operates in an offshore jurisdiction and does not fall under the regulatory oversight of any major financial authorities. This can be both an advantage for flexibility and a consideration for risk management.
The platform provides traders with access to the MetaTrader 4 and MetaTrader 5 platforms, both of which are well-regarded for their trading capabilities. Coinexx also offers a mobile application for trading on-the-go.
The company emphasizes customer service and offers support via live chat, email, and phone, albeit not on a 24/7 basis. The broker also has an extensive FAQ and educational content aimed at helping traders understand the markets better.
Security is an important focus for Coinexx. The company employs strict security protocols to protect user data and funds, although it should be noted that the platform operates without regulatory oversight.
Coinexx Broker Review
Overview
- Website: Coinexx
- Founded: 2018
- Headquarters: Offshore
- Regulations: None
- Minimum Deposit: $50
- Trading Platforms: MetaTrader 4, MetaTrader 5
Overall Rating: 3.5/5
Pros and Cons
Pros
- Low minimum deposit
- Range of trading platforms
- Crypto-friendly
Cons
- Lack of regulation
- Limited customer support hours
Usability
The MetaTrader 4 and MetaTrader 5 platforms offer an intuitive and user-friendly experience.
Features
Both platforms offer advanced charting tools, a wide range of technical indicators, and automated trading features.
Mobile App
Coinexx’s mobile app is available for both Android and iOS and offers the core features of the web-based platforms.
Account Types
- Standard Account
- Minimum Deposit: $50
- Leverage: Up to 500:1
- Spreads: From 0.0 pips
Asset Coverage
- Forex: Major, minor, and exotic pairs
- Cryptocurrencies: Multiple options including Bitcoin, Ethereum
- Commodities: Oil, gold, silver
- Indices: Several global indices
Customer Service
Limited to working hours but available via live chat, phone, and email.
Deposit and Withdrawal
Methods
- Cryptocurrencies, Bank Wire, Credit Card
Fees
- No deposit fees; withdrawal fees may vary.
Regulation and Security
Coinexx operates without the oversight of a regulatory body but employs stringent security measures to protect client data and funds.
Conclusion
Coinexx offers a wide range of trading options with the flexibility of multiple platforms. The lack of regulation is a notable risk factor, but the platform attempts to mitigate this with strong security measures and a focus on customer service.
Disclaimer: Trading involves risks and is not suitable for everyone. You should only trade with money that you can afford to lose. This review is for informational purposes only and should not be considered financial advice.
