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Coinexx Limited
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General Information & Regulation
Founded in 2018, Coinexx is based in Kingstown in St. Vincent and the Grenadines. Coinexx is not regulated by any financial service regulator in any country. Most experts and professionals would not trade with an unregulated brokerage as they cannot offer investors the same protections that a regulated broker can.
Market instruments
Coinexx offers investors a small range of trading asset classes, including more than 60 Forex currency pairs, commodities, global indices, and cryptocurrencies.
Minimum Deposit
Minimum deposit requirement by this broker is quite weird, that is 0.001 BTC. Most brokers would directly requires $100-$200 or equivalent amount, while this broker ask traders to fund their accounts through cryptos.
Coinexx Leverage
Coinexx offers traders a professional ECN account with a maximum leverage up to 1:500. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Spreads & Commissions
Coinexx website displays some spreads on major pairs, the spread on EURUSD pair is around 3.5 pips, EURGBP pair around 4. 5 pips, apparent higher than most brokers. Besides, spreads on Pro ECN accounts start from 0.0 pips, with a commission of 2 USD per lot.
Trading Platform
Coinexx Broker offers traders the world's most advanced MT5 trading platform. MT5 retains all the positive features of MT4, plus additional features such as faster execution speed (depending on the quality of the connection and the broker). And MT5 desktop version supports automated trading systems and custom technical indicators and also offers mobile applications as well as a web-based interface.
Deposit & Withdrawal
Coinexx supports traders to deposits via wire transfer, Bitcoin, Litecoin, Ethereum, and 25 other cryptocurrencies.
Customer Support
Coinexx has a client support desk that is available 24/7. One of the fastest ways to reach the support team is through the instant web chat. There is also a form titled 'send us a message on the contact us page.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.