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    COINEXX

    • United Kingdom United Kingdom
    • 2-5 years
    • Suspicious Regulatory License
    • MT4/5 White Label
    • Regional Brokers
    • High potential risk
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    WikiFX Score
    Comparison
    Licenses

    No valid regulatory information

    Please be aware of the risk!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    Coinexx Limited

    Phone of the company

    --

    Company website
    https://coinexx.com/
    Customer Service Email Address

    support@coinexx.com

    Company address

    --

    Pyramid scheme complaint
    Expose

    Check whenever you want

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    Warning: Low score, please stay away! 1
    2022.07.02

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    • Account
    Comparison
    Trading software
    • Pro ECN
    • Benchmark --
    • Maximum Leverage Up to 500X
    • Minimum Deposit /
    • Minimum spread FROM 0.0 PIPS
    • Products Forex, Commodities, Indices and Cryptos
    • Currency --
    • Currency --
    • Minimum position 0.01 Lots
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Marketing Strategy
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    Delivery Index

    Mkt. Analysis

    Material

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    Brokers 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
    2022/4/22 7:23:04
    WikiFX Review: Is COINEXX trustworthy?
    Brokers 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.

    WikiFX
    2022/4/13 6:25:08
    WikiFX report: Coinexx News
    Brokers 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.

    WikiFX
    2022/2/14 6:17:30
    Trading on Coinexx Platform, a Review
    Brokers 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.

    WikiFX
    2022/2/14 6:11:02
    Coinexx Review – 5 things you should know about coinexx.com

    COINEXX

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    COINEXX

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    COINEXX
    * Contact number
    0086
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    *Reporting Reasons

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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    COINEXX · Company summary

      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.

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      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.

    Risk Warning

    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.