About Coinex Simplex Investment
Coinex Simplex Investment is an online broker registered in the United Kingdom with a relatively short operational history of 1-2 years. This brief tenure in the forex market suggests a limited track record compared to more established brokers.
Regulation: Is Coinex Simplex Investment legit？
Coinex Simplex Investment currently operates without regulation from recognized financial authorities. As of the latest assessment, the broker has received a notably low score of 1.23 out of 10 on WikiFX, a platform that evaluates forex brokers. This lack of regulation and low rating raises significant questions about the broker's legitimacy and operational standards.
Unaccessible Website
At present, the official website of Coinex Simplex Investment is inaccessible. This situation hinders potential and existing clients from obtaining crucial information about the broker's services, terms, and conditions.
Trading Platform
Unlike many forex brokers, Coinex Simplex Investment does not offer the widely-used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The absence of these popular platforms may impact the trading experience and available tools for clients.
Contact Information
Coinex Simplex Investment provides several contact options for client communication. These include:
- English language support: +44 (0) 207 078 4822
- Chinese (Simplified) support: 4006503212
- QQ: 4006503212
- Email: clientservices@alphacapitalmarkets.co.uk and info@alphacapitalchina.com
It's worth noting that some contact details reference “Alpha Capital Markets,” which may indicate a connection or recent name change.
Conclusion
To provide a summary, Coinex Simplex Investment is an unregulated broker with a low score on WikiFX, in this way, WikiFX does not advise to trade with this broker. As this broker may not have enough credit to secure your funds. If you want to know more information about the reliability of certain brokers, you can open the WikiFX website (https://www.WikiFX.com/en), or download the WikiFX APP to find the most trusted broker for yourself.
FAQs
Is Coinex Simplex Investment legit？
The legitimacy of Coinex Simplex Investment is questionable due to its lack of regulation and low rating on broker review platforms. Potential clients should exercise extreme caution and conduct comprehensive research before considering this broker.
Is Coinex Simplex Investment good for beginners？
Coinex Simplex Investment is not recommended for beginners. The absence of regulation, low industry rating, and lack of popular trading platforms make it unsuitable for those new to forex trading. Beginners should prioritize regulated brokers with established reputations and comprehensive educational resources.
Is it safe to trade with Coinex Simplex Investment？
Trading with Coinex Simplex Investment carries substantial risks due to its unregulated status. The safety of funds and fairness of trading conditions cannot be assured without regulatory oversight. Traders should carefully evaluate these risks and consider regulated alternatives for a potentially safer trading experience.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.
