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COINEXX

United Kingdom|5-10 years| Benchmark D|
Suspicious Regulatory License|MT4/5 full license|High potential risk|

https://coinexx.com/

Website

Rating Index

Benchmark

Benchmark

D

Average transaction speed (ms)

659.2 Poor

MT4/5

Full License

Coinexx-Demo

United Kingdom
MT4
8

Influence

B

Influence index NO.1

United States 5.81

Benchmark

Speed:C

Slippage:D

Cost:B

Disconnected:D

Rollover:A

MT4/5 Identification

MT4/5 Identification

Full License

8
Server Name
Coinexx-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

United States 5.81

Surpassed 56.26% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+971 58 571 0076
support@coinexx.com
https://coinexx.com/
No. 9 Cassius Webster Building Grace Complex, PO Box 1330, The Valley, AI 2640, Anguilla

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+971 58 571 0076

Broker Information

More

Company Name

Coinexx Limited

Company Abbreviation

COINEXX

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

COINEXX · Benchmark
Average transaction speed(ms)
659.2 Poor
The highest transaction speed(ms)
250
The highest speed of opening positions(ms)
250
The highest speed of closing position(ms)
437 Poor
The lowest speed of opening positions(ms)
1078 Great
The lowest speed of closing position(ms)
985 Good
Ranking: 121 / 133
Test user 194
Orders 1,608
Ocuppied margin $179,498 USD
Data Source WikiFX Data provide
Updated: 2024-03-27 01:03:SS

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Pyramid scheme complaint
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Resolved

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 07:10

COINEXX · Company Summary

Company Summary

Company profile

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 contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region United Kingdom
Found 2017
Regulation unregulated
Market Instrument Forex, Commodities, Stock Indices and Cryptocurrencies
Account Type Pro ECN
Demo Account yes
Maximum Leverage 500:1
Spread From 0.0 pips
Commission $2/lot
Trading Platform MT4, MT5
Minimum Deposit 0.001BTC
Deposit & Withdrawal Method Crypto wallets

Founded in 2017, COINEXX is registered in the United Kingdom. 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.

Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that COINEXX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.46/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

COINEXX offers investors 80+ trading instruments including Forex, Commodities, Stock Indices and Cryptocurrencies.

Account Types

Apart from demo accounts, COINEXX seems to only offer one live account type: Pro ECN account. The minimum deposit requirement by this broker is quite weird, that is 0.001 BTC. Most brokers would directly require $100-$200 or equivalent, while this broker asks traders to fund their accounts through cryptos.

Account Types

Leverage

COINEXX offers traders a professional ECN account with a maximum leverage of up to 1:500. Leverage magnifies the returns from favourable 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

COINEXX claims to offer spreads from 0.0 pips and a commission of $2 per lot.

Trading Platform

COINEXX offers traders the world's most advanced MT4 and MT5 trading platforms. 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 crypto wallets of Bitcoin, Litecoin, Ethereum, and more. The minimum initial deposit requirement is 0.001BTC.

Customer Support

COINEXX has a client support desk that is available 24/7 via email: support@coinexx.com, contactus@coinexx.com. One of the fastest ways to reach the support team is through instant web chat. You can also follow this broker on social networks such as Twitter and Facebook.

Pros & Cons

Pros Cons
• Wide range of trading assets • No regulation
• Demo accounts available • Regional restrictions
• MT4 and MT5 supported • Only crypto payments offered

Frequently Asked Questions (FAQs)

Q 1: Is COINEXX regulated?
A 1: No. It has been verified that COINEXX currently has no valid regulation.
Q 2: At COINEXX are there any regional restrictions for traders?
A 2: Yes. COINEXX does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, and Sudan. The services of Coinexx Markets Limited are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Q 3: Does COINEXX offer demo accounts?
A 3: Yes.
Q 4: Does COINEXX offer the industry-standard MT4 & MT5?
A 4: Yes. Both MT4 and MT5 are available.
Q 5: What is the minimum deposit for COINEXX
A 5: The minimum initial deposit with COINEXX is 0.001BTC.
Q 6: Is COINEXXa good broker for beginners?
A 6: No. COINEXX is not a good choice for beginners. Though it advertises very well, it lacks legitimate regulations.

News

Review: How Risky Is Trading with COINEXX Broker?

ExposureReview: How Risky Is Trading with COINEXX Broker?

2024-02-14 10:09

Explore the perils of investing with unregistered brokers like COINEXX. Prioritize your financial security by selecting trusted brokers. Stay vigilant to safeguard your investments.

WikiFX
2024-02-14 10:09
Exposure
Review: How Risky Is Trading with COINEXX Broker?
WikiFX Review: Is COINEXX trustworthy?

NewsWikiFX Review: Is COINEXX trustworthy?

2022-04-22 15:11

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
2022-04-22 15:11
News
WikiFX Review: Is COINEXX trustworthy?
WikiFX report: Coinexx News

NewsWikiFX report: Coinexx News

2022-04-13 14:18

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
2022-04-13 14:18
News
WikiFX report: Coinexx News

User Reviews

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User comment

14

Comments

Write a review

ryo048
3-6months
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.
2023-12-21 22:57
Reply
0
0
Hakan
more than one year
We were working for 9 months, but what happened was in the last month. They deleted all our profit-making transactions and reset the account. They also blocked the money in my other sub-accounts and said that they were examined for 3 weeks. It is said that we closed all the transactions they reset in the accounts as zero profit and that the money remained with them as swaps and commissions. I think it would be beneficial to stay away from this point on.
2023-12-20 05:05
Reply
0
1
Klemens884
3-6months
Coinexx has been good to me for over 18 months. They let me trade without interference, ensuring quick profit withdrawals. Their efficiency and ECN trading conditions are my favourite features that make trading with them a easy and it feels rewarding.
2023-12-10 19:26
Reply
0
0
Alex Maier
3-6months
No need to beat around the bush. After two unsatisfactory experiences with different brokers, Coinexx has firmly established itself as the leader in online currency trading. Their remarkable absence of slippage is the reason I remain loyal to them.
2023-11-05 21:53
Reply
0
0
WarrenP
3-6months
I really like that Coinexx doesn't put any trading restrictions on me. It means I can take risks the way I want without feeling limited. What's even better is that they don't dig into my personal details. This makes me feel more at ease because they can't single me out or treat me differently. I've felt like some other brokers were targeting me, but with Coinexx, I don't have that worry. Trading here feels more straightforward and fair.
2023-10-25 22:15
Reply
0
1
XavierGermain
6-12months
I've been a loyal trader with them for an extended period, and they consistently offer everything a trader seeks in a broker. From competitive spreads and swift execution to minimal slippage, favorable leverage, prompt withdrawals, and low commissions, they tick all the boxes.
2023-09-26 03:34
Reply
0
2
IngoF
6-12months
Navigating the Coinexx platform was a breeze. Not too much information and clutter only the necessary information is on their site. I signed up in minutes. They prioritize user privacy and only require a valid email address for registration. While optional, providing additional personal details is up to the user's discretion.
2023-08-06 00:50
Reply
0
0
Kristofer
6-12months
I switched from using a PAMM account to a MAM account on Coinexxx due to having smaller investors, and my desire to see everyone succeed while also increasing my income. The flexibility of MAM accounts, where I can allocate different lot sizes to each sub-account and make manual adjustments as needed, appealed to me. In contrast, PAMM accounts automatically allocate trades based on percentage allocation, limiting flexibility to adjust individual trades in each sub-account.
2023-06-19 17:18
Reply
0
1
Holdenkemmer
6-12months
I have been trading with Coinexx and I must say, I am impressed with their low spreads and extremely fast withdrawals via Crypto. Coinexx is a legit broker and I think people who say otherwise are probably not good at trading, as I myself struggled in the beginning. In comparison to my previous broker, Coinexx stands out as the only broker I know that offers free withdrawals in BTC. Other brokers I have worked with charge $20 or more for every withdrawal, which can quickly add up.
2023-05-23 20:58
Reply
0
1
Friedbert
6-12months
I'm happy to report that their support has been excellent every time I've needed it. I'd recommend giving Coinexx a try.
2023-04-05 16:08
Reply
0
0
净心
more than one year
With only just starting to trade with them for two weeks, they were very prompt in contacting me and answering all my questions about their services. A good start.
2023-02-28 13:54
Reply
0
0
FX1204247012
more than one year
Spreads from 0.0 pips, minimum deposit from 0.001 BTC, no transfer fees, all lies! They just want you to fall to the prey. They did this to me, keeping asking me to put more and more money, and I met high slippage frequently. Don’t come, guys!
2023-02-14 10:17
Reply
0
0
A瞬间
more than one year
I achieved a lot of profits from COINEXX, I'm glad to come across your platform. And I also say thank you for the customer support service. Thank you so much and continue helping me.
2022-12-11 12:11
Reply
0
0
随风荡指间
more than one year
I encountered high slippage when it traded forex pairs. I suspect they manipulated it. but they denied. mt4 trading platform cannot be used at all. Anyway, this broker is not worthy trading with.
2022-12-06 19:20
Reply
0
0
3
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