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COINEXX

Comoros|5-10 years|
Suspicious Regulatory License|MT4 Full License|High potential risk|

https://coinexx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Coinexx-Demo

United Kingdom
MT4
18

Influence

B

Influence index NO.1

United States 5.81

MT4/5 Identification

MT4/5 Identification

Full License

18
Server Name
Coinexx-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

United States 5.81
Surpassed 22.90% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 -929-388-0701
support@coinexx.com
https://coinexx.com/
P.B. 1257 Bonov-Road, Fomboni, Comoros, KM

Licenses

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

Warning: Low score, please stay away!
2025-02-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic Information

Registered region
Comoros
Operating period
5-10 years
Company Name
Coinexx Limited
Customer Service Email Address
support@coinexx.com
Contact number
0019293880701
Company website

ming6218

Canada

I have deposited more than 60,000 US dollars on the Coinmte platform. At first, I was able to withdraw small amounts of US dollars. With the guidance of a so-called friend I met online, I earned more than 60,000 US dollars. However, when I tried to withdraw a portion of the US dollars, it was unsuccessful and my account was frozen. The platform's customer service told me that my account, along with 28 other accounts, is suspected of insider trading. I asked a friend online about this, and she said that she had to pay a deposit of 6 million US dollars for her account with 21 million US dollars, and she even showed me a screenshot. The US Futures Association requires a deposit of 30 US dollars for review before unlocking the account. After I paid 29,635 US dollars, the platform said that the US Futures Association required an additional fine of 36,735 US dollars before unlocking the account. At this point, I felt that I had encountered a scam from a fraudulent platform. The customer service representative told me that if I don't pay the fine by October 15th, my account will be permanently frozen. Right now, I am unable to withdraw more than 90,000 US dollars.

Exposure

2024-10-12

FX1626030110

Venezuela

I made my investment and then they told me that I had to invest more to be able to withdraw and well I didn't have anymore and for the first investment I borrowed money. I still have access to the platform and I tried to withdraw my money and it tells me that it is yet to be verified.

Exposure

2024-04-04

ryo048

Japan

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.

Exposure

2023-12-23

ryo048

Japan

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.

Exposure

2023-12-21

FX2594832620

Nigeria

I trade with coinexx on demo, everything was perfect, as soon as I switched to live, I started getting all kind of slippage, didn’t matter if its market or limit it order slow or fast market, and those crook get me in the worth price possible when I get it or get out with this dishonest people

Exposure

2022-01-11

FX1204247012

South Africa

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!

Neutral

2023-02-14

Harley015

Germany

I began using Coinexx based on a friend's recommendation, and I'm generally satisfied with their services. Trading conditions and the platform are commendable, with efficient order execution. Overall, Coinexx meets my expectations and provides a satisfactory trading experience.

Positive

2024-05-19

harley butler

Germany

I believe Coinexx is technically sound, offering good spreads and fast execution. However, they lack features for easy trade analysis and regular market updates. Trading independently is both a blessing and a curse in this regard.

Positive

2024-05-16

Klemens884

Germany

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.

Positive

2023-12-10

Alex Maier

Germany

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.

Positive

2023-11-06

WarrenP

Canada

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.

Positive

2023-10-25

IngoF

Germany

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.

Positive

2023-08-06

Kristofer

France

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.

Positive

2023-06-19

Holdenkemmer

Italy

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.

Positive

2023-05-24

Friedbert

Germany

I'm happy to report that their support has been excellent every time I've needed it. I'd recommend giving Coinexx a try.

Positive

2023-04-05

净心

United Arab Emirates

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.

Positive

2023-02-28

A瞬间

United Kingdom

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.

Positive

2022-12-11

17
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Most visited countries/areas

  • Australia
  • India
  • United States
  • coinexxltd.com

    Server Location

    United States

    Website Domain Name

    coinexxltd.com

    Server IP

    162.241.253.126

  • coinexx.com

Company Summary

Quick COINEXX Review Summary
Founded in2017
Registered inComoros
Regulated byNo license
Trading Instruments80+, forex, commodities, cryptos, indices
Demo Account
Min Deposit$10
LeverageUp to 1:500
EUR/USD SpreadFloating around 0.1 pips
Trading PlatformMT4/5, Alpha
Deposit & Withdrawal Fee
Customer ServiceLive chat
Bonus100% bonus on every deposit (up to $40,000)
Regional RestrictionsUnited States of America, Afghanistan, Belarus, Burundi, China, Cuba, Congo, Sudan, Sri Lanka, North Korea (Democratic People's Republic of Korea) and Yemen

COINEXX Information

Coinexx is an unregulated online brokerage firm that offers trading services in a wide range of financial instruments, including forex, commodities, cryptos, and indices. It was established in 2017 and is registered in Comoros, with a physical office in Dubai, UAE. The company offers its clients a variety of account types, competitive spreads, and high leverage up to 1:500. Coinexx provides access to trading platforms such as MT4 and MT5.

COINEXX's homepage

COINEXX Pros and Cons

ProsCons
Demo accountsNo regulation
Tight EUR/USD spreadLimited trading instruments
MT4 and MT5 platformRegional restrictions
Low minimum deposit
No deposit/withdrawal fee
Live chat support
100% bonus on every deposit (up to $40,000)

Market Instruments

COINEXX offers 80+ trading instruments, including forex, commodities, cryptos, and indices.

Trading AssetsAvailable
Forex
Commodities
Cryptos
Indices
Stocks
Bonds
Options
ETFs

Trading Account

Coinexx offers a single account type, the Pro ECN account, which offers low spreads starting from 0.0 pips for forex, commodities, indices and cryptos, and high leverage of up to 500x. Traders can use any trading style they prefer, and the account accepts BTC, BCC, LTC, ETH & USD. The account also offers a large maximum trade size of 100 lots and a 100% deposit bonus. However, Coinexx is an unregulated broker, which could be a disadvantage for some traders.

Leverage

COINEXX offers a maximum leverage of up to 1:500, which is quite high and allows for traders to potentially achieve high profits from their trades. However, high leverage also increases the risk of significant losses, and inexperienced traders may not fully understand the risks associated with trading on high leverage.

Additionally, regulatory bodies may impose restrictions on the maximum leverage offered by brokers. For experienced traders with a well-planned strategy, high leverage can be a useful tool for trading, but excessive leverage can lead to margin calls and forced liquidation of positions.

Spreads and Commissions

In summary, while COINEXX offers low commissions and transparency in their fees, the spreads for major currency pairs are not competitive and may not be attractive to traders. Additionally, the high swap rates and limited payment options may also be a disadvantage for some traders. It is also important to note that COINEXX is an unregulated broker, which may pose potential risks for traders.

Trading Platforms

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are both popular trading platforms widely used by forex brokers. They are available on desktop and mobile devices, and provide a user-friendly interface for traders. The platforms offer a wide range of trading tools and indicators, as well as the ability to use Expert Advisors for automated trading.

However, the platforms have limited customization and charting capabilities, as well as limited automation and risk management tools. Additionally, backtesting capabilities are also limited on both platforms. Overall, MT4 and MT5 are reliable and popular platforms for traders who prioritize ease of use and accessibility.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Web, Desktop, MobileBeginners
MT5Web, Desktop, MobileExperienced traders
AlphaWeb, Desktop, Mobile/

Deposit and Withdrawal: Methods and Fees

Coinexx offers its clients the convenience of funding their trading account with major cryptocurrencies and access to dedicated crypto wallets. Clients can transfer funds directly from these wallets to their trading accounts or any external crypto wallets. Withdrawals are also processed within the stipulated timeframe. However, withdrawals are reviewed and processed manually to avoid any unauthorized activities, which may result in longer processing times.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • MT4 Full License
  • MT5 Full License
  • High potential risk

News

Review: How Risky Is Trading with COINEXX Broker?

Exposure Review: How Risky Is Trading with COINEXX Broker?

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

2024-02-14 10:09

WikiFX Review: Is COINEXX trustworthy?

News 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.

2022-04-22 15:11

WikiFX report: Coinexx News

News 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.

2022-04-13 14:18

Trading on Coinexx Platform, a Review

News 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.

2022-02-14 14:14

Coinexx Review – 5 things you should know about coinexx.com

News 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.

2022-02-14 13:59

Review 17

All(17) Latest Positive(11) Neutral(1) Exposure(5)
ryo048

1-2 years

Japan

Exposure
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.
2023-12-23
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