Written by: Krisztián Gátonyi
Recommended for: forex trading 0.1/5
Trusted broker: Regulated by top-tier financial authorities
Updated: DEC,2022
Popularity: multiple people chose this broker in last 6 months
BrokerChooser Score: 0.1/5
Coinexx review summary
Coinexx gives customers access to cryptocurrency markets. Deposit and withdrawal of funds are available via cryptos allowing for instant financial transactions. Here at Coinexx one can find top customer care service, narrow spreads, fast order execution, access to the cryptocurrency market from all over the world, and instant deposit of funds.
Is Coinexx a legit broker?
See how Coinexx is regulated and whether you should have any concerns using it.
Coinexx pros and cons
Pro
Cons
- Trading on the powerful MT4/MT5 trading platforms
- Cryptocurrency trading, accounts and funding
- STP/ECN executions in split seconds with minimal requotes
- Raw spreads from just 0.0 pips
- Lack of regulation
- Crypto account funding only
- No trading academy
- Limited stock trading assets
- No Islamic accounts
Coinexx main highlights
| Country of regulation | St. Vincent and the Grenadines |
| Trading fees class | Low |
| Inactivity fee charged | No |
| Withdrawal fee amount | Yes |
| Minimum deposit | $10 |
| Time to open an account | 1 day |
| Deposit with bank card | Available |
| Depositing with electronic wallet | Available |
| Number of base currencies supported | 6 |
| Demo account provided | Yes |
| Products offered | Forex, Commodities, Global Indices, Crypto Currencies |
Fees
Coinexx has low forex and CFD trading fees and there are no deposit fees. On the other hand, withdrawal carries a charge.
Account opening
The account opening process at Coinexx is fully digital, user-friendly and fast. Our account was approved within a day. On the other hand, the minimum deposit is high for Prime Accounts.
Deposit and withdrawal
Coinexx deposit and withdrawal services are great. Several base currencies are available, there are numerous options for moving your money, and there is no deposit fee. However, the broker charges a fee on withdrawals.
Web trading platform
The web trading platform at Coinexx (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Mobile trading platform
Coinexx has a great mobile trading platform, provided by MetaTrader 4. It’s well-designed and user-friendly with good search functions, but lacks a more secure login.
Desktop trading platform
In design and functionality, Coinexx MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts.
Markets and products
At Coinexx , you can trade real stocks, forex and CFDs. In other words, popular asset classes like bonds or ETFs are not available.
Research
Coinexx has limited research tools. Clients will not find a quality news service and the range of analytic tools is limited. As a plus, clients have access to an economic calendar and market analyses.
Customer service
Coinexx has great phone, email, and live chat support. On the negative side, customer support is available 24/7.
Education
Coinexx offers great educational tools in the form of educational videos, quality educational texts, trading platform tutorials and a demo account.
