Coinexx

Coinexx Review: Is Coinexx Broker Good?

Broker overview and general information

Coinexx is a forex and cryptocurrency broker founded in 2017 with headquarters in Saint Vincent and the Grenadines. The company offers trading in over 80+ assets across a variety of categories including forex, commodities, indices, and cryptocurrencies.

Broker Licensing and Regulation

If you ask whether Coinexx is good or not, you must first consider the license and registration factors, which are the brokers.It is not regulated by any financial authority, which may be a consideration for traders who prioritize the safety of their funds.

⚠️Warning:No licensing and regulatory information was found for this broker. Investors should be aware of the risks involved as there may be no financial protection from regulatory agencies. It is recommended to conduct thorough research and consideration before investing.

Broker Products and Services

Trading products

The broker offers more than 80 trading instruments.

• Forex (Forex):Trade a wide range of currency pairs, covering over 60 major and minor currency pairs.

• Commodities:Such as gold, silver, crude oil and natural gas.

• Indices:Trading leading indices from stock markets around the world

• Cryptocurrencies:Such as Bitcoin, Ethereum, Litecoin

Trading Platform

1. MetaTrader 4 (MT4)

• A popular platform among Forex and CFD traders

• Support for use Expert Advisors (EAs)For automatic trading

• Comes with a variety of market analysis tools such as charts and technical indicators.

2. MetaTrader 5 (MT5)

• A platform developed from MT4 with more features.

• Supports trading of multiple asset classes such as futures, stocks and indices.

• Comes with Additional Timeframesand Economic calendar system

3. Coinexx Alpha

• A platform developed by Coinexx itself to facilitate trading.

• Focus on ease of use and streamlined user experience

Coinexx Review: Account Types

The broker has only 1 account type.

ECN Account

• Minimum deposit: $10

• Maximum leverage: 1:500

• Commission: $1/lot per side for forex,commodities

  $1/100k per side for crypto

  $0.1/lot per side for stock indices

• Min/Max trade size: 0.01 lots/ 100 lots

• Supports the use of EA and Indicators

• Deposit Bonus: 100%

⚠️Things to consider:Although the broker offers only one account type, the trading platforms are diverse and support different currencies as follows:

• Accounts Base Currency for MT4: USD and EUR

• Accounts Base Currency for MT5: BTC, ETH, LTC, BCC, and USD

• Accounts Base Currency for Coinexx Alpha: USD and EUR

Coinexx Bonuses and Promotions

100% Deposit Bonus

• A 100% welcome bonus is available to all clients who first log into their trading account.

• The minimum deposit required to receive the 100% Welcome Bonus is 100 USD or equivalent in other currencies.

• The maximum leverage allowed under the deposit bonus promotion is 200X.

Deposit and Withdrawal Review

Deposit

• Supported channels: Cryptocurrencies such as Bitcoin, Litecoin, Ethereum, USDC and 5+ other cryptocurrencies.

• Minimum amount: $10

• Processing time: 15-30 minutes
  

Withdrawal

• Supported channels: Withdrawals in a variety of cryptocurrencies, as well as deposits.

• Minimum amount: $10

• Processing time: Real-Time Processing via Artificial Intelligence (AI)

Customer Service

• The broker provides 24/5 customer support.

• Email: support@coinexx.com andcontactus@coinexx.com

• Contact Number: +1-929-388-0701

Broker Review Overview Summary

In conclusion, Coinexx is an online forex broker that provides its clients with access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. However, it has several drawbacks that traders should consider carefully. One of the most important is the lack of regulation from a reputable financial authority, which may increase investment risks. Additionally, deposits and withdrawals that are limited to cryptocurrencies may be inconvenient for traders who are not familiar with cryptocurrency. Furthermore, the fluctuations in the value of the crypto market may affect deposits and withdrawals, leading to financial uncertainty. Investors should check this out before choosing to use this broker.

Frequently Asked Questions about Coinexx

1. Is the broker regulated?

• The broker is not regulated or licensed by any authority.

2. What types of accounts are there?

• Only ECN accounts available

3. What payment methods does the broker support?

• Brokers accept deposits and withdrawals in cryptocurrencies such as Bitcoin, Litecoin and Ethereum.

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