CoinFLEX Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform

CoinFLEX Review 2024

Updated:
Updated: October 06, 2023

1.52

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • Proprietary platform
Trading features:
  • Large selection of cryptocurrencies and tokens
  • unique investment programs with stablecoins
  • functional mobile application flexAssets

Summary of CoinFLEX Crypto Exchange

CoinFLEX is a high-risk cryptocurrency exchange with the TU Overall Score of 1.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CoinFLEX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. CoinFLEX ranks 196 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

The CoinFLEX exchange is a comprehensive solution for crypto traders with extensive investment opportunities by means of keeping stablecoins on the account. CoinFLEX has a convenient mobile application, a standard referral program, and many additional functions that most competitors do not have. For example, CoinFLEX provides options trading.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

The CoinFLEX exchange is more than a regular cryptocurrency exchange for spot and margin trading. This is a multifunctional platform that combines the mechanics of a universal crypto wallet and an adaptive investment portfolio with advanced options for passive earnings. On CoinFLEX, you can buy/sell Bitcoin, Ethereum, Litecoin, Tether, and other cryptocurrencies and tokens. Cryptocurrency funds can be freely transferred to fiat and withdrawn to plastic cards, bank accounts, other cryptocurrency wallets, as well as electronic wallets. Trading with leverage up to 1:100 is also available. One of the distinctive features of this crypto exchange is flexUSD, which is a stablecoin with interest income. Using flexUSD and note tokens, the exchange builds an investment package for users that can provide loans to institutional trading firms on the CoinFLEX exchange.

💰 Account currency: Any
🚀 Minimum deposit: $1
⚖️ Leverage: up to 1:100
💱 Spread: Market
🔧 Instruments: Cryptocurrency, tokens, currencies
💹 Margin Call / Stop Out: No

👍 Advantages of trading with CoinFLEX:

  • spot and margin trading with a wide selection of cryptocurrency assets and pairs, including pairs with world currencies;
  • investment programs, unique for the segment, based on lending stablecoins to companies;
  • one of the most well-thought-out mobile applications that combines the functions of an exchange, a crypto wallet, and an investor’s personal account;
  • simple system of commission fees with profitable commissions that depend on CoinFLEX’s balance of the wallet;
  • 100% transparent operation of the system, a complete archive of all transactions and actions of the administration;
  • no VIP statuses, absolute equality of users, unified technical support 24/7.

👎 Disadvantages of CoinFLEX:

  • at first, the interface of the trading terminal may seem redundant, you need to get used to it;
  • there are trading restrictions for residents of some countries (see the corresponding section of the site).

Evaluation of the most influential parameters of CoinFLEX

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

0.54

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.60

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

6.38

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

6.54

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

6.90

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

7.12

/10

Geographic Distribution of CoinFLEX Traders

Popularity in

53.4%
US
United States
13.3%
ID
Indonesia
8.9%
IN
India
5.9%
GB
United Kingdom
0.3%
CA
Canada
1.5%
TR
Turkey
0.5%
EG
Egypt
0.4%
AU
Australia
0.1%
CN
China
0.1%
PH
Philippines
0.6%
Others
Others

CoinFLEX Latest Comments for 2023 i

18 comments
Total score:
6.8 /10

Share your experience

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OrlandoHuM
1 year ago

CoinFLEX is a cryptocurrency exchange, even a completely decentralized one. However, the company is not popular among traders. Trading volumes are small. If you already choose, then the company is more popular. I don't see the point in getting involved.

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dufy
1 year ago

They look like thieves! My money is stuck somewhere, and no one knows where. The withdrawal allegedly went through but I did not receive it. No one wants to answer my questions about what happened! They just ignore me.

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joanne25t035947
2 years ago

I got used to CoinFLEX, oh, how not right away ... Their terminal is an explosion of information, at first it was wildly distracting. Now I'm used to it, I immediately find what I need. And so far this is the only thing I could find fault with. Because in terms of functionality, CoinFLEX is difficult to find an equal competitor in the market. So, in addition to trading myself, I also started investing. I’m holding stablecoins, and the interest is already gradually dripping into the account. It's convenient and you don't have to do anything. The output is smart, I checked it first of all. I won't say anything about the app. It is, but it is more convenient for me to work from a laptop. It is also a sin to complain about the number of tools. Only there is no demo account, so I would try different strategies.

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kumarashok
2 years ago

I came to CoinFLEX a couple of months ago. I heard about this crypto exchange from a friend who described it as a multifunctional platform with a plenitude of possibilities. And, friends, it really is. In addition to spot and margin trading, there are many other opportunities. The adaptive investment portfolio is great and with it, I achieved a normal passive income. After a flawless withdrawal of my profit, I was able to seamlessly convert the crypto into fiat and then receive a payment to my bank card.

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joehgngfgho
2 years ago

To be honest, I originally came to the CoinFLEX platform to actively trade. My two childhood friends signed up here six months ago and praised the company for its customer-oriented service and quite loyal trading conditions. And indeed it is. Since March 2021, I have been able to earn profits of about $6,000 here. I don’t really bet on passive earnings, but for the sake of interest I held on to noteUSD. A little-by-little profit drips onto the balance. With the conclusion, everything is clear, you can pick up the earned money at any time.

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sufisonu999
2 years ago

CoinFLEX is a really smart trading platform. Yes, it is not among the very top, but in general, I believe that this crypto exchange has every chance of getting there. I started here as a novice with trading. Now there is enough variety of crypto assets here to please almost any crypto trader, but I'm more used to trading with Bitcoin and Litecoin. It is good that not only spot trading is provided, but also margin trading because this significantly expands the opportunities for earning. The main thing is to work wisely, otherwise, you can lower your entire deposit to zero in the volatile cryptocurrency market.

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andi87
3 years ago

I agree that CoinFLEX has many advantages. These are both unique investment programs and a loyal system of exchange commissions. I also liked the fact that the company does not single out “rich” users and does not form its attitude depending on the amount of your deposit. They treat everyone equally well, no “VIP” for you, sir. The only thing is that the trading terminal interface is a little oversaturated with unnecessary details. You need to adapt to this. I got used to it after a long time. However, we must pay tribute to the fact that the company has a really sensible mobile application (functions of a crypto-exchange, an investor's personal account, and a cryptocurrency wallet are provided for free).

Expert Review of CoinFLEX

The CoinFLEX crypto exchange has been analyzed by Traders Union’s specialists for a number of static and dynamic indicators. There are no technical problems. Despite the large trading volumes and generally high trading activity, the platform works stably, and no overloads or failures were noted.

The interface of the trading terminal of CoinFLEX is recognized as functional and adaptive. There are all basic features like charts with indicators. Individual elements can be disabled and customized. Novice traders may have difficulties since not everything is intuitive.

A lot of cryptocurrencies and tokens are traded on the exchange, and all the main deposit/withdrawal options are present. A separate advantage of the platform is stablecoins with interest income. This is the basis of the company’s investment program, which is recognized as one of the most highly profitable in the segment.

They provide leverage up to 1:100 for trading. There is options trading also. At the moment, the crypto exchange is developing its own competitive system between traders with cash prizes. CoinFLEX is recommended for cooperation.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of CoinFLEX’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

The crypto exchange has its own stablecoin called flexUSD, which is lent to traders. During this time, other traders who hold flexUSD in their account receive a percentage as it is used to provide leverage. A trader holding a stablecoin is paid a percentage of the funds from his wallet that were used.

The percentage depends on market activity and ranges from 8-20% per year. Payments are made every 8 hours, during this period the borrowed funds are returned to the trader. At the same time, the trader, on whose account the funds are held, can freely use them, but in this case, the percentage will be lower, since fewer funds will be used to secure loans.

The second level of the investment program is the use of the noteUSD basket, 20% of which is flexUSD and 80% is Note tokens. Unlike the first option, here you need to have more significant amounts because loans are provided not to individuals, but to legal entities. The yield is 8-10% per year, plus bonuses of up to 30% on firms’ trading fees. This option is optimal for professional investors.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

CoinFLEX’s affiliation program

CoinFLEX offers a standard referral program, which by its terms does not differ much from the referral programs of other crypto exchanges. To participate in it you need to:

  • Register on the crypto exchange website. After that, you will receive a personal referral link and you can share it.

  • Any user who registers on the exchange using your link is recorded as your referral.

  • The referral brings you income. Income is a percentage of the commissions that the referral pays for transactions.

The thing is that the percentage of payments is not fixed. It depends on the number of your referrals and trading volumes. In each case, the size of the commission is calculated individually, all information is provided in the appropriate section of the personal account.

Trading Conditions for CoinFLEX Users

The crypto exchange does not set a minimum limit for depositing funds. There is also no minimum limit for transactions. There are limits only for withdrawing funds – you can withdraw a minimum of 0.0001 of any coin.

$1

Minimum
deposit

1:100

Leverage

24/7

Support

💻 Trading platform: Proprietary platform
📊 Accounts: Standard
💰 Account currency: Any
💵 Replenishment / Withdrawal: Bank cards and accounts, cryptocurrency and electronic wallets
🚀 Minimum deposit: $1
⚖️ Leverage: up to 1:100
💼 PAMM-accounts: No
📈️ Min Order: from 0
💱 Spread: Market
🔧 Instruments: Cryptocurrency, tokens, currencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: available
➕ Affiliate program: Yes
📋 Orders execution: N/A
⭐ Trading features: Large selection of cryptocurrencies and tokens; unique investment programs with stablecoins; functional mobile application flexAssets
🎁 Contests and bonuses: N/A

Broker comparison table of trading instruments

CoinFLEX Bybit OKX XT.com Coinbase Kraken
Forex No No No No No Yes
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No Yes
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

CoinFLEX Commissions & Fees

Information
Commission fees depend on the user’s trading level. There are seven levels in total. Commissions differ for derivatives/contracts, spots, and margin trading; there are no commissions for repo. For example, at the initial level, the commission for margin trading for the maker is 0.010%, and for the taker, it is 0.030%. At the highest level, both fees are reduced to 0.005%.
Account type Spread (minimum value) Withdrawal commission
Standard from 0.005% per market order No

There are no commissions for deposits. Withdrawing BTC, BCH, FLEX Coin and DOT is free for users because CoinFLEX covers all related fees. Withdrawal fees equal to the current network fee and are charged on ETH, USDT, USDC, and other supported ERC20 tokens.
For clarity, the experts at Traders Union compared the average commission of CoinFLEX with the average commissions of its closest competitors:

Broker Average commission Level
CoinFLEX $0.1 Low
Bybit $20 High
Bitfinex $0.1 Medium
Logo CoinFLEX
$0.1
$20
$0.1

Contacts

Foundation date 2019
Registration address Global Gateway 8, Rue de la Perle, Mahé, Providence 361, SC
Official site
Contacts
Disclaimer:

Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
CoinFLEX Review CoinFLEX Review

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FAQs

Do reviews by traders influence the CoinFLEX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about CoinFLEX you need to go to the broker's profile.

How to leave a review about CoinFLEX on the Traders Union website?

To leave a review about CoinFLEX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about CoinFLEX on a non-Traders Union client?

Anyone can leave feedback about CoinFLEX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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