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
- $10
- MT4
- MT5
- Mobile platforms
- 2017
Our Evaluation of Coinexx
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
Coinexx is a broker with higher-than-average risk and the TU Overall Score of 4.33 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Coinexx clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Brief Look at Coinexx
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.
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TU Expert Advice
Author, Financial Expert at Traders Union
Coinexx offers trading on MT4 and MT5 platforms, providing access to Forex, commodities, global indices, and cryptocurrencies with the Pro ECN account. The company supports deposits and withdrawals via various cryptocurrencies, including Bitcoin, fostering fast transactions. Traders benefit from high leverage up to 1:500, minimal EUR/USD spreads starting at 0.3 pips, and incentives like a 100% deposit bonus. The broker also provides a free VPS for seamless trading and involves users in an affiliate program.
However, Coinexx's low regulatory score and absence of Tier-1 regulation present potential drawbacks, suggesting limited security for funds. The mobile trading offerings are poorly rated, adding another challenge. While suitable for experienced traders looking for favorable fees or crypto-based transactions, Coinexx may not be an ideal choice for those prioritizing comprehensive regulatory protection. The lack of diverse payment options and limited tradable assets may not meet the needs of all traders.
- You seek a Forex and cryptocurrency broker offering some of the lowest spreads in the industry, starting from 0.0 pips. This can potentially lead to cost-effective trading.
- You are interested in trading Forex, commodities, stock indices, and cryptocurrencies with access to the world’s deepest liquidity pool aggregated from a network of Tier-1 Banks & Prime Liquidity Providers. This could contribute to enhanced trading conditions.
- You are a US trader. This broker does not allow trading for individuals based in the United States.
- You are specifically looking for a broker that provides trading signals, as this broker may not meet that particular requirement.
Coinexx Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MT4, MT5, Mobile Platforms |
|---|---|
| 📊 Accounts: | Pro ECN Account |
| 💰 Account currency: | BTC, BCC, LTC, ETH & USD |
| 💵 Deposit / Withdrawal: | BITCOIN, LITECOIN, DASH, ETHEREUM, +25 MORE CRYPTOS |
| 🚀 Minimum deposit: | 10 USD |
| ⚖️ Leverage: | Up to 500X |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 Lots |
| 💱 EUR/USD spread: | 0,3 pips |
| 🔧 Instruments: | Forex, Commodities, Global Indices, Crypto Currencies |
| 💹 Margin Call / Stop Out: | 70% / 50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Mobile Platforms |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: | Free VPS |
| 🎁 Contests and bonuses: | 100% Deposit Bonus |
Coinnex was launched as a cruptocurrency broker to effectively solve the problem of high commissions and delays in deposit and withdrawal of funds. Coinnex saw its core mission in revolutionizing the foreign exchange industry by making financial transactions faster, safer, and less expensive for traders. Coinnex team has extensive experience in the financial industry and fully understands traders' needs. The company's innovative methods allow for multiple advanced products and services to meet today's growing industry.
Coinexx Key Parameters Evaluation
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Regulation and safety
Coinexx has a safety score of 2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Track record over 8 years
- Not tier-1 regulated
- Not regulated
Coinexx Security Factors
| Foundation date | 2017 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Coinexx is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Coinexx have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Coinexx with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Coinexx’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Coinexx Standard spreads
| Coinexx | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,7 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Coinexx RAW/ECN spreads
| Coinexx | Pepperstone | OANDA | |
| Commission ($ per lot) | 2 | 3 | 3,5 |
| EUR/USD avg spread | 0,3 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Coinexx. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Coinexx Non-Trading Fees
| Coinexx | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Coinexx offers a single account for trading currencies, commodities, stock indices, and cryptocurrencies in CFD format. The minimum trade size is 0.01 lots, while the maximum is 100 lots. Micro or Cent accounts are not offered.
The broker offers a demo account where traders can practice with virtual funds, eliminating the risk of financial loss.
Deposit and withdrawal
Coinexx received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Coinexx offers limited payment options and accessibility, which may impact its competitiveness.
- No withdrawal fee
- Bitcoin (BTC) accepted
- Minimum deposit below industry average
- No deposit fee
- No bank wire option
- Wise not supported
- No bank card option
What are Coinexx deposit and withdrawal options?
Coinexx offers a limited selection of deposit and withdrawal methods, including Neteller, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making Coinexx less competitive for those seeking diverse payment options.
Coinexx Deposit and Withdrawal Methods vs Competitors
| Coinexx | Plus500 | Pepperstone | |
| Bank Wire | No | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Coinexx base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Coinexx supports the following base account currencies:
What are Coinexx's minimum deposit and withdrawal amounts?
The minimum deposit on Coinexx is $10, while the minimum withdrawal amount is $0,001 BTC. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Coinexx’s support team.
Markets and tradable assets
Coinexx offers a limited selection of trading assets compared to the market average. The platform supports 80 assets in total, including 60 Forex pairs.
- Indices trading
- Crypto trading
- 60 supported currency pairs
- Limited asset selection
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Coinexx with its competitors, making it easier for you to find the perfect fit.
| Coinexx | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 80 | 2800 | 1200 |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Coinexx offers for beginner traders and investors who prefer not to engage in active trading.
| Coinexx | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
Coinexx received a score of 7.25/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- One-click trading
- MetaTrader is available
- No TradingView integration
- No access to a proprietary platform
- Strategy (EA) Builder is not available
Supported trading platforms
Coinexx supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared Coinexx’s platform availability with that of top competitors to assess its relative market position.
| Coinexx | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | No | Yes | Yes |
Key Coinexx’s trading platform features
We also evaluated whether Coinexx offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 68 |
| Tradable assets | 80 |
Additional trading tools
Coinexx offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Coinexx trading tools vs competitors
| Coinexx | Plus500 | Pepperstone | |
| Trading Central | No | No | No |
| API | No | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | Yes | No | Yes |
Mobile apps
Coinexx supports mobile trading, offering dedicated apps for both iOS and Android. Coinexx received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- User-friendly interface
- Mobile alerts not supported
We compared Coinexx with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| Coinexx | Plus500 | Pepperstone | |
| Total downloads | No data | 10,000,000 | 100,000 |
| App Store score | No data | 4.7 | 4.0 |
| Google Play score | No data | 4.4 | 4.0 |
| Mob. 2FA | No | Yes | Yes |
| Mob. Indicators | No | Yes | Yes |
| Mob. Alerts | No | Yes | Yes |
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | 20, Edith Cavell Street, Level 6 Ken Lee Building, Port Louis, Mauritius |
| Official site | https://coinexx.com/ |
| Contacts |
+ 971 58 571 0076
|
Comparison of Coinexx with other Brokers
| Coinexx | Eightcap | XM Group | RoboForex | Pocket Option | AMarkets | |
| Trading platform |
Mobile platforms, MT4, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | MT4, MT5, AMarkets App |
| Min deposit | $10 | $100 | $5 | $10 | $5 | $100 |
| Leverage |
From 1:0 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 1.2 point | From 0 points |
| Level of margin call / stop out |
70% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 50% | 50% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
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