Coinexx

Regulatory & Licensing Information:

Coinexx is an online broker established in 2017, offering trading services in forex, cryptocurrencies, indices, and commodities. The broker provides access to over 80 trading instruments with tight spreads starting from 0.0 pips and a maximum leverage of up to 1:500 for forex and commodities, and 1:5 for cryptocurrencies. **Regulation and Safety:** Coinexx operates without regulation from any top-tier financial authority. This lack of oversight has raised concerns about the safety of funds and the broker's adherence to industry standards. Notably, BrokerChooser advises caution, stating that Coinexx is not regulated by a top-tier regulator and recommending avoidance. **Trading Platforms:** The broker supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop, web, and mobile devices. These platforms are renowned for their user-friendly interfaces, advanced charting tools, and support for automated trading through Expert Advisors (EAs). **Account Types and Conditions:** Coinexx offers a single account type with a minimum deposit requirement of 0.001 BTC. The account features include: - **Spreads:** Starting from 0.0 pips - **Commission:** $2 per standard lot per side - **Leverage:** Up to 1:500 for forex and commodities; 1:5 for cryptocurrencies **Deposits and Withdrawals:** Transactions are conducted exclusively in cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. While this allows for instant deposits and withdrawals, it may not be suitable for traders preferring traditional fiat currencies. **Customer Support:** Coinexx provides customer support via email and live chat. However, some users have reported delays in response times and a lack of comprehensive assistance. **User Reviews:** Feedback on Coinexx is mixed. Some traders appreciate the tight spreads and fast execution speeds, while others express concerns about the lack of regulation and issues with fund withdrawals. **Conclusion:** Coinexx offers competitive trading conditions with low spreads and high leverage. However, the absence of regulatory oversight and reliance solely on cryptocurrency transactions may pose risks. Potential clients should exercise caution and conduct thorough research before engaging with this broker.