Forex Broker Coinexx Trading Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.5

Business 1.8

Risk Control 2.1

Software 2.8

Regulatory 2.3

Terminal Snapshot

Coinexx Trading Conditions

Registered Region Comoros

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@coinexx.com

Contact Number +19293880701

Website coinexx.com

Balanced Review

Pros & Cons

Pros

Variety of trading instruments including forex, commodities, and cryptocurrencies
Access to popular trading platforms: MetaTrader 4 and MetaTrader 5
High leverage options available, up to 1:500
Customer support available 24/5 via multiple channels
User-friendly account opening process with low minimum deposit

Cons

Not regulated by any recognized financial authority
Concerns regarding safety of client funds
Limited range of trading instruments available
Lack of educational resources and market analysis tools
Potential withdrawal delays and processing issues

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Coinexx	Grand Markets	BDSwiss	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Comoros	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Coinexx Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Pro ECN Account	All traders, including beginners and experienced investors	Low spreads starting from 0.0 pips, high leverage up to 1:500	Suitable for various trading strategies and styles

Account Opening Process

To open an account with Coinexx, traders need to follow a straightforward process that includes several steps. Initially, individuals are required to provide personal information, including their name, address, and contact details. Additionally, employment and financial information may need to be submitted to determine suitability for trading. Identity verification is also a crucial step in the process, which involves providing valid identification and proof of address. Once the account is opened, traders have the flexibility to upgrade their account type in the future, such as moving to a professional account if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$1/Lot per side	Competitive spreads for major pairs
CFDs (Stocks, Indices, Commodities)	Varies	$1/Lot per side	Reflective of market conditions
Cryptocurrencies	Varies	$1/100k per side	Fees may vary based on volatility

Other Fees

Traders should be aware of various additional fees that may apply while trading with Coinexx. These include potential deposit and withdrawal fees, although specific fees may vary based on the chosen payment method. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, overnight interest (swap rates) could be charged on positions held overnight, and currency conversion fees may apply when trading different currency pairs.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Coinexx User Reviews

2.5

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Harley015

Germany

★ ★ ★ ★ ★

I began using Coinexx based on a friend’s recommendation, and I’m generally satisfied with their services. Trading conditions and the platform are commendable, with efficient order execution. Overall, Coinexx meets my expectations and provides a satisfactory trading experience.

harley butler

Germany

★ ★ ★ ★ ★

I believe Coinexx is technically sound, offering good spreads and fast execution. However, they lack features for easy trade analysis and regular market updates. Trading independently is both a blessing and a curse in this regard.

FX6845073

Singapore

★ ★ ★ ★ ★

I have been trying to withdraw $29000 USD since last year, keep emailing them and doing what I can to provide data yet they are not doing anything about it, just generic email responses. Help me get my money back.

ming6218

Canada

★ ★ ★ ★ ★

I have deposited more than 60,000 US dollars on the Coinexx platform. At first, I was able to withdraw small amounts, but when I tried to withdraw a portion, my account was frozen. Their customer service told me my account is suspected of insider trading, which feels like a scam.

Comoros Market