Coinexx Review

Minimum Deposit: 0.001 BTC VISIT BROKER
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your investment.

Coinexx Review

Summary

Coinexx is an online forex and CFD trading broker. The broker implements STP/ECN execution with tight spreads and low commissions. Coinexx offers a decent product portfolio of over 80 trading instruments over popular asset classes such as forex, CFDs, global indices, and cryptocurrencies. The broker is packed with trading research tools. A low minimum deposit with the ease of cryptocurrencies and the free VPS service makes Coinexx an option worth exploring.

8.3Expert Score
Coinexx Rating

Coinexx offers an efficient trading environment to its clients that reduces latency and improves trading efficiency. You can gain direct access to deep liquidity pools aggregated from a network of Tier-1 Banks & Prime Liquidity Providers.

Investment Products
8
Commissions and Fees
8
Platforms and Tools
9
Research and Education
8
Deposit and Withdrawal
8.5

Coinexx Review

Pros and Cons

Coinexx offers trading via the user-friendly MT4 and MT5 platforms with ease and simplicity. The deposit and withdrawal via cryptocurrencies can also be considered the easiest and fastest funding method. In addition, you can also choose a cryptocurrency as your account’s base currency. The STP/ECN order model minimises the execution times and helps avoid requotes. Moreover, MAM/PAMM makes social trading seamless. Free VPS offered by the broker makes it easy for the traders who want to automate their trading 24/7. Low minimum deposit and no inactivity fees are additional perks of Coinexx.

Coinexx has been providing trading services globally since 2017 and is currently registered and operates from Kingstown in St. Vincent and the Grenadines. However, the broker is not regulated by any government regulatory authority at this time. In addition, Coinexx doesn’t accept any other funding method except crypto. Moreover, the broker lacks educational resources and learning material. There is no option of Islamic or swap-free accounts. Limited trading instruments and only one account type can also be a problem for some traders who want to diversify their portfolios.

Here is the summary of the Pros and Cons of trading with Coinexx.

Positives
  • MT4/MT5 trading platforms
  • Cryptocurrency trading
  • Crypto base currency accounts
  • Crypto funding
  • STP/ECN model with minimal requotes
  • Minimal spreads starting from 0.0 pips
  • Low commission
  • MAM/PAMM accounts for social trading
  • Free VPS
  • Various account base currencies
  • Low minimum deposit
  • Trading research tools
  • No inactivity fees
  • Customer support 24/7
  • No documents required to maintain anonymity
Negatives
  • No other funding methods except crypto
  • No educational resources
  • Limited stock trading instruments
  • Not regulated
  • No trading academy
  • No Islamic accounts

Coinexx Review

Investment Products

Coinexx has a good range of 80 trading instruments over popular asset classes such as forex, commodities, indices, and cryptocurrencies. However, the broker lacks other important asset classes such as individual stocks, options, bonds, and ETFs.

Coinexx Instruments Summary

InstrumentsCoinexx
Forex
Stocksx
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFsx
CFDs
Coinexx Instruments

Coinexx Review

Commission and Fees

Commission and Spread Fees

Coinexx offers only one live account type, which is Pro ECN. The broker offers STP/ECN executions with tight spreads as low as 0.0 pip and a commission of $4 per standard lot traded per round.

FeeAccount Type
Commission (per standard lot per side)$2
Spreads from0.0
Coinexx Fees

Deposit and Withdrawal Fees

Coinexx offers funding and withdrawal without any fees. However, the blockchain charges may apply to each transaction. Please check charges with your crypto wallet before funding your Coinexx account.

Inactivity Fees

Coinexx does not charge an inactivity fee.

Coinexx Review

Platforms and Tools

Coinexx provides its clients the ease and simplicity of trading via the trading platform of MetaQuotes. MetaTrader 4 and MetaTrader 5 are available on multiple devices. In addition, the broker also offers powerful trading tools such as Forex VPS and trading calculators. The broker makes social trading seamless with MAM and PAMM accounts. Investors at Coinexx can choose from thousands of traders’ portfolios to replicate their trades on their accounts.

Let’s look at each trading platform and tool briefly.

MetaTrader 4 (MT4)

Coinexx clients access the MT4 trading platform, a free professional terminal with important trading and analytics features. MT4 is available on mobile devices, desktop computers, and via WebTrader from popular browsers. The fact that the MT4 trading platform’s tools and capabilities may be increased via plugin programmes is a significant benefit. Clients can use the MQL4 programming language to create their own trading tools, indicators, and Expert Advisors (EAs), which they can subsequently install as a plugin app into the platform. EAs are software robots that automate the trading of forex and CFDs.  The MT4 can display live quotations from the Coinexx liquidity aggregator. It also allows for live charting in 9 timeframes and 3 chart types. It includes 30 technical indicators as well as 24 analytical elements. It allows for different order management options, such as account history and order history. Here is a summary of the salient features this MT4 has:

  • Easy to use trading platform
  • 9 chart timeframes
  • 3 chart types
  • 3 execution order types
  • 4 pending order types
  • 30+ technical indicators
  • Customisable interface
  • Trading strategy templates
  • Automated trading robots
  • Strategy tester
  • Copy trading
  • Marketplace
  • Push Notifications
  • Available on desktop, web, and mobile
Coinexx MT4 Platform
Coinexx MT4 Platform

MetaTrader 5 (MT5)

The MT5 trading platform was designed to replace the MT4 platform, although it retains a comparable style and functioning while adding some new features and capabilities. Plugin programmes designed for MT4 will not work on MT5 and vice versa. The MT5 trading platform, like MT4, is loaded with trading tools, allows for the programming and deployment of EAs, and supports advanced charting and analytics. Coinexx MT5 is accessible via desktop, WebTrader, and mobile applications. The MT5 trading platform is the only place where clients of Coinexx can trade crypto CFDs.

The market watch window displays real-time price quotes. The market depth, which represents the liquidity pool, may also be observed. Up to 100 charts can be opened at the same time. The charts may be seen in 21 different periods ranging from 1 minute to 1 month. The platform comes preinstalled with 40+ technical indicators, but many more may be uploaded via plugin programmes written in the MQL5 programming language. Clients can purchase EAs, indicators, and other items through the platform’s MQL5 market. The platform also includes an economic calendar.

  • 21 timeframes
  • Multiple order execution types
  • 6 pending orders
  • 40+ technical indicators
  • Economic calendar
  • Depth of market (DOM)
  • Strategy tester
  • Tick data
  • Powerful trading platform
  • Trading signals
  • Expert advisors (EAs)
  • MetaQuotes Marketplace
  • Price alerts
  • Available on desktop, web, and mobile devices
Coinexx MT5 Platform
Coinexx MT5 Platform

Mobile Trading

Mobile apps for Android and iOS smartphones have been created for both the MT4 and MT5 platforms. The MT4/MT5 mobile applications are relatively similar; the key difference is in the functionality, with the MT5 app having more. The app’s UI is straightforward and user-friendly. Clients may use the applications to monitor market prices, place trades, check account balances and analyse the market while on the go, as long as they have an internet connection. This is ideal for traders who travel frequently or simply enjoy the comfort of trading from the palm of their hands.

Coinexx Mobile Investing Apps
Coinexx Mobile Investing Apps

The ‘quotes’ tab displays real-time price quotations. It is possible to personalise it by adding regularly traded items to the favourites list. Charting on 9 distinct timeframes is possible. 30 technical indicators and drawing objects are used in the analysis. Multiple orders can be placed using market orders, stop orders and up to four pending orders on MT4 and six pending orders on MT5.

Tools

MAM/PAMM accounts

Coinexx provides manager accounts that are directly linked to the MT5 trading platform. A multi-account manager (MAM) can sign up new customers and trade on their behalf. From the manager’s master account, an unlimited number of accounts can be traded in bulk. He is free to employ any trading method, including EAs. The MAM/PAMM software is adaptable and dependable; it includes comprehensive reporting, performance analysis, and marketing options. It also has a variety of trade allocation types that the management may configure based on a trader’s money or contribution. Subaccount owners will be required to submit a power of attorney documents.

Coinexx Managed Accounts
Coinexx Managed Accounts

Forex Calculators

Coinexx offers a variety of calculators to its clients in order for them to estimate trading fees. There are the following calculators available: Forex calculators include the Margin Calculator, the Pip Calculator, the Currency Converter, the PNL Calculator, the Commission Calculator, and the Swap Calculator.

Coinexx Forex Calculator
Coinexx Forex Calculator

Virtual Private Server (VPS)

VPS links customer trading platforms to a powerful server placed close to the broker’s trading servers. This can assist in maintaining uninterrupted 24/7 connectivity, minimal latency, and fast transaction execution rates. A VPS can help expert advisors (EAs) users, news traders, and other traders who employ automated trading systems. Once the VPS is configured, the EA or trading system will function from the VPS. The trader will no longer have to be concerned about probable internet fluctuations, power supply failure, or hardware failure. Coinexx provides free VPS services to clients that have a minimum balance of $5,000. Other clients can also request a VPS for $25 per month.

Coinexx Platforms Summary

PlatformCoinexx
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietary
Desktop
Web
Mobile
Social Trading
Other x
Coinexx Platforms

Coinexx Review

Research and Education

The Coinexx website has no educational resources. This is unfortunate because the traders would have loved to see some trading videos, webinars, and trading courses. These might be quite advantageous for new traders by assisting them in improving their trading abilities and expertise.

Coinexx Research and Education Summary

ResourcesCoinexx
Market Analysisx
Guidesx
Videosx
Webinarsx
Autochartistx
Trading Centralx
Economic Calendar (Embedded in MT5)
Otherx
Coinexx Resources

Coinexx Review

Deposit and Withdrawal

Clients can keep their accounts in both cryptocurrency and fiat currency. MT4 accounts are maintained in USD or EUR, but MT5 accounts are maintained in EUR, USD, BTC, LTC, ETH, and XRP. Clients can only deposit and withdraw with cryptocurrencies. Other popular funding methods such as bank transfers, debit/credit cards, and electronic wallets are not offered by Coinexx. A conversion rate will be applied to the transaction if the account currency differs from the deposit currency. Withdrawals are manually handled within 48 hours. Clients can only withdraw in the currency that is in their crypto wallet. The minimal withdrawal amount is $5.

Coinexx Funding Summary

Payment MethodDepositWithdrawal
Wire Transferxx
Credit/debit Cardxx
Electronic Walletsxx
Cryptos
Coinexx Funding Options

Coinexx Review

Regulation and Safety

Coinexx is not currently licenced by any financial services regulatory authority in any jurisdiction. While this may dissuade some traders, it implies that they may provide some trading circumstances that a registered brokerage cannot due to tight laws designed to safeguard investors.

Coinexx Regulation Summary

RegulatorCoinexx
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Otherx
Coinexx Regulators

Coinexx Safety

Coinexx is not a regulated broker and is not traded as a public company. On the other hand, the broker does not publicly disclose its financial information. The broker takes customer fund security seriously and has put in place the following steps to assist safeguard funds:

  • Cold Storage Wallet
  • Monitoring
  • 2 Step verifications
  • End-to-End Encryption

Coinexx Review

Client Support

Coinexx provides customer support via live chat, email, and the “send us a message” section 24/7.

Coinexx Review

Conclusion

Coinexx is an online broker that caters to the specific demands of its clients, particularly cryptocurrency enthusiasts. You can get access to real-world marketplaces via cryptocurrency accounts. The broker accepts cryptocurrency deposits and withdrawals, allowing traders to move funds instantaneously while keeping some level of anonymity. Spreads start at 0.0 pips, with cheap commission fees, quick trade execution, and a responsive customer support service.

The Coinexx selection of the user-friendly MT4 and MT5 platforms is appropriate given that there are no limits on methods or trading styles, and the platforms are acceptable for both beginning and expert traders. Clients can trade via the web, desktop, or user-friendly mobile trading apps. The free VPS and managed accounts  (MAM/PAMM) and trading tools are also excellent. Finally, it would be nice to see basic educational resources.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Coinexx Review

FAQs

When was Coinexx founded?

Coinexx was founded in 2017.

Where is Coinexx located?

Coinexx is located in St. Vincent and the Grenadines.

Is Coinexx regulated?

Coinexx is not a regulated broker.

What trading instruments does Coinexx offer?

Coinexx offers 80+ trading instruments over 4 asset classes: forex, cryptocurrencies, commodities, and indices.

What is the Coinexx minimum deposit?

Coinexx requires a minimum deposit of 0.001 BTC or equivalent in fiat currencies.

What investing platforms does Coinexx offer?

Coinexx offers MT4 and MT5 on the desktop, web browser, and mobile devices.

What is Coinexx’s commission fee?

Coinexx charges a low commission fee starting from $4 per standard lot traded per round.

Does Coinexx charge an inactivity fee?

Coinexx does not charge an inactivity fee.

What are Coinexx’s spreads?

Coinexx offers raw spreads starting as low as 0.0 pip.

What funding options does Coinexx offer?

Coinexx offers funding and withdrawal only via cryptocurrencies.

Does Coinexx offer demo trading?

Yes, Coinexx offers demo trading.

Does Coinexx offer Islamic accounts?

No, Coinexx does not offer Islamic accounts.

How do I contact Coinexx customer support?

Coinexx’s customer support can be contacted via live chat, email, and the “send us a message” section on the brokers website.
Coinexx Review
Coinexx Review
Minimum Deposit: 0.001 BTC
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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