Coinexx review - Offshore MetaTrader broker with crypto deposits evaluated and rated by traders.
5 star review by Jane Loveless, United Kingdom
Since they take deposits in Cryptos, funds get added to my trading account instantly and there are no limits as to how much I can deposit and trade upon which is quite rare. I was able to make a deposit of £250K in less than a minute.
I have taken 17 withdrawals so far and all were processed within 2-3 days, except once when I got a call from them to verify my identity for a large sum.
Customer service is good, although I don’t have much need for them as I am able to do all my account operations from my backoffice portal.
Spreads are excellent and much better than what I have seen so far elsewhere.
I have experienced some slippage at the time of news hours and large lot sizes, although it was much less than what I have experienced with other brokers.
I wish I had joined them earlier as bottom line is - my very same EA strategies that made me losses with other brokers have turned profitable on my Coinexx MT4 account :)
What is Coinexx?
Coinexx is an unregulated forex and crypto broker established in 2017 with headquarters in Seychelles.
Coinexx does not restrict accounts based on the clients country of residency. Instead, traders should check their local regulations and avoid where prohibited. Below you can find quite a few reviews from US, UK, EU, Canada users who prefer Coinexx high leverage and less restrictive trading conditions over the safety of the regulatory oversight.
This broker offers exclusively Metatrader MT4 and MT5 platforms. Both platform versions are available for PC and Mac desktops, Apple and Android mobile devices and also as a WebTrader.
Coinexx investment instruments include over 60 forex pairs, cryptocurrencies including bitcoin, litecoin and ethereum, as well stock indexes, precious metal, commodities as CFDs.
Coinexx withdrawals and deposits are only available with cryptocurrencies, there are no deposit and withdrawal fees.
Please read Coinexx Reviews below and share live trading experiences with this offshore broker.
Coinexx.com is NOT related to Coinexx.org.
The FPA is informed that Coinexx.NET is an impostor site misusing Coinexx.com's logo and even contact information.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$5|
|Address:||Caravelle House, Manglier Street, Victoria, Mahé, Seychelles|
|Trading platforms:||MT4, MT5|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|Cryptocurrencies:||(5+) Bitcoin, Litecoin, Ethereum|
|CFD:||(10+) Gold, Silver, Stock Indexes, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Deposit Methods:||Bank Wire (BankTransfer/SWIFT), Bitcoin, Bitcoin Cash, Ether/Ethereum, Litecoin, Other Crypto Currencies|
|Withdrawal Methods:||Bank Wire (BankTransfer/SWIFT), Bitcoin, Bitcoin Cash, Dash, Ether/Ethereum, Litecoin, Other Crypto Currencies|
Removed my profits, won't even let me withdraw my balance, stay away!
Dec 12, 2022 - 1 Star Ive traded with Coinexx for several years. Until this year, everything was fine but when I wanted to withdraw my funds last september ( 27k) , it was denied because my account was suddenly under review . They subsequently removed all my profits (13k) and when I tried to withdraw what was left (14k), they wouldnt process that either. After my last withdrawal attempt, they blocked access completely to my client area. All this time they never gave any explenation why they did these things. It just shows they are completely unethical and because they are unregulated they just do whatever they want with clients funds.
We are writing this rebuttal, so that readers are not misled. As has already been discussed with you, you were abusing our system by placing trades at a time when we faced a briefly technical issue and on certain instruments there was no price feed available. You manipulated our system by placing hundreds of trades at the prices which did not exist in the market. You have acknowledged this fact and have actually withdrawn profits as well in the past.
However because of this trading style, we have banned you as a client on our platform. But you have been trying to extort money from us, saying that if we pay you a certain amount, you will remove this review.
We are strictly against bribing and such unethical practices. Hence, we have chosen not to pay you to get this fabricated review removed.
If there is anything else that you would like to discuss, please reach out to us.
Since you have used a pseudo name to post your review, we are not sure about your identity. We process all withdrawals within 24 hours. So it is actually impossible that you did not receive the withdrawal or any response. We request you to reach out to us on Live Chat or mailto:email@example.com so that we can assist you.
This company is Legit trust me
Thorough Due Diligence Done
I have been with the broker for a while, I am trading on a live account, and making constant withdrawals./ transactions with them and never had we needed to exchange details.
There are no trading limits and no restrictions, not that I push my account to its limits because I am risk averse but this can be good for a day when I want to shoot for the sky, I know I wont have a roof to stop me.
I recommend coinnex
US30 Pays but I have to pay spread First
I like only doing this pair with coinexx becaus the pair pays the most out of all pairs in the market. This is a fact that can be checked and proved. Although US30 is my favorite thing to trade it has the highest spread out of all the us indice shares on this brokers platform but I still trade it because compared to other brokers the spread is still not as wide as I have seen in other places
Reliably Tight Spreads and Good withdrawal Policy
To my luck my order triggered while I was behind my pc at it gave me a good chance to analyze the brokers spreads market movements at entry. As advertised the spreads were about 0.0022 pips on the trade. My order was quite close to where I thought the market would turn from and I did not experience any significant drawdown. Coinnex offers good spreads on most of their pairs but my favourite pairs are USDCAD and USDCHF. I plan on only trading USD crossed pairs on coinnex because they have the tightest spreads. For example USDCAD spreads are 0.00224 & USDJPY spreads are 0.033 pips. Pairs such as EURCHF have widers spreads. I do not have much experience with EURCHF but I can recommend USD cross pairs trading with coinnex as it comes with tight spreads
Good Broker with Flexible Leverage
Recommend this broker if you have a high risk appetite and want 1:500 leverage
I would like to trade stocks as well too but there aren’t so many of them. That’s why I have accounts in several brokers.
coinexx, quite good broker
crypto deposit and withdrawals
after a year started to think that news trading is the best but lost in july all of the funds because of nfp and 3d party vps provider
anyway that broker is a good choise and i plan to go back in a few month
Frequently Asked Questions
Is Coinexx regulated?
In other words, there is no designated government or non-government body to supervise the activities of Coinexx or to resolve complaints. .
Is Coinexx a good broker?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Coinexx community discussions: https://www.forexpeacearmy.com/community/tags/coinexx/
How do I withdraw money from Coinexx?
Withdrawals are processed within 48 hours of receiving the request.