Coinexx Review

I came across with the Finpro sale. I also was signed up with Tallinex before they kicked US clients. I've been with the BS US brokers as well. Both before and after the Dodd Frank stuff. Anyway, I just closed my account with them. I'm going to go trade E mini's. That being said my experience was quite good with them. Once I got a crypto wallet set up. I got the transfers after a day or two of waiting and they were done at the prevailing market rate (one way I thought they might try to screw me). The spread was super small and all in very reasonable when the comission was added in. I started during the glory days of FX trading and it reminded me of that. I only traded small amounts/lot sizes, but there was no slippage and everything went smooth. Their tech is pretty good too. I just couldn't justify the offshore brokerage now that I can trade E minis. So, the CFTC finally did it, they killed this Forex trader. But if your a US person looking for an offshore broker. I would recommend.

One of the few brokers that I feel confident in. Very tight spreads and no crazy wicks that try to take out a SL. Withdrawals can take a up to 3 days to be in your account, however this is states on the website so completely within my bounds.
Mt4/Mt5 platform to use. One of the lowest commissions offered at $2 a lot. Only giving it 4 stars since I wished they had faster withdrawals

About Coinexx: I am finally seeinmg a steady profit in my trading.

After steadily growing my account, and after spending months adding over 100 indicators, over 50 profiles, over 100 templates, suddenly, my Coinexx MT4 "stopped working." This happened today, Sunday 8-11-19, right as the new trading session started. I spent hours on the weekend planning trades, researching and marking my charts. Then, "coincidentally," right when the markets opened, my MT4 stopped working?? Then the Coinexx rep, via "chat" say, just reload MT4. I am so angry I can't begin to tell you.

my "MT4 Stopped working" means losing EVERYTHING! I now have to spend hours re-installing all of my indicators, re-installing all of my templates, re-installing all of my profiles...it is very, very suspicious? I wanted to come to ForexPeaceArmy, so that if any other winning traders have this happen with Coinexx, you know what's going on.

If you start making money, and you find that with Coinexx, all of your work has suddenly, simply "disappeared," and there's nothing you can do about it, you will then know: that's how easily a broker could put a major hurdle in front of you.

For me, I am going to open up a couple of accounts elsewhere, with larger, regulated brokers. I took a chance with Coinexx. But this really pissed me off!

May 29, 2019 - No Rating The jury is still out on this one...so far, so good.

I had a good overall trading experience with "FinPro." When FinPro was bought by Coinexx I transitioned. I have basically had no negative issues...I think.

What I am watching for, is any spread manipulation. I am not accusing Coinexx of anything. But, I am watching carefully. Here's why:

On three separate occasions, I experienced a quick spread spike in excess of 20 pips, taking out my SL, seconds before the trade went in the direction I expected. This only happened when I temporarily stopped using the "stealth mode" of my trade management software. Previously I only traded in "stealth mode," not revealing my SL, and didn't notice anything like that.

To be fair, maybe the spike, seconds before a significant move, is something that can't be avoided. But, it seems a little suspicious.

Now, I actively monitor trades more aggressively, and I keep my stops 100 or more pips away, in "stealth mode." If the trade goes far enough against me, I just manually shut it off. But, unfortunately, it means more "screen time." Oh well. It's my money.

I also use a second monitor with two other data feeds, to confirm and compare that a major spread spike is not just happening with Coinexx.

Like I said, I enjoy the leverage, and I've had no problem making withdrawals. And, since I've been trading for 10 years, I've learned that most issues weren't the brokers fault.

I understand how the banks manipulate the forex, I understand the dangers of trading the majors, trading when the markets first open...trading on Friday, when the banks take their profit.

But, I am actively watching the spreads, recording the spikes, and comparing the data feeds.

Can't be to careful :)

Mar 19, 2019 - 4 Stars I, too, was with "FinPro," who was then bought out by Coinexx. I was happy with FinPro, and I'm happy with Coinexx.

One criticism, is that some of us are active traders, with multiple accounts, and with more than one broker. Sorry, but, I don't think it's wise to keep "all of your eggs in one basket."

Each time I request a withdrawal from Coinexx, they contact me me to find out "what's wrong?" I have to tell them, "nothing is wrong" :) I just need my money whenever I need it. They should already know: if people have a problem, they won't hesitate to let them know.

I make regular deposits and regular withdrawals. Other than that annoying "inquiry," I have had no problem making withdrawals with Coinexx, and I've made quite a few.

I would love to see this broker offer the option to link a "VISA" card to the trading account (like I have with "Interactive Brokers"). It eliminates the fear we have of getting or having access to our money. After all: it's OUR money, and if a broker wants a lot more traders to deposit funds, make it easy for us to get our money when we want it.

Also, the online back office platform seems a little "glitchy," and sometimes you will sit there with a frozen page, watching the "crypto wheel" spin, until to refresh the page. But, I don't need the back office that much, and I can live with that.

What's important to me is 1) good commissions, 2) great leverage 3) deposits are credited quickly to the trading account, and 4) withdrawals are no more than a couple days.

For now, I primarily transact via "bitcoin," which is then converted to USD for trading, and it's easy to do with Coinexx.

If anything changes, I'll be sure and let you know.

Remember, anytime you trade with an unregulated broker, which some of us USA clients do, watch your balances. Spread things around a little :)

Hi there, I tried Coinexx now and it left me with mixed feelings.
Firstly, in my personal opinion many of the reviews here are written by them, they read like an ad text, so I would only consider the balanced reviews for your decision.
Here are my general bullet points after trading there with 1,8k

1 - Spread was fair and alright when I traded it.
2- Minimum leverage is 100x, which I personally find insanely dangerous already - don't gamble your cryptos away
3- Convenient to start with as you don't have to provide all your documents, like IDs etc (which I know are often sold on the dark net later by employees of brokers - not Coinexx, but in general). So this is a big plus.
4 - MT4/MT5 available, I had no issues locally and/or with the web trader.

Negative points to consider:
1 - Consider they are completely unregulated. Crypto is most often shady in general (I am working in this niche). Brokers are most often shady in general. Combine both and you have a very high risk scenario. No CC charge backs, no FSA/PRA is there to protect your ass in case of a dispute.
2 - This is the main negative spot where they will try to screw you imo: You deposit in crypto and it is converted spot to your local currency. We all know how volatile crypto is. So a BTC move can balance out your loss of a trade or make it even worse when withdrawing. I saw the recent BTC/ETH drop coming and thought it would be smart to take out my profits in EUR + the increased value in ETH but what they do, is to delay the withdrawal, so you get maximum breakeven. Once I confirmed my withdrawal, request it took 2 days until an AM contacted. He/She wanted to reconfirm that all my given details are correct. Once confirmed they take another 24 hours to withdraw your money, so they have room to time your withdrawal, at a time where they can negate your earning with the help of crypto volatility. I think they use this on a broad scale, but this is just an assumption and only found evidence in my single case. I will observe that and update here.

And this broker far outperforms it's competition for US investors. ECN is second to none, and results for my automated strategy are better than head to head tests against LMFX and TurnkeyFX.
Good liquidity here, and always improving.
4 stars because website is sometimes buggy and un-responsive, and doesn't give much feedback about whether it is hung up or will load eventually.
Great, responsive broker, easy BTC deposits and withdrawals, hopefully here for the long term.

coinexx pays withdrawals for now any change i will be reporting them here, they have great spreads and very good leverage any change in their behavior i will let forex peace army know. great broker so far

I hate to post this, because I am so fully committed to using Coinexx.com but just thought I would mention it. My friend has his Coinexx credentials stolen through a Key Logger. Hackers were then able to enter the Coinexx account, determine the balances, and then (somehow) fake email requests for the withdrawals, which were NOT send from my friend's email service (protonmail in Switzerland) . Fortunately, these were only about $100 and another $60 or so... SUBSEQUENTLY, COINEXX HAS ADDED additional security. HOWEVER, they were never up front on the theft, and send us the email messages requesting the EXACT balances to transfer to a BitCoin address from the 2 accounts. COINEXX is, without doubt, and especially for U.S. persons, the finest available offshore brokerage, so I am sad to report this. I will be continuing to use them, and do recommend them to anyone. HOWEVER, if you are using Windows, I highly recommend that you use a product called "Key Scrambler" (I am not affiliated, and this isn't advertising) which thwarts the ability of keyloggers to steal data from within Browser fields by encrypting the entries, etc... quite transparently. IN CONCLUSION: I will continue to use Coinexx, but am very upset that my friend's "lax security" allowed attackers to scrape his login credentials and to steal all of the funds in his accounts at Coinexx. I also believe they have better security now, so I don't see this as a show-stopper for me. hyperscalper

Overall satisfactory. Unfortunatley what caused me to submit a lower star was the huge jump in market spreads at close. I do understand it occurs, however xauusd spread at daily close was at 20 pips literally while two other major competitors was only only 2.

I burnt-up around 100K of my family savings over a 2 year period in 2014-16, with various different Forex brokers (both US domestic and offshore).

After a 2 year of trading break, I took an online course to reboot my skills, and then started trading with 20K in June-2018. I consciously decided to choose only offshore brokers as our nasty government's is determined to kill the Retail Forex traders in US with their lopsided regulations.

I opened-up 3 accounts with 3 different brokers and one of them was with this Coinexx. I started my Coinexx account with only 2K initially as they took only Bitcoins, which I wasn’t quite comfortable with using back then.

As mentioned by the others - what I soon realized was that on the same scalping or hedging trades where I would lose money with my other 2 brokers, I would make money with Coinexx broker. Clearly, it was not my trades, but I was just being ripped off, yet again. In fact, my exact same trades when put-up on Coinexx broker's MT4, would outperform.

It was just fair execution and the lower trading costs – i.e. Coinexx's thin spreads and low commissions, and fewer execution slippages. So, in Aug/Sep-18, I moved over my entire portfolio to Coinexx (~17K then) and I started to lever it up big.

In Oct last year, I took a big fat loan out on my mortgage and I put all of that into play over my Coinexx account and it was the best and boldest decision I have ever made.

I have withdrawn over 1 MM from my account and made 23 large withdrawals, and all of them were processed without any botheration, except my identity verification calls.

My RM at Coinexx is Mr. Simon White and I just love the guy for he is always there to take care of my requirements. The system is intuitive so I seldom needed to use their chat support much but they were "Real people", and helpful every time I interacted with them.

I like their back-office web portal a lot, and especially the ability to get an instant matching Bonus on my each and every Deposit.

So, Wify is happy as we have "Zero" debt, pretty decent investments and we move into a bigger place in a better neighbourhood. Thanks to you my good broker - Coinexx, and of course much thanks to my Luck, and some to my Trading skills.

I am very pleased with Coinexx and have been trading with them since past 1 year.

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 :)