Coinexx Broker Review 2024

Coinexx offers Demo and ECN accounts with a minimum deposit of $10. The platform’s low fees, starting from near 0, and its high leverage offering (1:500), make it an appealing choice for high-risk scalpers.

Company Information & Regulation Status

Coinexx is a relatively new player in the online trading scene, having been established in 2017.

While the company's youth might raise eyebrows for some, it's important to note that Coinexx has quickly gained traction among traders worldwide. Here's what you need to know about the broker:

• Headquartered in Comoros, KM;
• no significant financial authority regulates Coinexx.

 This lack of regulation may concern some traders, particularly those prioritizing the security and oversight of regulated brokers.

Coinexx Broker Summary of Specifics

Let's take a quick look at the key features of Coinexx:

Coinexx’s Types of Accounts

Coinexx broker keeps things simple by offering one main account type:

• ECN;

ECN account is a standard live trading account that is perfect for beginners and experienced traders. Coinexx account features:

• Low minimum deposit of $10;
• Spreads from 0.00001 pips;
• Commission of $1 per lot (round turn);
• Leverage up to 1:500;
• Access to all available trading instruments.

The broker also provides a demo account for less experienced traders to navigate the trading environment.

This type is ideal for practice and strategy testing, as the demo account mimics actual market conditions without risking real money.

Signing Up & Verification Process

Getting started with Coinexx is easy to follow. Coinexx Signup:

1. Visit the website and click on the "Register" button;
2. Fill in the registration form by providing the necessary details;
3. Agree to the terms and conditions;
4. Set a password;
5. Complete the registration process and sign in;
6. Verify your email address;
7. Log in to your new account;

Since the deposit and withdrawal will be proceeding by crypto assets, KYC may not be required for trading on the platform. Contact the support team for more advanced questions.

Trading Platforms for Coinexx                                                      

The broker offers 3 powerful trading platforms to cater to different trader preferences. Coinexx platforms:

1. MetaTrader 4 (MT4);
2. MetaTrader 5 (MT5);
3. ALPHA Trading Platform.

All platforms offer:

• One Click Trading;
• Custom Indicators & Strategies;
• No Restriction on Placing SL & TP (Stop Loss & Take Profit);
• Multiple Charts Setup.

All platforms are available for desktop, web, and mobile devices, ensuring you can trade on the go or from your preferred setup.

Spreads and Commission Structure

The platform prides itself on offering some of the tightest spreads in the industry. Coinexx Spreads and Commissions:

• Spreads start from an incredibly low 0.00001 pips (EUR/USD);
• Commission of $1 per lot (round turn) on ECN accounts;
• No hidden fees or charges.

These competitive pricing conditions make Coinexx an attractive option for high-volume traders and those seeking to minimize trading costs.

Deposit & Withdrawal Methods and Fees

Coinexx takes a unique approach to deposits and withdrawals by exclusively supporting cryptocurrencies. Coinexx payment methods:

• Bitcoin (BTC)
• Litecoin (LTC)
• Ethereum (ETH)
• USD Coin (USDC)

While the crypto-only approach may be limiting for some, it offers advantages like faster transactions and increased privacy.

Copy Trading & Investment Options

Unfortunately, Coinexx does not offer a copy trading feature at this time. However, they do provide a PAMM (Percentage Allocation Management Module) account:

• These accounts allow investors to dedicate funds to professional traders;
• Potential to earn profits based on the performance of chosen money managers;
• Suitable for those who want to benefit from forex trading without active involvement.

Bonus offerings and Promotions

Coinexx broker offers an attractive 100% deposit bonus for new clients:

• The maximum leverage for the bonus offer is 200X;
• The maximum bonus amount per client at a time is $40,000;
• Bonus money cannot be withdrawn or lost through trading, but you can withdraw all profits made using the bonus money;
• The bonus amount will be removed after the client loses all their funds;
• Minimum deposit required: $100.

The broker also provides traders with an affiliate program, allowing them to earn additional income while making profits from trading.

Remember to read the terms and conditions associated with any bonus or promotion before participating.

Customer Support Team and Hours

Coinexx provides multiple channels for assisting customers. Coinexx support channels:

• Phone support: +1-929-388-0701;
• Email support: support@coinexx.com;
• 24/7 Live chat;
• Contact form.

The support team is known for being responsive and quick, helping to resolve issues efficiently.

Coinexx’s Trust Scores & Reviews on Trustpilot

Despite being a relatively new broker, Coinexx has garnered positive feedback from the Trustpilot website with an amazing rating of 4.9/5.

Users frequently praise the low spreads, fast execution, and responsive customer support—however, some express concerns about the lack of regulation.

Conclusion and final words

Coinexx offers many trading options, including PAMM accounts and Crypto Trading.

With its attractive $1 commission per lot on ECN accounts and variety of crypto payment methods, such as BTC, LTC, ETH, and USDC, the broker stands out among its rivals.

The lack of regulation is a significant consideration, and traders should weigh this against the potential benefits.