Coinexx

AspectDetails
broker popularity top broker high popularity best reviews benchmark
Leverageup to 1:500
Minimum Deposit$1
Year Established2018
RegulationNot regulated
Payment methodsBank Transfer, Credit Card, Debit Card, Crypto Transfer
Publicly Traded
Employees<25
Type of BrokerForex Broker
MT4
MT5
Trading Assets60 forex pairs, cryptocurrencies including bitcoin, litecoin and ethereum, as well stock indexes, precious metal, commodities like Oil, Gold & Silver and CFDs.
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4.3
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Cryptocurrency-centric innovation, offering primary deposits and withdrawals in digital assets.
  • Offshore advantage, providing a more flexible trading environment with higher leverage.
  • High leverage opportunities, reaching up to 1:500 for liquid assets.
  • Simplified onboarding and anonymous trading, eliminating extensive ID verification requirements.
  • Transparent trading conditions, with low spreads starting from 0.0 pips and competitive commissions.
  • Generous 100% welcome bonus on initial deposits of USD 100 or more.
  • Diverse funding options, supporting a wide range of cryptocurrencies.
  • Broad spectrum of trading instruments, including over 60 forex pairs, cryptocurrencies, and commodities.
  • MetaTrader platforms (MT4 and MT5) for a familiar and accessible trading experience.
  • Streamlined registration process, fostering accessibility for traders of all levels.
Cons
  • Unregulated status and offshore location may raise concerns about investor protection.
  • Limited regulatory oversight compared to European and US-based brokers.
  • Potential anonymity in trading may attract unwanted attention or misuse.
  • Exclusive reliance on cryptocurrencies for deposits and withdrawals.
  • Limited educational resources and research tools compared to some competitors.

Introduction

Founded in 2017 with its roots in Seychelles, Coinexx boldly stepped into the world of forex and cryptocurrency trading.

Positioned as an unregulated broker, it distinguishes itself by embracing a disruptive approach, challenging traditional norms.

Let’s delve into the intricacies of this offshore entity and explore the unique features that define its identity.

Company Overview

  • Established: 2017.
  • Location: Seychelles.
  • Regulation: None.
  • Offices: Kingstown, Edinburgh.
  • Broker Type: STP.
  • Leverage: Up to 1:500.
  • Deposit: From 0.0001 BTC.
  • Spreads: Low.
  • Platforms: Web, MetaTrader 4, MetaTrader 5.
  • Instruments: Currencies, Crypto, Indices, Metals, Energies.
  • Funding Methods: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple.
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1. Cryptocurrency-Centric Innovation

Coinexx’s foundational principle revolves around disrupting the traditional reliance on slow bank wire transfers for deposits and withdrawals.

Unlike many brokers, it proudly accepts primary deposits in cryptocurrencies rather than national fiat currencies.

This innovative approach resonates with the evolving landscape of digital assets and positions Coinexx at the forefront of cryptocurrency-centric brokerage.

2. Offshore Advantage

Registered in Seychelles, this broker benefits from offshore status, liberating itself from the stringent regulations typically associated with European and US-based brokers.

This unique position translates into a more favorable trading environment for retail traders who seek flexibility in trading conditions.

3. High Leverage Opportunities

Coinexx distinguishes itself by offering substantial leverage, reaching up to 1:500 on the most liquid assets.

This stands in stark contrast to the limited leverage allowed by European brokers, providing traders with an enormous benefit if approached with the necessary discipline and risk management.

4. Simplified Onboarding and Anonymous Trading

Aiming for accessibility, the Exchange streamlines the registration and verification process, eliminating the need for extensive ID verification common in the industry.

Paired with anonymous deposits in cryptocurrency, traders have the opportunity to engage in completely private and anonymous trading.

This emphasis on privacy may emerge as one of Coinexx’s strongest selling points over time.

Trade Crypto without KYC

5. Transparent Trading Conditions

Coinexx prides itself on transparency in trading conditions.

Spreads, starting from 0.0 pips, are listed openly on the broker’s website, providing clarity to traders.

Commissions are competitively priced at approximately USD 2 per lot, with a minimum trade size of 0.01 lots on the standard Pro ECN Account.

6. Welcome Bonus and Account Funding in Cryptocurrencies

Upon funding an account, new traders are welcomed with a generous 100% bonus on their initial deposit of USD 100 or more.

This bonus serves as additional trading capital, allowing traders to significantly enhance their profit potential.

Moreover, Coinexx supports a diverse range of cryptocurrencies for account funding, including Bitcoin, Litecoin, Dash, Ethereum, and 25 others.

7. Broad Spectrum of Trading Instruments

Coinexx offers an extensive palette of trading instruments, spanning over 60 forex pairs, cryptocurrencies such as Bitcoin, Litecoin, Ripple, Ethereum, stock indices, precious metals, and energy commodities.

This broad spectrum caters to diverse trading preferences, empowering traders to build well-rounded portfolios.

8. MetaTrader Platforms

Aligned with industry standards, Coinexx supports the MetaTrader 4 and 5 platforms.

Whether traders prefer the established MT4 or the enhanced capabilities of MT5, both options are available for PC and Mac desktops, Apple and Android mobile devices, and as a WebTrader.

This ensures a familiar and accessible trading experience for users across different devices.

Comprehensive Review

Founded with a mission to revolutionize conventional forex and CFD brokers, its approach centers around efficient cryptocurrency transactions, leveraging the expertise of industry veterans.

The offshore status, coupled with the absence of restrictive regulations, allows for advantageous trading conditions, including high leverage and minimal entry barriers.

The option for anonymous trading, facilitated by minimal ID verification requirements and cryptocurrency deposits, emerges as a compelling feature.

Coinexx further distinguishes itself by providing a 100% welcome bonus on initial deposits of USD 100 or more, offering traders an enhanced potential for profit.

Trading instruments encompass over 60 forex pairs, cryptocurrencies (Bitcoin, Litecoin, Ripple, Ethereum), stock indices, precious metals, and energy commodities.

Supported by the MetaTrader 4 and 5 platforms, Coinexx ensures familiarity and accessibility for traders across different devices.

Conclusion

As we conclude our in-depth exploration of Coinexx, it becomes evident that this broker is not just a participant in online trading; it’s a catalyst for change.

By embracing cryptocurrencies, offering high leverage, and simplifying the onboarding process, this broker provides a dynamic and innovative trading environment.

Traders navigating the crypto frontier may find in this exchange a partner that aligns with their preferences for privacy, flexibility, and transparent trading conditions.

However, as with any innovative approach, potential users should carefully weigh the advantages against the concerns associated with the broker’s offshore and unregulated status.

Coinexx stands as a testament to the evolving nature of online trading, inviting traders to explore the possibilities beyond the traditional boundaries.

Official website: www.coinexx.com

FAQ – Frequently Asked Questions

Is it regulated?
No, Coinexx operates as an unregulated broker from Seychelles.
Where is the company located?
Coinexx is headquartered in Seychelles, with offices in Kingstown and Edinburgh.
What is the maximum leverage offered?
It offers leverage up to 1:500 on the most liquid assets.
Can I trade anonymously?
Yes, Coinexx allows for anonymous trading, particularly with minimal ID verification requirements and cryptocurrency deposits.
What cryptocurrencies are accepted for funding?
Coinexx supports a diverse range of cryptocurrencies, including Bitcoin, Litecoin, Dash, Ethereum, and 25 others.
Does it offer a welcome bonus?
Yes, new traders receive a 100% welcome bonus on their first deposit of USD 100 or more.
Which trading platforms does it support?
Coinexx supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available for various devices.
Is there a minimum trade size?
Yes, the minimum trade size on the standard Pro ECN Account is 0.01 lots.
What are the withdrawal methods available?
Withdrawals on Coinexx are exclusively available in cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin, and others.

References and Sources

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Last updated: June 11, 2024