Coinexx is a global online trading platform that offers access to forex, cryptocurrencies, indices, and commodities. Since its launch in 2019, Coinexx has positioned itself as a feature-rich platform for both novice and experienced traders. It offers advanced charting tools, competitive spreads, fast trade execution, and round-the-clock customer support. But is it the right platform for your trading needs? This review explores Coinexx’s key features, advantages, drawbacks, and real user experiences to help you decide.
What Is Coinexx?
Coinexx is a digital broker offering contract-for-difference (CFD) trading on multiple asset classes. Known for its crypto-funded accounts and high leverage, Coinexx operates with a client-first philosophy. Traders can access the MetaTrader 4 and MetaTrader 5 platforms, which are industry standards in the online trading world.
Key Features
- Support for MT4 and MT5 platforms
- Crypto-only funding (Bitcoin, Ethereum, Litecoin, etc.)
- Leverage up to 500:1
- Spreads starting from 0.0 pips
- No minimum deposit requirement
- Free VPS for eligible accounts
- 24/7 customer support
Pros of Using Coinexx
1. Competitive Trading Conditions
Coinexx is favored for its low trading costs, featuring raw spreads from 0.0 pips and commissions as low as $2 per lot. This is especially useful for scalpers and high-frequency traders who benefit from tight spreads and fast execution.
2. Crypto-Only Funding
Traders fund their accounts exclusively with cryptocurrencies, offering greater privacy and faster transactions. Bitcoin, Ethereum, and Litecoin are among the accepted options.
3. Access to Free VPS
Coinexx provides a Virtual Private Server (VPS) for clients who meet minimum monthly trading volume requirements. This feature is especially useful for automated trading strategies and expert advisors (EAs).
4. Fast Withdrawals
Withdrawals are typically processed within 24 hours, with no hidden fees. This quick turnaround is a major plus for active traders.
5. 24/7 Support
Coinexx offers around-the-clock customer support via live chat, email, and phone. Most queries are resolved quickly, making it easy to get help when needed.
Cons of Using Coinexx
1. No Fiat Support
All deposits and withdrawals must be made in cryptocurrency. There’s no support for traditional fiat currencies or direct bank transfers, which could be a barrier for some traders.
2. Commission-Based Trading
While spreads are low, a commission is charged per trade. This is standard among ECN brokers, but should be factored into your cost calculations.
3. Unregulated Status
Coinexx is currently an offshore broker and is not regulated by any major financial authority. This may raise concerns for traders who prioritize regulatory oversight and protection.
User Reviews
Mike Loewe, Heidenheim, Germany
“Coinexx has been reliable for my scalping strategy. The tight spreads and fast execution allow me to make multiple trades without slippage. Withdrawals are quick, usually within one business day. Great platform for active traders.”
Babar Rathor, Valencia, Spain
“After issues with my previous broker’s MT5, I switched to Coinexx and was impressed by the free VPS and excellent customer service. It’s been smooth trading so far, especially during volatile market periods.”
FAQs
Is Coinexx regulated?
No, Coinexx is not regulated by any major financial authority. Users must consider this before funding an account.
Does Coinexx support fiat deposits?
No, all deposits and withdrawals are conducted via cryptocurrency.
What platforms does Coinexx support?
Coinexx offers MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile trading.
How fast are withdrawals?
Withdrawals are typically processed within 24 hours, although delays can occur depending on blockchain congestion.
Is Coinexx good for beginners?
Coinexx offers powerful features but lacks educational tools for beginners. It may be more suitable for intermediate to advanced traders.
Conclusion
Coinexx is a powerful trading platform offering competitive conditions, crypto-only funding, and access to institutional-grade trading tools. While it excels in speed, spreads, and customer support, it lacks regulatory backing and fiat funding options. For experienced traders comfortable with crypto transactions and unregulated brokers, Coinexx presents a solid choice. Beginners or those seeking regulated environments may want to explore other options.
