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Coinexx Review
Coinexx is an offshore crypto funded forex broker with no real regulator. Both the FCA and the CFTC have placed it on their public warning lists.
Min Deposit
$10
Spreads From
0.1 pips on ECN accounts, plus a $2 per lot commission
Max Leverage
1:500
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Very low ten dollar minimum deposit to open an account
- Crypto only funding avoids slow bank transfers for some traders
- Offers MetaTrader 4, MetaTrader 5, and ActTrader platforms
- ECN accounts publish a flat two dollar per lot commission
Cons
- No license from any real financial regulator anywhere
- Listed on the FCA warning list of unauthorised firms
- Placed on the CFTC RED list in 2020 for unregistered forex solicitation
- Forex Peace Army hosts trader reports of withdrawal delays and blocked accounts
Coinexx Ltd started in 2017 and is based in Kingstown, Saint Vincent and the Grenadines. It built its name on crypto only funding, so clients deposit and withdraw only in Bitcoin and other coins, with no bank transfer or card option.
Coinexx holds no license from a real financial regulator. Saint Vincent company registration is not real oversight. The FCA lists Coinexx on its warning list of unauthorised firms, and the CFTC placed Coinexx on its RED list in 2020 for soliciting forex clients without registering. It does not accept clients from the United States or Australia today.
Minimum deposit is just 10 dollars, and leverage can reach 1 to 500, signs of a high risk offshore setup, not a protected retail account. Traders on Forex Peace Army report withdrawal delays and accounts blocked after a profit request. A 100 percent deposit bonus is live on its site, a type of offer FCA and CySEC brokers ban for retail clients since it can push overtrading.
Min. Deposit
USD 10
Max Leverage
1:500
Spreads From
0.1 pips on ECN accounts, plus a $2 per lot commission
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
