Coinexx Review

Coinexx Logo

Coinexx is an online forex and crypto broker. They use cryptocurrencies for all their transactions, which helps to ensure instant transactions, security, and anonymity. The broker has partnered with Premium Liquidity Providers (LPs) to give its clients tight spreads from 0.0 pips and lightning fast trade execution speeds. They offer a generous choice of 80 tradable instruments across forex, cryptocurrencies, commodities and indices. There is no minimum deposit required to start trading with Coinexx, whilst free demo accounts are available if you wish to practice trading online before making an investment. The account opening process is instant without any verification required. You can start trading in just a few clicks.

Coinexx implements an ECN/STP trading environment. An electronic communication network (ECN) is a digital system that matches buyers and sellers looking to trade securities in the financial markets. Straight-through processing is a method used by financial companies to speed up financial transactions by processing without manual intervention. This means that your orders can get sent directly to the markets without any dealing desk interference. Therefore, Coinexx are able to provide some of the best available prices.

Founded in 2018 in based in Kingstown in Saint Vincent and the Grenadines, Coinexx offers an efficient trading environment to its clients that reduces latency and improves trading efficiency. When you trade with them, you can gain direct access to the world’s deepest liquidity pool aggregated from a network of Tier-1 Banks & Prime Liquidity Providers. Coinexx boasts of having thousands of trading accounts from clients all over the world and has their data centre in Amsterdam.

Some of the key Coinexx features include the following:

  • Pure ECN Environment
  • Deep Liquidity Pool
  • MetaTrader 4/5 Platforms
  • Multiple Base Currencies
  • No Trading Restrictions
  • No Transaction Costs
  • Secured Transfers
  • No Minimum Deposit
  • Anonymity

Coinexx is a place where traders can access real-world markets with cryptocurrencies and start trading instantly. They offer deposits and withdrawals via cryptos, overcoming the biggest hurdle letting traders instantly transact funds. By using cryptos instead of fiat, they provide traders instant deposits, lightning fast execution, worldwide market access from around the globe, tight spreads and excellent client support.

The company is backed by veterans with solid track record and extensive experience in the financial industry. They understand what traders need to trade effectively. The brokers aim is to provide customers with a stellar trading experience and they plan on remaining at the forefront of the brokerage industry, continuing to offer more products and services to traders in innovative new ways.

Coinexx Broker Features
Coinexx Broker Features

Coinexx Trading Instruments

You can trade Forex and cryptocurrencies with some of the lowest spreads in the industry through Coinexx. They also have a selection of indices and commodities including precious metals.

CFD Trading

Coinexx instruments are available as CFDs. A Contract for Difference (CFD) is a leveraged financial instrument, which allows you to speculate on price movements of different markets, such as forex, indices, commodities and cryptos.

Unlike traditional trading on those markets, you don’t need large amount of capital to start trading — CFDs are traded on margin, similar to Forex. You also don’t need to physically hold the asset as you are speculating on the price.

CFDs can be used as to speculate on up and down movements, as to hedge or diversify your equities of commodities portfolio without the significant collateral requirements and lot sizes associated with classic Futures trading.

Leveraged Trading

Leveraged trading refers to the process whereby investors can buy or sell more than what they can afford to without it. Leverage is expressed as a ratio, for example 10:1, 50:1, 100:1 & 200:1. Assuming that you have $1000 in your trading account, with leverage of 100:1, you can trade with contract size of $100,000. At Coinexx, they offer flexible leverage up to 500X, traders have the option to choose any leverage up to 500X to suit their trading requirements.

It is however important to state that there are significant risks involved when trading with leverage. Whilst it can increase the profit potential of a trade position, leverage also increase the potential risk and loss. Therefore, make sure you have a clear understanding of what leverage is and how it works, if you are considering trading online with leverage.

Forex Trading

Forex is the world’s largest and most liquid market with average daily turnover exceeding $5 trillion. Coinexx offer more than 60 currency pairs including major, minor and exotic currency pairs with spreads starting from as low as 0.0 pips. The forex markets remain active nearly 24 hours a day, 5 days a week so that you can trade whenever you want.

Commodities Trading

Commodities can be a great asset to diversify your portfolio and trading strategies. Traders can buy or sell to take advantage from falling or rising markets. With Coinexx, you get access to wide range of commodities including gold, silver, WTI crude oil, Brent crude oil and natural gas with very competitive spreads. Coinexx offers up to 500X leverage for all the commodities, same as you find on other trading instruments.

Indices Trading

Stock indices are among the most popular trading instruments in the financial markets, giving the opportunity to take positions on the macroeconomic front. Stock index measures the value of a specific section of the stocks and depicts the general direction of the share market. Coinexx offers most of the major stock indices with top class trade execution and exceptional spreads. Trade from 0.01 micro lots with a maximum leverage of 500x and make the most out of your trading strategies. The broker welcomes all types of trading styles including automated trading, scalping, news trading, hedging etc. with no FIFO rules or restrictions applied.

Crypto Trading

Cryptocurrencies have emerged as one of the most popular trading instruments in the trader’s community. With Coinexx, you can trade on world’s most popular decentralized digital currencies including Bitcoin, major altcoins, Bitcoin cross assets and other crypto assets with trading accounts denominated in BTC, ETH and USD.

Clients get access to tight spreads directly from crypto liquidity providers and experience market execution with reliable execution speeds. The brokers in-house liquidity aggregator takes liquidity from multiple crypto currency exchanges and provides you deep liquidity and superior execution.

Avail leverage up to 5x and trade from 0.01 micro lots 24/5 on the MT5 trading platform without any kind of restriction on trading styles as the Crypto market never takes a rest.

Coinexx Trading Platforms

MetaTrader 4 and MetaTrader 5 allows you to perform advanced trading operations from your terminal in a fast and secure environment. The MetaTrader terminal is ideal for those who trade Forex, Commodities, Stock Indices and Cryptocurrencies. It offers charting and analytical tools, indicators, expert advisors for automated trading, scripts and more.

The broker offers their clients access to the markets via the MT4 and MT5 trading platforms. Both MT4 & MT5 are available as WebTrader, desktop applications, and mobile trading apps. Their functionalities can be expanded via plugin apps. The main difference between MT4 and MT5 is that MT5 has more features. Simply download MT4 or MT5 and experience industry leading execution of your trades.

Coinexx MetaTrader Platforms
Coinexx MetaTrader Platforms

MetaTrader 4

MetaTrader 4 (MT4) is the most widely used trading platform and is deemed as an industry standard for forex trading, financial market analysis and automated trading. Combined with the brokers competitive pricing, better-quality order executions and no dealing-desk interventions, the platform is an ideal trader workplace to trade FX, Commodities, global indices and cryptocurrencies at Coinexx.

Integrated with the brokers in-house advanced technology, Coinexx MT4 is an ideal platform offering a user-friendly interface with customizable feature-rich environment, advanced charting capabilities and technical analysis. Adding to it, the deepest liquidity pool, pure ECN spreads and superior trading conditions offer ample opportunities to traders of all skill levels.

Coinexx MT4 Trading Platform
Coinexx MT4 Trading Platform

MT4 Features

  • Numerous Built-in Indicators & Tools
  • Manual or Automated Trading via EAs
  • Advanced Analytical & charting Tools
  • Trade on Desktop, Web & Mobile
  • Multiple Charts Set-up
  • No Restriction on Placing SL & TP
  • Custom Indicators & Strategies
  • One Click Trading
  • Negative Balance Protection
  • Direct Access to Meta Trader Market
  • Trading Signals & Copy Trading
  • MQL5 Community

MetaTrader 5

MT5, an upgraded version of MT4, offers advanced tools and capabilities that you require to perform your trading strategies. MetaTrader 5 is an institutional multi-asset platform especially designed for modern day traders. With Coinexx MT5, you can get access to real time charts, live prices, technical indicators, expert advisors and in-depth news and market analysis. Its flexible trading system offers a host of outstanding trading possibilities and order management tools that helps trader to control positions quickly and efficiently.

Coinexx MT5 comes up with an easy to use interface full of customizable features specially designed to fulfil the needs of novice as well as advanced traders. You can customize your MT5 according to your own preferences and enhance your trading experience.

Coinexx MT5 Trading Platform
Coinexx MT5 Trading Platform

MT5 Features

  • Flexible & fast trading platform
  • Partial Order Filling
  • Trade from Charts
  • Aggregation of Open Positions
  • One Click Trading
  • Multiple Order Windows
  • Multiple Analysis Tools
  • Multiple Charts Setup
  • Automate trading by Expert Advisors (EAs)
  • Multilingual Support
  • Custom technical indicators & strategies
  • Freelance database of strategy developers

MetaTrader Apps

The MT4/MT5 apps are simple and easy to use; they enable the clients to monitor the market prices, place trades, monitor account balances, and analyse the market on the go, provided there is an internet connection. This can be the platform of choice for traders who travel a lot and prefer the convenience of accessing and managing their account from within the palm of their hands.

Coinexx Trading Apps
Coinexx Trading Apps

Coinexx Trading Tools

Take your trading experience with cryptocurrencies to a whole new level with access to plethora of advanced trading and analytical tools. Coinexx clients also benefit from other trading tools, such as the MAM/PAMM accounts, which features reporting tools, performance analysis, and marketing tools. There is also the Economic Calendar, which is used to monitor the dates and times of important global economic events and forecasts their impacts, as well as Forex Calculators used in the estimation of costs. The broker also have a free forex VPS service for clients who need 24/7 connectivity and good trade execution speeds.

Free Forex VPS

Coinexx completely understand how latency can significantly impact the trade execution and your trading strategies. To make sure that you get the most out of your trading, Coinexx is offering a Virtual Private Server (VPS) that allows you to remotely connect to the VPS located near to the brokers data centre in Amsterdam.

Coinexx offer the free VPS to customers having a minimum deposit of at least $5000 or the currency equivalent of your trading account base currency. You can also request the VPS at a monthly fee of $25 in case the minimum deposit requirement is not met.

Forex VPS Features

Some of the key features of the Coinexx VPS include the following:

  • Uninterrupted 24/7 connectivity
  • Access from anywhere in the world
  • Ideal for automated strategies
  • Faster execution, Lower latency
  • Robust Security, 99.99% uptime
  • Smooth functioning with optimal connection speed

Forex Calculator

The All-in-one calculator gives you access to all the information required for making smart trading decisions. Whether you are looking for information related to margin, pip value, commission or swaps, you can calculate these using our All-in-One Calculator. All calculations are done using the current market price and results are converted to the account base currency chosen by you.

Coinexx Forex Calculator
Coinexx Forex Calculator

Margin Calculator

Coinexx margin calculator helps you to calculate the exact margin required in order to open or hold a position. By choosing the preferred leverage you would like to avail in your account, you can calculate the position size you can open. Based on the results, you can then modify the leverage or adjust the lot size you are trading to maintain risk balance in your account.

Pip Calculator

Calculate the value per pip of each position and manage your risk more efficiently. With Coinexx Pip Calculator, you can calculate the profit or loss with pip movement. This helps you to calculate the exact position size for a trade and lets you accurately monitor and manage risk balance in your account. Pip value calculation is based on quote currency and varies with different quote currencies. Not only quote currencies, lot size also plays a significant role in calculation of the pip value. Knowledge of pip value helps in calculation of possible profit and loss from your trades.

Currency Converter

With the help of the currency converter, convert to and from various currencies using the current live rates. The calculator helps you to check the value of one currency against another currency. As the FX market remains operational 24/7, the currency converter uses real time exchange rates for the conversions, so you always have the latest data in hand to make trading decisions. Whether you want to convert one major currency to another major one or major to minor to exotic currency, they have it covered for you in the currency converter.

Profit & Loss Calculator

Gain insight of ‘take profit’ and ‘stop loss’ numbers before placing the trades with the help of the take profit and stop loss calculator. This calculator helps you find out your potential gain or loss for a particular trade allowing you to make wise trading decisions.

Commission Calculator

Coinexx understand the needs and requirements of traders and know how important profits are for them. Unlike some other brokers, they do not take a whole chunk out of your portfolio in the name of commissions. Instead, they charge just $2 per lot and provide you the direct access to the liquidity from their liquidity providers (LPs).

The figure will be converted according to your trading account base currency. If your account base currency is different than USD, you can check your commission with this calculator which will show up the results denominated in your account base currency.

Swap Calculator

When an investor keeps positions open overnight after 22:00 GMT, a swap is debited or credited in to trading account based on the positions type one is having. Swap charges are calculated based on the interest rate differential between two currencies of the pair & position type. You can check your swaps debit/credit based on your position type.

Economic Calendar

An economic calendar can be a very useful tool to keep track of what is happening across the global markets. You can see the dates and times of news releases along with the expected impact they may have on the markets. This is often used as part of the fundamental analysis of a trading strategy.

Coinexx Economic Calendar
Coinexx Economic Calendar

Coinexx Research & Education

Educational materials, such as trading guides, tutorial videos, webinars, and more are considered very beneficial for beginner traders to help them improve their trading skills, but none of them are on the Coinexx website at the moment. It would be great if they could add some educational resources. That being said, you can find lot of free trading tutorials online from various sources, including this website!

Coinexx Trading Accounts

The broker offers their traders the Pro ECN Account as the only live trading account available. There are free demo accounts but they do not currently have swap-free Islamic accounts for Muslim traders.

Pro ECN Account

The Pro ECN account assembles liquidity from Tier 1 Banks and Prime Liquidity Providers to offer you tight spreads, low commissions and best real-time price feed. This account can be used for scalping, news trading, and automated trading with Expert Advisors (EAs). Coinexx do not put any restrictions on your trading strategies. A commission of $2 is charged on every trade, per side. The maximum leverage is 1:500, and the raw floating spreads start from as low as 0 pips.

  • Spread: From 0.0 pips
  • Instruments: Forex, Commodities, Indices and Cryptos
  • Leverage: Up to 500X
  • Margin Call / Stop Out Level: 70% / 50%
  • Commission: $2 per Lot
  • Maximum Trade Size: 100 Lots
  • Minimum Trade Size: 0.01 Lots
  • Trading Styles: All Trading Styles Allowed
  • Account Base Currency: BTC, BCC, LTC, ETH & USD

Demo Account

Clients can create a demo account from the Coinexx website so that they can practice trading strategies before opening a real live trading account. This can also be a good way to get used to the trading platforms provided and see if the broker has suitable products and services to help you meet your financial goals.

Coinexx MAM/PAMM Account

Coinexx offer integrated MAM/PAMM accounts that allows fund manager to manage multiple accounts directly from trading application MT5. Trades can be executed to all sub-accounts from a single MT5 login. MAM/PAMM account has been structured with keeping flexibility, reliability and execution in mind, ensuring the manger receives a fast and consistent services.

The MAM/PAMM account makes it easy for manger to execute block trades across unlimited number of sub-accounts, with access to all key features including pure ECN spread, automated trading, account reporting and performance analysis.

  • Ability to manage funds without impacting trading performance
  • Attach or detach account in live markets
  • Attract clients by publishing your performance
  • Real time performance analysis

To start a MAM/PAMM account, manager needs to meet the following criteria:

  • A minimum of 4 clients with account equity in excess of $5,000
  • All sub-accounts need to submit the Power of Attorney form

It is important to note that there can be no guarantee on how good or bad the performance of a managed account will be. Historical results should not be seen as a reflection for future performance.

Coinexx Managed Forex Accounts
Coinexx Managed Forex Accounts

Swap Fees

Coinexx debits/credits swap fee when an investor keeps position open after 00:00 server time (GMT+3) according to whether position is long or short. Swap charges are calculated based on the interest rate differential between two currencies pairs, whether the trade is long or short. In any currency pair, interest is earned on purchased currency and paid to the currency sold. Coinexx debits or credits clients’ accounts for the positions held after 00.00 Server time. As markets are closed on Saturday and Sunday, if investors keep positions open on Friday after 23.59 GMT, banks calculate the swap for 3-days. An investor can directly see the swap charges in the instrument specification window of the trading platform

Swap charges are updated weekly basis by the major LPs and are calculated based upon interest rate differentials, market conditions and risk management analysis.

Coinexx Account Funding

Coinexx offers its clients an access to dedicated crypto wallets in various cryptocurrencies. Clients can make direct transfer to trading accounts from these wallets and can also make transfer to any external crypto wallets. The broker secures the crypto wallets and use multiple layers of security authentication for enhanced security.

Clients can maintain their accounts in both cryptocurrencies and fiat currencies. Deposits can only be made using any of the following cryptocurrencies: Bitcoin, Litecoin, Ethereum, True USD, Gemini USD, USDC, OmiseGo, Lisa, Siacoin, NEM, Monaco, Stratis, Dash, Dogecoin, Ether Classic, Neo, Blackcoin, NXT, Pot Coin and more.

All withdrawals are processed within stipulated timeframe, there Is no automated or API sending for withdrawals. Withdrawals are reviewed and processed manually to avoid any unauthorized activities. The minimum withdrawal amount is equivalent to 0.001BTC, and is usually processed within 48 hours of receiving the request. Coinexx allows clients to withdraw to any digital currency listed in the withdrawal options list. Client can deposit in one currency and can withdraw in any currency we support for withdrawal.

Coinexx Deposit & Withdrawal Options
Coinexx Deposit & Withdrawal Options

Coinexx Customer Service

The broker’s customer support team is always handy to answer clients’ questions through the instant web chat 24/7. There is also a form titled “send us message” on the contact us page, which, when filled by the client, is replied by the team via email within a day.

Coinexx Regulation

This brokerage is currently not regulated by any financial service regulator in any country. Whilst this may be a concern for some traders, others will understand that it means the broker can provide certain trading products and services that a regulated broker cannot.

Coinexx state that they do their best to protect your funds and account activities. Safety of client’s funds remains a top priority and they take all the necessary steps to safeguard client funds by keeping them in highly secured wallets. They use multi layers of security along with end to end encryption to ensure the safety of digital wallets.

Cold Storage Wallet

All the funds that the broker receives should be kept in the cold storage wallet. There is no internet linkage with the wallet, keeping it away from hackers. The private keys are never linked online and are secured in offline devices.

Manual Monitoring

All withdrawals are approved and processed manually after cross checking all the information. There is no automated or API based request sending, preventing it from any authorized activities.

Dual Authentications

They have added an additional layer of security in an effort to keep client’s fund safe and secure. While placing a withdrawal request, you will need to enter an authentication code from your mobile device.

End to End Encryption

All data transfer between user and Crypto solution is encrypted in all layers or system. The system encryption is structured to defeat any attempt of tampering, making it nearly impossible for third party to decipher.

Coinexx FAQ

What is the Coinexx minimum deposit?

Coinexx do not have a minimum deposit.

Where is Coinexx based?

Coinexx is based in St. Vincent and the Grenadines.

When was Coinexx founded?

Coinexx was founded in 2018.

What are the Coinexx platforms?

Coinexx provide the MT4/MT5 platforms for desktop, web and mobile devices.

What trading instruments do Coinexx have?

Coinexx offer CFD trading on forex, cryptos, commodities and stock indices.

What are the Coinexx deposit and withdrawal options?

Coinexx accept crypto accounting.

What is the Coinexx leverage?

The maximum Coinexx leverage is 1:500.

What is the Coinexx commission fee?

The Coinexx commission fee starts at just $2 per side.

What are the Coinexx spreads?

Coinexx have floating raw spreads starting from 0.0 pips.

Does Coinexx offer demo accounts?

Yes, you can open a free Coinexx demo account to practice trading online without any risk.

Does Coinexx offer Islamic accounts?

Unfortunately, they do not offer Islamic accounts at the moment.

Does Coinexx allow scalping, hedging, news trading and automated trading?

Yes, Coinexx do not have any restrictions on trading strategies.

Does Coinexx charge an inactivity fee?

No, Coinexx do not charge an inactivity fee.

Is Coinexx regulated?

No, Coinexx is not currently regulated.

Coinexx Review Summary

Coinexx is a crypto and forex broker that offers very competitive trading conditions that cater to various clients’ individual needs. They provide clients with the web, desktop, and mobile versions of the popular and easy to use MT4 and MT5 platforms for trading 80+ financial instruments. There is no minimum deposit required and free demo trading accounts are available.

Coinexx deliver access to deep liquidity and unparalleled execution speeds. This ensures tight spreads from 0.0 pips and reliable execution with minimal slippage, whilst the broker also has very low commission fees. Clients also get access to additional trading tools and the option of managed accounts.

You can open an Account with just your email address as no verification documents are required. Coinexx allow funding your account with Bitcoin, Litecoin, Dash, Ethereum and more, without any transfer fees charged. Trade the world’s most liquid markets with your preferred base currency and account type.

Coinexx completely understand how spreads can directly impact your trading strategies, the wider the spread is, the more your trading costs can be. With scalping systems that try to target just a few pips, a large spread can cause unnecessary losses. Coinexx have built up a strong institutional relationship with major LPs across the globe to offer deep liquidity and low latency connectivity.

They have variable spreads with fractional pip pricing till 5th decimal digit just like the interbank liquidity so that a trader can potentially benefit from an even small price fluctuation. These tight spreads are available for all clients, irrespective of the account balance and account type.

Coinexx constantly invest in their liquidity technology to make sure that you get reliable liquidity, irrespective of changing market conditions.

Coinexx

8.6

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

7.0/10

Features

  • Spreads from 0.0 Pips
  • Powerful trading platforms, including MT4/MT5
  • Multiple trading instruments across Forex, Indices, and Cryptos
  • Minimum 0.001BTC Deposit with no fees
  • No Trading Restrictions
  • Leverage up to 1:500
  • Instant Account Setup
  • No verification Required
  • MAM/PAMM Accounts
  • 24/7 client support