Coinexx Overall rating

	Rating	Weight
User Rating	4.0 (5 reviews)	3
Popularity	3.3	3
Regulation	0.0	2
Pricing rating	Not rated	1
Features	Not rated	1
Customer Support	Not rated	1

We tested Coinexx using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

Coinexx is a broker that was founded in 2014, making it relatively established in the market. However, it is not regulated by any major financial authority, which may raise concerns for some traders.

The broker is based in Comoros and operates as a non-regulated entity. This means there is no segregated client money or deposit compensation scheme in place, though it does offer negative balance protection and a high maximum leverage of 500:1.

In terms of user feedback, Coinexx has a total of 3 user reviews with an average rating of 3.3 out of 5. Notably, none of these reviews are from users with verified real trading accounts.

Coinexx ranks 63 out of 815 forex brokers based on user ratings and 239 based on expert ratings. The broker has a popularity rating of 3.3 out of 5, receives 53,299 organic monthly visits according to similarweb.com, and ranks 180 out of 815 forex brokers for organic traffic.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
Coinexx Ltd Comoros						500 : 1

Deposit Insurance

Coinexx does not offer any investor compensation or deposit insurance schemes. This is due to its regulatory status as a non-regulated entity based in Comoros.

In the event of the broker’s failure, clients are not protected by any compensation scheme, which is a significant consideration for potential investors. Traders should be aware of this risk and consider it when deciding to open an account with Coinexx.

Spreads and Costs

Coinexx offers competitive average spreads in Forex and commodities compared to other brokers. The broker's Forex average spread is 1.21, which is relatively low.

In contrast, its crypto average spread is higher at 14.69. When compared to some market-leading brokers, Coinexx’s spreads and costs are generally in line or better for certain asset classes.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap fees are the costs or earnings associated with holding a trading position overnight. Positive swap rates result in earnings, while negative swap rates incur costs.

Coinexx does not provide specific swap rate data, but comparing with industry-leading brokers, it can be inferred that its swap rates may vary. Here is a comparison of swap rates with other brokers.

Does Coinexx Offer Islamic/Swap-free Accounts?

Islamic trading accounts, also known as swap-free accounts, are designed for traders who cannot receive or pay interest due to their religious beliefs. These accounts do not incur swap or rollover interest on overnight positions.

As of our review, Coinexx does offer swap-free accounts, allowing traders to comply with Sharia law. However, the specifics of how these accounts operate and any potential additional fees should be verified directly on the Coinexx website.

Other Fees

Besides spreads and swap rates, Coinexx may charge additional fees. Here are some potential fees that traders should be aware of:

Comparison to other Brokers

When comparing Coinexx to other industry-leading brokers such as IC Markets, FBS, Vantage Markets, Admirals, RoboForex, and Forex.com, several differences stand out. Coinexx offers high maximum leverage of 500:1, which is significantly higher than many of its competitors.

However, Coinexx is not regulated by any major financial authority, unlike brokers such as IC Markets and Admirals, which are known for their stringent regulatory compliance.

Coinexx's average spreads for Forex and commodities are competitive, often lower than those of FBS and Forex.com, but its crypto spreads are relatively high.

The broker's lack of an investor compensation scheme and segregated client money may be a concern for some traders, especially when compared to the robust regulatory protections offered by brokers like IC Markets and Admirals.

User reviews for Coinexx are limited, with only three reviews and none from verified real trading accounts, resulting in a moderate rating.

In contrast, other brokers like IC Markets and Vantage Markets have extensive user reviews and higher overall ratings. Coinexx's web traffic and popularity are moderate, indicating a smaller user base compared to leading brokers.

Trading Platforms - Mobile, Desktop, Automated

Coinexx offers three main trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ActTrader. Each platform is available on desktop, mobile, and web, providing flexibility for traders.

MT4 and MT5 are renowned for their advanced charting tools, extensive technical analysis capabilities, and support for automated trading through the MQL programming languages (MQL4 for MT4 and MQL5 for MT5).

ActTrader also supports automated trading through ActFX, though it is less commonly used compared to MetaTrader.

Both MT4 and MT5 offer robust features for traders, including customizable charts, a wide range of indicators, and the ability to run automated trading strategies or Expert Advisors (EAs).

ActTrader provides similar functionalities, with a user-friendly interface and powerful trading tools. Overall, Coinexx’s platform offerings are strong, catering to a variety of trading styles and preferences.

What Can you Trade?

Coinexx offers a range of tradable instruments, primarily focusing on CFDs (Contracts for Difference). These include 60 Forex pairs, 4 cryptocurrencies, 8 stock indices, and 7 commodities.

While the variety in Forex is substantial, the offerings in cryptocurrencies and other asset classes are somewhat limited compared to some market-leading brokers.

CFDs are financial derivatives that allow traders to speculate on the price movements of an asset without owning the underlying asset. This means that traders can take advantage of both rising and falling markets.

However, trading CFDs also involves leverage, which can amplify both gains and losses. It is crucial for traders to understand the risks associated with leverage and to use it judiciously.

For more detailed information on the instruments available for trading, visit Coinexx’s website.

Available Leverage

Coinexx offers leverage up to 500:1 for retail clients, which is significantly higher than what is available from many other brokers. This high leverage can be advantageous for traders looking to maximize their trading capital, but it also increases the risk of significant losses.

Traders should carefully consider their risk tolerance and trading strategy when using high leverage. The specific leverage available may vary depending on the asset class and the regulatory entity through which the account is opened.

Prohibited Countries

Coinexx does not accept clients from certain countries. Based on the most recent information, some of the prohibited countries include the United States, Canada, and several others.

Traders from these regions are unable to open accounts with Coinexx. For a complete list of restricted countries, it is recommended to check directly with Coinexx’s official website or customer support.

Coinexx Account types

	Pro ECN
Maximum leverage	500:1
Mobile Platform	MT4 Mobile, MT5 Mobile
Trading platform	MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	5
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

	Pro ECN
Maximum leverage	500:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	5
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

Coinexx Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

Coinexx Profile

Negative balance protection

Bonuses

Variable spread