Coinexx Review
Founded in 2017, Coinexx is a distinct ECN broker that stands out for its exclusive use of cryptocurrencies for deposits and withdrawals, catering especially to traders in the U.S. With a low commission of $2 per lot per side and competitive spreads, it offers an efficient trading environment.
A distinct ECN broker that was founded in 2017, Coinexx stands out for its exclusive use of Crypto Currencies for deposits and withdrawals. With very competitive spreads and a low commission of $2 per lot per side, it offers an attractive trading environment.
Coinexx has simplified its offering with a single account type that allows traders to access Forex, indices, commodities, and cryptocurrencies through the MT4 and MT5 platforms. As an added bonus, they also offer traders a free VPS service to host their EA’s on, further enhancing their fast execution.
Coinexx was formed with the ambition to eliminate common financial market issues such as transaction delays and high fees by leveraging the speed and security of cryptocurrencies.
Its limited regulatory oversight (it is un-regulated) allows Coinexx to accept US traders, which is a plus, however traders should always be diligent in a low regulatory environment. Overall, Coinexx is an innovative choice for traders who prioritize the efficiency of a cryptocurrency-driven trading platform.
Typical Spread on Majors
EUR/USD | 0.2 |
GBP/USD | 0.7 |
USD/JPY | 0.4 |
- Company Info
Headquarters | The Valley, Anguilla |
Type of Broker | ECN/STP |
Founded | 2017 |
Regulated By | Regulated By Not Regulated |
Offices In | Anguilla, Dubai |
Supported Languages | English |
ESMA Regulation ? | This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
Account Currencies | BTC, BCC, LTC, ETH, USD |
Minimum Deposit | $5 |
Traders from USA Allowed | Yes |
Clients Funds Segregated | Yes |
Interest on Margin | No |
Islamic Accounts | No |
ECN / STP Accounts Offered | Yes |
Commission on STP or ECN | $2 / Lot per side |
VIP Accounts Offered | No |
Mini Accounts Offered | No |
PAMM / MAM Solutions | Yes |
API Solutions | Yes |
Mobile Trading | Yes |
Web Based Trading | No |
Funding Methods | Bitcoin, Etereum, Dash, Litecoin, + 25 other Cryptos |
Withdrawal Methods | Bitcoin, Etereum, Dash, Litecoin, + 25 other Cryptos |
- Platform Details
Platforms Offered | MetaTrader 4, MetaTrader 4 iOS, MetaTrader 4 Android, MetaTrader 5, MetaTrader 5 iOS, MetaTrader 5 Android, WebTrader |
NO of Pairs | 70 |
Cryptocurrency Trading | Yes |
Pricing Digits | 5 |
Trade off Charts | Yes |
One-click Execution | Yes |
Email Alerts | Yes |
Mobile Alerts | Yes |
Trading Server Time | GMT + 3 |
Demo Account Expiry | Non-Expiring |
VPS Offered | Yes |
- Trading Details
Dealing Desk | No |
Maximum Leverage | 500:1 |
Minimum Contract Size | 0.01 |
Execution | Market Excecution |
Hedging | Yes |
Scalping | Yes |
Option of OCO | No |
Option of FIFO | No |
Negative Balance Protection | Yes |
- Additonal Instruments
CFD's | Yes |
Metals | Yes |
Oil | Yes |
Indices | Yes |
Coinexx Reviews
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