BitMEX vs Coinexx

BitMEX vs Coinexx Comparison Table 2023
BitMEX Review 2023	Coinexx Review 2023
Review 3.2	Review 2.5 Coinexx is #8 in our CFD broker rankings.
Traders from US not accepted See available crypto brokers	Traders from US accepted
BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.	Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.
Bonus Offer
Fee reduction for BMEX token holders	100% Deposit Welcome Bonus
Comment by Reviewer
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."	"Traders seeking highly leveraged CFDs with a broker that uses crypto as a base account currency will find a good match in Coinexx. The ECN model also offer tight spreads from 0 pips. On the downside, traders should note the weak regulatory oversight."
Pros
Great customizability using widgets within the platform, making it easier to see exactly what you want A platform solely designed for crypto makes it more streamlined than multi-asset terminals Access to a considerable amount of information directly from BitMEX, freely available on their site The opportunity to talk to investors from all over the world using the inbuilt chat functionality High levels of security, ensuring that trading on the exchange is relatively secure 24/7 A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin Earn interest on HODL-ing tokens – Tether and Bitcoin Highly leveraged crypto trading with rates up to 1:100 Insurance fund to avoid liquidation plus python API	ECN execution model with tight spreads from 0 pips Demo account available to prospective traders Full range of investments including cryptos MetaTrader 4 and MetaTrader 5 integration 100% deposit bonus for new clients Very high leverage up to 1:500 Free VPS for active traders
Cons
BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies The interface is not as new, stylish or innovative as other options on the market Withdrawals are only carried out at a set time of day Legal dispute with US regulators resulted in fines Only Bitcoin is accepted for free withdrawals Range of crypto assets not as wide as rivals'	No fiat account funding options - crypto only Limited educational materials for new traders No copy trading service for aspiring investors No regulatory oversight reduces safety
Instruments
Crypto	Forex, Commodities, Indices, Cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0.01	0.001 BTC
Trading Platforms
AlgoTrader TradingView	MT4 MT5
Payment Methods
Bitcoin Payments Ethereum Payments	Bitcoin Payments Ethereum Payments
Minimum Trade
Variable	0.01 Lots
Regulator
Republic of Seychelles
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
Yes	No
P2P Trading
Yes	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
BitMEX Market Maker, BotVS, and via API	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
Yes	No
Trade Signals
	MetaTrader
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
	USD
Stock Exchanges
	DAX GER 40 Index Dow Jones FTSE UK Index Hong Kong Stock Exchange S&P 500
Commodities
	Gold Natural Gas Oil Silver
CFD Trading
CFD trading not offered	Trade flexible CFDs on forex, commodities, indices and cryptos with tight spreads, fast execution, micro-lot trading and leverage up to 1:500. There are also no restrictions on day trading strategies.
Leverage
	1:500
FTSE Spread
	From 0.0 pips
GBPUSD Spread
	From 0.0 pips
Oil Spread
	From 0.0 pips
Stocks Spread
	NA
Forex Trading
Forex trading not offered	Trade 70 major, minor and exotic forex pairs with ultra-low ECN spreads and fast execution via the MT4 or MT5 platforms. There are also zero SL/TP limits and automated forex trading is well catered for.
GBPUSD Spread
	From 0.0 pips
EURUSD Spread
	From 0.0 pips
EURGBP Spread
	From 0.0 pips
Assets
	60+
Cryptocurrency
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.	Trade CFDs on BTC, ETH, LTC and XRP with 1:5 leverage, market execution and 0.01 micro lot trading. However, we weren't impressed with the narrow choice of cryptos with no emerging, smaller-cap tokens available.
Spread
-0.01% maker, 0.075% taker	From 0.0 pips
Coins
BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
Yes	No

Review	Review
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