Coinexx Review 2024

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Written By
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Written By
Tobias Robinson
Tobias is a partner at, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

2.5 / 5
Coinexx is #11 in our CFD broker rankings.
0.001 BTC
MT4, MT5
Forex, Commodities, Indices, Cryptocurrencies
Bitcoin Payments, Ethereum Payments


  • Demo account available to prospective traders
  • Full range of investments including cryptos
  • ECN execution model with tight spreads from 0 pips


  • Limited educational materials for new traders
  • No copy trading service for aspiring investors
  • No fiat account funding options - crypto only

Coinexx Review

Coinexx is a cryptocurrency-driven online broker. The ECN brokerage offers instant deposits, lightning-fast executions, and 80+ instruments. This review will cover how to sign up for a live trading account, minimum deposit requirements, MetaTrader 4 (MT4) platform features, withdrawal fees, and more. Find out what our experts thought of Coinexx.

Company Details

Coinexx is a multi-asset brokerage offering low-cost trading with crypto deposits and withdrawals. As a true ECN broker, Coinexx offers direct access to the market, with no dealing desk intermediary and tight spreads.

Founded in 2017, Coinexx has seen steady growth, with over 5000 live accounts opened in recent years.

The broker has a head office location in Seychelles and is currently unregulated.

Trading Platforms

After signing up with Coinexx, traders can use the features of MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The platforms can be used directly through all major web browsers or downloaded to desktop devices.

Owned by MetaQuotes, the brand is well-established, offering stable and intuitive interfaces. As well as fast trade executions, the platforms offer a range of analysis tools and technical features to support decision-making.

Together with the broker’s competitive pricing and no dealing-desk interventions, the platforms are ideal for both experienced and beginners.

MetaTrader 4

Coinexx MT4 trading platform
MetaTrader 4

MetaTrader 5

How To Trade

  1. Double-click on the instrument name in the Market Watch window – an order window will appear
  2. Set your trade as ‘market execution’ or a ‘pending order’
  3. Input the transaction volume (in lots) and the stop-loss/take-profit volume if required
  4. Choose the direction of the trade by choosing ‘buy’ or ‘sell’
  5. You can modify a position by right-clicking on the open order and selecting ‘modify’
  6. To close a position, right-click on the order line on the chart and select ‘close’

Assets & Markets

Coinexx offers 80+ instruments:

The MetaTrader platforms support all trading styles including scalping, hedging, and automated strategies.

Spreads & Fees

Coinexx offers deep liquidity and low latency connectivity with top-tier providers. This means day traders can access tight spreads.

We were offered spreads of 0.0001 pips on the EUR/USD currency pair and 0.005 on the USD/JPY. Additionally, the FTSE 100 was offered at 0.9 points and the US 30 at 2.0 points.

Coinexx trading spreads

There is also a low commission fee of $2 per lot, which is competitive vs Hugosway with a $5 commission per lot.

Swap fees apply for positions held after midnight (GMT +3). There is a helpful swap charge calculator available on the broker’s website, which takes into consideration the latest market conditions and interest rates of the liquidity providers.

There are no inactivity charges or account management costs.

All retail investors can access a margin calculator, pip calculator, and forex calculator to support trading decisions.

Coinexx Leverage

Coinexx offers high leverage up to 1:500. This means for every $1 deposited, day traders can access $500 in purchasing power using borrowed funds from the broker.

We recommend using risk management parameters if trading with high leverage. Losses can quickly build up.

Mobile App Review

Coinexx does not currently have a proprietary mobile app. Instead, the broker offers mobile trading via the MT4 and MT5 applications, which are compatible with iOS and Android phones and tablets.

Retail investors can login to their brokerage profile directly through the respective app. Clients can access full trading history and use the full suite of interactive graphs and analysis tools. Additionally, the app provides live market news and traders can set price notifications and alerts.

There is also an in-built live chat function for queries and questions.

Payment Methods


Coinexx accepts digital currency deposits via 25 popular cryptos and altcoins. These include Bitcoin, Dash, Ethereum, and Litecoin. Unfortunately, fiat payments are not accepted.

Investors can transfer funds from an external digital wallet or hold cryptocurrency in the broker’s cold storage wallet.

There is a minimum deposit requirement of 0.001 Bitcoin or equivalent which is the same as the Coinex exchange.

Coinexx does not charge any deposit or withdrawal fees.

How To Deposit To A Live Trading Account

  1. Log in to the Coinexx client portal
  2. Select ‘Deposit’ from the menu along the top
  3. Add your live trading ID. Account details including account currency and latest balance will auto-populate
  4. Select the deposit currency from the drop-down menu and enter the value
  5. Select ‘Proceed’
  6. The funds will be processed and deposited to your trading account (timings are blockchain confirmation dependent)


The broker processes withdrawals within 48 hours of a request, though the time taken for funds to clear will vary depending on blockchain confirmation requirements. Withdrawals are processed in the same digital currency used to fund an account.

The minimum withdrawal requirement is 0.001 BTC or equivalent. There is no maximum limit. Retail traders can withdraw their total account value as long as it is more than the margin requirement.

Note, Coinexx does not offer refunds for incorrect payment requests or wallet errors.

Demo Account

Coinexx traders can access a demo account on the MT4 and MT5 platforms. Individuals can choose from leverage up to 1:500 with several virtual currencies to execute trades.

Registration is easy. Once signed up with the broker, click on ‘Demo Account’ from the menu within the client dashboard. Then simply choose MetaTrader 4 or MetaTrader 5.

Coinexx demo platform

Bonuses & Promotions

Coinexx offers a 100% deposit bonus for all new retail investors.

The financial incentive is available to new users making a payment of at least $100 with leverage up to 1:200 available.

Regulation & Licensing

Coinexx Ltd operates as an unregulated entity.

With limited oversight, the broker can provide competitive trading conditions, including higher leverage than those with authorization from the UK Financial Conduct Authority (FCA) or the Cyprus Securities and Investments Commission (CySEC), for example.

Having said that, there may not be any access to compensation schemes in the case of business insolvency, though negative balance protection is provided.

Additional Features


Coinexx offers a Virtual Private Server (VPS) to all clients. Day traders can connect to the VPS to improve latency and benefit from uninterrupted connectivity. A stable internet connection is the only requirement to benefit from fast execution speeds.

The VPS is available for no fee to investors with at least $5000 or equivalent held in a live trading account. VPS connection is available for $25 per month for individuals that don’t meet the minimum account requirements.

Education & Tools

The broker does not offer any educational materials or content which is disappointing, particularly for beginners.

However, there are plenty of online calculators to support performance forecasts, including a swap fee calculator, P&L calculator, and margin calculator. These can be accessed directly through the Coinexx website.

Account Types

There is just one live trading account; Pro ECN.

Day traders can access tight spreads, low commissions, and interbank pricing from tier-1 banks and liquidity providers. Other features include:

How To Open An Account

  1. Click on the ‘Open An Account’ logo on the broker’s homepage or use the ‘Visit’ button above
  2. Sign up using an email address
  3. Fund your account using cryptocurrency or USD
  4. Start trading

Coinexx does not require any identity verification information for KYC/AML checks. This means investors can trade anonymously.

Trading Hours

Trading hours vary by instrument:

The Coinexx platforms work on a GMT+3 server time.

Customer Service

Coinexx offers 24/7 customer support. Contact methods include live chat (bottom right of each webpage and within the client portal), email (, and an online contact form (via the ‘Contact Us’ webpage). There is no customer service phone number available.

The broker is also present on social media including Facebook and Twitter. Stay up to date with the latest company news and announcements.

There is no FAQ section covering common queries such as how to close trades on Coinexx, how to deposit and withdraw money into and from a Coinexx account, and how to use the MetaTrader platform.

Security & Safety

Coinexx encrypts all data transfers between users, crypto wallets and trading platforms. Funds are held in cold storage wallets with private keys stored offline.

Additionally, all withdrawal requests require an authentication code which is sent directly from a linked mobile device. These transactions are processed manually with no API or automated transfers available.

Coinexx Verdict

Coinexx offers competitive pricing, ECN execution, generous leverage, and a choice of MT4 and MT5 trading platforms. The relatively new broker has also mastered the cryptocurrency funding concept, offering day traders a choice of digital currencies for fast and convenient deposits. And while the limited instrument list and lack of educational resources may be off-putting, it certainly shouldn’t be a deal breaker.


Is Coinexx Regulated?

No, Coinexx is as an unregulated trading brokerage.

Does Coinexx Accept US Clients?

Yes, Coinexx accepts clients globally, including from the US.

Is Coinexx A Good Broker?

Coinexx is a legitimate broker offering retail trading services. Although we recommend trading with caution if choosing an unregulated broker, we are confident that Coinexx is not a scam.

Is Coinexx An ECN Broker?

Coinexx is an ECN broker that offers direct market access to liquidity providers. With this, day traders benefit from raw, tight spreads, competitive commission fees, and real-time price quotes.

What Cryptocurrencies Does Coinexx Accept For Live Account Deposits?

Coinexx accepts 25 popular cryptos and altcoins for account funding. These include Bitcoin, Ethereum, and Litecoin.

Top 3 Alternatives to Coinexx

Compare Coinexx with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

  3. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

Coinexx Comparison Table

Compare Coinexx With Similar Brokers
Coinexx IG World Forex Interactive Brokers
Rating 2.5 4.4 4 4.3
Markets Forex, Commodities, Indices, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Demo Account Yes Yes Yes Yes
Minimum Deposit 0.001 BTC $0 $1 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots $100
Bonus 100% Deposit Welcome Bonus 100% Deposit Bonus
Education No Yes No Yes
Platforms MT4, MT5 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral MT4, MT5 Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:1000 1:50
Payment Methods 2 6 10 6
Visit Visit Visit Visit Visit
Review IG
World Forex
Interactive Brokers

Compare Trading Instruments

Compare the markets and instruments offered by Coinexx and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Coinexx Trading Instruments
Coinexx IG World Forex Interactive Brokers
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes No
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes No
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes No Yes
Options No Yes No Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No Yes
Spreadbetting No Yes No No
Volatility Index No Yes No No

Coinexx vs Other Brokers

Compare Coinexx with any other broker by selecting the other broker below.


Customer Reviews

  5 / 5

This average customer rating is based on 1 Coinexx customer reviews submitted by our visitors.

If you have traded with Coinexx we would really like to know about your experience - please submit your own review. Thank you.


Been using Coinexx for almost an year now. The best thing about this broker is that their withdrawals are super quick. I never have to follow up with them for my withdrawals.

✍ Kevin Parker | 🌐 USA | July 11, 2024

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