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Coinexx Broker Review
- Before you can withdraw your funds
- The minimum deposit fee is high
- Brokers do not offer demo accounts, only live ones.
Overview
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FAQ
Coinexx Broker Review – Coinexx.com Is a Broker Designed To Scam You
This time we will talk about Coinexx, one of the most famous investment companies. Since its founding, more than a thousand customers have been added to its books.
An impressive number of people claim that the broker is a scammer, despite most of the feedback from traders being positive.
Do you believe it? In our honest Coinexx review, we’ll find out.
Our updated scam broker reviews for TrustGarden, GMGroup, and LiquidityX can also be found here.
- Scam Broker Status: Unregulated
- Unlicensed company / no regulation
- Websites of scammers: coinexx.com
- Forex Trading Scam: Active
- This scam has been blacklisted by: CFTC / CONSOB.
- Owner of the broker: N/A
- Country of Headquarters: N/A
- Year of foundation: N/A
- Platforms: MT4 and MT5
- Trading on mobile devices is available.
- A minimum deposit of 0.001 BTC is required.
- Bonus available after a minimum deposit of $100
- Trading Crypto Assets: Bitcoin, Ethereum, and Dash
- You can trade CFDs: Yes, you can
- Trading instruments include Cryptos, Commodities, CFDs, Forex, and Indexes.
- Leverage maximum: 1:500
- There is no Islamic account available.
- Demo Account: Yes, it’s free
- U.S. traders are not accepted: U.S. traders are not accepted.
- The Verdict: Do Not Invest in This Scam Broker!
Is Coinexx Regulated? — Why Does It Matter?
A broker’s regulation is the first thing you should consider. Most reliable regulators aim to achieve the following:
- In the first place, they should identify violations, detect fraudsters, conduct their own investigations, bring them to justice, and send them to court;
- Auditing and monitoring the activities of financial institutions;
- Thirdly, organizations and clients must be protected from actions and manipulations that could harm them.
Brokers regulated by a trusted financial authority are strictly supervised, so misappropriation of your funds is extremely unlikely.
What’s Wrong With License? — Beware of Fraud
Researching broker regulation, we were surprised to find inconsistent information. The broker is allegedly a financial institution registered in the offshore area of St. Kitts and Nevis.
Our concerns have been confirmed by other sources, who state that the broker is neither licensed nor regulated. During our investigation, we found no traces of Coinexx’s relationships with trusted regulators such as BaFin, FCA, CySEC, CNMV, or Tier 1.
A few scammers to watch out for include InvestBY, M4Markets and Hackford Trade. I would appreciate it if you could tell me about your scam experience.
Warnings Against Coinexx Fraud
Some Coinexx’s services are available to U.S. citizens. It is known, however, that every online broker cooperating with American clients must obtain a license from FINRA or CFTC. A RED List has been established by the Commodity Futures Trading Commission (CFTC) for Coinexx.
Where Is the Coinexx Trading Scam Active?
Undoubtedly, an international brokerage organization can operate in any region of the globe. In recent years, sophisticated fraud schemes have become easier to perpetrate thanks to technological advancements. Despite this, most victims of broker fraud come from
Scammed By Coinexx Broker? – Talk To Our Recovery Experts
Finally, contact our experts and share your story if you cannot withdraw funds due to fabricated reasons. The cybersecurity department and experienced lawyers will assist you in collecting evidence for a chargeback.
Without a doubt, this is the fastest and most reliable method of returning stolen money. Leave your question via Online Chat to receive free assistance!
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FAQ Section:
Can I Trade Cryptocurrencies And CFDs With Coinexx Broker?
Yes, the company offers clients a variety of trading instruments, including CFDs and cryptos.
Does Coinexx Give a Deposit Bonus When Opening an Account?
Clients receive a bonus on their first deposit if it exceeds $100 or the equivalent in any other currency.
Is Coinexx a MetaTrader 4 Forex Broker?
As far as trading platforms are concerned, Coinexx only offers MT4 and MT5.
Does Coinexx Have a Mobile Trading App?
Traders can trade from their smartphones using Coinex’s official app since the company offers MetaTrader to its clients.