Coinexx is a forex and CFD broker, launched in 2018, and it uses cryptocurrencies for all the transactions. Coinexx review shows that the broker is based in Kingstown in St. Vincent and the Grenadines.
With Coinexx, you can manage accounts as well as many other useful tools to assist the clients. It does not offer individual stock trading or bank account and card funding.
Coinexx is not regulated with any financial service regulator, and most of the professionals avoid trading with a broker that is not regulated or licensed. It is because they cannot provide safety to the investors as a regulated broker can provide.
The Pro ECN account is only a live trading account available with this broker. According to the Coinexx review, you can use this account for scalping, news trading, and usage of trading systems such as Expert Advisors (EAs).
From the website’s section of clients, you can make a demo account. Apart from that, MT4 and MT5 trading platforms are also available. For demo trading, clients can pick leverage and the amount of virtual currency of their choice.
With Coinexx, you can avail both MT4 and MT5 trading platforms, and it is a good point for any broker because clients can choose any platform according to their needs.
MT4 is the ideal platform for traders as it is enriched with plenty of features, such as:
- Several in-built Tools and indicators
- Multiple Charts set up
- Via EAs manual or automated trading
- Advanced charting or analytical tools
- Place SL & TP without restrictions
- One-Click trading
- MQL5 Community
In-app format iOS and Android, the MT4 is provided and can be accessed straight from your browser with WebTrader.
Other than that, MT5 is also flooded with many features, such as:
- One-Click trading
- Limited Order Filling
- Flexible & quick trading platform
- Trading from Charts
- Multiple Charts Setup
- Multilingual Support
- Multiple Analysis Tools
- Multiple Order Windows
- Freelance database of strategy developers
- Automated trading with Expert Advisors (EAs)
Similar to MT4, MT5 also offers in app format for iOS and Android systems. You can trade it within any web browser by using WebTrader.
Here are a few tools available in Coinexx:
Directly integrated into the MT5 trading platform, Coinexx provides manager accounts. A manager can register new clients as well as trade on their behalf. In bulk, you can trade with infinite accounts from the master account of the manager. The manager is free to use any sort of strategy, including EAs.
Furthermore, the MAMM/PAMM software is reliable and stretchy with the availability of performance analysis, full reporting tools, and marketing tools. Multiple allocation trade types are also featured, in which the manager sets according to the capital or contribution of the trader. At least 4 sub-accounts are needed together with the equity of minimal $5,000 to start.
The owners of sub accounts have to submit the power of attorney forms. It must be highlighted that there is no guarantee at all, on how to manage accounts for the performance and historical results.
In the MT5 trading platform, you can avail this tool that is used in fundamental analysis to evaluate dates and times when crucial global economic events happen together with the forecast of analysts on the impact of these events.
Coinexx offers several calculators for the clients so that they can have exact estimations of trading costs. Here are a few calculators available with Coinexx:
Forex calculator, Pip Calculator, Margin Calculator, PNL calculator, Currency converter, Swap calculator, and Commission calculator
Virtual Private Server (VPS)
Clients' workstations get remotely connected with an influential server located near the trading server of a broker. By this, you can make sure 24/7 connectivity without interruptions together with low latency and good trade execution speeds.
News traders, EA users, and other traders who use complicated trading systems can get benefit from a VPS. Once it is all set, the EA or trading system runs from the VPS, and the trader may not need to worry as much about potential internet disturbances, hardware failure, and power supply.
Coinexx review concludes it as an unregulated forex and CFD broker where you can deposit through cryptocurrency. Your account might be in Bitcoin, USD, or Ether with this broker. So, this broker is no longer safe to trade with. And you should avoid trading with any unregulated broker.