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.

    Regulation

    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.

    Account Types

    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.

    Trading Platforms

    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.

    Trading Tools

    Here are a few tools available in Coinexx:

    MAMM/PAMM Accounts

    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.

    Economic Calendar

    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.

    Forex Calculators

    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.

    Summing Up

    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.

    * Disclaimer: Highway Media Group will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

    Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks.

    Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite.

    Highway Media Group would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

    Therefore, Highway Media Group doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Highway Media Group may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.