BrokersView
Search
Download
English
Sign In

COINEXX

Save

Operating status: SCAM

Website: https://coinexx.com/

Broker violations and abnormal records
  • 2021-06-14 BrokersView has reviewed that COINEXX is an unregulated forex broker
    COINEXX provides the minimum information about its company details and trading license, which is already a red flag for potential traders. According to the information presented on its MT5 software, this broker is operated by Coinexx Ltd, a UK-based company registered with Companies House. However, it doesn't mean the authorization of the Financial Conduct Authority (FCA), the regulator that approves licenses for the brokers in UK. The truth is, BrokersView didn't find any information about its regulation from FCA. So currently COINEXX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    COINEXX provides the minimum information about its company details and trading license, which is already a red flag for potential traders. According to the information presented on its MT5 software, this broker is operated by Coinexx Ltd, a UK-based company registered with Companies House. However, it doesn't mean the authorization of the Financial Conduct Authority (FCA), the regulator that approves licenses for the brokers in UK. The truth is, BrokersView didn't find any information about its regulation from FCA. So currently COINEXX is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2023-11-21 The UK FCA issued a Warning against Coinexx

    On 20 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Coinexx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/coinexx

    On 20 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Coinexx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/coinexx

Related Complaints

Q&A Complaints

3 comments

Nathan Keith
1 year later with Coinexx, I have never had any order placement issues due to reliable connectivity, and their transparent fee structure with competitive spreads, starting from 0.0 pips, ensures cost-effective trading.
2024-03-26
Reply
Henry Douglas
Whenever I open an account with a broker, I typically start with the minimum deposit and then rigorously test it for slippage and execution issues. I examined the spreads on various forex pairs and Coinexx passed all the tests with flying colors. Test this broker out with a small deposit and hopefully you won't regret
2024-03-21
Reply
Raul
Coinexx offers bonus deposits on top of your initial deposit, which helps you get a larger margin. As a result, I was forced to stop losing $1,400 on my trade and within minutes, it had gone up to where I knew I would make a good profit. I don't know why they suddenly removed the margins, but I didn't notice until it was too late. I just want things to work as usual and as expected. I can't handle the changes that happen in the course of the transaction. It's ridiculous.
2023-06-02
Reply
Rate and Review

Your review