Our Coinexx Review
Coinexx operates as an online forex and CFD broker. The platform was launched in 2018. A unique aspect of the platform is that all transactions on the platform take place in crypto. Coinexx has its headquarters in Kingstown, St. Vincent, and the Grenadines.
Coinexx Account Types
Traders using Connex have access to one live account type, which is the Pro ECN account. The account can be used for EA trading, news trading, and scalping. Coinexx also allows traders to create a demo account, which they can use to test the platformβs features.
On Coinexx users get access to a Pro ECN account. With the account, users can access leverage of up to 1:500 and a minimum lot size of 0.01. The minimum deposit amount to open the account is 0.001BTC. With the account, users get access to the MT4 and MT5 trading platforms.
Tradable Assets
Besides crypto, traders using Coinexx have access to forex pairs, CFDs, Gold and Silver, metals, energies, and oil. All asset classes except crypto come with a maximum leverage of 1:500, crypto trading comes with a maximum leverage of 1:50.
Withdrawals and Deposits
All deposits and withdrawals are made in crypto. The minimum deposit amount is 0.001 BTC. Users can make deposits in Bitcoin, Ethereum, Dash, Litecoin, and 25 other coins. The platform does not charge any deposit fee.
Trading Platforms
Coinexx offers access to the MT4 and MT5 trading platforms. Both of these platforms can be accessed through WebTrader via any modern web browser. They can also be accessed as a mobile app for iOS and Android devices. The MT4 and MT5 platforms are some of the most popular trading platforms in the world. Traders get access to features such as one-click trading, multi-chart setups, multilingual support, multiple order windows, and automated trading using expert advisors (EAs).
Trading Tools
Users of Coinexx have access to several tools such as:
- MAMM/PAMM Accounts
For those using the MT5 platform, they will have access to manage accounts, which are integrated into the MT5 platform. The MAMM/PAMM software is quite reliable and offers traders access to full reporting tools, marketing tools, and performance analysis. To use this tool, traders need at least 4 sub-accounts and a minimum equity of $5000.
- Economic Calendar
The Economic Calendar can be accessed via the MT5 platform. It is an important tool for fundamental analysis. The tool lets traders analyze times and dates when crucial events will occur with a forecast by analysts on the economic impact of these events.
- Forex Calculators
Users have access to several fx calculators that help them get exact estimates of the trading costs. The calculators include the Pip Calculator, PNL Calculator, Currency Converter, Commission Calculator, and Margin Calculator.
- Virtual Private Server (VPS)
For traders using complex trading systems such as EA traders, access to a VPS is crucial to making timely and profitable trades.
Customer Support
Customer support is offered via email and live chat 24/7.
Summary
Coinexx is a great online broker, especially for crypto enthusiasts looking for a convenient platform that allows them to transact in crypto. The platform is easy to use and offers newbies a demo account to help them acclimatize to the platformβs features. There are numerous features designed with newbies and experienced traders in mind.
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