Coinexx Review

Coinexx promises to address the biggest headaches in online trading, such as high costs, weak technology, and slow customer support. But does it really live up to those claims? In this Coinexx review, we’ll take a closer look at its pricing, tools, security, and overall experience.

Launched in 2017, Coinexx is an offshore CFD broker focused on crypto-based trading. It offers multiple markets and high leverage. However, unlike Binance, Kraken, or Bybit, it operates without regulation. Now, let’s see if it’s worth your attention.

Coinexx Review: Quick Overview

So, what is Coinexx? In simple terms, it is a Contract for Difference (CFD) broker that focuses on crypto-based trading. Unlike traditional cryptocurrency exchanges, it gives you access to trade forex, indices, and commodities.

Now, here’s a quick overview of Coinexx and what it offers:

Table: A quick overview of Coinexx

The biggest thing to highlight is that Coinexx is not regulated, so it is really for traders who are comfortable with higher risk. In the next sections, I will walk you through everything you need to know before deciding if it’s the right platform for you.

📚 Read More: Cryptocurrency Security Guide

Coinexx Alternatives

Coinexx has a few strong points. It offers tight spreads through ECN pricing, crypto-only deposits, and the ability to trade multiple markets like forex, indices, and commodities in one place.

However, there are some important downsides to consider, and it starts with a big question: Is Coinexx safe? Unfortunately, the answer is no. Coinexx operates without regulatory oversight, which means there’s no investor protection and no legal safety net if something goes wrong.

Another limitation is that all trading on Coinexx happens through CFDs. That means you’re only speculating on price movements rather than owning real crypto. Plus, CFDs often involve leveraged trading, which can increase potential profits but also amplify losses.

If your goal is to actually own crypto, use DeFi features, and trade on platforms with stronger security and compliance, here are much better options:

• Binance. One of the most widely used exchanges with 500+ cryptocurrencies, spot and futures trading, staking, and earning options.
• Kraken. With over 400 supported cryptocurrencies, fiat trading options, and an intuitive Simple/Pro account system, it offers flexibility for all experience levels.
• Bybit. A feature-rich platform with a large selection of crypto assets, strong derivatives tools, and extra products like copy trading and earning programs.

Here’s a quick look at three strong alternatives to Coinexx and what they bring to the table.

	KRAKEN	BINANCE	BYBIT
Overall Score	9.8	8.0	8.0
Best For	Beginners	Advanced Users & Beginners	More Advanced Users
Operating Countries	United States, Germany, United Kingdom, France, Canada, + 190 more	Turkey, Argentina, Vietnam, Ukraine, + 180 more	South Korea, United Kingdom, Ukraine, Turkey, +160 more
Latest Coupons	Visit Site All Kraken Coupons	See All Coupons of Best Exchanges	See All Coupons of Best Exchanges
Verdict	One of the best crypto exchanges, especially in the US.	One of the leading crypto exchange platforms in the industry.	A popular crypto derivatives exchange with some super-low trading fees.
Supported in United States	Supported ✅	Not Supported ❌	Not Supported ❌
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Comparing Binance, Kraken, and Bybit

Each of these platforms offers real crypto ownership, better security, and extra features that make them a solid choice if you want more than CFD trading.

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Who’s Coinexx For?

When reviewing Coinexx, I wanted to figure out who would actually benefit from this platform. One way to do that was by looking at its standout features like ECN pricing, crypto-only funding, and its very high leverage of up to 500x.

Its lack of regulation, on the other hand, makes it clear this isn’t a one-size-fits-all solution. It’s a platform for traders who are comfortable with higher risk and value flexibility over strict compliance.

To help pin it down, here’s who Coinexx works best for:

• Crypto-funded traders. If you prefer deposits and withdrawals in cryptocurrency without banking delays, Coinexx offers a straightforward setup.
• High-leverage traders. With leverage up to 500x, it caters to those who want to trade aggressively, though the risk is significantly higher.
• Multi-market speculators. You can trade forex, indices, commodities, and crypto all from a single account, making it convenient for diversification.
• Traders who want fewer sign-up hurdles. Coinexx does not require full KYC for smaller accounts, which makes onboarding quick and relatively private.

In short, Coinexx is best for traders who prioritize flexibility and speed over regulation and added security measures. If those trade-offs seem too risky, a regulated exchange might be your best bet.

Advantages

Coinexx is unregulated, and that’s important to keep in mind. Still, if you’re curious about what it offers, there are a few features worth noting. Here are the advantages I picked for this Coinexx review:

• Tight spreads with ECN pricing;
• Crypto-only funding;
• Multi-asset access from one account;
• Extra perks, such as trading calculators and a free VPS for qualifying accounts.

Next, let’s break these down one at a time.

Starting with tight spreads and ECN pricing, Coinexx uses an ECN model that gives traders access to raw spreads starting from 0.0 pips. Instead of adding hidden markups, Coinexx charges a $2 per lot commission, which can make pricing more transparent for active traders.

Next, Coinexx’s crypto-only funding means that all deposits and withdrawals are made in cryptocurrencies, such as BTC, ETH, and USDT. This eliminates banking delays and works well for traders who prefer everything to be on-chain. However, it might not be ideal if you need fiat-to-crypto exchanges.

Then there’s multi-asset access, allowing you to trade cryptocurrencies, forex, indices, and commodities without switching platforms. For traders who like to diversify, this is a convenient setup.

Finally, Coinexx adds extra perks for active traders. The platform offers trading calculators for quick pip, margin, and profit/loss calculations. It also offers free VPS hosting for accounts that deposit over $5000.

In short, Coinexx brings together popular trading tools, zero-spread pricing, and a mix of markets, making it a decent fit for traders who want flexibility and prefer crypto-based funding.

Limitations

While Coinexx offers some attractive features, it also raises a few concerns that potential traders should consider carefully. Here’s where the platform falls short:

• Unregulated;
• Basic security features;
• CFD-only model;
• High leverage risk.

Starting with its unregulated status, Coinexx operates without oversight from any financial authority. This means there are no investor protections, no insurance on funds, and no clear legal recourse if the broker fails or freezes withdrawals.

Despite ongoing debates about crypto regulations, some research suggests that regulatory policies can be beneficial to the stability of the cryptocurrency market,^[1] and that makes sense to me given how volatile the market can be.

Next are its basic security features. While Coinexx uses cold wallets, SSL encryption, and two-factor authentication, these are minimum requirements. There’s no multi-signature security and no proof of reserves, which are common among leading platforms.

Then there’s the CFD-only model, which limits your control over crypto. Since you never actually own the asset, you can’t transfer it to a wallet, stake it, or use it in DeFi. If your goal is long-term crypto holding or utility, this setup will not work for you.

Finally, Coinexx offers high leverage up to 500x, which can turn small price moves into major gains or equally major losses. For inexperienced traders, this kind of exposure can wipe out an account very quickly.

In short, the lack of regulation combined with limited security measures makes Coinexx a high-risk option. For anyone looking for safety and real asset ownership, regulated exchanges are a far better choice.

Security

Coinexx dedicates a page to security, emphasizing the protection of funds. It even claims:

The safety of your funds is our top priority!

Sounds reassuring, but does it really mean that Coinexx is safe? Let’s look at what’s actually in place and what I tested myself.

Coinexx stores user funds in cold wallets, meaning the assets are kept offline to minimize hacking risks. This is standard practice across the industry. However, it’s not the same as owning a hardware wallet like Ledger Flex or Trezor Safe 5 because you won’t have a device or private keys.

For data protection, Coinexx uses SSL encryption and firewalls to secure personal and transaction details. These are basic safeguards designed to prevent interception during data transfers.

On the account level, withdrawals require two-factor authentication through Google Authenticator. While 2FA is essential, this setup relies solely on a QR code scan, lacking backup options such as SMS codes or hardware keys.

Lastly, there’s a session timeout feature, which logs you out after a period of inactivity to reduce unauthorized access. It’s useful, but again, a standard measure rather than a standout security feature.

Localization and Regional Adaptability

Coinexx keeps things simple when it comes to localization. The website is only available in English, so it does not offer additional language options or region-specific features.

The only flexibility comes from MetaTrader 4 and 5, which support multiple languages. That said, this is a MetaTrader feature, not something unique to Coinexx.

If having a localized interface matters to you, this could feel limiting compared to brokers that offer multi-language sites and regional support.

Trading Tools

Coinexx gives traders access to multiple markets through a choice of professional platforms and an execution model designed for speed and cost efficiency. Here’s what you can use:

• MetaTrader 4 and MetaTrader 5;
• Alpha platform;
• ECN execution model.

Now, let’s break these down.

Coinexx supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are two of the most widely used trading tools in the industry. Both offer advanced charting, automated trading with Expert Advisors, and a huge library of custom indicators.

When it comes to Coinexx crypto trading, both MT4 and MT5 provide a smooth experience for trading crypto CFDs. You can access major cryptocurrencies, analyze price movements, and even set up automated strategies for crypto markets.

If you want something lighter, there’s the Alpha platform, Coinexx’s web-based interface. It’s simple, browser-friendly, and works well for traders who prefer quick access without downloading software.

Finally, Coinexx uses an ECN execution model, which means trades are routed directly to liquidity providers. This setup gives you raw spreads starting from 0.0 pips and faster execution, which can make a real difference for anyone trading in volatile markets.

Together, these tools give you flexibility, whether you want an advanced analysis, automated strategies, or a lightweight platform for everyday trading.

Fees and Limits

Exploring the fees is a key part of any Coinexx broker review, especially since the cost structure impacts your profit. Coinexx keeps things straightforward with free deposits and withdrawals and no inactivity fees. Here’s a quick overview:

Table: Coinexx’s fees and limits on withdrawal, deposit, and trade

Next, let’s break down the fees and limits for this Coinexx review:

• Withdrawal. Withdrawals are free, and there’s no maximum limit. The minimum withdrawal amount is $10 (in crypto value). Requests can be submitted at any time, but are processed only on business days.
• Deposit. Deposits are also free, with a minimum of $10 worth of crypto. Processing time usually ranges from 15 to 30 minutes after blockchain confirmation.
• Trading commissions. Coinexx runs on an ECN model, charging $2 per lot per side instead of adding spreads. This structure appeals to traders who prefer transparent, low-cost pricing.
• Swaps. If you hold trades overnight, swap fees kick in. These vary depending on the trading platform, like MT4, MT5, or Alpha.
• Inactivity. No inactivity fees here, so you can leave your account idle as long as you need without penalties.

In short, Coinexx offers a cost-effective structure with no funding charges, but you’ll still need to factor in commissions and swaps when planning your trades.

Customer Support

In this part of the Coinexx review, I’ll take a closer look at how responsive and helpful the platform’s support system really is.

Coinexx offers multiple ways to get help when you need it. The platform provides support through email, live chat, phone, and even a Discord channel, which gives traders a few options for reaching out.

The support team is available 24 hours a day, five days a week, from Monday to Friday. While that covers the main trading days, it falls short compared to platforms with 24/7 support.

Coinexx scores 4.8 out of 5 on Trustpilot from more than 1,700 reviews, which suggests that many traders have had positive experiences with its service. Still, reviews can be mixed, with some praising quick responses and others pointing out withdrawal issues.

One drawback is the lack of a detailed help center or knowledge base. This means you’ll likely need to contact support for even simple questions, which can be a hassle compared to platforms that provide self-service resources.

Overall, Coinexx support is solid in terms of availability and responsiveness during weekdays, but the lack of 24/7 coverage and limited self-help resources could be improved.

User Experience

This section examines the ease of use of the platform and the kind of experience traders can expect. The website is straightforward, but it feels plain and lacks the polished look many competitors have.

The homepage mentions mobile trading, which hints at an app, but there isn’t one. Instead, you get a mobile-friendly version of the site. It works fine, though it doesn’t offer the convenience or speed of a native app.

While there’s no dedicated app, setting up an account is simple. Sign-up is quick and smooth, and there’s a demo account for practice, which is great if you want to explore before trading.

Another noteworthy thing is that Coinexx has no tutorials, help desk, or educational resources. There is a blog page, but it’s far from enough if you’re new to trading.

Overall, Coinexx delivers the basics, but compared to brokers that offer apps, guides, and integrated tools, the experience feels minimal.

How to Use Coinexx

Moving along in this Coinexx review, I’ll walk you through the basics of using the platform, from creating an account to funding it and making your first trade.

How to Create a Coinexx Account

Let’s start with the sign-up process. Opening an account with Coinexx is relatively quick, and here’s how you can do it step by step.

And that’s the whole process! You can now access the dashboard to learn more about the platform or start making a deposit, which I’ll cover next.

How to Deposit on Coinexx

Similar to the sign-up process, making a deposit on Coinexx is fairly simple. Here’s the step-by-step process.

Once your transaction is confirmed on the blockchain, your funds will appear in your account, and you’re ready to start trading.

How to Withdraw From Coinexx

Taking your funds out of Coinexx is simple, but every withdrawal requires 2FA for security. I’ll show you how it works.

Your request will be processed, and funds will be transferred to your wallet after blockchain confirmation.

Comparing Coinexx to Popular Crypto Exchanges

When choosing a trading platform, it's helpful to compare it with industry leaders. That’s why this section compares Coinexx with big names like Binance, Kraken, and Bybit.

These platforms set the standard for what most traders expect in terms of asset variety, trading tools, fees, and security. Let’s go through them one by one.

Coinexx VS Binance

Binance is an all-in-one crypto platform offering spot, margin, and futures trading with leverage up to 125x. It supports over 500 assets, features P2P trading and its own Alpha trading platform for seamless performance. Additionally, Binance offers trading bots for automation.

Fees are one of Binance’s biggest strengths. It uses a maker-taker model starting at just 0.1%, with additional discounts for BNB holders and high-volume traders. Combined with deep liquidity, this makes Binance a top choice for cost-conscious traders.

Security is another key factor. Binance operates under regulatory licenses in multiple regions, offers cold storage for funds, enforces mandatory KYC, and backs its SAFU for emergencies.

📚 Read More: Binance Review

Coinexx VS Kraken

Kraken is a regulated cryptocurrency exchange recognized for its strong security and transparent approach. It supports over 400 cryptocurrencies and offers spot, margin, and futures trading, along with staking options for passive income.

Kraken fees follow a maker-taker model starting at 0.25% and 0.40%, with discounts for higher-volume traders. While not the cheapest, Kraken’s pricing is competitive given its security and compliance standards.

Security is where Kraken stands out. It’s regulated in multiple jurisdictions, implements proof of reserves, uses cold storage for most funds, and runs a bug bounty program. Kraken also holds a SOC 2 Type 1 certification, applying high-level security measures^[2] across its infrastructure.

Overall, Kraken’s strong compliance framework and US regulatory approval make it an excellent option for traders who value transparency and safety.

📚 Discover More: Kraken Review

Coinexx VS Bybit

Bybit is a leading derivatives platform offering futures, options, and spot trading across 1,600+ crypto pairs. It also includes features like copy trading, staking, and a testnet for practice, making it attractive for active and experimental traders.

Fees are low and transparent, starting at 0.1% for makers and 0.1% for takers on spot trading, with additional VIP discounts for high-volume traders. Combined with deep liquidity, Bybit is designed for fast-paced markets.

Security measures include multi-signature cold wallets, an insurance fund to cover liquidations, and mandatory KYC tiers. Bybit is also progressing toward stronger global compliance with licenses in several jurisdictions.

Overall, Bybit offers a feature-rich trading experience with strong security practices, appealing to those who want advanced tools without sacrificing reliability.

📚 Further Reading: Bybit Review

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Conclusions: Is Coinexx Right for You?

This Coinexx review shows that the platform has its strengths, including tight ECN pricing, crypto-only funding, and access to multiple markets through MT4, MT5, and Alpha. Signing up is easy, and the demo account is a nice touch for testing before you start trading.

However, there are trade-offs. The platform is unregulated, offers only basic security, and uses a CFD-only model, so you never own real crypto. Add the lack of tutorials and no mobile app, and it is clear this is not the most beginner-friendly option.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Zhang. P, Xu. K, Qi. J: ‘The impact of regulation on cryptocurrency market volatility in the context of the COVID-19 pandemic’;

2. Qia. J: ‘The Value of Auditor Assurance in Cryptocurrency Trading’.