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

I want to know real coinexx review.

jack cc
United States of America
2024-08-04
ANSWER The website you mentioned appears to be involved in an investment scam.Regulated brokers typically display their licensing information in the footer of their websites. However, COINEXX does not provide such information. Additionally, the Financial Conduct Authority (FCA) has issued a warning against COINEXX, identifying it as an unauthorized firm in the UK. This indicates that COINEXX is not credible.Dealing with a broker like COINEXX may result in substantial losses, as there are no regulatory protections for investors. Therefore, we strongly advise against using COINEXX.
See more

Is COINEXX legit? I cannot find the regulation on its website, please check it for me.

Haneef Orison Nuhu
Israel
2021-10-20
ANSWER COINEXX is NOT a legitimate broker. This broker provides the minimum information about its regulation, company name, trading conditions and contact details, 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 the UK. The truth is, we 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 thoroughly a scam. we would recommend traders to stay away from unregulated brokers like COINEXX and trade with licensed brokers.
See more

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

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.