Although Coinexx is relatively new, some traders have praised it for one of the industry's weakest spreads, but it offers traders a nice and efficient trading environment that reduces latency and improves transaction efficiency. . Currently, Coinexx supports the trading of more than 80 instruments and, to date, more than 5,000 accounts have been opened on the platform.
It is important to note that forex trading involves a huge degree of risk, which anyone thinking of venturing into should be aware.
Benefits of using Coinexx as a trading platform
1. Security: Coinexx claims to follow all standard security measures for securing user assets. All transactions are encrypted end-to-end, user funds are stored in a cold wallet protected against unauthorized access. Double authentication is required to place a withdrawal order. In addition, all deposits and withdrawals are handled manually with close monitoring.
2. Instant account setup: Setting up a Coinexx account is done in a few clicks. You open an account using your e-mail address and start trading. No documents or additional verification required.
3. Low Spread: Access one of the most competitive spreads among major disk groups around the world, thanks to transparent pricing and low latency connectivity.
Coinexx has one of the smallest deviations in the industry, up to 0.0 pip.
4. Security Deposit with Cryptocurrency: Feed your trading account with crypto currencies such as Bitcoin, Ethereum, Litecoin, Dash and more, with no minimum deposit. In addition, there is no deposit fee.
5. Mobile Trading: Coinexx does not have its own native trading app, but traders can still trade using MetaTrader 4/5, which is available for mobile and can be downloaded from the online store of the company. 39; device.
6. Free Demo Account: Coinexx offers a free no-limit demo account with virtual funds where a trader can easily test the platform without any form of risk.
7. Free VPS: Coinexx offers free VPS to traders who request it and have deposited a minimum of $ 500. The VPS can also be purchased for $ 25 by those who do not meet the criteria.
8. Anonymous trading
Disadvantages of using Coinexx as a trading platform
1. No basic information: Coinexx seems to be unregulated. There is little information about the company or the person who manages it.
Based on my research, I found positive reviews about this broker, but you should never judge a platform like this based on reviews. In addition, the fact that it is relatively new, unregulated and that little information on those behind the company really upsets me. I've also noticed that the office address on their website is also used by other, lesser known brokers, which seems odd to me.