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.

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

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

I want to know real coinexx review. 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. View Source

COINEXX refuses to withdraw principal and profits Refusal to withdraw principal and profits, falsification of transaction records, unreasonable swap requests.Refusal to withdraw more than 100000USD.I have asked them every day, but they keep repeating that they will withdraw the money, but it has not been processed.The MT4 shows that the withdrawal has been processed, which is a fraudulent act itself.They are falsifying transaction records and reducing profits unfairly.Also, even though negative swap is deducted from the position, they are also unfairly collecting negative swap, which is not in the rules. View Source

【 Regarding Coinexx Malicious Denial of Withdrawals 】 【 Regarding Coinexx Malicious Denial of Withdrawals 】Due to improper falsification of transaction records and improper swap collection, a withdrawal (US$35,450) due to profit cancellation was denied.The breakdown is as follows・19,498USD Profit reduction due to improper falsification of records・13,883USD Improper swap collection・2,069USD Insufficient funds received102,374USD withdrawal requested on 12/8.It was supposed to be processed within 48 hours, but was not.The profit was subsequently reversed without notice due to falsified transaction records and improper swap recovery.The remaining amount (69,011USD) was explained to have been paid on 12/22, but only 66,942USD was received.The withdrawal was in USDT (ERC20) and Etherscan has confirmed that the shortfall occurred after the withdrawal.https://etherscan.io/tx/0x820e7ef0f8e65b7ab616dfc3cca57a41deebd1f4948d6766e9ebca13adbf04d7Below is a description of each piece of evidence and the conflicting responses from email and support.【 1. Falsification of trading records 】As can be seen from the image, the unfavorable execution record has been falsified and the profit has been canceled.I have received an e-mail stating that there was an unauthorized transaction, but of course I have no recollection of it.In addition, when I contacted support, they stated that they do not interfere with customer trades. There is a discrepancy.【 2. Unreasonable swap collection 】There is a record of -138831USD listed as Swaps Adj as can be seen from the image.Even though swaps were deducted from the position, the profit was cancelled due to unjustified additional collection.In addition, we have confirmed with support that the correct swap short for USDJPY is -3.9. We only charge a transaction fee and a swap fee if the trade is opened overnight".Again, there is a discrepancy here. Note that the swap point was changed to -35.19 after the unjustified collection. This is strange because -3.9 should be correct. View Source