Coinexx Information
- Coinexx Website – https://coinexx.com/
- Website Availability – Yes
- Address shown – 60a Station Road, North Harrow, UNITED KINGDOM, HA2 7SL
- Coinexx Owned By – Coinexx
- Warned By – Financial Conduct Authority (United Kingdom)
- Domain Age of Coinexx
- Name COINEXX.COM
- Registry Domain ID 2084398316_DOMAIN_COM-VRSN
- Registered On 2016-12-24T01:54:20Z
- Expires On 2025-12-24T01:54:20Z
- Updated On 2024-12-08T08:25:24Z
Coinexx is an online brokerage firm that is said to offer a great number of trading facilities like forex, cryptocurrencies, commodities as well as indices. On the other side, several Coinexx reviews and multiple regulatory alerts raised some serious concerns regarding the credibility of the platform along with transparency.
Is Coinexx Legit or a Scam?
Coinexx is said to carry on its operation under Coinexx Ltd in the UK. While Coinexx is registered with the Companies House, such registration does not imply regulation by the UK’s Financial Conduct Authority (FCA). Above all, the FCA issued a warning against Coinexx on 20 November 2023, declaring it unauthorized to offer any financial services within the United Kingdom.
Moreover, major financial watchdogs have found no trace of regulation of Coinexx. This indicates that all clients of Coinexx are without any legal protection, while the funds are not protected by any financial laws.
Red Flags in Coinexx’s Operations
1. Lack of Regulation
What concerns me the most, however, would be the absence of regulation where the broker operates ungoverned, hence playing foul with no troubles.
2. Falsified Records
Coinexx is accused of tampering with trading execution data while canceling actual client profits. A trader claimed to have been wrongfully accused of making unauthorized transactions.
3. Withdrawal Issues
Users said that although the platform would show withdrawal successful records in MT4, the Coinexx minimum withdrawal never really reached them. This has been accompanied by many assurances but the delays and denials still keep coming.
Coinexx Minimum Deposit and Leverage
Coinexx is marketed as a flexible trading platform with a low Coinexx minimum deposit, attractive to beginning traders. In contrast, this feature could lure an unsuspecting trader into a high-risk environment. The platform also boasts high Coinexx leverage, which increases profits and losses, all the more in the hands of an untrustworthy broker.
Is Coinexx Real or Fake?
With multiple complaints from clients, falsified records, and numerous FCA warnings, people have started questioning the authenticity of Coinexx: real or fake? The overwhelming evidence points towards Coinexx being fraudulent in practice, and several users have branded it as a scam broker.
Conclusion: Stay Cautious
This Coinexx review serves as a warning to traders considering this platform. The combination of no regulation, withdrawal problems, and user complaints strongly indicates that Coinexx is not a safe environment for trading.
If you value the safety of your funds, it is best to avoid Coinexx and explore brokers that are properly licensed and regulated.
Do you think you’ve been misled by Coinexx or any other suspicious platform?
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