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Coinexx

St. Vincent & the Grenadines St. Vincent & the Grenadines
Forex & CFDs (crypto-funded) · since 2018
SIN REGULARwhat are these? →
1.4
/ 5 ★
RegulationSIN REGULAR
Min. deposit0.001 BTC
Leverage1:1 – 1:500
PlatformsMT4, MT5
InstrumentsForex & CFDs (crypto-funded)
Founded2018
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at Coinexx.
How is this decided and how do I verify it? →

Regulation by region

The entity you sign with — and your protection — changes depending on where you live.

United Kingdom
No FCA license
Not authorized by the FCA
European Union
⚠ Reported warning (CONSOB)
Secondary sources report a CONSOB warning (Italy, 2020). No European license
United States
⚠ CFTC RED List
On the CFTC RED List since 16/07/2020: takes on US clients without registration
Australia
No ASIC license
Not authorized by ASIC
Rest of the world
Offshore, unregulated
Coinexx Ltd, no tier-1 license. SVG, reported move to Comoros. Crypto deposits. Complaints over withheld withdrawals

All licenses

Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).

St. Vincent & the GrenadinesSVG FSANo license
ComorosMISAOffshore
United StatesCFTCRED List

Account types

MT4/MT5 (crypto)deposits in Bitcoin/USDT; tiers not verifiable in primary sources

Pros

✓Competitive costs

Cons

✗No tier-1 regulation (offshore)
✗Withdrawal complaints / confiscation
✗No compensation scheme
✗Questionable transparency
✗Damaged reputation
✗Very high leverage (more risk)

Breakdown by axis

The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.

Regulation: Unregulated0/22 pts
Why: UNREGULATED (SVG; some sources say Comoros/Dubai). On the FCA UK warning list (2023) and the CFTC RED List (2020)
Withdrawals / payments: Denials0/20 pts
Why: SERIOUS: 'falsified transaction records, charged improper swaps and denied withdrawals'; a case of $80,913 deducted for no reason; $29k withdrawal blocked (FPA/WikiFX)
Fund safety: No protection0/15 pts
Why: unregulated + funding ONLY in crypto (irreversible, no chargeback); no compensation
Transparency: Misleading0/10 pts
Why: FCA UK warning (2023) + CFTC RED List (2020); Trustpilot 4.9 (a sign of manipulation, clashes with WikiFX 1.42/10)
Reputation: Damaged0/10 pts
Why: founded 2018; WikiFX 1.42/10, dispute threads on FPA (the 4.9 on Trustpilot is fake)
Costs: Competitive8/8 pts
Why: Cheap ECN crypto, but unregulated

Flags detected

🚩[regulation] none -> UNREGULATED (SVG; some sources say Comoros/Dubai). On the FCA UK warning list (2023) and the CFTC RED List (2020)
🚩[withdrawals] denies -> SERIOUS: 'falsified transaction records, charged improper swaps and denied withdrawals'; a case of $80,913 deducted for no reason; $29k withdrawal blocked (FPA/WikiFX)
🚩[fund_safety] none -> unregulated + funding ONLY in crypto (irreversible, no chargeback); no compensation
🚩[transparency] misleading -> FCA UK warning (2023) + CFTC RED List (2020); Trustpilot 4.9 (a sign of manipulation, clashes with WikiFX 1.42/10)
🚩[reputation] bad -> founded 2018; WikiFX 1.42/10, dispute threads on FPA (the 4.9 on Trustpilot is fake)

Sources

Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.

🔗 ⚠ CFTC — RED List (Coinexx entry)🔗 CFTC — RED List portal

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