Any experience trading with Coinexx?

Cassielite said:
fellas! It seems you were right about Coinexx. they have built a good reputation for themselves lately with their simple ideology and transparent operations. Someone shared a link about them on this elite thread recently.

https://www.elitetrader.com/et/threads/who-is-your-favorite-fx-broker.301046/page-12#post-4717598
I feel more confident about them every passing day. Thanks guys.
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Yes even I saw that link on their FB official page. It talks of how Coinexx uses fiat and crypto together to make digital contracts that are more liquid and reliable. I have been myself trading their BTC/GBP pair.
 
Innocie said:
Your wait is over @Cassielite, they have launched MT4. its's official. found the link:
https://www.financemagnates.com/tho...t4-and-moves-registered-office-to-st-vincent/
Thought its worth sharing here.
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Thanks for sharing the link mate I know they have added MT4 also. Actually I couldn’t wait for it so opened an account and started trading on MT5, its been sometime now , everything is going very smooth so far. MT5 is also ok as I am getting used to it.But now when MT4 is launched as well i think i am going to switch to it. what about you?
 
I read this thread and I went and opened a demo account.

I see red flags:

1) Advertising "Spreads from 0.0 Pip on BTCUSD - Pure ECN Spreads"
While in fact they have fixed 18 pip spread, almost $2.
2) Offer 100% bonus deposit. Except of casinos who does that?
3) Lots of errors and not working functionality on their website
4) Offers other CFDs, MT4, MT5. There's no real indication that their BTCUSD is an actual exchange.
4) The chat rep. is full of excuses and promises.

I call this one bullshit. I will stay away. You be the judge.
 
@robthequant strange they don’t advertise 0 pips on btcusd. Thats what you get on major fx pairs. And for btc usd 18 pips is pretty fair when you get a 300 pip spread for the same pair with brokers like evolve. I’m pretty happy with the broker’s offering so far. And availing bonus is entirely upto a trader, can’t blame the broker for that. I know a trader who would not trade with a broker, if no bonuses are offered and the guy is pretty level headed and lives on what he makes from trading.
 
:) the 0 BTC spread claim was removed from their website, so that's good! We keep them honest! Also the full list of spreads was totally deleted from their website :)

I'm not blaming the broker for offering 100% deposit bonus. I'm just saying it's a very strange thing to do for a "Pure ECN" exchange as they claim to be.

Why do I have the feeling that Cassielite is working for coinnexx :)
 
@robthequant hahaha! You’re somewhat close my friend but instead of working FOR coinexx, I work WITH coinexx. I mean its one of my brokers.

About the spreads, yeah even i noticed that immediately reported on the live chat when they told me there was some technical updation going on. Now the spreads seem fine. Sometimes chat really helps.

And talking about 100% deposit bonus, I really don’t see any comparison between with casinos. deposit bonus is just a lucrative add-on feature they offer like any other business. Obviously it’s you call if you want to avail it as it is to be used with caution. Many ECN brokers do that- FBS has 100% deposit bonus. Hot forex has 100% credit bonus.
 
work FOR or work WITH? what's the difference? you defend them as if it was your own company. Check out the attached screenshot. It says spreads from 0.0 pip, in the US it's called deceptive advertising, but I'm sure you operate from a country where no such laws exist, so you're ok.
 

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robthequant said:
work FOR or work WITH? what's the difference? you defend them as if it was your own company. Check out the attached screenshot. It says spreads from 0.0 pip, in the US it's called deceptive advertising, but I'm sure you operate from a country where no such laws exist, so you're ok.
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@robthequant, its definitely different – I trade with them, not work with them. but anyhow you can choose to believe what you want to -- Free Will eh!
And the screenshot is from their website and it doesn’t day 0 pips on btcusd.. its says “from” 0 pips and that not deceptive marketing ... its "marketing' and i have seen spreads that low on majors.
And as far as i m concerned, i m good with them and you certainly do reserve the right to your views. Cheers!
 
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