CoinXGlobal Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-26 18:27

Abstract：CoinXGlobal is a forex broker registered in Seychelles, offering leverage up to 1:500 and three popular trading platforms (MetaTrader4, MetaTrader5 and cTrader) to choose from. However, its current regulatory status is suspicious clone and the minimum deposit requirement to open a live account is as high as $300.

　　Note: CoinXGlobal's official website: https://coinxglobal.com/ is currently inaccessible normal.

CoinXGlobalReview Summary
Founded	/
Registered Country/Region	Seychelles
Regulation	ASIC/CySEC (Suspicious Clone)
Market Instruments	Forex
Demo Account	/
Leverage	Up to 1:500
Spread	/
Trading Platform	MetaTrader4, MetaTrader5 and cTrader
Min Deposit	$300
Customer Support	Tel: +248 467 19 76
	Email: support@coinxglobal.com
	Address: Eden Plaza, Office 209, Eden Island, Mahe, Seychelles

　　CoinXGlobal is a forex broker registered in Seychelles, offering leverage up to 1:500 and three popular trading platforms (MetaTrader4, MetaTrader5 and cTrader) to choose from. However, its current regulatory status is suspicious clone and the minimum deposit requirement to open a live account is as high as $300.

Pros and Cons

Pros	Cons
Multiple investment plans	Inaccessible website
Popular trading platforms	Suspicious clone licenses
	High minimum deposit
	Limited payment options

Is CoinXGlobal Legit?

　　No, CoinXGlobal currently has no valid regulations. Instead, only two suspicious clone licenses. Please be aware of the risk!

	Australia Securities & Investment Commission (ASIC)
Regulatory Status	Suspicious Clone
Regulated by	Australia
Licensed Institution	INTERNATIONAL CAPITAL MARKETS PTY. LTD.
Licensed Type	Market Making (MM)
Licensed Number	335692

	Cyprus Securities and Exchange Commission (CySEC)
Regulatory Status	Suspicious Clone
Regulated by	Cyprus
Licensed Institution	IC Markets (EU) Ltd
Licensed Type	Market Making (MM)
Licensed Number	362/18

Investment Plan

　　CoinXGlobal offers four investment plans: Silver, Diamond, Gold and Executive.

Investment Plan	Min Deposit
Silver	300 USD
Diamond	1,000 USD
Gold	5,100 USD
Executive	1,100 USD

Leverage

　　CoinXGlobal offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Web and Mobile	Beginners
MT5	✔	Desktop, Web and Mobile	Experienced traders
cTrader	✔	Desktop, Web and Mobile	Experienced traders

Deposit and Withdrawal

　　Although CoinXGlobal claims that it accepts deposits and withdrawals via Skrill, PayPal, Neteller, VISA and Mastercard. Actually, traders only can pay through bitcoins, bank wire transfers and an obscure payment provider called Mpesa.