CoinXGlobal

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

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

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.

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

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.