Compare AMarkets vs Coinexx
What is AMarkets? What is Coinexx ?
AMarkets is an online broker that offers trading services in forex, CFDs, stocks and indices. It was founded in 2007 and is regulated by the Financial Services Authority of Saint Vincent and the Grenadines.
Coinexx is a crypto forex broker that offers trading services in forex and crypto currencies. It was founded in 2018 and is not regulated by any authority.
AMarkets vs Coinexx Regulation Comparison
AMarkets is regulated by the Financial Services Authority of Saint Vincent and the Grenadines, which is a low-tier offshore regulator that does not provide much protection or oversight for traders.
Coinexx is not regulated by any authority, which means it operates without any legal supervision or accountability.
AMarkets vs Coinexx Trading Assets Comparison
AMarkets offers trading in hundreds of assets, including forex, CFDs, stocks and indices. It has over 50 currency pairs, 15 stock indices, 500+ stocks and 10 commodities. Coinexx offers trading in forex and crypto currencies only. It has over 60 currency pairs and 25 altcoins. Both brokers have a wide range of instruments, but AMarkets has more diversity and variety.
AMarkets vs Coinexx Trading Fees Comparison
AMarkets charges variable spreads and commissions depending on the account type and market conditions. It has four account types: Standard, Fixed, ECN and Crypto. The Standard account has no commission but higher spreads, while the ECN account has lower spreads but a commission of $2.5 per lot per side. The Fixed account has fixed spreads of 3 pips on major pairs, while the Crypto account has spreads of 0.5% on crypto pairs. AMarkets also charges swap fees for holding positions overnight, except for the Crypto account.
Coinexx charges no commission or swap fees on any account type. It has three account types: Standard, Pro and ECN. All accounts have pure ECN spreads starting from 0 pips on major pairs and 0% on crypto pairs. Coinexx also offers leverage up to 500x, while AMarkets offers leverage up to 3000x. Both brokers have competitive fees, but Coinexx has lower costs and higher leverage.
AMarkets vs Coinexx Account Types Comparison
AMarkets has four account types: Standard, Fixed, ECN and Crypto. The minimum deposit for all accounts is $100, except for the Crypto account which requires $200. The account base currencies are EUR, USD and BTC. The maximum leverage is 3000x for all accounts, except for the Crypto account which has 10x leverage. The minimum lot size is 0.01 for all accounts. AMarkets also offers Islamic accounts for Muslim traders who want to trade without swap fees.
Coinexx has three account types: Standard, Pro and ECN. The minimum deposit for all accounts is 0.001 BTC or equivalent in other altcoins. The account base currencies are BTC, ETH, USDT, USDc and XRP. The maximum leverage is 500x for all accounts. The minimum lot size is 0.01 for all accounts. Coinexx does not offer Islamic accounts or fiat currency deposits or withdrawals. Both brokers have different account options to suit different trading styles and preferences, but Coinexx requires traders to use crypto currencies only.
AMarkets vs Coinexx Deposit Options Comparison
AMarkets offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), cryptocurrencies (such as Bitcoin, Ethereum) and local payment methods (such as FasaPay, NganLuong). AMarkets does not charge any deposit or withdrawal fees, except for bank wire transfers which may incur some fees from the banks. The processing time for deposits and withdrawals varies depending on the method, but it is usually within 24 hours for e-wallets and cryptocurrencies, and up to 5 business days for bank wire transfers.
Coinexx offers only cryptocurrency deposit and withdrawal options, such as Bitcoin, Litecoin, Dash, Ethereum and more . Coinexx does not charge any deposit or withdrawal fees, but there may be some network fees from the blockchain . The processing time for deposits and withdrawals is usually within a few minutes or hours, depending on the network speed and confirmation time . Both brokers have different deposit and withdrawal options to suit different traders, but AMarkets has more flexibility and convenience, while Coinexx has more anonymity and speed.
AMarkets vs Coinexx Trading Platforms Comparison
AMarkets offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are popular and widely used by traders around the world. They offer advanced trading features, such as multiple chart types, indicators, analytical tools, automated trading via expert advisors (EAs), trading signals, copy trading and more. AMarkets also provides a web trader version of MT4 and MT5 that can be accessed from any browser without downloading or installing anything. AMarkets also offers mobile trading apps for MT4 and MT5 that can be downloaded from the App Store or Google Play Store for iOS and Android devices respectively.
Coinexx offers only one trading platform: MetaTrader 4 (MT4). It is the same platform as AMarkets, but with some differences in the design and layout. It also offers the same trading features as AMarkets, such as multiple chart types, indicators, analytical tools, automated trading via expert advisors (EAs), trading signals, copy trading and more . Coinexx also provides a web trader version of MT4 that can be accessed from any browser without downloading or installing anything . Coinexx also offers mobile trading apps for MT4 that can be downloaded from the App Store or Google Play Store for iOS and Android devices respectively . Both brokers offer similar trading platforms with similar functionalities, but AMarkets has an edge over Coinexx by offering MT5 as well.
AMarkets vs Coinexx Analytical Tools Comparison
AMarkets offers various analytical tools to help traders make informed decisions and improve their trading performance. Some of these tools include:
- Economic calendar: A tool that shows the dates and times of important economic events and indicators that may affect the market movements.
- Market sentiment: A tool that shows the percentage of traders who are buying or selling a certain instrument at a given time.
- Trading signals: A tool that provides buy or sell recommendations based on technical analysis or fundamental analysis.
- Copy trading: A tool that allows traders to copy the trades of other successful traders automatically.
- Trading calculators: A tool that helps traders calculate various parameters such as margin, profit/loss, swap fees, pip value and more.
- VPS service: A tool that provides a virtual private server for traders who want to run their EAs without interruptions or delays.
Coinexx offers some of the same analytical tools as AMarkets, such as:
- Economic calendar: A tool that shows the dates and times of important economic events and indicators that may affect the market movements.
- Trading signals: A tool that provides buy or sell recommendations based on technical analysis or fundamental analysis.
- Copy trading: A tool that allows traders to copy the trades of other successful traders automatically.
- Trading calculators: A tool that helps traders calculate various parameters such as margin, profit/loss, swap fees, pip value and more.
- VPS service: A tool that provides a virtual private server for traders who want to run their EAs without interruptions or delays.
However, Coinexx does not offer some of the tools that AMarkets does, such as:
- Market sentiment: A tool that shows the percentage of traders who are buying or selling a certain instrument at a given time.
- Trading Central: A tool that provides technical analysis, market commentary, trading ideas and strategies from a leading provider of financial market research.
Both brokers offer useful analytical tools to enhance the trading experience, but AMarkets has more variety and quality than Coinexx.
AMarkets vs Coinexx . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal trading goals, preferences, risk appetite and experience. However, here are some possible advantages and disadvantages of each broker:
- AMarkets has more trading assets, more account base currencies, more deposit and withdrawal options, regulated states and Islamic account options. However, it also has higher transaction fees, lower leverage, swap fees, and low-level offshore regulatory authority.
- Coinexx has lower transaction fees, higher leverage, no swap fees and pure ECN spreads. However, it also has fewer trading assets, less base currency for the account, fewer deposit and withdrawal options, no regulatory status, and no Islamic account options.
You should carefully weigh the pros and cons of each broker and do your own research before making a decision. You can also try their demo account to test out their platform and services. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
