Compare FIBO Group vs Coinexx
What is FIBO Group? What is Coinexx?
FIBO Group is an international financial holding company that offers online trading services for forex and CFDs since 1998. It has offices in Europe, Central and East Asia and is regulated by various authorities in different jurisdictions. It provides a range of trading instruments, platforms and account types for its clients .
Coinexx is a forex and crypto currency broker that started its operations in 2018. It allows its clients to trade forex and crypto currencies with low spreads, high leverage and no transfer fees. It does not require any verification or minimum deposit to open an account. It supports multiple base currencies, including BTC, ETH and USD. It uses MetaTrader 4 and MetaTrader 5 platforms for trading .
FIBO Group vs Coinexx Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| FIBO Group | Cyprus Securities and Exchange Commission (CySEC) | 118/10 |
| FIBO Group | Financial Services Commission of the British Virgin Islands (FSC BVI) | SIBA/L/14/1063 |
| FIBO Group | Financial Sector Conduct Authority of South Africa (FSCA) | 44909 |
| Coinexx | None | N/A |
As you can see, FIBO Group is regulated by multiple authorities, while Coinexx is not regulated by any official body. This means that FIBO Group has to comply with certain rules and standards to protect its clients’ funds and interests, while Coinexx does not have such obligations or guarantees.
FIBO Group vs Coinexx Trading Assets Comparison
| Broker | Forex Pairs | Crypto Pairs | Indices | Commodities | Stocks |
|---|---|---|---|---|---|
| FIBO Group | 60+ | 0 | 15+ | 10+ | 0 |
| Coinexx | 60+ | 25+ | 11 | 5 | 0 |
FIBO Group vs Coinexx Trading Fees Comparison
Both brokers charge fees based on the spread, commission and swap of each trade. The spread is the difference between the bid and ask prices of an asset, the commission is the fee charged by the broker for executing a trade, and the swap is the interest rate difference between the two currencies of a pair that is applied when a position is held overnight.
FIBO Group offers different types of spreads, commissions and swaps depending on the account type chosen by the client. For example, the MT4 Fixed account has fixed spreads from 2 pips, no commission and no swap, while the MT4 NDD account has variable spreads from 0.8 pips, commission of $6 per lot and swap based on market rates.
Coinexx has only one type of spread, commission and swap for all its accounts. It offers variable spreads from 0.0 pips, commission of $2 per side per lot and swap based on market rates.
FIBO Group vs Coinexx Account Types Comparison
| Broker | Account Types |
|---|---|
| FIBO Group | MT4 Cent, MT4 Fixed, MT4 Floating, MT4 NDD, MT4 NDD No Commission, cTrader NDD |
| Coinexx | Standard |
FIBO Group vs Coinexx Deposit Options Comparison
| Broker | Deposit Options | Withdrawal Options |
|---|---|---|
| FIBO Group | Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, WebMoney, QIWI, FasaPay, Bitcoin and more | Bank Wire Transfer, Credit/Debit Card, Skrill, Neteller, WebMoney, QIWI, FasaPay, Bitcoin and more |
| Coinexx | Crypto Currencies (Bitcoin, Litecoin, Dash, Ethereum and more) | Crypto Currencies (Bitcoin, Litecoin, Dash, Ethereum and more) |
FIBO Group vs Coinexx Trading Platforms Comparison
| Broker | Trading Platforms |
|---|---|
| FIBO Group | MetaTrader 4, MetaTrader 5, cTrader |
| Coinexx | MetaTrader 4, MetaTrader 5 |
FIBO Group vs Coinexx Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| FIBO Group | Economic Calendar, Market Analysis, Trading Signals, Autochartist |
| Coinexx | Economic Calendar |
FIBO Group vs Coinexx. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and risk appetite. Each broker has its own advantages and disadvantages, which you should consider carefully before making a decision. However, here are some factors you may want to consider:
- If you value regulation and security, you may prefer FIBO Group, as it is regulated by multiple authorities and has to follow certain rules and standards to protect its clients’ funds and interests. Coinexx is not regulated by any official body and does not have such guarantees.
- If you value flexibility and convenience, you may prefer FIBO Group, as it accepts both fiat and crypto currencies for deposit and withdrawal, and offers a range of account types, platforms and instruments for trading. Coinexx only accepts crypto currencies for funding and withdrawing, and has only one account type and two platforms for trading.
- If you value privacy and low fees, you may prefer Coinexx, as it does not require any verification or minimum deposit to open an account, and offers low spreads, high leverage and no transfer fees for trading. FIBO Group requires verification documents and minimum deposits for some account types, and charges different types of spreads, commissions and swaps for trading.
- If you value analytical tools and support, you may prefer FIBO Group, as it provides market analysis, trading signals, Autochartist and customer service for its clients. Coinexx only provides an economic calendar for its clients.
Ultimately, the choice is yours. You should always do your own research before choosing a broker. You can also try their demo accounts to test their services and features before opening a live account.
