Compare FP Markets vs Coinexx
What is FP Markets? What is Coinexx ?
FP Markets is a global contract for differences (CFD) and online retail foreign exchange (Forex) broker established and regulated in Australia since 2005. It offers trading services on Forex, CFDs, indices, shares, commodities, metals, bonds and futures across various platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS and WebTrader.
Coinexx is a crypto Forex broker that allows traders to trade Forex and crypto currencies with the lowest spreads in the industry. It offers trading services on Forex, crypto currencies, commodities, metals and indices across MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. It also supports multiple account base currencies such as BTC, ETH and USD.
FP Markets vs Coinexx Regulation Comparison
FP Markets is regulated by the Australian Securities and Investment Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the European Securities and Markets Authority (ESMA). These are some of the most stringent international regulations that ensure the safety and security of traders’ funds and transactions.
Coinexx is not regulated by any authority and operates as an offshore broker. This means that there is no guarantee of the protection of traders’ funds or the resolution of disputes in case of any issues.
FP Markets vs Coinexx Trading Assets Comparison
FP Markets offers trading on over 10,000 instruments across various asset classes such as Forex, CFDs, indices, shares, commodities, metals, bonds and futures. It also offers access to deep liquidity and market leading pricing from tier one financial institutions.
Coinexx offers trading on over 300 instruments across Forex, crypto currencies, commodities, metals and indices. It also offers access to deep liquidity from a network of tier one banks and prime liquidity providers.
FP Markets vs Coinexx Trading Fees Comparison
FP Markets charges competitive fees through tight spreads from 0.0 pips on major currency pairs such as the EUR/USD, USD/JPY and GBP/USD. It also charges commissions on some account types such as the ECN Raw account which starts from $3 per lot per side. It does not charge any deposit or withdrawal fees but may incur third-party fees depending on the payment method.
Coinexx charges low fees through tight spreads from 0.0 pips on major currency pairs such as the EUR/USD, USD/JPY and GBP/USD. It also charges commissions on all account types which starts from $2 per lot per side. It does not charge any deposit or withdrawal fees but may incur network fees depending on the crypto currency used.
FP Markets vs Coinexx Account Types Comparison
FP Markets offers four account types: Standard, ECN Raw, Islamic and Professional. The Standard account has no commission but higher spreads, while the ECN Raw account has lower spreads but commission fees. The Islamic account is swap-free for Muslim traders, while the Professional account is for experienced traders who can access higher leverage and lower margin requirements. The minimum deposit for all accounts is $100 except for the Professional account which requires $25,000.
Coinexx offers three account types: ECN Standard, ECN Pro and ECN Ultra. All accounts have low spreads and commission fees but differ in leverage and minimum trade size. The ECN Standard account has a maximum leverage of 500:1 and a minimum trade size of 0.01 lot, while the ECN Pro account has a maximum leverage of 200:1 and a minimum trade size of 0.1 lot. The ECN Ultra account has a maximum leverage of 100:1 and a minimum trade size of 0.01 lot. The minimum deposit for all accounts is 0.001 BTC or equivalent in other crypto currencies.
FP Markets vs Coinexx Deposit Options Comparison
FP Markets supports various deposit and withdrawal options such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller, PayPal), online payment systems (POLi, BPay) and broker-to-broker transfers. The processing time for deposits is instant for most methods except for bank wire transfers which may take up to 5 business days. The processing time for withdrawals is within 24 hours for most methods except for bank wire transfers which may take up to 5 business days.
Coinexx supports only crypto currency deposit and withdrawal options such as Bitcoin, Litecoin, Ethereum, Dash and more. The processing time for deposits and withdrawals is within 24 hours but may vary depending on the network confirmation time of the crypto currency used.
FP Markets vs Coinexx Trading Platforms Comparison
FP Markets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), IRESS and WebTrader platforms. MT4 and MT5 are the most popular trading platforms in the industry that offer advanced charting, analytical tools, indicators, expert advisors, scripts and more. IRESS is a web-based platform that offers direct market access, advanced order types, market depth and more. WebTrader is a browser-based platform that offers easy access to the markets without any downloads or installations.
Coinexx supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MT4 and MT5 are the most popular trading platforms in the industry that offer advanced charting, analytical tools, indicators, expert advisors, scripts and more. Coinexx also offers a copy trading service that allows traders to follow and copy top-performing traders on the platform.
FP Markets vs Coinexx Analytical Tools Comparison
FP Markets offers various analytical tools such as market news, economic calendar, trading signals, technical analysis, trading calculators and more. These tools help traders to stay updated on the market events, trends and opportunities. FP Markets also offers educational resources such as webinars, videos, e-books, articles and more to help traders improve their skills and knowledge.
Coinexx offers some analytical tools such as market news, economic calendar and trading signals. These tools help traders to stay updated on the market events, trends and opportunities. Coinexx also offers a blog section that covers topics such as crypto currencies, trading strategies, market analysis and more.
FP Markets vs Coinexx . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and other factors. You should do your own research and compare the features, benefits, and limitations of each broker before making a decision. You can also consult a professional financial advisor if you need further guidance.
