Compare FreshForex vs Coinexx
What is FreshForex? What is Coinexx ?
FreshForex is an offshore forex and CFD broker that offers 270+ assets on the MT4 and MT5 platforms. It was established in 2004 and claims to provide fast NDD execution, high leverage, low spreads, and various bonuses and promotions. However, it is not regulated by any reputable authority and has some negative user reviews.
Coinexx is a crypto-friendly forex and CFD broker that offers over 300 assets on the MT4 and MT5 platforms. It was founded in 2017 and claims to provide low-cost trading, high leverage, fast execution, and secure deposits and withdrawals. It is also not regulated by any authority and has mixed user reviews.
FreshForex vs Coinexx Regulation Comparison
Neither FreshForex nor Coinexx is regulated by any reputable authority. FreshForex is registered in St. Vincent and the Grenadines, which is a popular offshore jurisdiction for forex brokers but does not offer any investor protection or oversight. Coinexx is registered in Seychelles, which is another offshore destination that does not impose any strict regulatory requirements on forex brokers. Trading with unregulated brokers carries a high risk of losing your funds or being exposed to fraud or manipulation.
FreshForex vs Coinexx Trading Assets Comparison
FreshForex offers 270+ trading instruments, including forex, CFDs, indices, commodities, and cryptocurrencies. Coinexx offers over 300 trading instruments, including forex, metals, cryptocurrencies, energies, indices, stocks, futures, and options. Both brokers provide a wide range of assets to suit different trading preferences and strategies.
FreshForex vs Coinexx Trading Fees Comparison
FreshForex charges variable spreads and commissions depending on the account type. The spreads start from 0 pips on the ECN account, which has a commission of $6 per lot round turn. The other account types have no commission but higher spreads starting from 0.9 pips on the Classic account and 0 pips on the Market Pro account. The broker also charges swap fees for holding positions overnight and an inactivity fee of $10 per month after six months of no trading activity.
Coinexx charges variable spreads and commissions depending on the account type. The spreads start from 0 pips on all account types, which have a commission of $2 per lot round turn. The broker does not charge any swap fees or inactivity fees.
FreshForex vs Coinexx Account Types Comparison
FreshForex offers four account types: Classic, Market Pro, ECN, and Swap-Free (Islamic). The minimum deposit for the Classic account is $1, for the Market Pro account is $100, for the ECN account is $2000, and for the Swap-Free account is $1000. The maximum leverage for all account types is 1:2000. The Classic account is suitable for beginners who want fixed spreads and no commission. The Market Pro account is suitable for experienced traders who want variable spreads and fast execution. The ECN account is suitable for professional traders who want raw spreads and low commission. The Swap-Free account is suitable for Muslim traders who want to trade without interest charges.
Coinexx offers five account types: Standard, Mini, Micro, Crypto, and ECN XL (Zero). The minimum deposit for all account types is $10 or equivalent in crypto. The maximum leverage for all account types is 1:500. The Standard account is suitable for traders who want to trade with standard lot sizes and low commission. The Mini account is suitable for traders who want to trade with smaller lot sizes and low commission. The Micro account is suitable for traders who want to trade with micro lot sizes and low commission. The Crypto account is suitable for traders who want to trade with crypto pairs only and low commission. The ECN XL (Zero) account is suitable for traders who want to trade with zero spread and zero commission.
FreshForex vs Coinexx Deposit Options Comparison
FreshForex offers various deposit and withdrawal options, including credit/debit cards, bank wire transfer, e-wallets (Skrill, Neteller, Perfect Money), cryptocurrencies (Bitcoin, Ethereum), local payment methods (Fasapay), and vouchers (Qiwi Wallet). The broker does not charge any deposit or withdrawal fees except for bank wire transfer which may incur some fees from the banks involved. The processing time for deposits is instant or up to 24 hours depending on the method used. The processing time for withdrawals is up to 10 minutes or up to 5 working days depending on the method used.
Coinexx offers various deposit and withdrawal options, including cryptocurrencies (Bitcoin, Ethereum, Litecoin, Monero, Dash, Bitcoin Cash, Ripple, Tether), local payment methods (Paytm, UPI), and vouchers (Perfect Money). The broker does not charge any deposit or withdrawal fees except for vouchers which may incur some fees from the service provider. The processing time for deposits and withdrawals is instant or up to 24 hours depending on the method used.
FreshForex vs Coinexx Trading Platforms Comparison
FreshForex and Coinexx both offers the popular MT4 and MT5 platforms for desktop, web, and mobile devices. The platforms are user-friendly and customizable and support various trading tools and features, such as charting, indicators, expert advisors, scripts, signals, and market news. The broker also provides a VPS server for algorithmic traders who want to run their EAs without interruption.
FreshForex vs Coinexx Analytical Tools Comparison
FreshForex and Coinexx both provides various analytical tools to help traders with their market analysis and decision making, such as forex heatmaps, CFD heatmaps, stocks heatmaps, economic calendar, market news, trading signals, technical analysis, fundamental analysis, and webinars.
FreshForex vs Coinexx . Which forex broker is better? Which forex broker should you choose?
The choice of a forex broker depends on your personal preferences, trading goals, risk appetite, and budget. You should compare the features and benefits of each broker and decide which one meets your needs and expectations better. You should also consider the risks and challenges of trading forex and CFDs, such as volatility, leverage, margin calls, slippage, and regulation. Trading forex and CFDs is not suitable for everyone and you should only trade with money you can afford to lose.
