Compare InstaForex vs Coinexx
What is InstaForex? What is Coinexx ?
InstaForex is a forex and CFD broker that offers trading services in over 200 instruments, including currency pairs, metals, stocks, indices, commodities, and cryptocurrencies. Coinexx is a crypto-only broker that allows trading in over 60 digital assets, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
InstaForex vs Coinexx Regulation Comparison
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority of Saint Vincent and the Grenadines (FSA). Coinexx is not regulated by any authority and operates as an offshore entity.
InstaForex vs Coinexx Trading Assets Comparison
InstaForex offers a wider range of trading assets than Coinexx, as it covers both traditional and crypto markets. Coinexx only offers crypto trading, which may limit the diversification and risk management options for traders.
InstaForex vs Coinexx Trading Fees Comparison
InstaForex charges variable spreads and commissions depending on the account type and trading instrument. The average spread for EUR/USD is 1.6 pips on the standard account and 0.8 pips on the ECN account. The commission for CFDs is 0.03% of the trade volume. Coinexx charges zero spreads and commissions on all trades, as it makes money from the network fees paid by traders to execute transactions on the blockchain.
InstaForex vs Coinexx Account Types Comparison
InstaForex offers four account types: standard, ECN, ECN Zero, and Scalping. The minimum deposit for the standard account is $1, while the other accounts require $1000. The leverage ranges from 1:1 to 1:1000 depending on the account type and instrument. Coinexx offers one account type with a minimum deposit of $5 and a maximum leverage of 1:500 for all instruments.
InstaForex vs Coinexx Deposit Options Comparison
InstaForex supports various deposit and withdrawal options, including bank wire, credit/debit cards, e-wallets, cryptocurrencies, and local payment methods. The processing time and fees vary depending on the method chosen. Coinexx only supports crypto deposits and withdrawals, which are fast and free of charge.
InstaForex vs Coinexx Trading Platforms Comparison
InstaForex provides access to several trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, and MobileTrader. These platforms offer advanced features such as charting tools, indicators, expert advisors, market news, and more. Coinexx only offers MetaTrader 4 and MetaTrader 5 as its trading platforms, which are also popular and user-friendly among crypto traders.
InstaForex vs Coinexx Analytical Tools Comparison
InstaForex provides various analytical tools to help traders make informed decisions, such as market analysis, economic calendar, trading signals, forex calculator, forex TV, and more. Coinexx does not offer any analytical tools on its website or platforms, except for the basic charts and indicators available on MetaTrader.
InstaForex vs Coinexx . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker it depends on your personal goals, preferences and risk appetite. However, here are some possible scenarios where you might prefer one broker over another:
- If you are looking for a regulated and reputable broker that offers a wide range of trading instruments, including both traditional and crypto markets, you might prefer InstaForex.
- If you are looking for a low-cost and fast broker that only offers crypto trading, you might prefer Coinexx.
- If you are looking for a broker that offers multiple account types with different features and requirements, you might prefer InstaForex.
- If you are looking for a broker that offers a simple and flexible account type with minimal deposit and high leverage, you might prefer Coinexx.
- If you are looking for a broker that supports various payment methods, including fiat and crypto currencies, you might prefer InstaForex.
- If you are looking for a broker that only supports crypto payments, which are free and instant, you might prefer Coinexx.
- If you are looking for a broker that provides access to several trading platforms, including web and mobile versions, you might prefer InstaForex.
- If you are looking for a broker that only offers MetaTrader 4 and MetaTrader 5 as its trading platforms, which are also widely used by crypto traders, you might prefer Coinexx.
- If you are looking for a broker that provides various analytical tools to help you with your trading decisions, you might prefer InstaForex.
- If you are looking for a broker that does not offer any analytical tools on its website or platforms, except for the basic charts and indicators available on MetaTrader, you might prefer Coinexx.
In the end, the choice is yours. You should do your own research and due diligence before opening an account with any broker. You should also consider the risks associated with forex and cryptocurrency trading, as they are speculative and volatile markets.
