Compare NPBFX vs Coinexx
What is NPBFX? What is Coinexx?
NPBFX is a global broker that specializes in forex and commodities trading. The broker uses STP/NDD technology for fast and fair executions, and offers social trading via the ZuluTrade platform. NPBFX is regulated by the Financial Commission and has been in business since 1996.
Coinexx is a crypto-friendly broker that offers trading in forex, CFDs, indices, commodities, and cryptocurrencies. The broker provides ECN execution with low spreads and commissions, and supports multiple deposit and withdrawal options in fiat and crypto currencies. Coinexx is not regulated by any authority and has been operating since 2017.
NPBFX vs Coinexx Regulation Comparison
NPBFX is regulated by the Financial Commission, an independent self-regulatory organization that provides dispute resolution and compensation services to traders. The Financial Commission covers up to €20,000 per claim for eligible clients of NPBFX.
Coinexx is not regulated by any authority, which means that it operates without any legal supervision or accountability. This poses a higher risk for traders, as they have no guarantee of the broker’s financial stability, integrity, or compliance with industry standards. Coinexx does not offer any compensation scheme or insurance for its clients.
NPBFX vs Coinexx Trading Assets Comparison
NPBFX offers leveraged trading in 38 forex pairs, 11 indices, dozens of shares and ETFs, oil, and 5 cryptocurrencies. The broker also offers social trading via the ZuluTrade platform, where traders can follow and copy the signals of other successful traders.
Coinexx offers leveraged trading in 60 forex pairs, 11 indices, 7 commodities, and 35 cryptocurrencies. The broker does not offer any social trading or copy trading services.
NPBFX vs Coinexx Trading Fees Comparison
NPBFX does not charge any trading commissions, but instead makes money through the spread, which is the difference between the bid and ask prices of an asset. The spread varies depending on the market conditions and the type of account. NPBFX offers three types of accounts: Master (minimum deposit $10, average spread 0.8 pips), Expert (minimum deposit $5,000, average spread 0.6 pips), and VIP (minimum deposit $50,000, average spread 0.4 pips). NPBFX also charges swap fees for holding positions overnight, which can be positive or negative depending on the direction of the trade and the interest rate differential between the currencies involved.
Coinexx charges both spreads and commissions for its trades. The spread is variable and depends on the liquidity and volatility of the market. The commission is $2 per lot per side for forex and CFDs, and $5 per lot per side for cryptocurrencies. Coinexx also charges swap fees for holding positions overnight, which are based on the current market rates.
NPBFX vs Coinexx Account Types Comparison
NPBFX offers three types of accounts: Master (minimum deposit $10, leverage up to 1:1000, MT4 platform, STP execution), Expert (minimum deposit $5,000, leverage up to 1:200, MT4 platform, STP execution), and VIP (minimum deposit $50,000, leverage up to 1:100, MT4 platform, NDD execution). All accounts have access to ZuluTrade social trading service.
Coinexx offers one type of account: ECN (minimum deposit $10, leverage up to 1:500, MT4 or MT5 platform, ECN execution). The account does not have access to any social trading service.
NPBFX vs Coinexx Deposit Options Comparison
NPBFX accepts deposits and withdrawals via wire transfer, credit/debit cards, Neteller, Skrill, YooMoney, QIWI, local bank transfer, and FasaPay. The broker does not charge any fees for deposits or withdrawals, but the payment providers may charge their own fees. The processing time for deposits is instant for most methods, except for wire transfer which may take up to 5 business days. The processing time for withdrawals is up to 24 hours for most methods, except for wire transfer which may take up to 5 business days.
Coinexx accepts deposits and withdrawals via wire transfer, credit/debit cards, Neteller, Skrill, UnionPay, Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and Tether. The broker does not charge any fees for deposits or withdrawals, but the payment providers may charge their own fees. The processing time for deposits is instant for most methods, except for wire transfer which may take up to 5 business days. The processing time for withdrawals is up to 48 hours for most methods, except for wire transfer which may take up to 5 business days.
NPBFX vs Coinexx Trading Platforms Comparison
NPBFX offers the MetaTrader 4 (MT4) platform to its clients. MT4 is a popular and user-friendly platform that supports multiple charting tools, indicators, expert advisors, automated trading, and customization options. MT4 is available as a desktop application, a web browser version, and a mobile app for iOS and Android devices.
Coinexx offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms to its clients. MT4 and MT5 are similar in terms of design and functionality, but MT5 has some additional features such as more timeframes, more order types, more indicators, and support for stocks and futures trading. MT4 and MT5 are available as desktop applications, web browser versions, and mobile apps for iOS and Android devices.
NPBFX vs Coinexx Analytical Tools Comparison
NPBFX provides its clients with market news, economic calendar, trading signals from ZuluTrade, technical analysis from Trading Central, fundamental analysis from FXStreet, and educational materials such as webinars, videos, articles, and glossary.
Coinexx provides its clients with market news, economic calendar, trading signals from MQL5 community, technical analysis from Trading Central, fundamental analysis from FXStreet, and educational materials such as webinars, videos, articles, and glossary.
NPBFX vs Coinexx. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading goals, preferences, and risk appetite. There is no definitive answer to which broker is better, as different brokers may have different advantages and disadvantages for different traders. However, here are some possible factors that you may want to consider:
- Regulation: If you value security and protection, you may prefer NPBFX over Coinexx, as NPBFX is regulated by the Financial Commission and offers a compensation scheme for its clients. Coinexx is not regulated by any authority and does not offer any compensation scheme or insurance for its clients.
- Trading assets: If you want to trade a wide range of instruments, especially cryptocurrencies, you may prefer Coinexx over NPBFX, as Coinexx offers more trading assets than NPBFX, including 35 cryptocurrencies. NPBFX offers fewer trading assets than Coinexx, but it does offer social trading via the ZuluTrade platform.
- Trading fees: If you want to save on trading costs, you may prefer Coinexx over NPBFX, as Coinexx offers lower spreads and commissions than NPBFX. However, you should also consider the swap fees and the payment provider fees that may apply to your trades.
- Account types: If you want to have more options and flexibility in choosing an account type, you may prefer NPBFX over Coinexx, as NPBFX offers three types of accounts with different minimum deposits, leverage, and execution types. Coinexx offers only one type of account with a fixed leverage and execution type.
- Deposit and withdrawal options: If you want to have more convenience and variety in funding and withdrawing money from your account, you may prefer Coinexx over NPBFX, as Coinexx accepts more deposit and withdrawal options than NPBFX, including multiple crypto currencies. NPBFX accepts fewer deposit and withdrawal options than Coinexx, but it does not charge any fees for deposits or withdrawals.
- Trading platforms: If you want to have more features and functionality in your trading platform, you may prefer Coinexx over NPBFX, as Coinexx offers both MT4 and MT5 platforms to its clients. MT5 has some additional features that MT4 does not have, such as more timeframes, more order types, more indicators, and support for stocks and futures trading. NPBFX offers only MT4 platform to its clients.
- Analytical tools: If you want to have more resources and support for your market analysis and trading decisions, you may prefer NPBFX over Coinexx, as NPBFX provides more analytical tools than Coinexx, such as trading signals from ZuluTrade, technical analysis from Trading Central, and fundamental analysis from FXStreet. Coinexx provides similar analytical tools as NPBFX, but it does not offer any social trading or copy trading services.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their services and features before committing to a real account. You can also read reviews and feedback from other traders who have used these brokers.
