Compare ThinkMarkets vs Coinexx
What is ThinkMarkets? What is Coinexx?
ThinkMarkets is an FCA and ASIC-regulated online broker that was established in 2010. It offers trading on over 4,000 financial instruments, including forex, cryptocurrencies, indices, commodities, share CFDs and metals. It also provides investing services on ASX and Chi-X shares and ETFs with a flat brokerage fee and HIN ownership.
Coinexx is a crypto forex broker that was founded in 2017. It allows trading on forex and crypto currencies with the lowest spreads in the industry. It has no minimum deposit requirement, no transfer fees, no trading restrictions and no verification required. It also supports multiple base currencies, including BTC, ETH and USD.
ThinkMarkets vs Coinexx Regulation Comparison
ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. These are two of the most reputable and strict regulators in the world, which means that ThinkMarkets has to comply with high standards of security, transparency and customer protection.
Coinexx is not regulated by any authority, which means that it operates in a more flexible and anonymous environment. However, this also means that it does not offer any legal protection or recourse to its clients in case of disputes or issues. Trading with an unregulated broker carries a higher risk of fraud, manipulation or loss of funds.
ThinkMarkets vs Coinexx Trading Assets Comparison
ThinkMarkets offers a wide range of trading assets, including over 40 forex pairs, over 25 cryptocurrencies, over 40 indices, over 20 commodities, over 3,000 share CFDs and over 10 metals. It also offers investing services on over 3,000 shares and ETFs from the Australian stock exchange.
Coinexx offers a more limited range of trading assets, mainly focusing on forex and crypto currencies. It offers over 60 forex pairs and over 25 crypto currencies. It does not offer any other types of assets, such as indices, commodities or shares.
ThinkMarkets vs Coinexx Trading Fees Comparison
ThinkMarkets charges variable spreads on its trading instruments, starting from as low as 0.4 pips on forex pairs. It also charges a commission of $3.5 per lot per side on its Standard account and $2 per lot per side on its Pro account. It does not charge any fees on deposits or withdrawals. For its investing services, it charges a flat brokerage fee of $8 per trade on shares and ETFs.
Coinexx charges very low spreads on its trading instruments, starting from as low as 0 pips on forex pairs. It also charges a commission of $2 per lot per side on all its accounts. It does not charge any fees on deposits or withdrawals either. However, it does not offer any investing services.
ThinkMarkets vs Coinexx Account Types Comparison
ThinkMarkets offers three types of accounts: Standard, Pro and VIP. The Standard account has no minimum deposit requirement, the Pro account requires a minimum deposit of $500 and the VIP account requires a minimum deposit of $10,000. The Standard account has higher spreads but lower commissions than the Pro account, while the VIP account has the lowest spreads and commissions but also the highest minimum trade size. All accounts have a maximum leverage of 500:1.
Coinexx offers four types of accounts: Mini, Standard, ECN and ECN XL. All accounts have no minimum deposit requirement and a maximum leverage of 500:1. The Mini account has higher spreads but no commissions, while the other accounts have lower spreads but charge commissions. The ECN XL account has the lowest spreads and commissions but also the highest minimum trade size.
ThinkMarkets vs Coinexx Deposit Options Comparison
ThinkMarkets accepts various deposit and withdrawal options, including bank wire transfer, credit/debit card, Skrill, Neteller, PayPal and BitPay. The processing time varies depending on the method used, but it usually takes between one to three business days for withdrawals to be completed.
Coinexx only accepts deposits and withdrawals in crypto currencies, such as Bitcoin, Litecoin, Dash, Ethereum and more. The processing time is usually very fast, as it depends on the blockchain confirmation time. However, this also means that clients have to bear the risk of price fluctuations and volatility of crypto currencies.
ThinkMarkets vs Coinexx Trading Platforms Comparison
ThinkMarkets offers three trading platforms: MetaTrader 4, MetaTrader 5 and ThinkTrader. MetaTrader 4 and MetaTrader 5 are established, secure and stable CFD trading platforms that offer high-end service, fast execution, a variety of instruments, technical indicators, expert advisors, scripts and more. ThinkTrader is a proprietary platform that offers an intuitive design, easy trade management, a powerful suite of analytical tools and a consistent trading experience across mobile, desktop and web.
Coinexx only offers two trading platforms: MetaTrader 4 and MetaTrader 5. It does not have its own proprietary platform. However, it claims to offer access to deep liquidity, unparalleled execution speed and pure ECN environment through its MetaTrader platforms.
ThinkMarkets vs Coinexx Analytical Tools Comparison
ThinkMarkets provides a range of analytical tools to its clients, such as trading guides, expert insights, market news, economic calendar, trading signals, market sentiment, Autochartist and VPS. These tools help traders to upgrade their knowledge, stay up to date with market events, analyse trends, identify opportunities and enhance their performance.
Coinexx does not provide any analytical tools to its clients, except for the ones that are available on the MetaTrader platforms. It does not offer any educational resources, market analysis, trading signals or other tools that can help traders to improve their skills or strategies.
ThinkMarkets vs Coinexx. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, based on the comparison I have made, here are some points you may want to consider:
- If you value regulation and security, you may prefer ThinkMarkets, as it is regulated by two reputable authorities and offers client fund protection and negative balance protection . Coinexx, on the other hand, is not regulated by any authority and does not offer any legal guarantees or safeguards to its clients.
- If you are looking for a wide range of trading assets, you may prefer ThinkMarkets, as it offers over 4,000 financial instruments, including forex, cryptocurrencies, indices, commodities, share CFDs and metals. It also offers investing services on ASX and Chi-X shares and ETFs . Coinexx only offers forex and crypto currencies as trading assets.
- If you are looking for low trading costs, you may prefer Coinexx, as it offers very low spreads and commissions on its trading instruments. It also does not charge any fees on deposits or withdrawals. ThinkMarkets also offers competitive spreads and commissions, but they are higher than Coinexx’s. It also charges a flat brokerage fee of $8 per trade on its investing services .
- If you are looking for a variety of account types, you may prefer ThinkMarkets, as it offers three types of accounts: Standard, Pro and VIP. Each account has different features and requirements to suit different types of traders . Coinexx also offers four types of accounts: Mini, Standard, ECN and ECN XL. However, they are more similar to each other and do not have any minimum deposit requirement.
- If you are looking for multiple deposit and withdrawal options, you may prefer ThinkMarkets, as it accepts various methods, including bank wire transfer, credit/debit card, Skrill, Neteller, PayPal and BitPay . Coinexx only accepts deposits and withdrawals in crypto currencies.
- If you are looking for a choice of trading platforms, you may prefer ThinkMarkets, as it offers three trading platforms: MetaTrader 4, MetaTrader 5 and ThinkTrader. ThinkTrader is a proprietary platform that offers an intuitive design, easy trade management, a powerful suite of analytical tools and a consistent trading experience across mobile, desktop and web . Coinexx only offers MetaTrader 4 and MetaTrader 5 as trading platforms.
- If you are looking for analytical tools and educational resources, you may prefer ThinkMarkets, as it provides a range of tools to help traders upgrade their knowledge, stay up to date with market events, analyse trends, identify opportunities and enhance their performance. These tools include trading guides, expert insights, market news, economic calendar, trading signals, market sentiment, Autochartist and VPS . Coinexx does not provide any analytical tools or educational resources to its clients.
