Founded in 2016, Coinexx offers a wide range of products.
Established in 2007, IC Markets has over 17 years of experience.
Coinexx is a member of the Swiss Financial Market Supervisory Authority (FINMA).
IC Markets is regulated by the Financial Conduct Authority (FCA) in the UK and CySEC in Cyprus.
Coinexx offers over 400 payment options.
IC Markets supports over 24 major currencies.
Coinexx offers free standard shipping to most countries.
IC Markets provides trading platforms for spread providers.
Coinexx vs IC Markets: A Personal Experience
As a trader, I’ve had my fair share of experiences with various forex brokers. Two brokers that caught my attention were Coinexx and IC Markets. Both have their strengths and weaknesses, and in this article, I’ll share my personal experience with these two brokers.
Why I Chose Coinexx and IC Markets
I chose Coinexx and IC Markets because they both offer competitive spreads, various trading instruments, and user-friendly platforms. As a trader, I’m always on the lookout for brokers that can provide me with the best possible trading experience.
Coinexx: My Initial Experience
I started with Coinexx, and my initial experience was quite impressive. The platform was user-friendly, and the sign-up process was quick and easy. I was up and running within minutes.
Coinexx Pros:
Competitive spreads
Variety of trading instruments
MT4 and MT5 compatibility
User-friendly platform
However, as I delved deeper into the platform, I noticed a few drawbacks. The customer support was slow to respond, and the platform lacked some advanced features that I was used to.
IC Markets: A Better Alternative?
This led me to explore other options, and that’s when I stumbled upon IC Markets. I was impressed by their reputation and the number of trading instruments they offered.
IC Markets Pros:
Tight spreads competitive with Coinexx
Large number of trading instruments
Advanced features including VPS hosting and API trading
Fast and responsive customer support
The platform was also more customizable, allowing me to tailor my trading experience to my needs.
Comparison Table: Coinexx vs IC Markets
Feature
Coinexx
IC Markets
Spreads
Competitive
Tight and competitive
Trading Instruments
Various options
Large number of options
Platform
User-friendly
Customizable and advanced features
Customer Support
Slow to respond
Fast and responsive
My Verdict: IC Markets Wins
Based on my personal experience, I would recommend IC Markets over Coinexx. While both brokers have their strengths, IC Markets offers a more comprehensive trading experience. The tight spreads, advanced features, and fast customer support make it a better choice for traders.
What You Should Consider
Before making a decision, consider the following:
Trading style: If you’re a scalper or day trader, IC Markets might be a better fit. If you’re a swing trader or position trader, Coinexx might be sufficient.
Risk management: Both brokers offer risk management tools, but IC Markets has more advanced features.
Customer support: If you value fast and responsive customer support, IC Markets is the clear winner.
Final Thoughts
When choosing a broker, it’s crucial to weigh the pros and cons of each option. As a trader, you deserve a broker that can provide you with the best possible trading experience. I hope my personal experience with Coinexx and IC Markets has given you valuable insights to make an informed decision.
Frequently Asked Questions:
Coinexx vs IC Markets: FAQs
Below are some frequently asked questions about Coinexx and IC Markets, two popular online trading platforms. Read on to learn more about their features, fees, and benefits.
Account Types
Q: What types of accounts do Coinexx and IC Markets offer? A: Coinexx offers a single account type with a minimum deposit of $100, while IC Markets offers three account types: Standard, Raw Spread, and Islamic Account, with a minimum deposit of $200 for the Standard Account.
Fees and Commissions
Q: Which platform has lower fees? A: IC Markets is known for its competitive fees, with spreads starting from 0.0 pips on the Raw Spread account. Coinexx also offers competitive fees, but its spreads are generally higher than IC Markets.
Q: Do both platforms charge commissions? A: IC Markets charges a commission of $3.50 per lot per side on the Raw Spread account, while Coinexx does not charge commissions on trades.
Trading Instruments
Q: What instruments can I trade on Coinexx and IC Markets? A: Both platforms offer a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. However, IC Markets offers a wider range of instruments, including shares and futures.
Leverage and Margin
Q: What is the maximum leverage offered by Coinexx and IC Markets? A: Coinexx offers a maximum leverage of 1:500, while IC Markets offers a maximum leverage of 1:500 for forex and 1:200 for other instruments.
Q: How do the platforms handle margin calls? A: Both platforms have a similar margin call policy, where positions are automatically closed when the margin level falls below a certain threshold.
Regulation and Security
Q: Are Coinexx and IC Markets regulated? A: Yes, both platforms are regulated by reputable authorities: Coinexx is regulated by the St. Vincent and the Grenadines Financial Services Authority, while IC Markets is regulated by the Australian Securities and Investments Commission (ASIC).
Q: How do the platforms protect my personal and financial data? A: Both platforms use SSL encryption, firewalls, and other security measures to protect client data. They also segregate client funds from company funds to ensure safety.
Customer Support
Q: What kind of customer support do Coinexx and IC Markets offer? A: Both platforms offer 24/7 customer support through multiple channels, including email, phone, and live chat. IC Markets also offers a comprehensive FAQ section and educational resources.
Conclusion
Q: Which platform is best for me? A: The choice between Coinexx and IC Markets depends on your individual trading needs and preferences. If you prioritize competitive fees and a wider range of instruments, IC Markets may be the better choice. If you prefer a simpler account structure and no commissions, Coinexx may be the way to go.
Remember to always research and compare the features and benefits of each platform before making a decision.
Unlock Your Trading Potential with Coinexx vs ICMARKETS: A Personal Summary
As a trader, I’ve had my fair share of ups and downs on the markets. But over the years, I’ve come to realize that the right tools and strategies can make all the difference in improving my trading abilities and increasing my profits. In this summary, I’ll share my personal experience and insights on how using Coinexx vs ICMARKETS can elevate your trading game.
