Coinex Digital claims to offer a variety of financial product trading services, including Bitcoin investments, forex and CFD trading, and stock market predictions. Despite its claims of providing comprehensive trading services and support, Coinex Digital lacks transparency in its corporate background and regulatory information, which should prompt investors to be cautious.
Coinex Digital Corporate Background:
The official website of Coinex Digital is https://coinxdigital.cc/. The domain name of Coinex Digital was registered on September 5, 2023. The official website claims that its operation address is located at 60a Station Road, North Harrow, England, HA2 7SL. However, upon inquiry, we were unable to find any registration information related to this enterprise in the UK Companies House. This lack of transparency raises questions about the platform's legitimacy and credibility, warranting caution for investors considering using the platform.
Coinex Digital Regulatory Information:
Coinex Digital claims to be operated by COINEX DIGITAL / COINEXDIGITALSYSTEM / coinxdigital.cc but is not authorized or regulated by the UK Financial Conduct Authority (FCA). The platform has been blacklisted by the FCA for offering financial product services without authorization. This false advertisement and lack of regulatory information not only damage its reputation but also pose potential risks to investors. It is advisable for investors to steer clear of the platform to avoid unnecessary financial losses.
Coinex Digital Account Registration Process:
The steps to register an account on Coinex Digital are as follows:
- Log in to the Coinex Digital website and click the register button.
- Fill out the application form, providing necessary personal information.
- Submit identity verification documents and phone number verification documents.
- You can start trading after making a deposit.
Although the registration process seems simple, investors should carefully consider the associated risks given the lack of transparent corporate background and regulatory information.
Coinex Digital Account Types:
Coinex Digital offers four main account types:
BASIC PLAN
- Minimum deposit: $100
- Maximum deposit: $5000
- Referral commission: 2%
- Profit: 3%
CORPORATE PLAN
- Minimum deposit: $5000
- Maximum deposit: $50000
- Referral commission: 2%
- Profit: 5%
STANDARD PLAN
- Minimum deposit: $30000
- Maximum deposit: $100000
- Referral commission: 2%
- Profit: 15%
SHAREHOLDERS PLAN
- Minimum deposit: $50000
- Maximum deposit: $1000000000
- Referral commission: 2%
- Profit: 30%
These account types offer different investment thresholds and return rates. Investors need to carefully assess the authenticity and risks of these plans.
Coinex Digital Trading Software:
Coinex Digital supports MetaTrader 4 (MT4) as its primary trading platform. MT4 is widely popular among traders worldwide for its powerful features and user-friendly interface. It offers a rich array of technical analysis tools and automated trading features, enabling traders to make efficient trading decisions.
Coinex Digital Trading Products:
Trading products offered by Coinex Digital include:
- Bitcoin Investment: Focusing on investment opportunities in the cryptocurrency market.
- Forex and CFD Trading: Covering major and minor currency pairs, as well as other financial derivatives.
- Stock Market Predictions: Providing analysis and prediction services for global stock markets.
Although these products offer a variety of options to investors, the lack of detailed product information should prompt caution in the evaluation process.
What are the Spreads, Leverage, and Commissions of Coinex Digital?
Coinex Digital's official website does not provide detailed information on spreads, trading leverage, commissions, minimum/maximum trading volume, maximum position/order volume, margin call/stop-out levels, minimum price precision, or contract sizes. This information is crucial for investors when choosing a trading platform; the lack of it may lead to non-transparent trading costs, thus affecting investment decisions.
What are the Deposit and Withdrawal Methods of Coinex Digital?
Coinex Digital's official website does not specifically detail its deposit and withdrawal methods. Typically, trading platforms offer a variety of common payment methods, including bank transfers, credit cards, and e-wallets. Investors should carefully verify the security and fees of each method before conducting transactions.
Coinex Digital Customer Support:
The contact information for customer support provided by Coinex Digital is as follows:
- Email: support@coinxdigital.cc
Although basic email support is provided, customers may need more support channels, such as live chat or phone support, to receive more timely assistance and solutions.
Conclusion:
Coinex Digital exhibits severe transparency issues in its corporate background and regulatory information, increasing the risk for investors. Currently, Coinex Digital is listed as "Suspected Fraud" on TraderKnows.
