Reviewed by
Shaun David
Shaun David
Regulation • Trading Algorithms • Market Analysis
I’m extremely passionate about the financial markets and working with innovative technology that makes trading better and safer. Since joining the CleaRank team, my primary role is working with real-time broker performance data using the CLEAR™ technology and broker evaluation methodology. I investigate brokers by testing their platforms and uncovering hidden risks and costs. My end goal is to level the playing field for traders and With an extensive background in market analysis and algorithmic trading, I’m qualified to find what matters most to traders.
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Last fact check on June 5, 2026 by
Michelle Sofia
Michelle Sofia
Compliance Analyst • Editorial Review
Michelle is the financial content architect and SEO market analyst at CleaRank, and the final editorial reviewer on every CleaRank publication. With a background in financial journalism and fintech reporting, she fact-checks each broker investigation for accuracy before it goes live.
Coinexx Review 2026
Coinexx is an offshore foreign-exchange and CFD broker currently operating as COINEXX LTD from a registered address in Fomboni, Comoros. The Coinexx brand has shifted jurisdictions over its lifetime: an earlier Saint Vincent and the Grenadines registration sat behind the original consumer-facing entity, a UK shell company (Coinexx Limited, SC596765, incorporated October 2018) has since been struck off, and the current corporate stamp is on a Comoros mailing address. None of these jurisdictions issue a real retail forex licence, and Coinexx holds no Tier-1 authorisation from the FCA, ASIC, CySEC, BaFin, the SEC or the CFTC.
Two public regulator records frame everything that follows. The United States Commodity Futures Trading Commission added Coinexx to its Registration Deficient (RED) List on 16 July 2020 for soliciting and accepting funds from US customers while acting in a capacity that appears to require registration. The UK Financial Conduct Authority added Coinexx to its Warning List on 20 November 2023, stating the firm is not authorised by the FCA, may be targeting people in the UK, and clients have no protection from the Financial Services Compensation Scheme.
Our CLEAR investigation gave Coinexx a Failed score of 0.25 / 5, placing it in the severe-risk band alongside MTrading and Plexytrade. The most measurable concern is the most direct: Ahrefs data from 31 May 2026 shows the United States accounts for 3,412 of Coinexx’s 4,465 monthly organic visits, 76 percent of all traffic, despite Coinexx itself listing the United States as a restricted jurisdiction. Verify any broker’s current risk status using the CLEARCheck Broker Risk Scanner.
Failed CLEAR™ Score: 0.2/5
Two Tier-1 Authorities Have Coinexx On Public Record
Two public regulator filings define the compliance ceiling for any conversation about Coinexx. Both are primary-source documents, both name the brand directly, and both remain on file as of 2026.
CFTC RED List, 16 July 2020
The CFTC RED List is the United States Commodity Futures Trading Commission’s public list of foreign entities soliciting US customers without registration. The Coinexx entry was added 16 July 2020. The CFTC names the entity as Coinexx, gives the website on file as https://www.coinexx.com/, lists the type of offering as Over-the-Counter Foreign Exchange Trading, and states that the firm appears to require CFTC registration and is not registered. Six years on, the entry has not been removed.
FCA UK Warning List, 20 November 2023
The FCA Warning List entry for Coinexx was first published on 20 November 2023. The FCA address on file is a UK mailbox (60a Station Road, North Harrow, HA2 7SL) paired with a US-area-code phone number. The FCA states: this firm is not authorised by us and may be targeting people in the UK. Dealing with an unauthorised firm means no recourse to the Financial Ombudsman Service and no protection from the Financial Services Compensation Scheme.
Corporate Stack: Three Jurisdictions, One Brand
The corporate paperwork behind the Coinexx brand has moved through three jurisdictions. Historical reviews place the original Coinexx Ltd entity in Saint Vincent and the Grenadines, where the SVG Financial Services Authority publicly states it does not regulate forex or CFD brokers. A separate UK shell, Coinexx Limited, was incorporated on 1 October 2018 under company number SC596765 and has since been struck off. The current consumer-facing entity, COINEXX LTD, lists its address as P.B. 1257 Bonov-Road, Fomboni, Comoros. Comoros also has no national retail forex regulator.
The Coinexx corporate shell map
Three jurisdictional layers behind one consumer brand. CFTC RED-listed since 2020, FCA warning-listed since November 2023, no Tier-1 licence anywhere.
An SVG original, a deregistered UK shell, and a Comoros operating entity stacked behind one consumer-facing brand.
Coinexx Ltd (historical)
Original consumer-facing registration. The SVG FSA publicly states it does not regulate forex or CFD brokers.
No real licenceCoinexx Limited
UK shell company incorporated 1 October 2018. Status: deregistered. The FCA warning still cites a North Harrow UK address tied to this filing.
Struck offCOINEXX LTD
Current consumer-facing entity. P.B. 1257 Bonov-Road, Fomboni. Comoros has no national retail forex regulator.
No real licence+1 929 645 1115
US phone number listed on the FCA warning entry. Pairs with a UK mailing address and a Comoros corporate entity. Standard mailbox / non-physical setup.
Drop numberRetail traders in restricted jurisdictions
Despite a stated US restriction, the United States accounts for 76 percent of all Coinexx organic traffic per Ahrefs (May 2026). Other Tier-1 regulator jurisdictions also routinely served.
Ahrefs Audit: 76 Percent of Coinexx Traffic Comes From the United States
Live data from the Ahrefs API for coinexx.com on 31 May 2026: Domain Rating 47 (Ahrefs Rank 849,385), 5,917 live backlinks across 531 referring domains, 31 ranking organic keywords with 20 in the top three positions, 4,465 organic monthly visits valued at $17,191 per month, and a marginal 19 paid Google Ads visits. The combined monthly reach is 4,484 visits across 144 countries, and the geographic distribution is the point.
Country breakdown of those 4,465 organic monthly visits: United States 3,412 (CFTC RED-listed), India 172 (SEBI restrictions), United Kingdom 160 (FCA Warning-listed), Canada 155 (CSA unregistered), Germany 89 (BaFin and ESMA ban), Australia 49 (ASIC 1:30 leverage cap), France 43 (AMF retail forex ban), Singapore 34 (MAS unauthorised), Netherlands 27 (AFM ban), Brazil 23, the United Arab Emirates 18, Mexico 15, Spain 13. Twelve of the top thirteen sources are jurisdictions where Coinexx is either explicitly warning-listed or where local rules would not permit Coinexx to onboard retail clients.
The Smoking Gun: US Restriction vs. US Traffic Share
Coinexx publicly restricts US residents from opening accounts. The WikiFX dealer record names the United States first in Coinexx’s stated Regional Restrictions. Yet 76 percent of all Coinexx organic search traffic in May 2026 came from the United States. The CFTC RED List entry from July 2020 documents the regulator’s own conclusion that this pattern reflects unregistered solicitation of US customers. The contradiction is direct, recent, and measurable.
Payment Rails: Crypto Only, No Chargeback Path
Coinexx accepts deposits in Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and USDT. There is no Visa, no Mastercard, no SEPA, no Faster Payments, and no domestic bank rail in any major jurisdiction. That single design choice is structural: crypto deposits remove the Visa or Mastercard chargeback mechanism that lets a retail client recover funds. Combined with a $10 minimum deposit and 1:500 leverage, the rail architecture is built to onboard quickly and to make recovery difficult.
Customer Complaints: Withdrawal-Block Reports Across Independent Forums
The complaint record on Coinexx is documented across Forex Peace Army, WikiFX, and Trustpilot. The pattern across the three is consistent: Forex Peace Army threads name multiple cases of withdrawal blocks including one for $80,913 (abandoned) and one for $29,000 (Singapore user, blocked since 2024). WikiFX exposures from April and May 2025 cite UK and Singapore clients with multi-month frozen balances. WikiFX rates Coinexx 2.33 out of 10 with a public banner stating the score has been lowered because of unresolved client complaints. Trustpilot carries a 4.9 out of 5 average from 2,092 reviews but Trustpilot itself displays a banner stating the company may be associated with high-risk investments, and the 5-star review pattern of every positive review naming a specific support representative matches the structural fingerprint of incentivised review programs.
Action Steps If You Are Already a Coinexx Customer
Stop depositing immediately. Do not add another cent regardless of any bonus or recovery promise.
Preserve every record. Save deposit transaction hashes, MetaTrader account statements, chat logs, KYC submissions, every email and every screenshot.
File a chargeback fast if you deposited by Visa or Mastercard. The dispute window is typically 120 to 180 days from the deposit date.
Report the firm. UK: FCA Report an unauthorised firm. US: CFTC SmartCheck. Canada: Ontario Securities Commission. EU: your national regulator and ESMA.
Avoid recovery offers. Anyone offering guaranteed fund recovery for an up-front fee is a second-layer concern. Legitimate chargeback and regulator-complaint paths do not require an up-front fee.
Our Verdict for Coinexx
Coinexx’s 0.25 / 5 CLEAR Score reflects an operator that has industrialised the offshore unregulated CFD model. CFTC RED List entry since July 2020. FCA UK Warning List entry since November 2023. Corporate stack moved from Saint Vincent to a deregistered UK shell to a Comoros mailing address. Crypto-only deposits with no chargeback path. 1:500 leverage with a $10 minimum deposit and no KYC barrier. WikiFX 2.33 out of 10 with a public unresolved-complaints banner. Three independent forums carrying documented withdrawal-block reports with named dollar amounts.
Avoid Coinexx. For real ECN execution under a Tier-1 regulator, use a CLEAR-certified broker such as IC Markets (ASIC), Fusion Markets (ASIC), or Darwinex (FCA). Verify any broker through the CleaRank Broker Risk Scanner before depositing.
Coinexx FAQs
Disclaimer: This review documents the regulatory and compliance risks of an unregulated broker and is not financial advice. Always verify a broker’s licenses and seek professional guidance before trading.
Shaun David
I’ve spent majority of my life studying finance and building a successful career from analyzing market trends to spotting successful early adoptions in the crypto industry, and I’ve come to realize I’m not purely analyzing numbers, but the psychology and sentiment of the crowd. As one of CleaRank’s earliest team members I take a hands on approach and personally test brokers by opening real money accounts, executing trades, and stress testing their customer service. Throughout my career I’ve built trading algorithms, managed long term investment portfolios, and helped traders avoid shady brokers before they even knew they were at risk. Whether it’s uncovering hidden fees, evaluating regulatory loopholes, or optimizing trading strategies, I live and breathe the financial markets.