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Coinexx Exposed 2025: Offshore Crypto Broker with Withdrawal Scams & Fake Transparency
Coinexx presents itself as a “revolutionary crypto-forex broker,” combining traditional trading with blockchain technology. But investigations by ScamBrokersReview.com show the opposite — Coinexx is an unregulated offshore broker notorious for frozen withdrawals and anonymous operations.
🏛️ 1. Company Overview
Coinexx is operated by Coinexx Capital Markets Ltd, incorporated in Seychelles and St. Vincent and the Grenadines — both known for hosting scam brokers.
The company is not listed under any major financial regulator (FCA, ASIC, or CySEC).
In other words, Coinexx has zero legal authority to provide trading services.
⚠️ 2. Red Flags & Illicit Structure
- WikiFX: 1.5 / 10 — High-risk, unregulated offshore broker.
- Traders Union: Labels Coinexx “unverified and opaque.”
- Trustpilot: Filled with withdrawal complaints and blocked accounts.
Coinexx only accepts crypto payments, which makes it impossible for victims to recover funds through chargebacks or banks.
This payment model is a hallmark of offshore financial scams.
💸 3. Trader Complaints
Users consistently report:
- Withdrawals pending for weeks.
- Accounts suspended after profits.
- “Tax fee” demands before release of funds.
- Emails ignored after payment confirmations.
A verified complaint on Forex Peace Army reads:
“After I made profit, Coinexx froze my account and told me to pay 20% withdrawal tax. Once I paid, they deleted my profile.”
🌍 4. Offshore Operations = No Regulation
Operating from Seychelles and SVG allows Coinexx to:
- Avoid financial audits.
- Operate without segregating client funds.
- Block accounts with no oversight.
If Coinexx vanishes tomorrow, your money is gone forever.
📊 5. Comparison: Coinexx vs Regulated Brokers
| Feature | Regulated Broker | Coinexx |
|---|---|---|
| Regulation | FCA, ASIC, CySEC | None |
| Payment | Bank / Card | Crypto only |
| Investor Protection | Yes | No |
| Transparency | High | None |
| Withdrawals | Reliable | Blocked |
🧠 6. What Victims Should Do
- Stop sending crypto immediately.
- Save your wallet hashes and all chat/email logs.
- Report Coinexx’s wallet addresses to your exchange.
- Publish your case on Trustpilot and Forex Peace Army.
- Read our recovery guide: How to Recover Funds from Scam Brokers.
✅ 7. Final Verdict
Coinexx operates with zero regulation, fake transparency, and full anonymity.
Its all-crypto payment model is designed to eliminate user protection and accountability.
Verdict: Coinexx is a crypto scam broker exploiting offshore loopholes. Avoid completely
