CoinPEX has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending since early this year trying to make CoinPEX work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Dividend tracking|Risk management tools|Real-time alerts|Fast deposits
Cons: Help articles are sometimes vague
I wanted to transfer my portfolio from another broker to CoinPEX. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Fast execution|Regular platform improvements|Competitive fees
Cons: Email notifications too frequent
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. CoinPEX said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Good analytical tools|Intuitive for beginners|Dedicated account manager
Cons: Live chat only during business hours
Several red flags with CoinPEX: (1) They promise unrealistically high returns, (2) They're not registered with British Columbia Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I opened an account with CoinPEX for nearly two years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Personal attention|Reliable uptime|Stable platform|Real-time alerts
Cons: No live chat on mobile
After for nearly two years with CoinPEX I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Regular updates|Tax reports included
Cons: Search feature is basic|Limited ETF selection
Where do I even begin with CoinPEX? for over three years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Automated trading options|Multi-device support
Cons: Limited cryptocurrency options|Could offer more webinars
I want to warn everyone about CoinPEX. They have been flagged by British Columbia Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Tried to withdraw my funds from CoinPEX and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive