Coinxide has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I gave Coinxide a fair chance. After since the beginning of the year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Demo account available|Professional team|Multi-device support|Segregated accounts
Cons: Inactivity fee applies after 12 months
My card was charged twice by Coinxide on the same day. I had to dispute it with my bank. Coinxide then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Reliable uptime|Easy to use platform|Tax reports included|Regular platform improvements
Cons: Slow to add new assets
I referred a friend to Coinxide from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Multi-currency support|Smooth onboarding|Automated trading options|Risk management tools
Cons: Some tools only available on higher tiers
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Coinxide recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Detailed reporting|Personal attention|Multi-device support|Stable platform
Cons: None so far|No phone support on weekends
Customer support at Coinxide seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multi-currency support|Easy to use platform|Educational resources|Social trading features
Cons: No dark mode on mobile
After spending since last summer trying to make Coinxide 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: Risk management tools|No hidden fees|Dividend tracking|Segregated accounts
Cons: Account statements could be more detailed
The so-called education at Coinxide is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for the past six months thinking they would help me learn.
Pros: Automated trading options|Educational resources|Quick verification
Cons: No live chat on mobile
After seeing ads for Coinxide online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
For anyone considering Coinxide, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Tried to withdraw my funds from Coinxide 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