Qoinix (qoinix.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: qoinix.com.
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. Qoinix (qoinix.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: No hidden fees|Helpful community forum|Social trading features
Cons: Limited social trading features
I trusted Qoinix (qoinix.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Instant funding|Responsive team|Great customer service
Cons: Alert system is basic
Qoinix (qoinix.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Excellent charting|High security standards
Cons: Onboarding videos are outdated|Nothing significant
I referred a friend to Qoinix (qoinix.com) through word of mouth in my investment club. 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: Social trading features|Competitive fees|Copy trading available
Cons: Limited social trading features
My withdrawal request from Qoinix (qoinix.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Excellent charting|Personal attention|Risk management tools|Helpful community forum
Cons: Limited ETF selection
The mobile app from Qoinix (qoinix.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Smooth onboarding|Clear documentation
Cons: Limited social trading features|Limited cryptocurrency options
KYC with Qoinix (qoinix.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good mobile app|Reliable uptime|Stable platform|Wide product range
Cons: Spreads widen during volatile periods|No integrated tax optimization
The only good thing about Qoinix (qoinix.com) is that they remind you why regulation matters. I found them after comparing multiple platforms. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Educational resources|Transparent fees|Responsive team|Fast execution
Cons: Account statements could be more detailed
After since I opened my account last year with Qoinix (qoinix.com) 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: Good analytical tools|Professional team|Transparent fees
Cons: Nothing significant