SPXCoins (spxcoing.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: www.spxcoing.com.
The platform itself is okay, but the customer service at SPXCoins (spxcoing.com); is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Economic calendar|Multi-device support
Cons: No dark mode on mobile|Inactivity fee applies after 12 months
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. SPXCoins (spxcoing.com); recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Full transparency|Educational resources
Cons: No crypto staking
SPXCoins (spxcoing.com); offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Real-time alerts|Two-factor authentication|Intuitive for beginners|Automated trading options
Cons: Mobile app could be improved
SPXCoins (spxcoing.com); locked my account without warning and demanded documents I had already submitted. for close to eighteen months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast deposits|Personal attention|Helpful community forum|Professional team
Cons: Wish they had more educational resources|Limited demo account features
Opened my account with SPXCoins (spxcoing.com); based on a colleague's recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Tax reports included|Regular platform improvements|Clear documentation|Segregated accounts
Cons: Slow to add new assets