SPXcoins (spxcoinp.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: spxcoinp.com.
Do not believe the bonus offer from SPXcoins (spxcoinp.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through my accountant's suggestion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Two-factor authentication|Regular platform improvements|Low minimum deposit
Cons: Onboarding videos are outdated
The platform at SPXcoins (spxcoinp.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about eight months of dealing with this, I have had enough.
Pros: Fast execution|Market news feed
Cons: Slow to add new assets
SPXcoins (spxcoinp.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Reliable uptime|Good mobile app|Multi-currency support|Transparent fees
Cons: Mobile app could be improved
The hidden fees at SPXcoins (spxcoinp.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Instant funding|Excellent charting|Stable platform|Intuitive for beginners
Cons: Slow to add new assets|Help articles are sometimes vague
KYC with SPXcoins (spxcoinp.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: No hidden fees|Copy trading available|Good analytical tools
Cons: Wish they had more educational resources
My withdrawal from SPXcoins (spxcoinp.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Tax reports included|Good analytical tools
Cons: Live chat only during business hours
I experienced a security concern with my SPXcoins (spxcoinp.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Instant funding|Quick verification
Cons: No dark mode on mobile|Limited demo account features
The platform itself is okay, but the customer service at SPXcoins (spxcoinp.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: Intuitive for beginners|Instant funding
Cons: Nothing significant