Weex Coin 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.
Customer support at Weex Coin 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-device support|Good mobile app|Comprehensive tools
Cons: Desktop app not available on Linux|Nothing significant
I requested my data from Weex Coin under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Fast deposits|Low minimum deposit|Good mobile app
Cons: No phone support on weekends
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. Weex Coin said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Portfolio tracking tools|Educational resources
Cons: Nothing significant
I joined Weex Coin through a forum discussion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Fast execution|Regular platform improvements
Cons: Spreads widen during volatile periods|Email notifications too frequent
Tried to withdraw my funds from Weex Coin 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: Blocked my account|No legitimate license|Fake returns
The mobile app from Weex Coin 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: Regular platform improvements|Quick verification|Personal attention
Cons: Help articles are sometimes vague
The spread at Weex Coin is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.
Pros: Smooth onboarding|Tax reports included|Multi-device support
Cons: Search feature is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Weex Coin recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: No hidden fees|Good analytical tools|Demo account available|Easy withdrawals
Cons: Alert system is basic
I wanted to transfer my portfolio from another broker to Weex Coin. 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: Smooth onboarding|High security standards
Cons: No phone support on weekends|Inactivity fee applies after 12 months
Do not use Weex Coin for anything serious. I used them for about eight months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Multi-currency support|Instant funding|Market news feed|High security standards
Cons: No crypto staking