CoinXGlobal Deposit & Withdrawal

When a broker has no independent review trail, the funding page becomes the most important page on its website. It is where the broker's promises meet the trader's money, and it is the first place where problems tend to surface. In FXCanary's assessment, CoinXGlobal (Raw Trading Ltd) is a broker that demands extra caution precisely because so little about its payment operations is independently verifiable.

Our records show that CoinXGlobal is registered in Seychelles and holds two licences on file — one from ASIC and one from CYSEC — but the status of those licences is marked as unknown, and the company description itself flags the regulatory status as a 'suspicious clone'. That means the funding arrangements you see on the broker's website may or may not be backed by the regulated entities whose names appear in the licence list. In this review, we will walk you through what is disclosed, what is not, and how to protect yourself when depositing with a broker that has no track record.

Our records for CoinXGlobal list deposit methods as '--', which means we have no verified information about which payment channels the broker accepts. The web search results did not provide any reliable clarification, and we refuse to guess. In practice, brokers registered in Seychelles typically offer a mix of bank wire, credit/debit cards, and a range of e-wallets, but we cannot confirm any of that for CoinXGlobal.

What we can tell you is that the minimum deposit for all three account types — Raw Spread (cTrader), Raw Spread, and Standard — is $200. That is a relatively low entry point, but it is not trivial. The company description also mentions a minimum deposit requirement of $300 for a live account, which conflicts with the $200 figure in our account table. That discrepancy is a red flag: it suggests either outdated information on the broker's site or a change in policy that has not been consistently applied. We advise you to treat the higher figure as the more likely requirement and to confirm directly with the broker before sending any money.

Just as with deposits, our records show withdrawal methods as '--'. There is no verified information about how you can take money out of CoinXGlobal, nor about any associated fees or processing times. This is a significant gap. A broker that does not clearly disclose its withdrawal process is a broker that invites suspicion.

In the absence of hard data, we can only offer general guidance. Reputable brokers typically process withdrawals within 1-5 business days for e-wallets and 3-10 business days for bank wires, but those are industry norms, not CoinXGlobal's promises. We strongly recommend that you ask the broker for a written statement of their withdrawal policy before depositing, and that you test the process early with a small withdrawal. If the broker is slow to respond or creates obstacles, that is your answer.

The account table gives us some concrete figures, but they relate to spreads and commissions, not to deposit or withdrawal fees. The Raw Spread (cTrader) account offers a minimum spread of 0.0 pips with a commission of $3.0 per lot, while the Raw Spread account has the same spread but a commission of $3.5. The Standard account has a minimum spread of 0.6 pips and no commission. These are trading costs, not funding costs.

We have no information about whether CoinXGlobal charges fees for deposits or withdrawals, nor about currency conversion costs. Many brokers absorb deposit fees but charge for withdrawals, especially if you request a bank wire. Others impose a fee if you withdraw before a certain trading volume. Without disclosure, you are exposed to unexpected charges. We recommend that you ask for a full fee schedule in writing and keep a copy for your records.

CoinXGlobal is registered in Seychelles, a jurisdiction known for light regulatory oversight. The two licences on file — ASIC (no. 335692) and CYSEC (no. 362/18) — are for entities that may or may not be the same as Raw Trading Ltd. The company description itself says the regulatory status is a 'suspicious clone', which means the licences may belong to a different firm that CoinXGlobal is impersonating.

If that is the case, your funds are not protected by any investor compensation scheme. ASIC and CYSEC do not cover clients of unlicensed clones. In the event of a dispute or a broker failure, you would have little recourse. This is not a theoretical risk; it is the single most important factor in our assessment. We cannot stress enough that you should verify the licence status directly with the regulators before depositing a single dollar.

Given the lack of independent reviews and the regulatory ambiguity, we recommend a conservative approach to funding. Start with the minimum deposit — $200 or $300, depending on which figure is current — and treat it as a test. Do not deposit more than you can afford to lose, and do not be tempted by the 1:500 leverage, which can amplify losses as easily as gains.

Make your first withdrawal request as soon as you have a small profit, or even before you start trading, to see if the broker honours it. Keep detailed records of every deposit and withdrawal request, including screenshots and email correspondence. If the broker delays, demands additional documents, or imposes unexpected fees, that is a warning sign. A legitimate broker will process a legitimate withdrawal without drama.

Our records flag two specific risks for CoinXGlobal: registration in an offshore jurisdiction and withdrawal complaints in approximately 50% of recent reviews. The second point is particularly alarming, even though we have no independent review record of our own. It suggests that a significant portion of traders who have dealt with this broker have had trouble getting their money out.

We also note the discrepancy between the $200 and $300 minimum deposit figures, which indicates a lack of attention to detail or a recent change that has not been communicated clearly. Combined, these factors paint a picture of a broker that may not be reliable when it comes to handling client funds. We are not saying that CoinXGlobal is a scam — our Scam Risk Score is 44/100, which is 'Guarded' — but we are saying that the risk is real and that you should proceed with extreme caution.

In FXCanary's assessment, CoinXGlobal is a broker that offers attractive trading conditions on paper — low spreads, high leverage, and multiple platforms — but the funding side is shrouded in uncertainty. With no verified deposit or withdrawal methods, no clear fee schedule, and a regulatory status that is itself questionable, the prudent move is to treat any money you send to this broker as at risk.

We cannot recommend CoinXGlobal as a safe place to store your trading capital. If you choose to proceed, do so with a small amount, test the withdrawal process early, and keep meticulous records. The onus is on the broker to prove its reliability, and until it does, the burden of caution falls on you.