Quinnix is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Quinnix accepts clients from all over the world, excluding USA, Canada, European Economic Area (EEA), Russia, Israel, Japan and some other countries where FX&CFD trading imposed with restrictions.
Forex broker offers the following underlying assets for trading.
|40+ Currency Pairs||Based on major and minor world currencies.|
|6 Crypto Pairs||Based on Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Dash.|
|3 Indice CFDs||Based on baskets of different blue-chip stocks.|
|4 Metal CFDs||Based on Gold, Silver, Platinum and Palladium.|
|2 Energy CFDs||Based on Crude Oil (WTI, Brent).|
Quinnix is a fairly new offshore-registered forex broker established in 2021. The broker is not regulated by any government, and therefore allows things like extremely high trading leverage, as well as account funding with crypto.
Quinnix has a strong presence in Thailand, but is officially registered in Saint Vincent and the Grenadines, a popular offshore jurisdiction for forex brokers in the Caribbean.
One important thing to note about Quinnix is that this broker, unlike most other brokers we have reviewed, does not accept clients from any EU or EEA country. In addition to that, the broker also does not accept clients from the US, Canada, Japan, Russia, as well as some other countries where regulations prevent it from offering its services.
What distinguishes Quinnix the most from other forex brokers is perhaps the unique social trading features that this broker offers. At the center of this is a dedicated social trading platform developed especially for Quinnix. Like most social trading platforms, Quinnix’s platform allows traders to copy each others’ trades, and experienced traders can earn extra income by sharing their trades with others.
Aside from the dedicated social platform, Quinnix also supports trading on the popular MetaTrader 4 (MT4) platform. This platform is available for PC and Mac computers, as well as on web and on Apple and Android mobile devices. Notably, MT4 remains one of the most popular trading platforms among retail forex traders to this day, despite the platform being released all the way back in 2005.
The instruments offered by Quinnix include about 70 forex pairs, a handful of cryptocurrency pairs, as well as precious metals, energy commodities, and a few large stock indices.
All of the instruments can be traded on either one of the four trading accounts Quinnix offers:
– Classic Account, with spreads from 1.2 pips and no commissions
– Pro Account, with spreads from 0.3 pips and commissions of $8 per lot
– VIP Account with spreads from 0.3 pips and commissions of $6 per lot
– Cent Account with spreads from 1.2 pips and no commissions
Among these account types, the VIP Account is the only one that is difficult to qualify for given the minimum deposit requirement of $10,000. All of the other account types can be opened for a minimum deposit of just $10.
All trading accounts can be funded by making a bank transfer, or by sending either Bitcoin (BTC) or the stablecoin Tether (USDT). The usual range of funding methods among forex brokers, which normally includes things like Skrill, Neteller or various credit cards, is in other words missing.
In conclusion, it’s important to stress once again that Quinnix is an unregulated forex broker registered in an offshore jurisdiction. This could lead to certain problems in case anything ever happens with the broker, such as a bankruptcy, given the unclear and often lacking rules that the broker operates under.
However, it’s worth noting that the lack of regulation is also the primary reason for why Quinnix could be an attractive broker to some, with its ultra-high 1:1,000 trading leverage and ability to fund accounts with crypto.