Score
MY24COIN
United Kingdom|2-5 years| https://my24coin.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
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Website
my24coin.com
Website Domain Name
my24coin.com
Server IP
104.21.59.78
Company Summary
Note: My24Coin's official website - https://my24coin.com is currently inaccessible normal.
| My24Coin Review Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex |
| Demo Account | / |
| Leverage | Up to 1:200 |
| EUR/USD Spread | Floating around 0.0-0.2 pips |
| Trading Platform | MetaTrader, Webtrader |
| Min Deposit | $250 |
| Customer Support | Tel: +441632 960881 |
| Email: support@my24coin.com | |
| Company Address: 2 Albert Place, London, England, N3 1QB | |
My24Coin, a trading name of 24 COIN HRS LIMITED, is an unregulated UK-based forex broker that offers forex trading with leverage up to 1:200 via the FxToAll and Webtrader trading platforms.
Pros and Cons
| Pros | Cons |
| Tight EUR/USD spread | Unfunctional website |
| Popular payment options | Unregulated |
| Limited tradable asset classes | |
| Wide spreads | |
| Various fees charged | |
| High minimum deposit requirement |
Is My24Coin Legit?
No, My24coin currently has no valid regulations. Please be aware of the risk!
What Can I Trade on My24Coin?
| Trading Asset | Available |
| forex | ✔ |
| commodities | ❌ |
| indices | ❌ |
| stocks | ❌ |
| cryptocurrencies | ❌ |
Leverage
The leverage is up to 1:200 on this platform. Keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can work both in your favour and against you.
Spread
The EUR/USD spread delivered by the Webtrader at MY24COIN is floating around 0.0 and 0.2 pips.
Trading Platform
MY24COIN delivers MetaTrader and Webtrader trading platforms.
However, the MT provider is FxToAll, which is known to work with numerous scam brokers. The following is the screenshot of Webtrader.
Deposit and Withdrawal
MY24COIN says to work with Credit/Debit cards, Wire Transfers and OKPay.
The minimum initial deposit requirement is said to be $250. While the minimum withdrawal is $250 for Wire Transfers ($50 transaction fee) and $100 for other methods ($25+10$ fee).
Moreover, if clients havent reached 200 in turnover, they should pay another 10%.
Bonuses and Fees
MY24COIN claims to offer some bonuses. However, the bonus can only be withdrawn when a minimum trading volume of 30 times the bonus plus the deposit is achieved.
The broker also charges an inactivity fee. An account becomes dormant after 6 months of inactivity and will be charged 10% of the balance per month.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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