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MY24COIN

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://my24coin.com

Website

Rating Index

Contact

+441632 960881
support@my24coin.com
https://my24coin.com
2 Albert Place, London, England, N3 1QB

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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MY24COIN · Company Summary

Note: MY24COIN is to operate via the website - https://my24coin.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument forex currency pairs
Account Type N/A
Demo Account N/A
Maximum Leverage 1:200
Spread (EUR/USD) Floating around 0.0 - 0.2 pips
Commission N/A
Trading Platform MetaTrader & Webtrader
Minimum Deposit $250
Deposit & Withdrawal Method Credit/Debit cards, Wire Transfers and OKPay

MY24COIN, a trading name of 24 COIN HRS LIMITED, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with leverage up to 1:200 and floating spreads from 0.0 pips on the MetaTrader and Webtrader trading platforms.

As for regulation, it has been verified that MY24COIN currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.24/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

MY24COIN advertises that it is a forex broker that mainly offers forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.

Leverage

The maximum leverage provided by MY24COIN is capped at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

The EUR/USD spread delivered by the Webtrader at MY24COIN is floating around 0.0 and 0.2 pips.

Trading Platform Available

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.

Trading Platform Available

Deposit & 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%.

Bonus & 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.

 Fees

Customer Support

MY24COINs customer support can be reached by telephone: +441632 960881, email: support@my24coin.com. Company address: 2 Albert Place, London, England, N3 1QB.

Pros & Cons

Pros Cons
• Competitive EUR/USD spreads (0.0-0.2 pips) • No regulation
• Website inaccessible
• High minimum initial deposit ($250)

Frequently Asked Questions (FAQs)

Q 1: Is MY24COIN regulated?
A 1: No. It has been verified that MY24COIN currently has no valid regulation.
Q 2: Does MY24COIN offer the industry-standard MT4 & MT5?
A 2: Yes. MY24COIN supports MetaTrader and Webtrader.
Q 3: What is the minimum deposit for MY24COIN
A 3: The minimum initial deposit with MY24COIN is $250.
Q 4: Does MY24COIN charge a fee?
A 4: Like every forex broker, MY24COIN charges a spread fee. It also charges some withdrawal fees.
Q 5: Is MY24COIN a good broker for beginners?
A 5: No. MY24COIN is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit requirement.

Broker Information

Company Name

24 COIN HRS LIMITED

Company Abbreviation

MY24COIN

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +441632 960881

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Company address
  • 2 Albert Place, London, England, N3 1QB

Linkedin

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Customer Service Email Address
  • support@my24coin.com

Company Summary

User Reviews

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A银行融资贷款付靖豪
more than one year
Absolute lies and a big scam. These guys will just steal your money everything they say are all lies and it will cost you everything does not listen to a thing on there the first site they send you to will take your coin and you will never see it again. These guys who run the site should be in jail! Stay out!!!
2023-03-23 11:24
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