MY24COIN Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-30 16:42

Abstract：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.

　　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 However, the bonus can only be withdrawn when a minimum trading volume of 30 times the bonus plus the deposit is achieved.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.