My24 Coin Review

About My24 Coin

My24‑Coin operates under the name 24 COIN HRS LIMITED and presents itself as based in the United Kingdom with contact details including telephone number +44 1632 960881, email support@my24‑coin.com, and address “2 Albert Place, London, England, N3 1QB”; it offers WebTrader and MetaTrader 4 platforms, three account types—Starter (minimum deposit $250), Premium ($2,500), and Business ($25,000)—with maximum leverage stated up to 1:200, and spreads starting from 0.0–0.2 pips alongside inactivity fees and turnover-related charges as described on its domain my24‑coin.com ().

Spanish regulator CNMV issued a warning on 14 March 2022 that My24‑Coin is not authorised to provide investment services (). Additionally, the Bank of Russia identified My24‑Coin (also referenced as 24 COIN HRS LIMITED) and related domains (“client.my24‑coin.com”, “webtrader.my24‑coin.com”, “www.my24‑coin.com”, “my24‑coin.com”) as displaying signs of being an illegal professional securities market participant on 31 March 2022 (). No regulatory authorization could be found in the UK’s FCA, Australia’s ASIC, Cyprus’s CySEC, or US SEC/CFTC registers ().

Pros and cons

Pros

• Advertises multiple account types and supports MetaTrader 4 and WebTrader platforms ().

Cons

• No valid regulation or authorization from recognized financial authorities; warnings issued by CNMV and Bank of Russia ().
• High-risk fees: inactivity fee of 10% per month after six months inactivity; turnover requirement fees and levies, including 200× volume turnover and bonus-related restrictions ().
• Offers exceptionally high leverage (up to 1:200), exceeding limits allowed by legitimate regulators in relevant jurisdictions ().
• Reported as non-operational or suspended website as of July 2022 ().