My24Coin Broker Review

My24Coin Broker Review – Proven Facts That My24Coin.com Is A Scam

Despite My24Coin’s claims of being regulated and based in the UK, the reality is slightly different. Unfortunately, many new companies think they can get away with adding false numbers to their websites or not being regulated.

Here is our honest review of My24Coin! First, read our unbiased reviews of AdroFX, InstaForex, and Tomahawk to improve your trading knowledge.

1. Scam Broker Status: Unregulated
2. Licensed by: Unlicensed company (no license)
3. Websites of scammers: My24Coin.com
4. Forex Trading Scam: Active
5. Scam listed by: N/A
6. Owner of the broker: 24 COIN HRS LIMITED
7. Country of headquarters: United Kingdom
8. Year of foundation: 2020
9. Trading platforms: WebTrader
10. Trading via mobile browser is the only option.
11. A $250 deposit is required.
12. Bonus on deposits: 10-30%
13. Trading Crypto Assets: BTC, XRP, ETH (4 currencies)
14. CFD Trading Option: Yes, CFDs can be traded
15. A wide range of trading instruments is available: Forex (FX), commodities, indices, shares, and cryptocurrencies.
16. Leverage maximum: 1:200
17. Not available for Islamic accounts
18. Free Demo Account: No, only live accounts are available
19. US traders are not accepted: US traders are not accepted.
20. Global Fraud Protection Experts Verdict: Stay away from this scam broker!

My24Coin Regulation – No Regulatory Approval

The company that owns My24Coin is 24 COIN HRS LIMITED, allegedly based in the UK. Only one similar-named UK company, 24 HOURS COINS LTD, is registered to manage funds and unapproved by the FCA. 

The forex brokerage My24Coin, however, added regulation from Learn. However, it appears to be a fictitious website since it is not functioning. This regulator does not exist, and all those registered in the UK must obtain a license from the FCA.

What’s Wrong With My24Coin License?

My24Coin doesn’t have regulations, as explained previously. The FCA, ASIC, BaFin, and more have all been searched, but nothing has been found. You are dealing with a fraudulent scheme that cannot guarantee the safety of your money.

Negative My24Coin Reviews – Stay Away From Trading Scam

After reviewing My24Coin reviews and determining whether the broker is legit, we discovered that clients often complain about withdrawal issues. They also complain that their account managers pressure them to invest more money almost every day.

You will be told that you will never get your funds back if you don’t add more money to your account. 

You are welcome to share your experience if you encounter something similar. If you decide to invest in HND Global Limited, SuplexDeals or HugosWay brokers, think twice before taking any risks.

My24Coin Bonus – Another Scam Scheme

My24Coin offers several types of bonuses, as mentioned above. Those who transfer funds from another broker are entitled to receive up to 30% of compensation, while those who bring friends are eligible for a bonus of 10-20%.

The only problem is that terms such as “non-withdrawal clauses” prevent withdrawals until you reach a rollover and pay off your bonus.

What to Do If My24Coin Broker has scammed you?

Please let me know if you have been a victim of the My24Coin scam. Global Fraud Protection has helped some people recover their funds from fraudulent brokers. You can reach us to hear your story and find a refund solution that works for you.

We offer free consultations and money-back guarantees via online chat!