OH JY Coin Forex Broker

Note: OH JY Coin's official website - https://ohjycoin.com is currently inaccessible normally.OH JY CoinReview SummaryFounded2024Registered Country/RegionGermanyRegulationNo regulationMarket InstrumentsCurrencies, metals, commodities, stocks, cryptocurrenciesDemo Account/LeverageUp to 1:100EUR/USD SpreadFrom 0.4 pipsTrading PlatformWeb-basedMin Deposit$1 000Customer SupportEmail: support@ohjycoin.comAddress: Köpenicker Str. 65, 10179 Berlin OH JY Coin is a financial company based in Germany. It uses its own web-based trading platform, and it offers 3 types of accounts, of which the minimum deposit is up to $1 000. What's more, this company is not regulated, and the potential risks are high.Pros and ConsPros Cons Various trading asset classesInaccessible websiteMultiple account typesLack of regulationFCA warningNo MT4 or MT5High minimum depositLimited payment optionsIs OH JY Coin Legit? No, OH JY Coin is not regulated. Moreover, FCA issued a warning notice about this company.What Can I Trade on OH JY Coin? OH JY Coin provides a number of trading products, including currencies, metals, commodities, stocks, and cryptocurrencies.Tradable Instruments Supported Currencies✔Metals✔Cmmodities✔Stocks✔Cryptocurrencies✔Indices❌Bonds❌Options❌ETFs❌Account Type OH JY Coin offers 3 types of accounts, including Beginner, Trader, and Investor. However, it does not mention whether demo accounts are available or not.Account TypeMin DepositBeginner $1,000Trader $25,000Investor$50,000Leverage The leverage can be up to 1:100, which is relatively low. However, customers still need to consider carefully and be aware that high leverage may bring high risks.Account TypeMax LeverageBeginner 1:20Trader 1:50Investor1:100Trading Platform OH JY Coin uses its own web-based trading platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forWeb Trader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal OH JY Coin supports 2 types of deposit options, including Bitcoin and Tether. However, other details such as the withdrawal options, the processing time, and fees, are not clear.