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No Regulation
Score
1.33 /10
Danger
OH JY Coin
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index5.62
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
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
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: OH JY Coin's official website - https://ohjycoin.com is currently inaccessible normally.
| OH JY CoinReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Germany |
| Regulation | No regulation |
| Market Instruments | Currencies, metals, commodities, stocks, cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:100 |
| EUR/USD Spread | From 0.4 pips |
| Trading Platform | Web-based |
| Min Deposit | $1 000 |
| Customer Support | Email: support@ohjycoin.com |
| Address: 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 Cons
| Pros | Cons |
| Various trading asset classes | Inaccessible website |
| Multiple account types | Lack of regulation |
| FCA warning | |
| No MT4 or MT5 | |
| High minimum deposit | |
| Limited payment options |
Is 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 Type | Min Deposit |
| Beginner | $1,000 |
| Trader | $25,000 |
| Investor | $50,000 |
Leverage
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 Type | Max Leverage |
| Beginner | 1:20 |
| Trader | 1:50 |
| Investor | 1:100 |
Trading Platform
OH JY Coin uses its own web-based trading platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit 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.
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