OH JY Coin Review

WikiFX | 2024-11-25 16:22

Extracto：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.

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
Customer Support	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.