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MyCoinBanking

Information about MyCoinBanking

MyCoinBanking is an online broker registered in the well-known offshore jurisdiction of Saint Vincent and the Grenadines. Contact with the broker is made through a British phone number. The company does not disclose the exact time of its presence in the market, but information on specialized resources indicates that the website has been in existence for less than three months. MyCoinBanking is geared towards retail traders and emphasizes the importance of security and transparency in trading.

Trading Conditions at MyCoinBanking

The broker provides access to over 250 trading instruments, covering five main financial directions: forex, indices, commodities, contracts for difference (CFDs), and cryptocurrencies. MyCoinBanking guarantees tight spreads, flexible leverage, access to additional offers and promotions. Additionally, the broker actively supports trader education by providing useful materials and advanced analytical tools.

For beginners in trading, MyCoinBanking is ready to provide a personal account manager to help clients make successful trades.

Referral Program

To promote its presence in the market, MyCoinBanking actively develops a referral program. The company offers generous discounts on brokerage services and even monetary rewards to those who refer new clients. Payments are made monthly to a bank card.

Anti-Money Laundering Efforts and KYC Policy

MyCoinBanking pays special attention to combating money laundering, which is strictly punishable by law. Before entering into a contract with a client, the broker conducts a thorough check on the origin of funds, including possible links to terrorism. In accordance with the “Know Your Customer” policy, the company requires the client to provide the following documents:

  • Copy of a valid passport with a signature;
  • Copies of credit cards for deposit replenishment (showing only the last 4 digits and hidden CVV);
  • Copy of the latest utility bill with the client’s name and address;
  • Bank statement showing the client’s online transaction history.

Conclusion

MyCoinBanking presents trading conditions in a language that may raise doubts. However, serious checks on a client’s financial history do not compensate for the lack of a license regulating the broker’s activities. Whether it is worth risking your funds by entrusting them to such an unreliable agent remains a rhetorical question.

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