Introduction

MyCoinBanking is a relatively new entrant in the broker firm industry. The firm offers a wide range of services including forex trading, commodities, indices, and cryptocurrency trading. Despite its promise to provide an all-in-one trading solution to its customers, there are a few areas where the firm falls short. This review aims to provide an unbiased assessment of the firm’s services, highlighting both its strengths and weaknesses.

Trading Platform

WebTrader

MyCoinBanking utilizes the WebTrader platform, which is a widely used platform known for its ease of use and accessibility. It’s user-friendly, with a simple interface that allows even beginner traders to navigate with ease. However, some users have reported experiencing technical glitches and slow response times, which can be a significant hindrance in the fast-paced world of online trading.

Mobile App

In addition to the web-based platform, MyCoinBanking also offers a mobile app for on-the-go trading. The app is available for both Android and iOS devices. While it’s convenient for users who prefer to trade from their smartphones, the app lacks some of the more advanced features that other broker firms offer in their mobile applications.

Account Types

MyCoinBanking offers four different types of accounts: Basic, Bronze, Silver, and Gold. Each account type comes with its own set of features and benefits. However, the minimum deposit required to open an account is quite high, which may be a barrier for novice traders or those with a limited budget.

Customer Service

Customer service is an integral part of any broker firm, and MyCoinBanking is no exception. The firm offers customer support via phone, email, and live chat. However, the response time is often slow, and the quality of service can be inconsistent. Some customers have reported difficulties in getting answers to their queries or resolving technical issues.

Security

MyCoinBanking claims to prioritize the safety and security of its users’ funds and personal information. Despite this, there have been concerns raised about the firm’s security measures. It’s unclear whether the firm uses advanced encryption technologies to protect its users’ data, which raises questions about the safety of trading with MyCoinBanking.

Conclusion

While MyCoinBanking offers a wide range of trading options and a user-friendly platform, there are several areas where it falls short. The firm’s high minimum deposit requirement, inconsistent customer service, and questionable security measures are significant drawbacks. Therefore, potential users should carefully consider these factors before deciding to trade with MyCoinBanking.