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TwoYes

Hong Kong|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Chinese market only|High potential risk|

http://tygfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
TwoYesGlobalCapital-Server MT5
Server Location Hong Kong

Contact

support@tygfx.com
http://tygfx.com/
Flat/Rm A 12/F ZJ 300, 300 Lockhart Road, Wan Chai, Hong Kong

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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Broker Information

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Company Name

TwoYes Global Capital Limited

Company Abbreviation

TwoYes

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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TwoYes · Company Summary

Aspect Information
Company Name TwoYes
Registered Country/Area Hong Kong
Founded Year 2-5 years
Regulation Not regulated
Maximum Leverage Up to 1:1000
Spreads Variable
Trading Platforms MetaTrader 5
Tradable Assets Forex, Commodities, Indices
Account Types All-in-One
Customer Support 24/5 Live Chat and Email Support
Deposit & Withdrawal Bank transfer, credit/debit card,RMB Cash Capital
Educational Resources FAQ

Overview of TwoYes

TwoYes is a financial services company based in Hong Kong. With a history spanning between 2 to 5 years, the company offers a range of trading services to its clients. Notably, TwoYes is not regulated by any financial authority, which is an aspect to consider for potential traders.

One of the key features of TwoYes is the maximum leverage it offers, allowing traders to access up to 1:1000 leverage, which can amplify trading positions but also involves higher risk. The spreads on the platform are variable, and traders have access to the MetaTrader 5 trading platform, known for its advanced features.

When it comes to tradable assets, TwoYes provides options in Forex, Commodities, and Indices, giving traders a diversified set of instruments to choose from. The company offers an account type known as “All-in-One,” catering to various trading needs.

Overview of TwoYes

Is TwoYes legit or a scam?

TwoYes operates without regulation from any overseeing authority, which can potentially give rise to concerns about the exchange's transparency and supervision. Unregulated exchanges are often devoid of the safeguards and legal protections offered by regulatory bodies, thereby increasing the risk of fraudulent activities, market manipulation, and security breaches.

The absence of proper regulation can also pose challenges for users when it comes to seeking remedies or resolving disputes. Additionally, the lack of regulatory oversight can contribute to a less transparent trading environment, making it challenging for users to evaluate the legitimacy and dependability of the exchange.

Pros and Cons

Pros Cons
Various Trading Assets Limited Educational Resources
High Leverage Limited Market Analysis
Multiple Payment Methods Not Regulated
MetaTrader 4 Trading Platform Limited Regional Availability
Responsive Customer Support Limited Account Types

Pros:

  1. Various Trading Assets: TwoYes offers a diverse range of trading assets, including forex, commodities, and global indices. This diversity allows traders to explore multiple markets and diversify their portfolios.

  2. High Leverage: The broker provides high leverage, allowing traders to control larger positions with a relatively small amount of capital. This can potentially lead to higher profits but also entails higher risk.

  3. Multiple Payment Methods: TwoYes supports various payment methods, including bank transfers, credit/debit cards, and Skrill. This variety makes it convenient for traders to fund their accounts using their preferred options.

  4. MetaTrader 4 Trading Platform: TwoYes offers the MetaTrader 4 (MT4) platform, a widely recognized and user-friendly trading platform. MT4 provides advanced charting tools, technical indicators, and automated trading capabilities.

  5. Responsive Customer Support: The broker provides 24/5 customer support through live chat and email. This responsive support team assists traders with inquiries, technical issues, and account management.

Cons:

  1. Limited Educational Resources: TwoYes lacks comprehensive educational resources. Traders may find it challenging to access educational materials, which can hinder their learning and trading skills development.

  2. Limited Market Analysis: Compared to some other brokers, TwoYes may offer limited market analysis and insights. This can be a drawback for traders who rely heavily on research and analysis to make informed decisions.

  3. Not Regulated: TwoYes is not regulated by any regulatory authority. The absence of regulatory oversight can raise concerns about the safety and security of traders' funds and the overall transparency of the brokerage.

  4. Limited Regional Availability: The broker's services may not be available in all regions, which limits access for potential clients in certain areas.

  5. Limited Account Types: TwoYes offers a single “All-in-One” account type. This lack of account variety may not cater to the specific needs and preferences of all types of traders.

Pros and Cons

Market Instruments

TwoYes is a well-established financial trading service provider dedicated to offering a diverse range of investment products for institutional clients. Unlike many companies that provide only single-market trading products, TwoYes offers a wide array of mainstream international investment products, including forex, commodities, and major global indices. With just one account opened at TwoYes, you can engage in diversified product trading through the same account and trading platform.

Currently, forex, commodities, and indices are the mainstream and popular trading products in the international markets, attracting a multitude of investors and boasting substantial trading volumes. These products provide a fair and transparent trading environment due to their large and diverse participant base. By opening a trading account with TwoYes, you can easily participate in international financial product investments, whether you are an individual investor or an institutional one. This diversification of investment options allows investors to engage in flexible investments based on their needs and market opportunities.

Market Instruments

Account Types

The TwoYes All-in-One Account is designed to provide traders with a comprehensive and flexible trading experience. The All-in-One Account offers high leverage of up to 1:1000, making it suitable for traders who seek to amplify their positions.

However, it's important to note that high leverage comes with increased risk, and traders should use it cautiously.With variable spreads and a commission of $0.03 per lot, the account offers a flexible fee structure. Traders can access a demo account to practice their strategies before committing real capital. Withdrawals are facilitated through multiple methods, providing convenience to traders for managing their funds. The availability of 24/5 customer support ensures that traders can get assistance and resolve any queries or issues promptly.

How to Open an Account?

To open an account with TwoYes, you can follow these six concrete steps:

  1. Visit TwoYes Website: Go to the official TwoYes website using your web browser.

  2. Registration: Look for a “Register” or “Open an Account” button on the website, usually prominently displayed. Click on this button to initiate the account registration process.

  3. Provide Personal Information: You will be directed to a registration form where you need to provide your personal information. This typically includes your full name, contact details, date of birth, and residential address. Ensure that you enter accurate information.

  4. Select Account Type: Choose the type of trading account that suits your preferences and needs. TwoYes may offer various account types such as Standard, ECN, or VIP. Review the features of each type and select the one that aligns with your trading style.

  5. Complete Identity Verification: To comply with regulatory requirements, you'll likely need to verify your identity. This usually involves providing copies of identity documents like a passport or driver's license, as well as proof of your address. Follow the provided instructions to complete the verification process.

  6. Deposit Funds: Once your account has been verified, you can deposit funds into your trading account. TwoYes likely accepts various payment methods, including bank transfers, credit/debit cards, and potentially digital payment methods like Skrill. Choose your preferred payment method and follow the instructions for the initial deposit. Be aware of the minimum deposit requirement, which is typically $100.

After completing these steps, you'll be ready to start trading with TwoYes. You can log in to your trading account using the provided credentials and access their trading platform to execute your trades.

Open an Account

Leverage

TwoYes offers a maximum leverage of up to 1:1000 for its trading accounts. Leverage is a financial tool that allows traders to control a larger position size with a relatively small amount of capital. In the case of TwoYes, for every $1 in the trader's account, they can potentially control a trading position of up to $1,000.

High leverage, such as the 1:1000 leverage offered by TwoYes, can amplify both profits and losses. While it provides the opportunity to magnify gains when the market moves in the trader's favor, it also increases the potential for significant losses if the market moves against the trader's position. Therefore, it's crucial for traders to use leverage cautiously and manage their risk effectively when trading with such high leverage levels.

Traders should be aware that while high leverage can enhance trading opportunities, it also comes with increased risk. Proper risk management strategies, including setting stop-loss orders and managing position sizes, are essential when trading with high leverage to protect their trading capital.

Spreads & Commissions

TwoYes offers variable spreads and commissions based on the type of trading account:

  1. spreads: TwoYes provides an All-in-One trading account, which is characterized by variable spreads. The term “variable spreads” means that the difference between the bid and ask price can fluctuate depending on market conditions.

  2. Commission: While TwoYes does not charge commissions on its All-in-One trading account, traders should be aware that spreads can vary depending on market volatility and liquidity. Generally, during periods of high market activity, spreads may become narrower, offering potentially lower trading costs. Conversely, spreads may widen during times of low liquidity, which can increase trading costs.

It's important for traders to consider the cost structure of the All-in-One account and how spreads may impact their trading strategy. Traders should also be aware that while there are no explicit commissions, spreads can still affect their overall trading expenses. Therefore, understanding how spreads work and monitoring their fluctuations in different market conditions is essential when trading with TwoYes.

Trading Platform

TwoYes offers the MetaTrader 5.0 (MT5) trading platform, which is an advanced and efficient financial product trading platform for investors. MT5 is recognized as a leading platform in the global capital markets. With a single comprehensive account, investors can trade a diversified range of CFD products, including forex, metals, and energy.

MT5 provides access to dozens of default technical indicators, and investors can also create or add their own custom technical indicators. Combined with advanced chart analysis tools, this platform helps investors analyze market trends efficiently, make informed investment decisions, and seize trading opportunities.

MT5 is highly regarded among global investors for its flexibility in order execution and a wide range of features such as news, quotes, chart analysis, indicator programming, alert notifications, and email communication.

TwoYes also offers the MT5 mobile trading platform, compatible with both iOS and Android mobile systems. This allows investors to manage their trading accounts on smartphones or tablets from anywhere. In addition to comprehensive order placement and account management functions, the mobile platform provides extensive analysis options. With access to Wi-Fi or mobile internet, investors can stay updated on market dynamics and trade at any time.

Trading Platform

Deposit & Withdrawal

TwoYes offers multiple methods for funding your trading account, ensuring convenient access for traders. Below, we describe the available funding methods, minimum deposit requirements, and estimated processing times:

  1. Credit/Debit Card Deposits:

  • Supported Card Types: TwoYes accepts credit/debit cards with UnionPay logos and online banking functionality.

  • Deposit Currency: Credit/debit card deposits are processed in the account's base currency.

  • Processing Time: Credit/debit card deposits are typically processed instantly, allowing you to start trading promptly.

  • Minimum Deposit: The minimum deposit required for this method is not specified but is generally subject to the card issuer's terms.

  • Fees: TwoYes does not charge fees for credit/debit card deposits. However, please be aware that card-issuing banks may impose transaction fees.

  1. RMB Domestic Withdrawals

  • Supported Currency: Chinese Renminbi (RMB).

  • Deposit Currency: Deposits made through RMB domestic withdrawals are typically in Chinese Renminbi.

  • Processing Time: RMB domestic withdrawals usually take 3-5 business days to process.

  • Minimum Deposit: The minimum deposit amount for this method is not specified but may vary based on the client's bank and issuing institution.

  1. Bank Transfer Deposits:

  • Supported Bank Transfers: Traders can fund their accounts through bank transfers.

  • Deposit Currency: The deposit currency for bank transfers depends on the trader's bank and issuing institution.

  • Processing Time: Bank transfer deposits typically take 3-5 business days to process.

  • Minimum Deposit: The minimum deposit amount for bank transfers is not specified.

  1. RMB Cash Capital Injection

  • Supported Currency: Chinese Renminbi (RMB).

  • Deposit Currency: Deposits made through RMB cash capital injection are in Chinese Renminbi.

  • Processing Time: These deposits are typically processed immediately.

  • Minimum Deposit: There is no specified minimum deposit for RMB cash capital injection.

Please Note:

  • TwoYes does not charge fees for depositing funds into your trading account.

  • It's essential to ensure your account has sufficient available margin before initiating withdrawals or transfers.

  • To request a withdrawal, log in to your personal dashboard, click “Withdraw,” input the withdrawal amount and your bank account details, and submit your request.

  • Withdrawal requests are subject to verification and typically take 2-3 business days to process, after which the funds will be transferred to your specified bank account.

Deposit & Withdrawal

Customer Support

Customer Support at TwoYes

TwoYes offers comprehensive customer support services to assist traders with their inquiries, concerns, and account-related matters. Here's an overview of their customer support:

  1. Availability: Customer support at TwoYes is available 24/5, meaning you can reach out to them during business days from Monday to Friday. This availability ensures that traders can access assistance when they need it.

  2. Contact Options: Traders have two primary contact options for reaching customer support:

    1. Live Chat: The live chat feature allows traders to initiate real-time conversations with support representatives directly through the official website or trading platform. This is a convenient way to get quick answers to questions or resolve issues.

    2. Email(support@tygfx.com): Traders can also contact customer support via email. They can send inquiries or describe their concerns in detail through email communication. The support team typically responds to emails during business hours.

Educational Resources

TwoYes provides limited educational resources to assist traders in enhancing their knowledge and skills in the world of financial trading. While the educational offerings are limited compared to some other platforms, they aim to provide traders with essential information to make informed decisions.

FAQ Section: The FAQ (Frequently Asked Questions) section serves as a valuable resource for traders seeking answers to common queries and concerns. This section typically covers a range of topics related to trading, account management, and platform usage. Traders can find answers to questions about account setup, trading procedures, deposit and withdrawal processes, and more. The FAQ section is designed to offer quick and accessible information to help traders navigate various aspects of their trading journey.

Educational Resources

Conclusion

In conclusion, TwoYes offers traders a platform with various advantages, including a wide range of trading assets, high leverage options, multiple payment methods, the user-friendly MetaTrader 5 platform, and responsive customer support. However, it faces notable disadvantages such as limited educational resources, minimal market analysis, the absence of regulation, regional availability constraints, and a single account type. Traders should carefully consider their priorities, risk tolerance, and the importance of educational support when evaluating TwoYes as their trading platform.

FAQs

Q: How do I open an account with TwoYes?

A: To open an account with TwoYes, you can follow these steps: [Insert account opening steps here].

Q: What is the minimum deposit required to start trading with TwoYes?

A: The minimum deposit requirement at TwoYes is $100.

Q: What trading assets are available on TwoYes' platform?

A: TwoYes offers a variety of trading assets, including forex, commodities, indices, and more. You can access a diverse range of financial instruments.

Q: How can I contact TwoYes' customer support?

A: TwoYes offers 24/5 customer support through live chat and email. You can reach out to their support team for assistance.

Q: What is the maximum leverage offered by TwoYes?

A: TwoYes provides leverage of up to 1:1000, allowing traders to control larger positions with a smaller amount of capital.

Q: Are there any fees for depositing and withdrawing funds from my TwoYes account?

A: TwoYes does not charge fees for deposits or withdrawals, but please note that your bank or payment provider may have their own fee policies.

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一个人70442
more than one year
I cannot access their website... it appears to be unavailable or potentially harmful. What shocks me is that TwoYes provides the industry-standard MT5 trading platform, which provides traders and investors with access to real-time market data, trading tools, and order management systems. If you are new to trading or investing, it may be helpful to seek guidance from a qualified financial advisor or to do extensive research before making any investment decisions.
2023-03-17 11:47
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