Overview of Yorker Capital Markets
Yorker Capital Markets Ltd operates as an offshore entity for retail forex trading, supervised by the Mwali International Services Authority in Comoros. Traders are cautioned about the absence of specific trading software and the offshore regulatory context.
The platform offers trading opportunities across various market instruments, including forex, cryptocurrencies like Bitcoin and Ethereum, energy commodities such as crude oil and natural gas, stocks from companies like Apple and Amazon, major indices like S&P 500 and NASDAQ, and commodities like gold and silver.
Different account types cater to diverse trading preferences, including Standard, Classic, Premium, Swap Free, and ECN accounts. The trading platform used is MT5, with available customer support and a demo account option for practice.
Pros & Cons
Yorker Capital Markets presents several advantages, including being licensed by a regulatory authority. However, the offshore regulation could introduce certain risks. The platform offers a diverse array of trading instruments. While high leverage options are available. A low minimum deposit requirement is an advantage. The platform also provides a demo account for practice, advanced MT5 trading capabilities, useful educational tools, and round-the-clock customer support.
Is Yorker Capital Markets Legit？
Yorker Capital Markets Ltd, operating under the regulatory oversight of the Mwali International Services Authority in Comoros, is licensed with registration number T2023326 for retail forex trading as an offshore entity. Traders considering engagement with Yorker Capital Markets should exercise caution, as the lack of trading software and the offshore nature of its regulation may pose risks. For more details, visit their website at https://yorkermarkets.com/.
Market Instruments
FOREX: Yorker Capital Markets offers a range of forex trading opportunities, including popular pairs such as EUR/USD, USD/JPY, and GBP/USD.
CRYPTO: Engage in cryptocurrency trading through Yorker Capital Markets, with options like Bitcoin, Ethereum, and Litecoin available for exchange.
ENERGIES: Trade energy commodities with Yorker Capital Markets, including contracts on crude oil, natural gas, and other energy resources.
STOCK: Yorker Capital Markets provides access to stock trading on various exchanges. Stocks of companies like Apple, Microsoft, and Amazon can be traded through their platform.
INDICES: Explore index trading with Yorker Capital Markets, offering opportunities in major indices like the S&P 500, NASDAQ, and Dow Jones Industrial Average.
COMMODITIES: Diversify your portfolio with commodity trading, including precious metals like gold and silver, as well as agricultural products like corn and wheat.
Account Types
Standard Account:
Experience the convenience of trading with the Standard Account, which requires an initial deposit of $10. Leverage of up to 1:1000 and spreads starting from 1.5 pips make this account suitable for traders seeking a basic trading environment. The platform offered is MT5, and 24/5 service support is available.
Classic Account:
The Classic Account is a recommended choice, offering an initial deposit requirement of $500. With leverage of up to 1:500 and spreads from 1.2 pips, this account is tailored for those looking for a balanced trading experience. The platform provided is MT5, and 24/5 service support is included.
Premium Account:
For those seeking more advanced features, the Premium Account necessitates an initial deposit of $2000. Leverage up to 1:200 and spreads starting from 1.0 pips cater to traders who value tighter trading conditions. The account operates on the MT5 platform, accompanied by 24/5 service support.
Swap Free Account:
Our Swap-Free Account is designed to accommodate traders with specific religious or cultural requirements. With an initial deposit of $3000, leverage up to 1:200, and spreads from 1.5 pips, this account follows the MT5 platform and provides 24/5 service support.
ECN Account:
The ECN Account is ideal for traders seeking direct market access. A minimum initial deposit of $5000 is required, offering leverage up to 1:500 and spreads from 0.0 pips. Traders benefit from the MT5 platform and 24/5 service support.
Yorker Capital Markets provides a demo account option for traders to practice and refine their trading strategies without using real funds. This feature allows traders to gain practical experience in a risk-free environment. Traders can explore market conditions, test strategies, and familiarize themselves with the platform using virtual funds.
How to Open an Account？
To open an account with Yorker Capital Markets, follow these steps:
Click on the “Open Account” button.
Fill in your first name, last name, email address, phone number, and password.
Repeat the password for confirmation.
If you have a partner code, enter it.
Review the Client Agreement.
Click on the “Register” button to complete the process.
Leverage
Yorker Capital Markets provides leverage of up to 1:1000 for the Standard Account, up to 1:500 for the Classic and Swap Free Accounts, up to 1:200 for the Premium Account, and up to 1:500 for the ECN Account.
Spreads & Commissions
Yorker Capital Markets offers spreads starting from 0.0 pips on their ECN Account, while other account types have spreads ranging from 1.0 to 1.5 pips. Additionally, their ECN Account includes zero commission fees.
Trading Platforms
Yorker Capital Markets offers the MT5 platform, an advanced iteration of the well-known MT4. This platform brings enhancements and extra features, catering to experienced traders. Benefit from sophisticated order management tools, a wider range of native technical indicators, and easy configuration options to customize your trading setup.
Trading Tools
Currency Converter: Access Yorker Capital Markets' free currency converter tool, which allows traders to quickly convert between various currencies. This tool aids in assessing the potential impact of currency fluctuations on trades. For instance, convert USD to EUR or JPY to GBP to evaluate potential gains or losses.
Margin Calculator: Utilize the margin calculator provided by Yorker Capital Markets to determine the required margin for specific trades. This calculator assists traders in understanding the amount of funds needed to open or maintain positions. For example, calculate the margin requirement for a 1 lot position in EUR/USD or GBP/JPY.
Pip Value Calculator: The pip value calculator offered by Yorker Capital Markets enables traders to calculate the value of a pip in their chosen currency and lot size. This tool is invaluable for risk management and trade assessment. Calculate the pip value for different currency pairs and lot sizes, such as USD/JPY with a 0.1 lot size or EUR/GBP with a 1 lot size.
Deposit & Withdrawal
You can deposit $10 or more into your Yorker Capital Markets account using a wire transfer, an ACH transfer, or a bank transfer. You can withdraw $10 or more from your account using the same methods. Wire transfers are processed within 24 hours, ACH transfers are processed within 3-5 business days, and bank transfers are processed within 5-7 business days.
Customer Support
Need assistance？ Feel free to reach out to Yorker Capital Markets for any inquiries. Their support team is available 24/7 to help you. You can call them at +971501478234, or send an email to support@yorkermarkets.com. For further contact, their office is located at Office No 202, 2nd Floor, Al Moosa Tower-2, Sheikh Zayed Road, Dubai. Additionally, they have a registered office at GF01, Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. Contact can also be made through their website by Contact Form as the below screenshot shows.
FAQs
Q: Is Yorker Capital Markets a legitimate entity？
A: Yes, Yorker Capital Markets Ltd operates under Mwali International Services Authority in Comoros with registration number T2023326 for forex trading. However, caution is advised due to offshore regulation and lack of trading software.
Q: What trading instruments are available at Yorker Capital Markets？
A: Yorker Capital Markets offers forex trading (EUR/USD, USD/JPY, etc.), cryptocurrency trading (Bitcoin, Ethereum, etc.), energy commodities, stocks (Apple, Microsoft, etc.), indices (S&P 500, NASDAQ, etc.), and commodities (gold, silver, etc.).
Q: What types of accounts does Yorker Capital Markets offer？
A: Yorker Capital Markets offers Standard, Classic, Premium, Swap Free, and ECN accounts with varying features like leverage, spreads, and deposit requirements.
Q: What are the deposit and withdrawal options at Yorker Capital Markets？
A: Deposits and withdrawals of $10 or more can be made through wire transfers, ACH transfers, or bank transfers, with varying processing times.
Q: What trading platform does Yorker Capital Markets provide？
A: Yorker Capital Markets offers the advanced MT5 platform with enhanced order management tools and technical indicators.
Q: What should I consider when trading with Yorker Capital Markets？
A: While Yorker Capital Markets offers various trading options, consider factors like offshore regulation, lack of trading software, and potential risks before engaging in trading activities.
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