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    YLDFX

    • United Kingdom United Kingdom
    • 2-5 years
    • Suspicious Regulatory License
    • MT4/5 White Label
    • Regional Brokers
    • High potential risk
    Open Account
    WikiFX Score
    Comparison
    • 6087430017
    • --
    • --
    • --
    • Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia
    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

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    Broker Information

    Company Name

    YLD FX Ltd.

    Phone of the company

    6087430017

    Company website
    https://www.yldfx.com
    Customer Service Email Address

    --

    Company address

    Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia

    Pyramid scheme complaint
    Expose
    Warning: Low score, please stay away! 2
    2022.05.17

    It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

    The MalaysiaLFSA regulatory (license number: MB/21/0069) claimed by this broker is a suspicious clone, please be aware of the risk!

    • Marketing Strategy
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    Delivery Index

    Mkt. Analysis

    Material

    Ad Brand

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    YLDFX

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    Labuan Financial Services Authority

    Labuan Financial Services Authority (LFSA)

    Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Labuan FSA’s key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction. Labuan FSA also develops policies for the orderly conduct of business and financial services in Labuan IBFC.

    • Licensed Institution :

      YLD FX Ltd.

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Office 1, Phil Business Centre 2, Unit F7, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan F.T. Malaysia

      Phone Number of Licensed Institution :

      087-504 554
    • Licensed Institution Certified Documents :

      Annex1

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    YLDFX

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    YLDFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    YLDFX · Company summary

      General Information & Regulation

      YLDFX is a Forex and CFD broker based in St. Kitts and Nevis, established in 2019. There is no regulation laws displayed on the YLDFX official website, that is to say, this broker is an unregulated one. Traders are not advised to trade with unregulated brokers, as they cannot gaurantee fund safety.

      Markets Instruments

      Investors can trade over 30 currency pairs, CFDs on 9 indices, as well as oil and gold with YLDFX. Overall, tradable instruments available on the YLDFX is pretty average compared with many other brokers.

       Minimum Deposit

      YLDFX offers a live trading account and a demo account. Traders are required to fund at least $250 to start trading. However, since YLDFX is an unregulated broker, it is unsafe to trade with broker. Many other brokers actually requires much less initial deposit, around $100 or equivalent amount.

      YLDFX Leverage

      The maximum trading leverage offered by YLDFX is relatively high, reaching up to 1:400. Unregulated brokers usually offer high leverage level to attract traders.

      Spreads & Commissions

      YLDFX's standard account offers a spread of 1.2 pips on the EURUSD pair, which is relatively normal.

      Trading Platforms

      YLDFX offers investors the leading MT5 trading platform on the market today. MT5 not only is equiped with all the positive features of MT4 but also contains more market indicators and a wide selection of trading bots that help traders run algorithmic trading.

      Deposit & Withdrawal

      YLDFX only supports traders to deposit and withdraw funds to and from their investment accounts via wire transfer, which is quite peculiar compared to other brokers welcoming multiple popular payment methods.

       YLDFX Pros & Cons

      YLDFX Advantages Include:

      1. MT5 Available

      2. Acceptable minimum deposit

      YLDFX Disadvantages Include:

      1. No regulation

      2. One trading account type only

      3. Less variety of trading assets

      4. Only supporting wire transfers for deposits and withdrawals

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.