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Score
Malaysia
Suspicious Regulatory License
MT4/5 White Label
Regional Brokers
High potential risk
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Comparison
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Exposure
Score
License Index | 0.00 |
Business Index | 6.52 |
Risk Management Index | 0.00 |
Software Index | 4.00 |
Regulatory Index | 0.00 |
Single Core
1G
40G
English
+60 87 43 00 17
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Company Name
YLD FX Ltd.
Company Abbreviation
YLDFX
Platform registered country and region
Malaysia
Company website
Pyramid scheme complaint
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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
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