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YLD FX Ltd.
Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia
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!
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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.
Current Status:Suspicious Clone
License Type:Straight Through Processing(STP)
Regulated in Country/AreaMalaysia
Regulatory License No.：MB/21/0069
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
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
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.
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.
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.
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.
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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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.
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