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/10
The WikiFX Score of this broker is reduced because of too many complaints!

YaMarkets

Saint Vincent and the Grenadines|5-10 years|
Regulated in Mauritius|Retail Forex License|MT4/5 full license|Global Business|Medium potential risk|Offshore Regulatory|

https://yamarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

YaMarkets-DEMO

France
MT4
5

Influence

C

Influence index NO.1

India 3.26
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
YaMarkets-DEMO MT4
Server Location France

Influence

Influence

C

Influence index NO.1

India 3.26

Surpassed 38.80% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 22030234
support@yamarkets.com
https://yamarkets.com/
Suite 305, Griffith Corporate Centre, Kingstown P.O. Box 1510, Beachmont Kingstown St. Vincent and the Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 22030234

English

+971 50-246-2816

Broker Information

More

Company Name

YAMARKETS LIMITED

Company Abbreviation

YaMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin
WhatsApp
  • 35724021651

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2024-03-03
  • The Mauritius FSC regulation with license number: C165091 is an offshore regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

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YaMarkets · Company Summary

YaMarkets Basic Information
Registered Country/Region Saint Vincent and the Grenadines
Founded in 2016
Regulation FSC (Mauritius)
Minimum Initial Deposit $10
Maximum Leverage 1:1000
Trading Assets Forex, Commodities, Indices, Cryptocurrencies
Trading Platform MT4, MT5
Account Types Ultimate, Standard, Royale, ECN
Min. spreads From 0.0 pips
Demo Account Yes
Islamic Account Yes
Base Currencies USD, EUR
Payment Methods Cashfree, PayUmoney, Quick Paytm, VISA, MasterCard, Bitcoin, Ethereum, Altcoins, Perfect Money, Neteller, Skrill, Local Deposit (India,Srillanka, Hong Kong, Indonesia).
Customer Support Phone, Email, Online Chat, Social Medias
Bonuses offered Expired

Overview of YaMarkets

Founded in 2016, YaMarkets is a forex broker based in Saint Vincent and the Grenadines, offering trading services, including Forex, Commodities, Indices, Cryptocurrencies. The broker also provides access to both the popular MetaTrader 4 and MetaTrader 5 trading platforms, giving traders a choice of trading interfaces and a range of advanced trading tools and features. These platforms are highly customizable and can be used on desktop or mobile devices, providing flexibility and convenience to traders on the go. YaMarkets offers high leverage of up to 1:1000, allowing traders to potentially amplify their gains. The broker also has a low minimum deposit requirement of $10, making it accessible to traders with various budget sizes.

Another notable feature of YaMarkets is its 24/7 customer support, which is available via email and phone, with live chat support not currently offered.

basic-info

Is YaMarkets legit or a scam?

YaMarkets is operating under the regulation of the Financial Services Commissions (FSC) in Mauritius, with its license number C165091, which can give traders some confidence when trading with this broker.

regulation

Pros and Cons

YaMarkets offers some attractive features for traders, such as low minimum deposits, high leverage, a wide range of trading instruments, and a choice of account types. However, it is worth noting that the broker is not regulated by any major regulatory authority, which may be a concern for some traders. Additionally, the lack of live chat support, limited deposit and withdrawal options, and educational resources may be drawbacks for some traders.

Pros Cons
Low minimum deposit of $10 Limited educational resources
High leverage of up to 1:1000 Limited deposit and withdrawal options
Wide range of trading instruments including forex,commodities, indices, and cryptocurrencies Website available in three languages only
Choice of account types to suit different trading needs Various bonuses expired
Availability of both MT4 and MT5 trading platforms
24/7 online chat customer support
Copy trading features
Rich educational resources
No depsosit fees

Market Intruments

YaMarkets offers a variety of trading instruments to its clients. These include:

  • Forex: YaMarkets provides access to the forex market, allowing traders to trade major, minor, and exotic currency pairs.

  • Commodities: The broker offers trading in popular commodities such as gold, silver, crude oil, and natural gas.

  • Indices: Traders can also trade in global stock indices like the S&P 500, Nasdaq, FTSE 100, DAX, and others.

  • Cryptocurrencies: The broker also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

Account Types

YaMarkets offers four types of trading accounts to cater to the diverse needs of its clients:

  • Ultimate Account: This account is suitable for experienced traders who prefer tight spreads and low commissions. The account requires a minimum deposit of $10 and offers a leverage of up to 1:1000. The minimum spread is relatively high, starting from 1.8 pips, and there are no commissions charged on trades.

  • Standard Account: This account is suitable for beginner and intermediate traders who prefer a straightforward trading experience. The account requires a minimum deposit of $500 and offers a leverage of up to 1:500. The minimum spread starts from 1.5 pips, and there are no commissions charged on trades.

  • Royale Account: This account is suitable for high net worth traders who prefer personalized trading services. The account requires a minimum deposit of $2,500 and offers a leverage of up to 1:300. The spread for major currency pairs starts from 1.0 pips, and there are no commissions charged on trades.

  • ECN Account: This account is suitable for traders who prefer to trade in a non-dealing desk environment. The account requires a minimum deposit of $5,000 and offers a leverage of up to 1:200. The spread for major currency pairs starts from 0.0 pips, with certain commissions charged on trades.

account-types
account-types

How to open an account?

Opening an account with YaMarkets is a straightforward process:

  • First, you need to go to the broker's website and click on the “Register” button.

open-account
  • Then, you'll be directed to the account registration page where you need to provide your personal information, including your name, email address, and phone number.

open-account
  • Once you've completed the registration form, you'll receive an email with instructions on how to verify your account.

  • After your account has been verified, you can log in to your YaMarkets account and start trading. You'll need to make a deposit before you can start trading, and the minimum deposit required is only $10, which is quite low compared to other brokers in the industry.

  • To deposit funds into your account, you can choose from a variety of payment options, including credit/debit cards, bank wire transfers, and electronic payment systems like Neteller, Skrill, and WebMoney. Once you've selected your preferred payment method, follow the instructions provided to complete the deposit process.

Demo Accounts

YaMarkets offers demo accounts to its clients. Demo accounts provide a risk-free environment for traders to practice their trading skills and test the broker's platform and services before opening a live trading account.

With YaMarkets' demo accounts, traders can access all the features and trading instruments offered by the broker without risking their capital. The demo accounts are also a great way for traders to test their trading strategies and develop new ones without any financial consequences.

To open a demo account with YaMarkets, traders can simply fill out the registration form on the broker's website and choose the demo account option. Once the registration process is complete, traders will receive a username and password to access their demo account.

It's worth noting that while demo accounts offer a simulated trading environment, they may not always accurately reflect the market conditions and price movements of a live trading account. Therefore, it's important to use demo accounts as a tool to practice and improve trading skills, but not rely solely on them for making trading decisions in a live account.

Leverage

YaMarkets offers leverage up to 1:1000, which is relatively high compared to many other forex brokers. However, it is important to note that the leverage varies depending on the account type. For Ultimate and Standard accounts, the maximum leverage is 1:500, while for Royale and ECN accounts, it is 1:300 and 1:200, respectively.

It is worth noting that high leverage can be both a blessing and a curse. While it can amplify potential profits, it can also lead to significant losses if the market moves against the trader. Therefore, traders should exercise caution when using high leverage and ensure that they have a solid risk management strategy in place.

Spreads & Commissions (Trading Fees)

When it comes to trading, one of the most important factors to consider is the fees involved. As for YaMarkets, this broker offers competitive spreads and commissions that may vary depending on the account type.

For instance, the Ultimate and Standard accounts offer spreads starting from as low as 0.2 pips and 1.2 pips respectively, while the Royal and ECN accounts offer spreads starting from as low as 0.0 pips and 0.1 pips respectively.

As for the commission, the Ultimate and Standard accounts have no commission fees, while the Royal and ECN accounts charge a commission fee of $2 and $5 per lot traded, respectively. It is important to note that while the spreads and commissions offered by YaMarkets are competitive, they may vary depending on the trading instrument and market conditions.

Non-Trading Fees

Apart from trading fees, there are other fees that traders should take into consideration when choosing a broker. These fees are often referred to as non-trading fees and include deposit and withdrawal fees, inactivity fees, and currency conversion fees. Let's take a closer look at the non-trading fees charged by YaMarkets.

Deposit and withdrawal fees: YaMarkets does not charge any deposit fees for most payment methods. However, if you use a bank transfer to deposit funds into your account, you may incur some fees imposed by your bank. As for withdrawals, there are no fees for using most payment methods. However, if you make a withdrawal via bank transfer, a fee of $25 may be charged.

Inactivity fee: If you don't log in to your YaMarkets account for more than 60 days, an inactivity fee of $50 will be charged. This fee will be deducted from your account balance each month until you log in again.

Currency conversion fee: If you make a deposit or withdrawal of a currency that is different from the base currency of your account, YaMarkets will convert the amount at the prevailing exchange rate. A currency conversion fee of 2% may apply to such transactions.

Trading Platform

YaMarkets offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients. These platforms are widely used in the forex trading industry and are known for their user-friendly interface and advanced features.

MT4 is a powerful and versatile platform that allows traders to access a wide range of markets, including forex, commodities, and indices. It provides advanced charting capabilities, trading signals, and the ability to use automated trading strategies through expert advisors (EAs). Additionally, MT4 is known for its stable performance, even during high volatility market conditions.

MT5, on the other hand, is the newer version of the MetaTrader platform and provides many of the same features as MT4, but with some additional enhancements. For example, MT5 has more advanced charting tools, improved back-testing capabilities, and the ability to trade on exchange-traded products such as stocks and futures.

Both platforms also offer mobile versions for traders who want to stay connected to the markets on-the-go. The mobile versions have many of the same features as the desktop versions, including the ability to place trades, view charts, and monitor open positions.

trading-platform

Deposit & Withdrawal

YaMarkets offers a minimum deposit of only $10, making it accessible for traders with limited funds to start trading in the forex market. YaMarkets offers a wide range of deposit and withdrawal options that cater to traders in various regions. The broker allows clients to deposit funds without any additional fees, which is a plus for traders who want to save on transaction costs. YaMarkets accepts deposits via multiple payment methods, including Cashfree, PayUmoney, Quick Paytm, VISA, MasterCard, Bitcoin, Ethereum, Altcoins, Perfect Money, Neteller, Skrill, and Local Deposit (India, Sri Lanka, Hong Kong, Indonesia). These payment options ensure that traders can easily fund their accounts regardless of their location.

When it comes to withdrawals, YaMarkets does not charge any fees for withdrawals. However, clients may incur fees from their payment method provider or bank. The processing time for withdrawals may vary depending on the payment method selected and the client's location. The broker aims to process withdrawal requests within 24 hours, but it may take up to 3-7 business days for the funds to be credited to the client's account, depending on the payment method and location.

payment-methods
payment-methods

Customer Support

YaMarkets provides customer support through multiple channels, including online chat, email, phone, and social media platforms. The broker offers 24/7 customer support, which means that clients can contact the support team at any time of the day or night. The broker has dedicated phone lines for different regions, making it easier for clients to get in touch with the support team.

In addition to phone and email support, YaMarkets also has a live chat feature on its website. This feature enables clients to chat with a support agent in real-time, making it an efficient way to get quick answers to questions or resolve issues.

YaMarkets also has an extensive FAQ section on its website, which covers a wide range of topics related to account opening, trading, deposits and withdrawals, and more. The FAQ section can be accessed from the website's footer menu, making it easy for clients to find the information they need.

customer-support

Educational Resources

YaMarkets offers a wide range of videos that cover a variety of topics, including introduction videos, technical views, featured ideas, web TV, new analysis, live webinars, an economic calendar, a calculator, and tutorial playlists.

The introduction videos provide a general overview of trading and the financial markets, while the technical views and featured ideas offer more in-depth analysis of market trends and potential trading opportunities. The web TV section provides updates on current events that may impact the markets, and the new analysis section offers insights into emerging trends and market movements.

In addition to the videos, YaMarkets offers live webinars that cover a range of topics, from basic trading concepts to more advanced strategies. These webinars are conducted by experienced traders and are designed to be interactive, allowing participants to ask questions and receive feedback in real-time.

For traders who prefer to learn at their own pace, YaMarkets offers a range of educational resources, including an economic calendar that provides information on important upcoming events that may impact the markets. The calculator helps traders to calculate potential profits and losses, while the tutorial playlists offer step-by-step guidance on a variety of trading-related topics.

Conclusion

YaMarkets is an online forex broker that offers a variety of trading instruments, account types, trading platforms, and educational resources. The broker has a minimum deposit requirement of $10 and provides leverage of up to 1:1000, which may be appealing to traders looking for higher leverage. However, it is important to consider the trading fees associated with YaMarkets, such as spreads and commissions, which may vary depending on the account type. The broker also charges some non-trading fees, such as inactivity fees, which may add up over time.

FAQs

Q: What is the minimum deposit required to open an account with YaMarkets?

A: The minimum deposit required to open an account with YaMarkets is $10.

Q: What is the maximum leverage offered by YaMarkets?

A: The maximum leverage offered by YaMarkets is up to 1:1000, depending on the account type.

Q: What trading platforms does YaMarkets offer?

A: YaMarkets offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Q: What deposit and withdrawal methods does YaMarkets support?

A: YaMarkets supports a wide range of deposit and withdrawal methods, including Cashfree, PayUmoney, Quick Paytm, VISA, MasterCard, Bitcoin, Ethereum, Altcoins, Perfect Money, Neteller, Skrill, and Local Deposit (India, Sri Lanka, Hong Kong, Indonesia). There are no deposit fees, but withdrawal fees may apply.

Q: What account types does YaMarkets offer?

A: YaMarkets offers several account types, including Ultimate, Standard, Royale, and ECN.

Q: Does YaMarkets offer demo accounts?

A: Yes, YaMarkets offers demo accounts for traders to practice trading strategies and familiarize themselves with the trading platform.

Q: What educational resources does YaMarkets provide for traders?

A: YaMarkets provides a variety of educational resources, including videos, tutorials, webinars, and an economic calendar.

Q: Does YaMarkets offer customer support?

A: Yes, YaMarkets offers 24/7 customer support via phone, email, and a contact form on their website. However, there is no live chat support available.

News

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User Reviews

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FX1524779398
more than one year
One of my favorite aspects of YaMarkets has got to be their stellar customer service. They're responsive, helpful and proved particularly useful during my account opening procedures which can get a bit complex with other brokers. YaMarkets also impressed me with their trading signals. They are accurate, timely and have helped guide my trades with a good success rate. The insights provided by these signals have been an asset in my trading decision making. Finally, the availability of a demo account is a significant benefit.
2023-12-01 18:26
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0
0
FX1524216419
more than one year
I distinctly recall a satisfying trading experience when YaMarkets’ precise trading signals and swift order execution helped me seize a profitable short-sell opportunity on the GBP/EUR pair at just the right moment! The account set-up process was a well-charted route without any detours, thanks to their straightforward procedures and ever-ready customer service team. Regarding withdrawal speed, while reliable, an extra push could power them up to the pole position.
2023-11-30 18:21
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0
0
Pawan2218
6-12months
Me Working with Yamarkets since last 2 years Mumbai Branch , Very happy with their service, deposit withdrawal is all done at lightening speed , best part My Account Manager Mr Rakesh ( Senior Manager 8929944904 ) is makes my deposit withdrawal process very very smooth also sometime he provide prediction for the Markets that is also helping a lot in my trading journey, God Bless Him
2023-08-20 12:10
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0
1
NT Prajapati
more than one year
this brokar is a best service provider And Trading Pletform And Fast Deposit & Withdrowal I Realy Happy This Brokar With Working
2023-05-27 15:19
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0
0
FX1219481282
more than one year
YaMarkets’s Ultimate account is my favorite, very flexible to trade, no commissions charged. The only problem was its slow order execution. I am considering shifting an advanced account to see if this situation can be changed…
2023-02-22 09:20
1
0
0
FX1186648432
more than one year
The YaMarkets website is not well regulated and I saw someone say they were scammed! Be vigilant and don't be the next victim.
2022-12-16 16:43
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0
0
天道酬勤6337
more than one year
Although the minimum deposit of $10 is very attractive, I decided not to trade with it because it is a total scam. You can also see on this website that there are still some victims.
2022-11-28 18:09
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0
0
best miner
more than one year
Be cautious with YaMarkets! They don’t hold any legitimate licenses and their NFA license is unauthorized. Yamarkets has the only company registered in Vanuatu, on checking the Vanuatu Financial Service Commission website it was found that they do not license from it which is written on their website. Don’t be cheated!
2022-11-27 14:27
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0
0
虫妈
more than one year
ISCAM!!! So, I went ahead and put $3000 into YaMarkets. More than $5000 was added to my bank account after I made some profits. Money withdrawal requests were continually denied, and I was given no explanation. They banned my account and haven't released the funds despite the fact that it's been two months since I requested them. SCAM BROKER WHO CANNOT BE TRUSTED!!!
2022-11-26 14:11
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