YAIBroker Forex Broker

YAIBroker Forex Broker - Complete Information Guide

1. Broker Overview

　　YAIBroker, operating under the legal entity Y.A.I Trading Co., Ltd., was established in 2022 and is registered in Cambodia. As a privately held company, YAIBroker aims to provide trading services primarily to individual retail clients, offering a variety of financial instruments and market access. The broker claims to facilitate trading in over 500 financial instruments, including forex, indices, cryptocurrencies, and commodities, catering to a diverse clientele seeking investment opportunities in the forex market.

　　YAIBroker has positioned itself as a competitive player in the online trading space, emphasizing high leverage and low minimum deposits to attract new traders. This broker operates on the MetaTrader 5 (MT5) platform, which is widely recognized for its advanced trading capabilities. Despite its relatively recent inception, YAIBroker has quickly gained attention in the trading community, although it has also faced scrutiny regarding its regulatory status.

　　The company's business model focuses on retail forex trading, providing clients with various account types and trading conditions. As part of its growth strategy, YAIBroker continues to expand its product offerings and enhance its trading platform to meet the evolving needs of its clients.

2. Regulatory and Compliance Information

　　YAIBroker operates without any valid regulatory oversight, which is a significant concern for potential investors. The broker is not regulated by any major financial authority, and its status is listed as "no license" on various financial review platforms. This absence of regulation raises red flags regarding the safety and security of client funds.

　　The broker does not provide specific regulatory numbers or details about the scope of any licenses it might claim to possess. Additionally, there is no information available about the legal entities in different jurisdictions under which it operates. Given this lack of oversight, clients should be aware that their funds may not be protected under any investor compensation schemes.

　　YAIBroker does not disclose any information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. This lack of transparency regarding compliance protocols further emphasizes the potential risks associated with trading through this broker.

3. Trading Products and Services

　　YAIBroker claims to offer a broad range of trading products, including:

• Forex Currency Pairs: The broker provides access to numerous forex pairs, including major, minor, and exotic currencies.
• CFDs on Indices and Commodities: Traders can also engage in contracts for difference (CFDs) on various indices and commodities, allowing for diversified trading strategies.
• Cryptocurrencies: YAIBroker includes cryptocurrencies in its product lineup, catering to the growing demand for digital asset trading.
• Metals and Energies: Additional offerings may include precious metals like gold and silver, as well as energy commodities such as oil and natural gas.

　　The frequency of product updates and the introduction of new trading instruments are not explicitly detailed in the available resources, indicating a potential area for improvement in product diversity.

　　For retail clients, YAIBroker emphasizes competitive trading conditions, including high leverage options. While the broker does not explicitly mention institutional services or white-label solutions, it appears to focus on retail trading primarily.

4. Trading Platform and Technology

　　YAIBroker utilizes the MetaTrader 5 (MT5) platform, which is known for its comprehensive trading features and user-friendly interface. The platform supports both desktop and mobile applications, allowing traders to access their accounts and execute trades seamlessly from various devices, including iOS and Android.

　　The broker does not mention any proprietary trading platform, indicating a reliance on the industry-standard MT5. This platform supports various trading strategies, including automated trading through Expert Advisors (EAs), providing traders with advanced tools to enhance their trading performance.

　　YAIBroker employs a market execution model, ensuring that trades are processed quickly and efficiently. However, specific details regarding server locations and the technological infrastructure supporting the trading platform are not disclosed, leaving potential clients with limited information about the broker's operational reliability.

　　API access and support for automated trading are not explicitly mentioned, which may limit opportunities for algorithmic traders looking to integrate their systems with the broker's platform.

5. Account Types and Trading Conditions

　　YAIBroker offers several types of trading accounts, each designed to cater to different trading preferences and capital requirements:

• Standard Account: Requires a minimum deposit of $100, with spreads starting from 1.6 pips.
• Professional Account: This account type necessitates a significantly higher initial deposit of $100,000 and offers leverage up to 1:200 with tighter spreads starting from 0.6 pips.
• Swap-Free Account: Similar to the standard account, this option also requires a minimum deposit of $100 and is designed for traders who cannot engage in swap transactions due to religious beliefs.

　　The broker specifies that the leverage offered varies by account type, with standard and swap-free accounts enjoying leverage up to 1:500. The minimum trade size for all accounts is typically 0.01 lots, allowing for flexibility in trade execution.

　　YAIBroker's policies regarding overnight fees and commissions are not clearly outlined, which may lead to additional costs that traders should consider when choosing an account type.

6. Fund Management

　　YAIBroker supports various deposit methods, including bank transfers and cryptocurrency payments. The minimum deposit requirement is generally set at $100 for most account types, making it accessible for new traders.

　　The processing time for deposits is not explicitly stated, which may vary based on the chosen payment method. Additionally, any deposit fees associated with transactions are not disclosed, leaving potential clients with uncertainty regarding the total cost of funding their accounts.

　　Withdrawal methods include bank transfers and cryptocurrency options, but specific limitations on withdrawal amounts or processing times are not provided. Clients should be aware of the potential for delays or fees associated with withdrawals, as these details are crucial for effective fund management.

7. Customer Support and Educational Resources

　　YAIBroker offers customer support through several channels, including:

• Phone: Clients can reach support at +855 090 208 208.
• Email: Support inquiries can be sent to support@yaibroker.com.
• Live Chat: Availability of live chat support is not confirmed in the available resources.

　　The service hours and time zone coverage for customer support are not specified, which may affect the accessibility of assistance for clients in different regions. The broker does not mention support for multiple languages, which could limit its service appeal to non-English speaking clients.

　　In terms of educational resources, YAIBroker provides limited information. There is no mention of webinars, tutorials, or comprehensive market analysis services, which are essential for traders looking to enhance their skills and knowledge.

8. Regional Coverage and Restrictions

　　YAIBroker primarily targets clients from various regions, although specific details about its main service markets are not explicitly provided. The broker's operations appear to be focused on the Asian market, given its registration in Cambodia.

　　However, there is no clear information regarding countries or regions from which it does not accept clients. Traders should exercise caution and verify whether their jurisdiction is supported by YAIBroker, as trading with unregulated brokers can pose significant risks.

　　In conclusion, while YAIBroker presents itself as a competitive forex broker with attractive trading conditions, the lack of regulation and transparency raises concerns. Potential clients should carefully consider these factors before engaging with this broker. The information provided serves as a comprehensive overview of YAIBroker's offerings, but due diligence is essential for ensuring a safe trading experience.