YaMarkets Forex Broker

YaMarketsReview SummaryFounded2016-08-23Registered Country/RegionSaint Vincent and the GrenadinesRegulationOffshore regulated(SFC)/Exceeded(FSCA)Market InstrumentsIndices/Commodities/Currencies/Crypto CurrenciesDemo Account✅LeverageUp to 1:1000SpreadFrom 0 pipsTrading PlatformMT4/MT5(Web/Mobile/Desktop)Min Deposit$1Customer SupportPhone: +971 44106735Email: support@yamarkets.comFacebook/Twitter/LinkedIn/Instagram/Pinterest/YouTubeLive chatYaMarkets Information Established in 2016, YaMarkets offers a trading environment for Contracts for Difference (CFDs), encompassing FX currency pairs, stock indexes, metals, and energy. The broker also provides five accounts with a maximum leverage of 1:1000. The minimum spread is from 0 pips and the minimum deposit is $1. YaMarkets is still risky due to its offshore regulated and exceeded status, high leverage, and bad reviews about difficulty withdrawing money.Pros and ConsPros Cons MT4/MT5 availableOffshore regulated/ExceededSpread as low as 0 pipsHigh max leverageDemo account availableNegative comments about difficulty in withdrawalVarious tradable instrumentsUnspecific transfer time and fee informationNo 24/7 customer supportIs YaMarkets Legit? YaMarkets regulates FSC and FSCA with license numbers C165091 and 51192 respectively. The License Types are Retail Forex License and Financial Service Corporate respectively. However, the 'offshore regulated' and 'Exceeded' current status is less safe than the regulated one.What Can I Trade on YaMarkets? YaMarkets offers access to 100+ market instruments, including indices, commodities, currencies, and cryptocurrencies.Tradable Instruments Supported Indices✔Currencies✔Crypto Currencies✔Commodities✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type YaMarkets has five account types: ultimate, standard, royale, ECN, and women thrive. Traders who want low spreads can choose a Women Thrive account and those who want a low leverage and with a sufficient budget can choose an ECN account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).Account Type UltimateStandardRoyaleECNWomen ThriveMinimum Deposit$10$500$2500$5000$1Minimum trading volume0.010.010.010.01-Swap free accountYesYesYesYes7 days freeSpread starts from1.8 pips1.5 pips1 pips0.1 pips0CommissionNoNoNoYes$2Leverage1:10001:10001:5001:2001:300YaMarkets Fees The spread starts from 0 pips andthe commission is from 0. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.Trading Platform YaMarkets cooperates with the authoritative MT4 and MT5 trading platforms, which are available on the Web, Windows, iOS, Android, and APK File. Junior traders prefer MT4 over MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.Trading PlatformSupported Available Devices Suitable for MT4✔Web/Mobile/DesktopJunior tradersMT5✔Web/Mobile/DesktopExperienced tradersDeposit and Withdrawal The first deposit amount must be $1 or above. YaMarkets accepts Mastercard, Bank Transfer, Lipi, Visa, Phonepe, Net Banking, and Pay App for deposit and withdrawal. However, transfer processing times and associated fees are unknown.