YCM foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://trader.global-fxmarket.cn/a/userreg/signup, about the company's legal and temporary regulatory information, the company's address .
YCM Forex Broker
Basic Information
China
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskRating Index
Pros
Regulated by the FCA, providing a level of security and trust for clients.
Access to advanced trading platforms like MetaTrader 4 and 5, as well as the Currenex platform, which offers deep liquidity and fast execution.
Offers a wide range of trading instruments, including forex, precious metals, indices, energies, and cryptocurrencies.
Cons
High minimum deposit requirement of $25,000, which may limit accessibility for smaller investors.
Primarily caters to professional traders, making it unsuitable for beginners or less experienced investors.
Limited customer support options, lacking features like live chat, which may hinder timely assistance for traders.
YCM Forex Broker - Complete Information Guide
1. Broker Overview
YCM Invest, founded in 1998, operates under the official name YCM Invest Ltd. The broker is headquartered in London, United Kingdom, and it is a privately held company. YCM Invest primarily serves professional traders and asset managers, focusing on providing advanced trading solutions and asset management services. Over the years, the company has achieved significant milestones, including being regulated by the Financial Conduct Authority (FCA) since 2007, under license number 470392.
YCM Invest has developed a reputation for its innovative trading technologies and client fund protection policies, making it an attractive choice for institutional and professional clients. The broker's business model is centered around providing institutional-grade liquidity and facilitating efficient trading environments for its clients, which include hedge funds, asset managers, and high-net-worth individuals. This focus on professional services distinguishes YCM broker from typical retail forex brokers.
2. Regulation and Compliance Information
YCM Invest is regulated by the Financial Conduct Authority (FCA) in the UK. The FCA is known for its stringent regulatory standards, which enhance the trustworthiness of financial institutions operating in the UK. The broker's license number is 470392, and it has been active under this regulation since 2007.
The regulatory framework ensures that YCM Invest adheres to strict compliance standards, including the segregation of client funds to protect against firm insolvency. YCM Invest participates in the Financial Services Compensation Scheme (FSCS), which provides additional security to clients by covering eligible deposits up to £85,000.
To maintain compliance with international standards, YCM Invest implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. These procedures are designed to verify the identity of clients and prevent illicit activities, ensuring a secure trading environment.
3. Trading Products and Services
YCM Invest offers a diverse range of trading instruments, catering primarily to professional traders. The broker provides access to 28 forex pairs, including major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. In addition to forex trading, YCM Invest offers Contracts for Difference (CFDs) on various asset classes, including:
- Indices: Major global indices such as the S&P 500 and FTSE 100.
- Commodities: Trading options on precious metals like gold and silver, as well as energy products like crude oil.
- Stocks: CFDs on individual stocks from major markets.
- Cryptocurrencies: Limited access to cryptocurrency CFDs.
YCM Invest is known for its unique asset management solutions, which allow professional traders to consolidate and manage multiple accounts as a single entity. This capability, combined with advanced analytics and self-learning algorithms, empowers traders to make informed investment decisions.
4. Trading Platforms and Technology
YCM Invest supports multiple trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among forex traders for their reliability and advanced features. The broker also offers a proprietary web-based platform known as Sky Trader, which provides an intuitive interface for seamless trading.
In addition to desktop platforms, YCM Invest provides mobile applications for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker's execution model is primarily market-making, which facilitates fast order execution and low latency trading.
For advanced traders, YCM Invest supports FIX API access and offers the Currenex platform, known for its superior liquidity aggregation and execution standards. This technological infrastructure is designed to cater to the needs of high-frequency traders and institutional clients.
5. Account Types and Trading Conditions
YCM Invest offers several account types tailored to professional traders. The minimum deposit requirement starts at $25,000, with trading conditions varying based on the account type. Key features include:
- Standard Account: Minimum deposit of $25,000, with spreads starting from 0.2 to 0.6 pips.
- Corporate Account: Designed for institutional clients, offering flexible trading conditions.
- Demo Account: Available for traders to practice strategies without financial risk.
YCM Invest provides leverage of up to 1:10 for forex trading, with a minimum trade size of 0.01 lots. The broker does not charge inactivity fees, making it easier for traders to maintain their accounts without additional costs.
6. Fund Management
YCM Invest supports various deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets such as Skrill and Neteller. The minimum deposit requirement varies by account type, with a starting point of $25,000 for standard accounts.
Deposit processing times are generally quick, with most transactions being processed within 1-3 business days. YCM Invest does not impose deposit fees, allowing clients to fund their accounts without incurring extra charges.
Withdrawals can be made using the same methods as deposits, and processing times typically range from 1 to 5 business days, depending on the method chosen. The broker maintains a transparent structure, with no withdrawal fees, ensuring that clients can access their funds without additional costs.
7. Customer Support and Educational Resources
YCM Invest provides customer support through multiple channels, including phone, email, and a callback service. The support team is available 24/5, ensuring that traders can receive assistance when needed. The broker offers support in several languages, including English, Arabic, German, Spanish, and more.
In terms of educational resources, YCM Invest focuses primarily on professional traders and offers limited content for beginners. However, the broker does provide access to market analysis, trading tools, and resources to help traders enhance their skills and knowledge.
8. Regional Coverage and Restrictions
YCM Invest primarily serves clients in the United Kingdom and other regions where it is legally permitted to operate. The broker has established a strong presence in the European market, catering to professional traders and asset managers.
However, YCM Invest does not accept clients from certain countries, including the United States. This restriction is in place due to regulatory compliance and local laws governing financial services.
Overall, YCM broker is positioned as a reliable option for professional traders seeking advanced trading solutions and a secure trading environment. With its robust regulatory framework, diverse product offerings, and innovative trading technology, YCM Invest continues to be a prominent player in the forex brokerage landscape.