YForex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.co.yforex.com/register, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate center, Kingstown, St. Vincent and the Grenadines.
YForex Forex Broker
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
YForex Information
YForex is an FX broker but not exclusively for all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training, and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments with a maximum leverage of 1:500. The broker also provides Islamic and demo accounts. The minimum spread is from 0.0 pips on EURUSD and the minimum deposit is $0. YForex is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| 24/5 live support | Unregulated |
| Spread as low as 0.0 pips | No 24/7 customer support |
| Leverage up to 1:500 | No more fee information |
| MT4 available | |
| Demo account available | |
| 35% bonus rebates |
Is YForex Legit?
YForex is not regulated, making it less safe than regulated brokers.
What Can I Trade on YForex?
YForex offers various market instruments, including forex, indices, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
YForex has 5 live account types with different opening conditions: Regular, STP, Interbank, VIP, and Islamic. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a regular or Islamic account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Regular | STP | Interbank | VIP | Islamic |
| Minimum deposit | $0(-$200) | $201 | $1000 | $5000 | $0 |
| Spreads from | 0.9 pips(on EURUSD) | 0.9 pips(on EURUSD) | 0 pips(on EURUSD) | 0 pips(on EURUSD) | 0.7 pip |
| Commission | None | None | $3.5 per lot | $2.5 per lot | None |
| Leverage | 1:500 | 1:300 | 1:200 | 1:50 | 1:200 |
| Margin call | 50 | 50 | 50 | 20 | 50 |
| Stop Out | 10 | 20 | 20 | 20 | 20 |
YForex Fees
The spread is as low as 0 pip, the commission is from 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
YForex cooperates with the authoritative MT4 trading platform available in Windows, Macintosh OS, iOS, and Android. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Windows/Macintosh OS/iOS/Android |
Deposit and Withdrawal
The minimum deposit is $0 but the starting deposit is $5. xx accepts Wire Transfer, VISA, MasterCard, Skrill, NETELLER, MECAIRANSFER, Perfect Money, and Fasapay for deposits and withdrawals.
Promotions
YForex is offering up to 35% Cashback (Rebates) of your total monthly spreads(trading cost) and a 100% Bonus on every deposit up to $10,000.
| Account types | 0 - 100 lots | 100 - 500 lots | more than 500 lots |
| Regular & STP account Only | 15% | 25% | 35% |