YG GOLD foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://member.ygxau.com/register, about the company's legal and temporary regulatory information, the company's address .
YG GOLD Forex Broker
Basic Information
Hong Kong
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Yg Gold Forex Broker - Complete Information Guide
1. Broker Overview
Yg Gold is a forex brokerage firm that has been operational for approximately 5 to 10 years. The company is headquartered in Hong Kong, which serves as its primary office location. Yg Gold operates as a private entity, providing trading services primarily in the forex market. The brokerage caters to a diverse clientele, including retail traders and institutional clients, offering a range of financial instruments.
The development of Yg Gold has been marked by significant milestones, including the launch of various trading platforms and the introduction of multiple account types to accommodate different trading preferences. The company primarily focuses on retail forex trading but also provides services related to contracts for difference (CFDs), commodities, and cryptocurrencies.
Yg Gold broker operates under a business model that emphasizes accessibility and flexibility for traders, offering various account types such as standard, ECN, and VIP accounts. This approach allows traders to engage in a wide array of financial markets, enhancing their trading experience.
2. Regulation and Compliance Information
Yg Gold operates without regulatory oversight, which raises concerns regarding its transparency and compliance with industry standards. The absence of regulation means that the brokerage is not subject to supervision by any financial authority, which can expose clients to higher risks.
The brokerage does not have any regulatory licenses, and as such, it lacks the protections that regulated firms offer, such as investor compensation schemes and client fund segregation policies. The lack of a regulatory framework also means that Yg Gold does not have to adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are essential for protecting clients' interests.
Clients should be cautious when trading with Yg Gold broker, as the absence of regulatory oversight may complicate any disputes or issues that arise during trading activities. It is crucial for potential clients to conduct thorough research and consider the risks associated with trading on an unregulated platform.
3. Trading Products and Services
Yg Gold offers a diverse range of trading products that cater to various market interests. The brokerage provides access to numerous forex currency pairs, including major, minor, and exotic pairs, allowing traders to speculate on the fluctuations in exchange rates.
In addition to forex, Yg Gold offers trading in CFDs across different asset classes, including:
- Indices: Traders can speculate on the performance of various stock market indices.
- Commodities: The platform allows trading in commodities such as precious metals (e.g., gold and silver), energy resources (e.g., oil and natural gas), and agricultural products.
- Cryptocurrencies: Yg Gold includes a selection of cryptocurrencies, enabling clients to trade popular digital assets like Bitcoin and Ethereum.
The firm frequently updates its product offerings to meet market demands, ensuring that traders have access to the latest financial instruments. Yg Gold also provides retail trading services, which are designed to accommodate individual traders, and offers institutional client services, including white-label solutions for other brokers.
4. Trading Platform and Technology
Yg Gold supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their user-friendly interfaces and robust features. These platforms are suitable for traders of all experience levels, offering advanced charting tools, technical indicators, and customizable trading environments.
The brokerage does not provide a proprietary trading platform but instead leverages the capabilities of MT4 and MT5, allowing clients to access a range of trading tools and functionalities. The platforms support automated trading through Expert Advisors (EAs), enabling traders to execute their strategies automatically based on predefined criteria.
In addition to desktop applications, Yg Gold offers a web-based trading platform that allows clients to trade directly from their browsers without the need for software installation. The brokerage also provides a mobile application for both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.
Yg Gold employs a range of execution models, including ECN (Electronic Communication Network) and STP (Straight Through Processing), ensuring that clients receive competitive trading conditions. The firm maintains its servers in secure locations to enhance trading performance and minimize latency.
5. Account Types and Trading Conditions
Yg Gold offers several account types to accommodate various trading preferences and strategies:
Standard Account:
Minimum Deposit: HKD 250
Spreads: Floating spreads starting from 0.7 pips
Commission: None (commission-free)
ECN Account:
Minimum Deposit: HKD 250
Spreads: Raw spreads starting from 0.0 pips
Commission: HKD 3.5 per lot
VIP Account:
Minimum Deposit: HKD 10,000
Spreads: Raw spreads starting from 0 pips
Commission: HKD 2 per lot
All account types offer leverage of up to 1:30, allowing traders to control larger positions with a smaller capital outlay. The minimum trade size varies based on the account type, and clients can access demo accounts to practice their trading strategies.
Yg Gold also provides a simulated trading account for new users to familiarize themselves with the platform and trading conditions without risking real money. The brokerage has a clear policy regarding overnight fees, ensuring that traders are aware of any costs associated with holding positions overnight.
6. Fund Management
Yg Gold supports a variety of deposit methods for funding trading accounts, including:
- Bank Transfers: Secure and reliable method for depositing funds.
- Credit/Debit Cards: Convenient option for instant deposits.
- Cryptocurrency Deposits: Some cryptocurrencies are accepted for account funding.
The minimum deposit requirement varies by account type, with the standard account requiring HKD 250 and the ECN and VIP accounts requiring higher minimums. Deposit processing times are generally quick, with most transactions being processed instantly or within a few hours.
Yg Gold does not charge deposit fees for most methods, making it cost-effective for clients to fund their accounts. Withdrawal options include bank transfers and credit/debit cards, with processing times typically ranging from a few hours to several days, depending on the method used.
The brokerage has a transparent fee structure for withdrawals, ensuring that clients are aware of any potential charges associated with their transactions. This clarity helps to maintain trust and confidence among traders using the Yg Gold broker platform.
7. Customer Support and Educational Resources
Yg Gold provides comprehensive customer support to assist traders with their inquiries and issues. The support channels include:
- Live Chat: Available 24/5 for real-time assistance.
- Email Support: For detailed inquiries that may require documentation.
- Phone Support: Allowing direct communication with customer service representatives.
The brokerage supports multiple languages, catering to a diverse client base. However, the availability of educational resources is limited, which may pose challenges for novice traders. Notable absences include comprehensive user guides, video tutorials, and live webinars.
Yg Gold does provide some market analysis services, including daily analysis and news updates, but the depth of these resources may not be sufficient for all traders. The brokerage offers basic trading tools, such as calculators and economic calendars, to assist clients in their trading activities.
8. Regional Coverage and Restrictions
Yg Gold primarily serves clients in Hong Kong and the surrounding regions. The brokerage has established a presence in various markets, catering to both local and international traders. However, it is essential to note that Yg Gold does not accept clients from certain countries due to regulatory restrictions.
The company has a clear policy regarding the regions it serves and any limitations on client acceptance. Potential clients should verify whether they fall within the acceptable jurisdictions before attempting to open an account with Yg Gold broker.
In summary, Yg Gold presents a range of trading opportunities but operates without regulatory oversight, which may raise concerns for potential clients. Traders should carefully consider these factors when evaluating the suitability of Yg Gold for their trading needs.
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Latest Reviews
FX5549757481
Hong Kong
The platform URL: https://ygxau.com/ In March of this year, I met a netizen, the so-called "Haotian adviser", recommended em to join the live stream studio(to dance with the cow) , which offered stock analysis and bull stocks recommendations. He said he did very well in investing stocks. The analysis sounded good, so he gained my trust . Later, he said the stock market was currently unprofitable and is difficult to invest in then London gold. He added that, since China and US have a trade war, London gold investment must be very profitable. He let me open an account on YG GOLD. I tthough they (there are other so-called advisers: the studio’s anchor Sisi, Liu Shuang, Tian Jian, Liu Yang, the contact information is not given) were so powerful and I must earn money with their advice. So I opened an account. They asked us to deposit money immediately after that. And a adviser gave us order recommendations at once. Afterwards, they always gave advice in the studio. They said the amount of money decided the ranks of team. They also set up a "Nuggets Plan", and I increased deposits after their temptation. In the end, I suffered a loss of nearly 60,000.
Exposure
2018-12-14
狄云超
Hong Kong
In 2018.6 month stock, I usually do is somehow pulled into a stock WeChat group, did not think wrong, then tell us the inconvenience through communication, let's go into the studio and make assistant help me to open the studio account, classes every day, and later by understanding are familiar with, and have no idea, learn stock knowledge also quite good, but in hindsight once studio teacher lectures proposal to create a team, we all special believe him at that time, I have been to us later how to earn foreign exchange, stock trading way to compare,And uncertain when many do foreign exchange earnings snapshot in group, told us the international gold, easy and good to make money, can buy more, buy air, no major capital, let me move unceasingly, then studio send us the QQ account commissioner of YG GOLD registered teaches us to open an account, also said that accounts do not charge any fees, not does not matter, proceeds with the teacher protection, have I also inspired in the group of friends together opened the door and asked us to immediately after it is good to open door has the teacher provide to shout a single into gold at once, so a total of more than to spend nearly forty back and forth, each time to earn a little teacher will let us money can increase profits,Short almost losses of $fifty-five thousand a month later, after the teacher said in the group of not shout a single, send information to ask the teacher, the teacher said volatility is not to be, first in the later I will send what information found that the teacher also don't reply, platform also limits the my account, let's put the rest of the money the king said to upgrade system platform, afterwards I found myself to be deceived.
Exposure
2018-12-04
FX1059666531
Hong Kong
I met a netizen April this year, so-called "hao tian teacher" (QQ:106078****), say fry stock has good experences, he can take me fry stock, at the beginning of evaluation is good, it easy to get others trust.Later he said the stock market is too bad, London gold can make big money than that, let me through the high gold industry to invest.I thought of them (and three other so-called teachers, contact information has not been withdrawn.Other still have a few cheater, for instance QQ498213128) so fierce, follow affirmation to make money, did not think behind they all the time shout in the group anti-single, make oneself loss nearly 20,000 after a lure
Exposure
2019-02-20