Yong Ying Global Investment Co., Limited Forex Broker

Note: Yong Ying Global Investment Co., Limited is to operate via the website - http://www.gpmfx.com/#, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No regulation Market Instrument forex Account Type N/A Demo Account N/A Maximum Leverage 1:500 Spread low Commission N/A Trading Platform MT5 Minimum Deposit N/A Deposit & Withdrawal Method Tether Yong Ying Global Investment Co., Limited is allegedly a forex broker registered in the United States that claims to provide its clients with leverage up to 1:500 and floating spreads on the MT5 trading platform. As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, minimum deposit, etc. As for regulation, it has been verified that Yong Ying Global Investment Co., Limited holds an unauthorized National Futures Association - NFA license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.44/10. Please be aware of the risk. Market Instruments Yong Ying Global Investment Co., Limited advertises that it is a forex broker that mainly offers forex trading. Leverage The maximum leverage provided by Yong Ying Global Investment Co., Limited is 1:500. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads The spread we see in the MT5 platform is incredibly low, but as mentioned we have no good reason to believe that this is a real broker offering real trade. Trading Platform Available The platform available for trading at Yong Ying Global Investment Co., Limited is one of the most notable and preferred trading platforms the market offers - MetaTrader5, which is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal The only deposit option available at Yong Ying Global Investment Co., Limited is the Tether cryptocurrency. Customer Support The only way you can approach Yong Ying Global Investment Co., Limited is via email: cs@fx-yongying.com. However, this broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer. Pros & Cons Pros Cons • MT5 supported • No regulation • Website inaccessible • Only Tether payments supported Frequently Asked Questions (FAQs) Q 1: Is Yong Ying Global Investment Co., Limited regulated？ A 1: No. It has been verified that Yong Ying Global Investment Co., Limited currently has no valid regulation. Q 2: Does Yong Ying Global Investment Co., Limited offer the industry-standard MT4 & MT5？ A 2: Yes. Yong Ying Global Investment Co., Limited offers the MT5 platform. Q 3: Is Yong Ying Global Investment Co., Limited a good broker for beginners？ A 3: No. Yong Ying Global Investment Co., Limited is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.