Yoo Trade Forex Broker

Yoo Trade Review SummaryFounded2024Registered Country/RegionUnited Arab EmiratesRegulationUnregulatedMarket InstrumentsCFDs, Forex, Indices, Commodities, Metals, etc.Demo Account❌LeverageUp to 1:500SpreadFrom 0.2 pipsTrading PlatformYoo Trade PlatformMin Deposit$50Customer SupportContact formTel: +971542288006Email: support@yootrade.app, info@yootrade.appFacebook, Instagram, Twitter, YouTube, WhatAppAddress: Office 412, Sony Building, Al Raffa, Bur Dubai, UAESuite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the GrenadinesSaint Lucia Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint LuciaRegional RestrictionsSyria, North Korea, Iran, Iraq, Mauritius, USA, Canada, Sudan, Myanmar, Yemen, Afghanistan, Vanuatu, and EEA countries Based in United Arab Emirates, Yoo Trade is an unregulated forex broker that was established in 2017. Yoo Trade provides various financial products to trade via MT5 platform, including CFDs, Forex, Indices, Commodities, Metals, and more. The minimum deposit requirement to open a live account is as low as USD 50.Pros and ConsProsConsVarious trading optionsNot regulatedTiered accountsQuite new in the marketNo commissionsNo demo accountsAffordable minimum depositUnclear fee struturePopular payment optionsNo MT4/5 supportedMultiple contact channelsDo not service clients from several regions24/7 customer supportIs Yoo Trade Legit? No, Yoo Trade is not regulated by any reputable financial body. Please be aware of the risk!What Can I Trade on Yoo Trade? YooTrade provides access to various financial instruments such as CFDs, Forex, Indices, Commodities, Metals, and more.Tradable Instruments Supported CFDs✔Forex✔Indices✔Commodities✔Metals✔Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type Yoo Trade offers five accounts to choose from, including CLASSIC, GOLD, PLATINUM, ELITE and RAW accounts. Moreover, Yoo Trade provides traders with PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) systems to help traders manage multiple client accounts.Account TypeMin DepositMax DepositCLASSIC$50$1,000GOLD$1,000$3,000PLATINUM$3,000$10,000ELITE$10,000UnlimitedRAW$20,000UnlimitedLeverage Yoo Trade offers a leverage of up to1:500 for all account types, which is quite high. 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.Spread and Commission Yoo Trade offers spread from 0.2 pips and no commissions for all five account types.Trading PlatformTrading PlatformSupported Available Devices Suitable for Yoo Trade Platform✔Web, Desktop, Mobile/MT5❌/Experienced tradersMT4❌/BeginnersDeposit and Withdrawal Yoo Trade accepts payments via Skrill, Mastercard, Visa, Neteller, and others.