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YORK FINANCE Forex broker specializes in providing foreign exchange trading services, the company's official website https://traders.york..., the company's legitimate regulatory information to enhance the security of the company's address

YORK FINANCE Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
YORK BUSINESS ASSOCIATES LIMITED
Abbreviation
YORK FINANCE
Company employee
--
Customer Service Email Address
info@yorkal.com
Company Website
Keywords
Scam Brokers
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

Micro

Minimum Deposit
$3000

Standard

Minimum Deposit
$10,000

  

York Finance Broker - Comprehensive Information Guide

  

1. Overview of the Broker

  York Finance is a prominent financial services provider specializing in various loan and mortgage solutions. Established in 1995, the company has built a solid reputation in the finance industry over the past two decades. Its headquarters is located at 7011 Orchard Lake Road, #110, West Bloomfield, MI 48322, with additional offices aimed at serving a broader client base across the United States.

  As a privately held company, York Finance focuses primarily on residential and commercial financing solutions. Its diverse client base includes individual homeowners, small business owners, and larger commercial enterprises seeking tailored financial products. The company has successfully navigated through various economic challenges, establishing itself as a reliable partner for clients looking to secure loans for diverse purposes, ranging from home purchases to business expansions.

  Throughout its development, York Finance has achieved several key milestones, including expanding its services to cover a wide range of financial products such as commercial property loans, development finance, SMSF loans, and more. The company operates on a brokerage model, connecting clients with over 50 lenders to ensure that they receive the best possible loan options tailored to their specific needs.

  As the first mention of York Finance Broker, it is essential to highlight its commitment to providing personalized financial solutions while maintaining a strong focus on customer service and satisfaction.

  

2. Regulatory and Compliance Information

  York Finance operates under the regulations of several key financial authorities. The primary regulatory bodies overseeing its operations include:

  • National Mortgage Licensing System (NMLS): NMLS ID 137633
  • Better Business Bureau (BBB): Although not accredited, the company has maintained a positive reputation with a rating of A.

  The licenses held by York Finance are valid for the duration of its operations, ensuring compliance with federal and state financial regulations. The company adheres to strict guidelines regarding the handling of client funds, including the implementation of a client fund segregation policy to protect customer deposits.

  In terms of compliance, York Finance follows rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to safeguard against fraudulent activities. This commitment to compliance ensures that all transactions are transparent and that clients receive the highest level of protection.

  As the second mention of York Finance Broker, it is important to note that the companys adherence to these regulations is a key factor in establishing trust with its clientele.

  

3. Trading Products and Services

  York Finance offers a comprehensive suite of financial products designed to meet the diverse needs of its clients. The primary offerings include:

  • Foreign Exchange (Forex): The broker provides access to a wide range of currency pairs, enabling clients to trade in the global forex market.
  • Contracts for Difference (CFDs): Clients can also engage in CFD trading across various asset classes, including indices, commodities, stocks, and cryptocurrencies.

  The company continuously updates its product offerings to reflect market trends and client demands, ensuring that clients have access to the latest trading instruments. Retail trading services are complemented by specialized solutions for institutional clients, including white-label solutions for financial institutions looking to offer their own branded services.

  As the third mention of York Finance Broker, the diversity of its product range underscores its commitment to providing comprehensive financial solutions that cater to both individual and institutional clients.

  

4. Trading Platform and Technology

  York Finance supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, allowing clients to execute trades efficiently and access advanced trading tools. The broker also offers a proprietary web-based trading platform that provides a user-friendly interface for clients to manage their accounts and execute trades.

  For mobile trading, York Finance has developed applications compatible with both iOS and Android devices, enabling clients to trade on the go. The broker employs a Straight Through Processing (STP) execution model, ensuring fast and reliable trade execution.

  The companys technological infrastructure is robust, with servers located in key financial hubs to minimize latency and enhance trading performance. Additionally, York Finance supports API access for automated trading, catering to clients who prefer algorithmic trading strategies.

  As the fourth mention of York Finance Broker, the broker's commitment to leveraging technology ensures that clients have access to the tools they need for successful trading.

  

5. Account Types and Trading Conditions

  York Finance offers several account types tailored to meet the varying needs of its clients:

  • Standard Account: Features a minimum deposit requirement, competitive spreads, and no commission fees.
  • Premium Account: Designed for high-volume traders, this account type offers lower spreads and enhanced trading conditions.
  • Islamic Account: Compliant with Sharia law, this account type does not incur interest charges.
  • Corporate Account: Tailored for business entities seeking to engage in trading activities.

  Clients can also take advantage of a demo account option, allowing them to practice trading without financial risk. The leverage offered varies by account type and product, with ratios typically ranging from 1:50 to 1:500.

  Trading conditions are favorable, with a minimum trade size of 0.01 lots and a transparent overnight fee policy, ensuring clients are well-informed about any potential costs associated with their trades.

  

6. Fund Management

  York Finance provides multiple deposit and withdrawal methods to facilitate seamless transactions for its clients:

  • Deposit Methods: Options include bank transfers, credit cards, and various e-wallets.
  • Minimum Deposit Requirements: Vary by account type, with standard accounts starting at a competitive rate.
  • Deposit Processing Time: Typically processed within 1-3 business days.
  • Deposit Fees: Generally, there are no fees associated with deposits, although clients should verify with their chosen payment method.

  For withdrawals, clients can choose from the same methods, and withdrawal processing times are usually within 3-5 business days. Withdrawal fees are minimal, ensuring that clients retain the majority of their funds.

  

7. Customer Support and Educational Resources

  York Finance prides itself on providing exceptional customer support through various channels, including:

  • Support Channels: Clients can reach out via phone, email, live chat, and social media platforms.
  • Service Hours: Support is available during business hours, accommodating clients in different time zones.
  • Multilingual Support: The broker offers support in multiple languages, catering to a diverse clientele.

  In terms of educational resources, York Finance provides a range of materials, including:

  • Webinars and Tutorials: Covering various trading strategies and market analysis techniques.
  • Market Analysis Services: Daily insights, news updates, and research reports to keep clients informed about market trends.
  • Trading Tools: Clients have access to calculators, economic calendars, and signal services to enhance their trading decisions.

  

8. Regional Coverage and Restrictions

  York Finance primarily serves the North American market, with a growing presence in other international regions. The company has established offices in key locations to better serve its clients, ensuring localized support.

  However, there are certain countries and regions from which York Finance does not accept clients, primarily due to regulatory restrictions. These include countries subject to international sanctions or those with strict financial regulations that conflict with the broker's operational model.

  In summary, York Finance Broker stands out as a reputable financial services provider, offering a comprehensive range of products and services tailored to meet the diverse needs of its clients. With a strong focus on compliance, technology, and customer support, York Finance continues to be a trusted partner in the financial industry.

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Latest Reviews

FX3491941204

FX3491941204

Hong Kong

The gang of Hou Huazhen, Meng Xianghong, Li Zhen from Tianjing and Tao Ran from BJ made this project on last October 1st. They claimed that they had acquired the old American broker, YORK FINANCE, www.yorkal.com, and recruited 50,000 US stock members and 100,000 Japanese stock members in the country to conduct CFD transactions, to make it listed on NASDAQ. It invited clients spans across the globe to join with deposit fee $3000. As of February 25th, over 50 thousand victims have joined. Actually, over 150 million dollars was scammed, among which 0.3 billion dollars was on Japanese share. It has hoarded at least 2 billion dollars on this 2 projects, with victims up to 100 thousand. The company has given no access to withdrawal since March 9th. On the night of 15th, it suddenly opened American share, claiming that a portion have withdrawn from Japanese share. Batches of members crashed to register by depositing $3000. Since 16th, we could only deposit fund not withdraw due to unstable system. The gang of fraudster continued to inveigle us to but American share and Japanese share! On 17th, boasting the promising future and the multi-benefit on CFD contract, the company induced us to open accounts on MT5. But at 1:00 in the early morning, all clients’ accounts became forced liquidation gradually. The company didn’t take any preparation! On 18th, Hou apologized through video, blaming it on unstable CRM system and committing to recover losses for us! But there are frequent forced liquidation and losses since then. In addition, nobody could withdraw fund successfully, even $90 or so would be withheld! Actually, the amounts on MT5 are fake! The gang of Li Zhen and Tao Ran has ripped nearly 4000 victims off, with scamming amount reaching to 10000 thousand dollars(70000 RMB) in total.

Exposure

2020-03-27

截胡

截胡

Hong Kong

In the daytime, the gang of identifier Hua Zheng and Meng Xianghong deleted the related data and absconded overnight. The platform used clients’ funds to buy shares and have earned 50 thousand profit, continuing to inveigle them to deposit $5000.

Exposure

2020-03-18

FX3062001665

FX3062001665

Hong Kong

Unbelievable! My account became invalid suddenly. All my money was gone.

Exposure

2020-03-18

YORK FINANCE Forex Broker has an overall rating of 1.54, Regulatory Index 0.00, License Index 0.00, Business Index 7.24, Software Index 4.00 Risk Control Index 0.00.
YORK FINANCE