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YSGJ foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://ysgj-tw.com/, about the company's legal and temporary regulatory information, the company's address 2972 Westheimer Rd. Santa, UK.

YSGJ Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

YSGJ

Abbreviation

YSGJ

Company employee

Customer Service Email Address

example@gmail.com

Company Website

https://ysgj-tw.com/

Company address

2972 Westheimer Rd. Santa, UK

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

AspectFinancialCompany NameYSGJRegistered Country/AreaUnited StatesFounded Year2020RegulationUnauthorized(NFA)Products & ServicesForex(Forex pair),Cryptocurrencies(BTC,ETH,LTC.etc)LeverageUp to 1:10Trading fees0 trading feesTrading PlatformsYSGJ App(IOS,Android)Demo AccountAvailableCustomer SupportEmail: contact@wsgj-tw.comOverview of YSGJ YSGJ, established in 2020 and based in the United States, operates in the financial sector without official authorization or regulation. The company offers a range of trading products and services, including Forex pairs and a variety of cryptocurrencies like BTC, ETH, LTC, among others. YSGJ provides leverage up to 1:10, appealing to traders looking for moderate leverage options. Unique to its service offerings, YSGJ charges no trading fees, potentially attracting cost-conscious traders. The company has developed the YSGJ App, compatible with both iOS and Android devices, designed to facilitate a convenient and accessible trading experience. Additionally, YSGJ supports its clients with a demo account option for practice trading and customer support through the email address contact@wsgj-tw.com, ensuring assistance is available when needed.Is YSGJ Legit or a Scam? YSGJ operates without any famous authorities.Pros and ConsProsConsGlobal ReachUnauthorized OperationHigh Security StandardsLimited Forex Trading FocusUser-Friendly PlatformComplexity of Advanced FeaturesAdvanced Trading OptionsAccount Verification RequirementDiverse Trading ProductsDependence on Digital Currencies Pros of YSGJ:Global Reach: YSGJ boasts a significant user base with over 600,000 users worldwide and supports over 120 countries and 78+ currencies, indicating a broad and diverse market reach.High Security Standards: With licenses to operate in the European Union, the United States, and Japan, YSGJ adheres to high security standards, including seven consecutive years without a security breach and 100% code storage of digital assets.User-Friendly Platform: The YSGJ platform is designed to be easy to use, especially for beginners, with a straightforward interface and the option to trade without transaction fees.Advanced Trading Options: YSGJ offers a range of trading services including spot trading, margin trading with up to 10x leverage, and API integrations for automated trading, catering to both novice and experienced traders.Diverse Trading Products: The platform provides the ability to trade popular cryptocurrencies like Bitcoin, Ethereum, EOS, Litecoin, Ripple, and NEO, offering a variety of options for crypto traders. Cons of YSGJ:Unauthorized Operation: YSGJ operates without official authorization or regulation in the financial sector, which might raise concerns about compliance and investor protection.Limited Forex Trading Focus: Despite offering Forex trading, the platform appears to be more crypto-oriented, which might not fully satisfy the needs of traditional Forex traders.Complexity of Advanced Features: While offering advanced trading options like margin trading and API integrations, these features might be overwhelming for beginners or less tech-savvy users.Account Verification Requirement: The necessity for account verification to unlock full functionality could be a barrier for users seeking quick and anonymous trading access.Dependence on Digital Currencies: With a strong emphasis on cryptocurrencies, users with a preference for more traditional investment options or those cautious about the volatility of digital currencies might find the platform less appealing.Products & Services YSGJ offers a comprehensive suite of products and services designed to cater to the diverse needs of the trading community: Products:Forex Trading: YSGJ provides access to the Forex market, allowing users to trade various Forex pairs. This offering is designed to cater to traders interested in the dynamic and global currency exchange market.Cryptocurrencies: The platform supports a wide array of digital currencies, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), EOS, Ripple, NEO, and more, facilitating the trading, buying, and selling of digital assets. Services:Spot Trading: YSGJ offers spot trading services with a highly liquid order book, enabling users to easily trade a range of cryptocurrencies with minimal slippage, appealing to those looking to capitalize on the immediate settlement of trades.Margin Trading: The platform allows for margin trading, providing traders the opportunity to trade with up to 10x leverage through the peer-to-peer lending market, enhancing their trading power and potential profit margins.API Integrations: For advanced traders and institutions, YSGJ offers API integrations, enabling the automation of trades and the customization of trading strategies, thereby catering to a technologically savvy clientele.How to Open an Account? Opening an account with YSGJ involves a straightforward three-step process designed for ease and efficiency:Sign Up: Begin by visiting the YSGJ platform and entering your email address to sign up. The process is free, with no fees associated with opening an account. This initial step establishes your presence on the platform and prepares you for verification.Complete Account Verification: After signing up, proceed to verify your identity, a process that YSGJ has streamlined to take less than 5 minutes. This verification step is crucial for unlocking the full functionality of your account and ensuring compliance with security measures.Fund Your Account: Once your account is verified, you can fund it instantly. YSGJ offers convenient funding options, including depositing EUR via PayPal or bank transfer. Access to your funds is immediate, allowing you to start trading without delay.Leverage YSGJ offers leverage options up to 1:10 for its trading services, providing traders with the opportunity to increase their trading position beyond the initial investment. The availability of up to 10x leverage allows traders to engage in both Forex and cryptocurrency markets with increased buying power, yet it remains within a range that mitigates the risk of significant losses that can come with higher leverage ratios.Trading Fees YSGJ distinguishes itself in the trading marketplace by offering a zero trading fee structure, which means traders can engage in transactions on the platform without incurring traditional transaction fees. This approach simplifies the trading process, particularly for beginners, by eliminating the need to calculate additional costs for each trade executed.Trading Platform YSGJ provides its trading services through the YSGJ App, a proprietary platform designed to satisfy both iOS and Android users. This mobile application emphasizes ease of use and accessibility, making it suitable for traders of all experience levels. With features like real-time quotes, a user-friendly interface, and seamless execution of trades, the YSGJ App aims to deliver a quality trading experience on the go. Its focus on simplicity does not compromise on functionality, offering a comprehensive set of tools for trading Forex pairs and a wide array of cryptocurrencies.Customer Support YSGJ prioritizes customer support by offering assistance through a dedicated email channel, contact@wsgj-tw.com. This approach ensures that users have a direct line of communication for any inquiries, technical issues, or support needs that may arise while using the platform. FAQs What trading options are available on YSGJ? YSGJ offers trading in Forex pairs and a variety of cryptocurrencies including BTC, ETH, and LTC. What is the maximum leverage provided by YSGJ? YSGJ provides leverage up to 1:10 for its trading services. Are there any trading fees for YSGJ? YSGJ offers a zero trading fee structure for transactions on its platform. How can I contact YSGJ customer support? Customer support can be reached via email at contact@wsgj-tw.com.

YSGJ broker review

Is YSGJ safe or scam

Rating Index

YSGJ Forex Broker - Comprehensive Information Guide

1. Broker Overview

YSGJ, established in 2020, operates as a financial services provider based in the United States. The company is privately owned and primarily serves retail clients interested in forex and cryptocurrency trading. Over the years, YSGJ has garnered a significant user base, boasting over 600,000 users across 120 countries and supporting more than 78 currencies. This global reach highlights its ambition to cater to a diverse clientele, although its operations remain unauthorized by major regulatory bodies.

The broker's development has been marked by the introduction of its trading platform, which aims to provide users with a seamless trading experience. Despite its relatively short history, YSGJ has positioned itself as a significant player in the forex and cryptocurrency markets, focusing on offering a user-friendly interface and competitive trading conditions. The company operates under a business model primarily catering to retail forex traders, with a secondary focus on cryptocurrency trading.

YSGJ broker's commitment to providing a cost-effective trading environment is evidenced by its zero trading fee structure, which attracts cost-conscious traders looking to maximize their returns. Furthermore, the availability of demo accounts allows potential clients to familiarize themselves with the platform before committing real capital.

2. Regulatory and Compliance Information

YSGJ operates without valid regulation, which is a significant concern for potential traders. It has been identified as having a suspicious clone status by the National Futures Association (NFA). The broker does not possess any regulatory licenses, which raises red flags regarding its compliance with industry standards. The lack of oversight means that clients may have limited recourse in the event of disputes or issues related to their accounts.

The brokers operations are classified under unauthorized status, indicating that it has not been granted official authorization to offer financial products and services, including forex and cryptocurrency trading. Consequently, clients should be aware of the risks associated with trading through an unregulated entity.

In terms of client fund management, YSGJ has not provided detailed information regarding its policies on fund segregation or participation in investor compensation schemes. The absence of adequate measures for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance further exacerbates concerns about the broker's operational integrity.

3. Trading Products and Services

YSGJ offers a diverse range of trading products, primarily focusing on forex pairs and various cryptocurrencies. The broker facilitates trading in a selection of major forex pairs, although the exact number of available pairs has not been disclosed. In addition to forex, YSGJ provides access to various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), among others.

The platform supports Contract for Difference (CFD) trading across multiple categories, including indices, commodities, and stocks, although specific details on these offerings are limited. The broker frequently updates its product offerings to keep pace with market trends, ensuring that traders have access to popular and emerging assets.

YSGJ also caters to retail traders by providing a user-friendly trading environment, while institutional services appear to be less emphasized. The absence of white-label solutions or asset management services indicates a focus primarily on individual traders rather than institutional clients.

4. Trading Platform and Technology

YSGJ provides its trading services through the YSGJ app, which is compatible with both iOS and Android devices. The application is designed to be user-friendly, offering features such as real-time quotes and seamless trade execution. The broker also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are popular among forex traders for their robust analytical tools and automated trading capabilities.

While the broker does not appear to have developed a proprietary web-based trading platform, the mobile application aims to deliver a quality trading experience for users on the go. The execution model employed by YSGJ remains unclear, with no specific mention of whether it operates on an ECN, STP, or market-making basis. Additionally, information regarding server locations and technological infrastructure is limited, which may impact trading performance.

YSGJ supports API integrations for traders interested in automating their trading strategies, although details on the extent of this support are not extensively covered.

5. Account Types and Trading Conditions

YSGJ offers several account types tailored to meet the needs of different traders. The standard account conditions require a minimum deposit, although specific figures have not been disclosed. The broker does not charge trading fees, which is a significant advantage for traders looking to minimize costs.

In addition to standard accounts, YSGJ may offer advanced account types, such as VIP or professional accounts, although details on these options are not clearly outlined. The broker also provides a demo account for users to practice trading without financial risk.

Leverage options are available up to 1:10, allowing traders to enhance their positions beyond their initial investments. However, the minimum trade size and overnight fees have not been specified, which could affect traders' strategies and cost management.

6. Fund Management

YSGJ supports various deposit methods, including bank transfers, credit cards, and electronic wallets, although specific details regarding supported payment providers are not extensively covered. The broker's minimum deposit requirements vary by account type, but exact figures are not available.

Deposit processing times are generally instant, enabling traders to access their funds quickly. However, information regarding deposit fees is limited, and clients should inquire directly with the broker for clarification.

Withdrawal methods and restrictions are not explicitly detailed, raising concerns about the ease of accessing funds. Processing times for withdrawals are also unspecified, which could lead to delays when clients seek to access their capital. The broker's fee structure for withdrawals remains unclear, necessitating further inquiry from potential clients.

7. Customer Support and Educational Resources

YSGJ prioritizes customer support through various channels, including email and online chat. However, specific details regarding phone support and social media presence are not readily available. The service hours and time zone coverage have not been specified, which may affect the accessibility of support for international clients.

The broker offers support in multiple languages, although the exact languages available have not been disclosed. YSGJ provides educational resources aimed at enhancing traders' knowledge and skills, including webinars, tutorials, and eBooks. Additionally, the broker offers market analysis services, such as daily updates and research reports, to assist clients in making informed trading decisions.

Trading tools, including calculators and economic calendars, are also available to help traders manage their activities effectively.

8. Regional Coverage and Restrictions

YSGJ serves a broad market, with a significant presence in over 120 countries. However, specific details regarding regional offices and their distribution are not provided. The broker does not accept clients from certain countries, although the exact list of restricted regions is not disclosed.

Special restrictions may apply based on local regulations, which could impact the availability of services in specific jurisdictions. Traders interested in YSGJ should verify their eligibility based on their country of residence before opening an account.

In conclusion, YSGJ broker presents a range of trading opportunities primarily focused on forex and cryptocurrencies. However, potential clients should carefully consider the lack of regulatory oversight and the associated risks before engaging with the broker.

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