YWO Forex Broker

YWO Review SummaryFounded1998Registered Country/RegionComorosRegulationNo RegulationMarket InstrumentsForex, Indices, Metals, Energies, Stocks, Cryptocurrencies, CommoditiesDemo Account✅LeverageUp to 1:1000SpreadFrom 0 pipsTrading PlatformMT5Minimum Deposit$10Customer SupportSocial Media: Facebook, Instagram, Telegram, Twitter, LinkedInRegional RestrictionThe European UnionYWO Information YWO is an online broker registered in the Comoros, offering multiple market instruments like forex, indices, metals, energies, stocks, cryptocurrencies, and commodities. YWO provides MT5, a demo account, and two live accounts. The leverage on this platform is up to 1:1000, which is high. However, YWO doesn't offer its service to the residents of the European Union or any other jurisdiction where such services conflict with local laws and regulations.Pros and ConsProsConsLow minimum deposit requirementLack of regulationMT5 supportedEU clients are not acceptedDemo accounts availableLimited customer support channels24/7 supportCommission chargedIs YWO Legit? YWO lacks regulatory oversight from any major authorities, which indicates that trading on this platform involves risks.What Can I Trade on YWO? YWO provides various tradable assets on its platform, such as forex, metals, crypto, energies, stocks, indices, and commodities.Trading AssetAvailableforex✔metals✔commodities✔energies✔indices✔stocks ✔cryptocurrencies✔bonds❌options❌funds❌ETFs❌Account Type YWO offers access to a demo account and two types of live accounts. YMO claims that its demo account has several features, like:No deposit requiredRisk-free demo tradingSkill developmentVirtual fundsTrading strategy testing In terms of live accounts, the Standard Account and the Zero Spread Account can have very different features.Account TypeStandard Zero Spread Minimum Deposit $10$300Maximum Leverage1:1000Commission0From $7 (round trip)Leverage The leverage on this platform is up to a high 1:1000. Leverage allows traders to increase the potential return on an investment by using borrowed funds (debt) to finance the purchase of assets. However, it also increases risks.Fees If you are a Standard Account user, then the commission is free. But when it comes to the Zero Spread Account, the commission is from $7 per round trip. YWO doesn't disclose much information about the spread on its website. But the spread seems to start from 0 pip, since YWO offers a “Zero Spread Account”.Trading Platform MT5 (MetaTrader 5) is offered by this platform. It is a popular multi-asset trading platform developed by MetaQuotes. It is widely used by traders for online trading in various financial markets. Being the successor to MT4 (MetaTrader 4), MT5 offers enhanced features and expanded functionality.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop, Mobile, WebExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Traders can deposit and withdraw through bank cards, bank transfers, and cryptocurrencies. Deposit and withdrawal fees may apply depending on the payment method and provider.