Search

YG GOLD Forex Broker provides real users with * positive reviews, * neutral reviews and 8 exposure review!

YG GOLD Broker Review

1.58

WikiFX monitor

Business

Influence E

License

No license

YG GOLD Review 8

Latest All(8) Exposure(8)
Exposure
YG GOLD induction fraud investors, so that the loss is huge

I met a netizen April this year, so-called "hao tian teacher" (QQ:106078****), say fry stock has good experences, he can take me fry stock, at the beginning of evaluation is good, it easy to get others trust.Later he said the stock market is too bad, London gold can make big money than that, let me through the high gold industry to invest.I thought of them (and three other so-called teachers, contact information has not been withdrawn.Other still have a few cheater, for instance QQ498213128) so fierce, follow affirmation to make money, did not think behind they all the time shout in the group anti-single, make oneself loss nearly 20,000 after a lure

FX1059666531
2019-02-20
Exposure
The adviser in WeChat group introduced meYG GOLD, his order advice causing me to lose nearly 60,000

The platform URL: https://ygxau.com/ In March of this year, I met a netizen, the so-called "Haotian adviser", recommended em to join the live stream studio(to dance with the cow) , which offered stock analysis and bull stocks recommendations. He said he did very well in investing stocks. The analysis sounded good, so he gained my trust . Later, he said the stock market was currently unprofitable and is difficult to invest in then London gold. He added that, since China and US have a trade war, London gold investment must be very profitable. He let me open an account on YG GOLD. I tthough they (there are other so-called advisers: the studio’s anchor Sisi, Liu Shuang, Tian Jian, Liu Yang, the contact information is not given) were so powerful and I must earn money with their advice. So I opened an account. They asked us to deposit money immediately after that. And a adviser gave us order recommendations at once. Afterwards, they always gave advice in the studio. They said the amount of money decided the ranks of team. They also set up a "Nuggets Plan", and I increased deposits after their temptation. In the end, I suffered a loss of nearly 60,000.

FX5549757481
2018-12-14
Exposure
YG GOLD 's clerk conspired to defraud investors

In 2018.6 month stock, I usually do is somehow pulled into a stock WeChat group, did not think wrong, then tell us the inconvenience through communication, let's go into the studio and make assistant help me to open the studio account, classes every day, and later by understanding are familiar with, and have no idea, learn stock knowledge also quite good, but in hindsight once studio teacher lectures proposal to create a team, we all special believe him at that time, I have been to us later how to earn foreign exchange, stock trading way to compare,And uncertain when many do foreign exchange earnings snapshot in group, told us the international gold, easy and good to make money, can buy more, buy air, no major capital, let me move unceasingly, then studio send us the QQ account commissioner of YG GOLD registered teaches us to open an account, also said that accounts do not charge any fees, not does not matter, proceeds with the teacher protection, have I also inspired in the group of friends together opened the door and asked us to immediately after it is good to open door has the teacher provide to shout a single into gold at once, so a total of more than to spend nearly forty back and forth, each time to earn a little teacher will let us money can increase profits,Short almost losses of $fifty-five thousand a month later, after the teacher said in the group of not shout a single, send information to ask the teacher, the teacher said volatility is not to be, first in the later I will send what information found that the teacher also don't reply, platform also limits the my account, let's put the rest of the money the king said to upgrade system platform, afterwards I found myself to be deceived.

狄云超
2018-12-04
Exposure

Fraud platform gives no access to withdrawal.Many clients have encountered with this.

FX4279813475
2018-11-13
Exposure
YG GOLD scammed me.

YG GOLD’s agent deliberately gave me wrong directions and urged me to deposit more. I lost all of my money. All my money didn’t go the market. They built a virtual market. I want them compensate me!

FX6469653931
2018-11-05
Exposure
Fraud by Yigao

I was fallen the pitfall by 111’s marketing in May this year. I lost a total of more than 170,000 yuan. Later,it agreed to compensate me 100000 RMB after negotiation.The first amount of 50000 RMB was transferred into my account.They agreed to transfer the remaining fund after I sent the agreement to Hong Kong,while they reported to the police,thus my bank account was frozen.I can’t pay off my loan,which has a serious impact on my body and mind. This platform not only deceives people but also disgusts people.

FX2949685772
2018-11-05
Exposure
YG GOLD deliberately gave me wrong investment directions.

They invited me to a Wechat stock group and gave people wrong trading directions to make us lose all our money.

FX9609403062
2018-08-16
Exposure
YG GOLD’s deposit payee contact number is fake

I was induced by someone on Wechat who helped me to open an account. Their contact number is fake.

FX9609403062
2018-08-16

  

Yg Gold 2025 Review: Everything You Need to Know

  Summary: Yg Gold has garnered a mixed reputation in the forex trading community. While it offers a variety of trading options and competitive spreads, its lack of regulatory oversight raises significant concerns. Users should be cautious, especially given the absence of robust educational resources and market analysis tools.

  Note: It's important to recognize that Yg Gold operates as an unregulated broker, which can vary significantly across regions. This review aims to provide a balanced perspective based on the latest information available.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 4
Customer Service and Support 7
Trading Experience 6
Trustworthiness 3
User Experience 5

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.

  

Broker Overview

  Founded approximately 5 to 10 years ago, Yg Gold operates out of Hong Kong and is known for its diverse trading options, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The platform primarily utilizes the MT4 trading software, which is widely recognized for its user-friendly interface and robust trading features. However, Yg Gold lacks regulatory oversight, which is a critical factor for many traders when choosing a broker.

  

Detailed Analysis

  •   Regulatory Regions: Yg Gold operates without regulation, which is a significant red flag for potential users. Unregulated brokers can expose traders to higher risks, including fraud and market manipulation. According to WikiFX, this absence of oversight raises concerns about transparency and accountability.

  •   Deposit/Withdrawal Options: The broker supports various payment methods, including bank transfers, credit/debit cards, and cryptocurrency deposits. The minimum deposit required to open an account is HKD 250, making it relatively accessible for new traders. However, the lack of a clear withdrawal process and potential fees associated with withdrawals can be a concern.

  •   Bonuses/Promotions: Information regarding bonuses and promotions was not prominently featured in the search results. This could indicate a lack of aggressive marketing strategies, or simply that Yg Gold does not offer such incentives, which is common among unregulated brokers.

  •   Tradable Asset Categories: Yg Gold provides access to a wide range of assets, including forex pairs, stock CFDs, indices, commodities, and cryptocurrencies. This variety allows traders to diversify their portfolios effectively. However, the lack of comprehensive market analysis tools could hinder traders' decision-making processes.

  •   Costs (Spreads, Fees, Commissions): The spreads offered by Yg Gold vary by account type. Standard accounts feature floating spreads starting from 0.7 pips, while ECN accounts have raw spreads beginning at 0.0 pips. However, the absence of clear information on commissions and additional fees can lead to confusion and unexpected costs for traders.

  •   Leverage: Yg Gold offers a maximum leverage of 1:30 across all account types. While this can amplify potential profits, it also increases the risk of significant losses, particularly for inexperienced traders.

  •   Allowed Trading Platforms: The primary trading platform for Yg Gold is the widely-used MetaTrader 4 (MT4), known for its extensive features, including automated trading capabilities through Expert Advisors (EAs). This platform is suitable for both novice and experienced traders.

  •   Restricted Regions: The search results did not specify any particular restricted regions, but the lack of regulation may limit its appeal in jurisdictions with strict trading laws.

  •   Available Customer Support Languages: Yg Gold provides customer support in Chinese (simplified), with 24/5 availability via live chat, email, and phone. While this is a positive aspect, the overall effectiveness of customer support remains questionable, especially given the concerns about regulatory oversight.

      

  •   

    Repeated Ratings Overview

    Category Rating (out of 10)
    Account Conditions 6
    Tools and Resources 4
    Customer Service and Support 7
    Trading Experience 6
    Trustworthiness 3
    User Experience 5

      

    Detailed Breakdown

    •   Account Conditions: The minimum deposit is HKD 250, which is attractive for new traders, but the lack of regulatory protection is a significant downside.

    •   Tools and Resources: Yg Gold's educational resources are limited, which can be a major drawback for novice traders seeking guidance. The absence of comprehensive educational materials, such as user guides and webinars, may hinder user success.

    •   Customer Service and Support: While Yg Gold offers 24/5 support, the effectiveness of this service remains uncertain due to the lack of regulatory oversight. Users should prepare for potential delays or issues when seeking assistance.

    •   Trading Experience: The MT4 platform enhances the trading experience, but the lack of transparency in fees and the absence of market analysis tools can detract from the overall experience.

    •   Trustworthiness: The absence of regulation is a major concern, leading to a low trust rating. Users should exercise caution and conduct thorough research before engaging with this broker.

    •   User Experience: Overall user experience is average, with some positive aspects like diverse asset offerings, but overshadowed by concerns regarding trust and transparency.

      In conclusion, the Yg Gold review reveals a platform with potential but significant risks. Traders should weigh the pros and cons carefully, especially considering the lack of regulatory oversight and limited educational resources. Engaging with Yg Gold requires a cautious approach, and potential users are encouraged to conduct thorough research before deciding to trade.

YG GOLD review