Score
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Regulatory Index0.00
Business Index3.81
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
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Company Name
Tag Markets Ltd
Company Abbreviation
Yoo Trade
Platform registered country and region
United Arab Emirates
Company website
YouTube
Company summary
Pyramid scheme complaint
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| Yoo Trade Review Summary | |
| Founded | 2024 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | CFDs, Forex, Indices, Commodities, Metals, etc. |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | Yoo Trade Platform |
| Min Deposit | $50 |
| Customer Support | Contact form |
| Tel: +971542288006 | |
| Email: support@yootrade.app, info@yootrade.app | |
| Facebook, Instagram, Twitter, YouTube, WhatApp | |
| Address: Office 412, Sony Building, Al Raffa, Bur Dubai, UAE | |
| Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines | |
| Saint Lucia Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia | |
| Regional Restrictions | Syria, 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 | Cons |
| Various trading options | Not regulated |
| Tiered accounts | Quite new in the market |
| No commissions | No demo accounts |
| Affordable minimum deposit | Unclear fee struture |
| Popular payment options | No MT4/5 supported |
| Multiple contact channels | Do not service clients from several regions |
| 24/7 customer support |
No, Yoo Trade is not regulated by any reputable financial body. Please be aware of the risk!
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 | ❌ |
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 Type | Min Deposit | Max Deposit |
| CLASSIC | $50 | $1,000 |
| GOLD | $1,000 | $3,000 |
| PLATINUM | $3,000 | $10,000 |
| ELITE | $10,000 | Unlimited |
| RAW | $20,000 | Unlimited |
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.
Yoo Trade offers spread from 0.2 pips and no commissions for all five account types.
| Trading Platform | Supported | Available Devices | Suitable for |
| Yoo Trade Platform | ✔ | Web, Desktop, Mobile | / |
| MT5 | ❌ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Yoo Trade accepts payments via Skrill, Mastercard, Visa, Neteller, and others.
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2024-08-02 18:58
