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No Regulation
Score
1.45 /10
Danger
Yomani
Add brokers
Comparison
Quantity 1
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.56
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
ExposeGeneral Information & Regulation
Yomani is a Vanuatu-registered forex broker, operated by a company called Yomani INTERNATIONAL GROUP LTD. We can easily find out Yomani is an offshore broker without falling under any regulatory agency. Therefore, extra vigilance should be taken when investing with this broker.
Official Website Unavailable
Yomani official website cannot be opened at this stage, and we can only find minimal information through some brokers review website.
Market Instruments
Tradable financial instruments offered by Yomani include currency pairs, metals, oil and shares.
Minimum Deposit
Yomani does not tell us its minimum initial deposit requirement. But given the fact that Yomani is unregulated, it does not matter that much if it requires traders to deposit more or less for the first time.
Leverage
The maximum trading leverage offered by Yomani is up to 1:500. Since unregulated brokers shun leverage restriction, they love to use generous leverage to attract traders. Since leverage can magnify returns as well as potential losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
In terms of spreads and commissions, Yomani does not make this part clear, even the spread on the EUR/USD benchmark pair. Legit brokers tend to make its trading costs transparent to its traders while unregulated brokers love to hide their real trading fees to scam traders.
Trading Platform Available
Yomani offers MT4 trading platform (PC and Mobile). Yomani MT4 enables you to trade directly on a chart with one click. You can place, limit and stop loss orders, set and modify profits and stop loss and set trade alerts. Some powerful features of Yomani MT4 include:
Customizable Interface, including technical indicators of color
Customizable alerts
Compatible with ios, Android and Mac devices
Hanging order, stop profit and stop loss.
Customer Support
Yomani offers a poor customer support service, and they can only be contacted through email: support@mennemarket.com at this moment.
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