Score

6.72 /10
Average

YaMarkets

Saint Vincent and the Grenadines

5-10 years

Regulated in Mauritius

Retail Forex License

MT4 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

Offshore Regulated

C

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Comparison

Quantity 5

Exposure

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Website

Score

Regulatory Index5.87

Business Index7.24

Risk Management Index8.22

Software Index8.50

License Index5.87

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

YAMARKETS LIMITED

Company Abbreviation

YaMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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WhatsApp

  • 35724021651

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2025-02-02
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 51192)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The Mauritius FSC regulation with license number: C165091 is an offshore regulation. Please be aware of the risk!

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Pyramid scheme complaint
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YaMarkets · Company summary
YaMarketsReview Summary
Founded2016-08-23
Registered Country/RegionSaint Vincent and the Grenadines
RegulationOffshore regulated(SFC)/Exceeded(FSCA)
Market InstrumentsIndices/Stocks/Currencies/Crypto Currencies
Demo Account
LeverageUp to 1:1000
SpreadFrom 0 pips
Trading PlatformMT4/MT5(Web/Mobile/Desktop)
Min Deposit$1
Customer SupportPhone: +971 44106735
Email: support@yamarkets.com
Facebook/Twitter/LinkedIn/Instagram/Pinterest/YouTube
Live chat

YaMarkets Information

Established in 2016, YaMarkets offers a trading environment for Contracts for Difference (CFDs), encompassing FX currency pairs, stock indexes, metals, and energy. The broker also provides five accounts with a maximum leverage of 1:1000. The minimum spread is from 0 pips and the minimum deposit is $1. YaMarkets is still risky due to its offshore regulated and exceeded status, high leverage, and bad reviews about difficulty withdrawing money.

YaMarkets Information

Pros and Cons

Pros Cons
MT4/MT5 availableOffshore regulated/Exceeded
Spread as low as 0 pipsHigh max leverage
Demo account availableNegative comments about difficulty in withdrawal
Various tradable instrumentsUnspecific transfer time and fee information
No 24/7 customer support

Is YaMarkets Legit?

YaMarkets regulates FSC and FSCA with license numbers C165091 and 51192 respectively. The License Types are Retail Forex License and Financial Service Corporate respectively. However, the 'offshore regulated' and 'Exceeded' current status is less safe than the regulated one.

Is YaMarkets Legit?
Is YaMarkets Legit?
Is YaMarkets Legit?

What Can I Trade on YaMarkets?

YaMarkets offers access to 100+ market instruments, including indices, stocks, currencies, and cryptocurrencies.

Tradable Instruments Supported
Indices
Stocks
Currencies
Crypto Currencies
Forex
Commodities
Precious Metals
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on YaMarkets?

Account Type

YaMarkets has five account types: ultimate, standard, royale, ECN, and women thrive. Traders who want low spreads can choose a Women Thrive account and those who want a low leverage and with a sufficient budget can choose an ECN account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).

Account Type UltimateStandardRoyaleECNWomen Thrive
Minimum Deposit$10$500$2500$5000$1
Minimum trading volume0.010.010.010.01-
Swap free accountYesYesYesYes7 days free
Spread starts from1.8 pips1.5 pips1 pips0.1 pips0
CommissionNoNoNoYes$2
Leverage1:10001:10001:5001:2001:300

YaMarkets Fees

The spread starts from 0 pips andthe commission is from 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

YaMarkets cooperates with the authoritative MT4 and MT5 trading platforms, which are available on the Web, Windows, iOS, Android, and APK File. Junior traders prefer MT4 over MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4Web/Mobile/DesktopJunior traders
MT5Web/Mobile/DesktopExperienced traders
Trading Platform
Trading Platform

Deposit and Withdrawal

The first deposit amount must be $1 or above. YaMarkets accepts Mastercard, Bank Transfer, Lipi, Visa, Phonepe, Net Banking, and Pay App for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

News

NewsBecome Women Brand Ambassador of Yamarkets

If you are a woman who wants to earn and inspire other women. YaMarkets brings you an exclusive earning opportunity of a lifetime. You can join it's Become Women Brand Ambassador program.

WikiFX
2025-01-22 17:43
Become Women Brand Ambassador of Yamarkets

NewsYAMARKETS' Jingle Bells Christmas Offer!

YaMarkets Announces Exciting Christmas Offer! YaMarkets is spreading cheer with an exclusive Christmas offer that's sure to delight traders. For a limited time, new and existing clients can enjoy a Tradable Bonus of up to 30% on their deposits.

WikiFX
2024-12-24 18:58
YAMARKETS' Jingle Bells Christmas Offer!

NewsYaMarkets Launches "YaMarkets Al"- Trade Analysis Tool

YaMarkets has recently introduced the YaMarkets Al-Trade Analysis Tool. Traders can now leverage YaMarkets Al to enhance their trading strategies and optimize their performance in the dynamic financial markets.

WikiFX
2024-07-04 16:06
YaMarkets Launches "YaMarkets Al"- Trade Analysis Tool

ExposureCheckout YaMarkets Review: Key Features & More

Founded in 2016, YaMarkets is a forex broker based in Saint Vincent and the Grenadines, offering trading services, including Forex, Commodities, Indices, and Cryptocurrencies. The broker also provides access to both the popular MetaTrader 4 and MetaTrader 5 trading platforms.

WikiFX
2024-04-24 17:30
Checkout YaMarkets Review: Key Features & More

User Reviews

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User comment

28

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Mustafa Yilmaz 31
0-3months
Hello, I deposited money to your company and made a transaction. I made a profit withdrawal. Then they deleted my bonus. Then I continued to make transactions. Then I created a withdrawal request. My money has not arrived since Thursday, it is constantly being said that it will arrive, but today I received an e-mail saying that you have violated it. I do not think that I have violated anything, they have upset me irresponsibly without providing me with evidence and detection, I have decided not to work with your company again, send me my money, otherwise, I will file my complaint with all the regulations, there are photos and videos of the transactions, and I will continue to declare my complaint on all social media, please contact me. They lie and always hesitate to pay. Login no : 752474 mustafayilmaz81860@gmail.com
Hello, I deposited money to your company and made a transaction. I made a profit withdrawal. Then they deleted my bonus. Then I continued to make transactions. Then I created a withdrawal request. My money has not arrived since Thursday, it is constantly being said that it will arrive, but today I received an e-mail saying that you have violated it. I do not think that I have violated anything, they have upset me irresponsibly without providing me with evidence and detection, I have decided not to work with your company again, send me my money, otherwise, I will file my complaint with all the regulations, there are photos and videos of the transactions, and I will continue to declare my complaint on all social media, please contact me. They lie and always hesitate to pay. Login no : 752474 mustafayilmaz81860@gmail.com
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2025-01-13 17:19
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FX2806523874
3-6months
My niece added 500 USD, then she got 395 and tried to withdraw, and waited 20 hrs, then told her this "Dear Client, This is to inform you that your withdrawal request has been put on hold and forwarded to our team for further investigation into the trading activity associated with your account. Our Customer Service Executive will respond within 24 - 48 hours. If your query requires further investigation and takes a longer time, we will keep you informed on the time required for resolution. Please note, if any suspicious activity is found, then the request will either be rejected or canceled. We request your patience and understanding in the interim." she even didn't get 50% bonus to say something like that!! don't add your money with this company, they will steal your money
My niece added 500 USD, then she got 395 and tried to withdraw, and waited 20 hrs, then told her this "Dear Client, This is to inform you that your withdrawal request has been put on hold and forwarded to our team for further investigation into the trading activity associated with your account. Our Customer Service Executive will respond within 24 - 48 hours. If your query requires further investigation and takes a longer time, we will keep you informed on the time required for resolution. Please note, if any suspicious activity is found, then the request will either be rejected or canceled. We request your patience and understanding in the interim." she even didn't get 50% bonus to say something like that!! don't add your money with this company, they will steal your money
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2024-10-24 23:26
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