Yomani-Overview of Minimum Deposit, Spreads & Leverage

General 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:

ž Customizable Interface, including technical indicators of color

ž Customizable alerts

ž Compatible with ios, Android and Mac devices

ž 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.