YAIBrokers

YAIBrokers Information

YAIBrokers, founded in 2015 and registered in Canada, claims to be regulated by Cambodia's Securities and Exchange Regulator, albeit this is not verified. It provides high-leverage trading (up to 1:2000) on over 500 assets, including FX, indices, commodities, precious metals, and cryptocurrencies, using MT5. The broker offers several account kinds, including swap-free options, and charges fair fees with minimal spreads. However, it does not provide services for residents from certain areas.

Pros and Cons

Is YAIBrokers Legit?

YAIBrokers claims to be licensed by the Securities and Exchange Regulator of Cambodia (SERC) under license number 033 and holds a Common Financial Service License. However, the licensing status is now unverified, and the broker is not one of the fully regulated businesses publicly confirmed by the SERC.

What Can I Trade on YAIBrokers?

YAIBrokers provides access to over 500 instruments from a wide range of asset sectors, including forex, indexes, energies, precious metals, and cryptocurrencies.

Account Types

YAIBrokers has four types of live trading accounts, each with unique trading conditions, spreads, and swap rules. In addition, they offer swap-free (Islamic) account alternatives on select account types, as well as a demo account for practice.

Leverage

YAIBrokers provides leverage of up to 1:2000, allowing traders to control much larger positions with relatively little capital. While high leverage might boost prospective earnings, it also raises the possibility of significant losses.

YAIBrokers Fees

YAIBrokers has exceptionally reasonable trading costs, with raw spreads on major currency pairs starting as low as 0.2 pips and gold spreads starting at $0.11. While RAW accounts have a $3.75 per side commission, Standard accounts are commission-free, lowering the broker's overall cost structure compared to many industry counterparts.

Trading Platform

Deposit and Withdrawal

YAIBrokers does not typically impose fees for deposits or withdrawals, with occasional exceptions for low trading volume or specific tactics. The minimum deposit for e-wallets is normally $5 USD, whereas most other methods require $500 USD/EUR/GBP.