Resumo: Founded in 2016, YaMarkets is a forex broker based in Saint Vincent and the Grenadines, offering trading services, including Forex, Commodities, Indices, Cryptocurrencies. The broker also provides access to both the popular MetaTrader 4 and MetaTrader 5 trading platforms, giving traders a choice of trading interfaces and a range of advanced trading tools and features. These platforms are highly customizable and can be used on desktop or mobile devices, providing flexibility and convenience to traders on the go. YaMarkets offers high leverage of up to 1:1000, allowing traders to potentially amplify their gains. The broker also has a low minimum deposit requirement of $10, making it accessible to traders with various budget sizes.
YaMarkets | Basic Information |
Registered Country | Saint Vincent and the Grenadines |
Founded | 2016 |
Regulation | FSC (Offshore), FSCA (Exceeded) |
Trading Assets | Forex, Commodities, Indices, Cryptocurrencies |
Account Types | Ultimate, Standard, Royale, ECN |
Demo Account | ✔ |
Islamic Account | ✔ |
Maximum Leverage | 1:1000 |
Spread | From 0.0 pips |
Trading Platform | MT4, MT5 |
Minimum Initial Deposit | $10 |
Base Currencies | USD, EUR |
Payment Methods | Cashfree, PayUmoney, Quick Paytm, VISA, MasterCard, Bitcoin, Ethereum, Altcoins, Perfect Money, Neteller, Skrill, Local Deposit (India,Srillanka, Hong Kong, Indonesia). |
Customer Support | 24/7 - online chat, contact form, phone: +971 44106735, Email: info@yamarkets.com |
Tradable Bonus | 10% |
Founded in 2016, YaMarkets is a forex broker based in Saint Vincent and the Grenadines, offering trading on Forex, Commodities, Indices, Cryptocurrencies through the popular MetaTrader 4 and MetaTrader 5 trading platform. YaMarkets offers high leverage of up to 1:1000, allowing traders to potentially amplify their gains. The broker also has a low minimum deposit requirement of $10, making it accessible to traders with various budget sizes. Another notable feature of YaMarkets is its 24/7 customer support, which is available via live chat, contact form, phone and email.
YaMarkets is operating under the offshore regulation of the Financial Services Commissions (FSC) in Mauritius, with its license number C165091.
But it 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!
YaMarkets offers some attractive features for traders, such as low minimum deposits, high leverage, a wide range of trading instruments, and a choice of account types. However, about their regulation, is not good enough, only an FSC offshore regulation and an exceeded FSCA license. Also, various fees are charged, not only trading fees like spreads and commissions, but also non-trading fees like withdrawal fee, inactivity fee, and currency conversion fee.
Pros | Cons |
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YaMarkets offers four classes of popular and mainstream trading instruments to its clients. These include:
However, YaMarkets does not support popular stock trading, as well as some other assest classes like Futures, Options, and ETFs.
Tradable Assets | Supported |
Forex | ✅ |
Commodities | ✅ |
Indices | ✅ |
Cryptocurrencies | ✅ |
Stocks | ❌ |
Futures | ❌ |
Options | ❌ |
ETFs | ❌ |
YaMarkets offers four types of trading accounts targeting various client groups:
YaMarkets offers demo accounts to its clients. With YaMarkets' demo accounts, traders can access all the features and trading instruments offered by the broker without risking their capital.
To open a demo account with YaMarkets, traders can simply fill out the registration form on the broker's website and choose the demo account option. Once the registration process is complete, traders will receive a username and password to access their demo account.
While demo accounts offer a simulated trading environment, they may not always accurately reflect the market conditions and price movements of a live trading account. Therefore, it's important to use demo accounts as a tool to practice and improve trading skills, but not rely solely on them for making trading decisions in a live account.
Opening an account with YaMarkets is a straightforward process:
YaMarkets offers leverage up to 1:1000, which is relatively high compared to many other forex brokers. However, leverage varies depending on the account type. For Ultimate and Standard accounts, the maximum leverage is 1:500, while for Royale and ECN accounts, it is 1:300 and 1:200, respectively.
It is worth noting that high leverage can be both a blessing and a curse. While it can amplify potential profits, it can also lead to significant losses if the market moves against the trader.
When it comes to trading, one of the most important factors to consider is the fees involved. As for YaMarkets, this broker offers competitive spreads and commissions that may vary depending on the account type.
For instance, the Ultimate and Standard accounts offer spreads starting from as low as 0.2 pips and 1.2 pips respectively, while the Royal and ECN accounts offer spreads starting from as low as 0.0 pips and 0.1 pips respectively.
As for the commission, the Ultimate and Standard accounts have no commission fees, while the Royal and ECN accounts charge a commission fee of $2 and $5 per lot traded, respectively. While the spreads and commissions offered by YaMarkets are competitive, they may vary depending on the trading instrument and market conditions.
Apart from trading fees, there are other fees that traders should take into consideration when choosing a broker. These fees are often referred to as non-trading fees and include deposit and withdrawal fees, inactivity fees, and currency conversion fees. Let's take a closer look at the non-trading fees charged by YaMarkets.
Deposit and withdrawal fees: YaMarkets does not charge any deposit fees for most payment methods. However, if you use a bank transfer to deposit funds into your account, you may incur some fees imposed by your bank. As for withdrawals, there are no fees for using most payment methods. However, if you make a withdrawal via bank transfer, a fee of $25 may be charged.
Inactivity fee: If you don't log in to your YaMarkets account for more than 60 days, an inactivity fee of $50 will be charged. This fee will be deducted from your account balance each month until you log in again.
Currency conversion fee: If you make a deposit or withdrawal of a currency that is different from the base currency of your account, YaMarkets will convert the amount at the prevailing exchange rate. A currency conversion fee of 2% may apply to such transactions.
Non-trading Fees | Details |
Deposit Fee | None |
Withdrawal Fee | $25 (Bank Transfer only) |
Inactivity Fee | $50 (over 60 inactive days) |
Currency Conversion Fee | 2% |
YaMarkets offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients. These platforms are widely used in the forex trading industry and are known for their user-friendly interface and advanced features.
MT4 is a powerful and versatile platform that allows traders to access a wide range of markets, including forex, commodities, and indices. It provides advanced charting capabilities, trading signals, and the ability to use automated trading strategies through expert advisors (EAs). Additionally, MT4 is known for its stable performance, even during high volatility market conditions.
MT5, on the other hand, is the newer version of the MetaTrader platform and provides many of the same features as MT4, but with some additional enhancements. For example, MT5 has more advanced charting tools, improved back-testing capabilities, and the ability to trade on exchange-traded products such as stocks and futures.
Both platforms also offer mobile versions for traders who want to stay connected to the markets on-the-go. The mobile versions have many of the same features as the desktop versions, including the ability to place trades, view charts, and monitor open positions.
YaMarkets offers a minimum deposit of only $10, making it accessible for traders with limited funds to start trading in the forex market. YaMarkets offers a wide range of deposit and withdrawal options that cater to traders in various regions. The broker allows clients to deposit funds without any additional fees, which is a plus for traders who want to save on transaction costs. YaMarkets accepts deposits via multiple payment methods, including Cashfree, PayUmoney, Quick Paytm, VISA, MasterCard, Bitcoin, Ethereum, Altcoins, Perfect Money, Neteller, Skrill, and Local Deposit (India, Sri Lanka, Hong Kong, Indonesia). These payment options ensure that traders can easily fund their accounts regardless of their location.
When it comes to withdrawals, YaMarkets does not charge any fees for withdrawals. However, clients may incur fees from their payment method provider or bank. The processing time for withdrawals may vary depending on the payment method selected and the client's location. The broker aims to process withdrawal requests within 24 hours, but it may take up to 3-7 business days for the funds to be credited to the client's account, depending on the payment method and location.
24/7 - live chat, contact form
Phone: +971 44106735
Email: info@yamarkets.com
Social media: Facebook, Twitter, LinkedIn, Instagram, Pinterest, YouTube
Physical Address: 701- Nassima Tower, Sheikh Zayed Road Dubai
Registered Address:
C/o Legacy Capital Co. Ltd., Level-2, Suite 201, The Catalyst, 40 Silicon Avenue, Cybercity, Ebene – 72201, Mauritius
Suite 305, Griffith Corporate Centre, Kingstown P.O. Box 1510, Beachmont Kingstown St. Vincent & the Grenadines
YaMarkets stands out among brokerages for its robust educational offerings. Their platform boasts various video content, covering everything from market basics to advanced trading strategies.
Newcomers can start with introduction videos for a broad market overview, while more experienced traders can dive into technical analysis and featured trading ideas. The web TV section keeps users up-to-date on market-moving events, and the new analysis area offers fresh insights on emerging trends.
Live webinars, led by seasoned traders, provide an interactive learning experience. Participants can engage directly with experts, asking questions and getting real-time feedback on topics ranging from trading fundamentals to complex strategies.
For self-paced learners, YaMarkets offers a suite of tools. Their economic calendar highlights upcoming market-impacting events, while a calculator helps traders estimate potential profits and losses. Tutorial playlists round out the offering, providing step-by-step guidance on various trading topics.
Overall, YaMarkets is an offshore-regulated online forex broker that offers some popular trading instruments, flexible account types, and solid educational resources, and it also allows small-budget trading from $10. However, it is important to consider the trading fees associated with YaMarkets, such as spreads and commissions, which may vary depending on the account type. Besides, the broker also charges some non-trading fees, such as inactivity fees, which may add up over time.
Is YaMarkets legit?
Yes, YaMarkets currently operates legally, and it is offshore regulated in Mauritius.
What is the minimum deposit required to open an account with YaMarkets?
$10.
Is demo trading available atYaMarkets?
Yes. It offers risk-free demo accounts.
DoesYaMarkets offer MT4/5?
Yes. Both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available.
Is YaMarkets a good broker for beginners?
Generally, YaMarkets may not be a good choice for beginners. Although this broker requires low capital to start trading, it is regulated offshore.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.