YouTradeFX

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Broker YouTradeFX
Company YouTrade Capital Markets PTY LTD;
Youtrade holdings Limited BVI (reg.#1539926);
International Youtrade Investments MA Ltd.;
You Trade Holding (Cyprus) Ltd.;
Year since 2009
Headquarters Australia
Regulation ASIC(Australia), ACN 149 011 361 (#398528);
FCA(UK) (#548033)
Model ECN & MM
US Clients no
Min Deposit($) 500
ECN Account Min Deposit($) 500
ECN Commission($)/rtl(Round Turn Lot) $3 – $8
Offer Fixed Spread yes
Offer Variable Spread yes
EURUSD Lowest spreads (pips) 0.8
Account Currency USD, EUR, GBP, JPY, AUD
Max Leverage 400 (500 – ECN)
Minimal Lot 0.01
Deposit Method Bank Wire, Credit Card, Debit Card, -PrepaidMasterCard
Withdrawal method Bank Wire, Credit Card, -PrepaidMasterCard
Scalping
Hedging yes
All EAs Allowed yes
Currency Pairs 40+
Gold yes
Gold Spread(100oz) 70
Silver yes
Silver Spread(5000oz) 7
Oil yes
CFDs yes
Other Instruments Stocks, Futures, Indices, Commodities, Energies
MAM/PAMM Accounts MAM
Managed Accounts yes
Swap-free accounts yes
Segregated Accounts no
Interest on Margin no
Bonuses & Rewards yes
Trading contests yes
Trading platform MT5, MT4 (ECN), MT4, SirixSocialTrader
Platform Execution Instant execution
Platform Time Zone GMT+2
Trailing stops yes
OCO orders no
One-click execution yes
Trade with mobilephone yes
Trade in browser yes
API yes

Company: YouTrade Capital Markets PTY LTD; Youtrade holdings Limited BVI (reg.#1539926); International Youtrade Investments MA Ltd.; You Trade Holding (Cyprus) Ltd.;

Warning:

2013.9:  The license for International Youtrade Investments MA Ltd in Mauritius had been suspended.(FSC Mauritius Public Notice: Notice is hereby given that, in accordance with Sections 27(1) and 74(6)(a) of the Financial Services Act 2007 (the “Act”), the Investment Dealer (Discount Broker) Licence and the Category 1 Global Business Licence of International Youtrade Investments MA Ltd (the “Company”) are suspended on 05 September 2013 with immediate effect. In accordance with Sections 27(5) and 74(3) of the Act, the Company shall cease to carry out the activity authorised by its licences. However, it remains subject to the obligations of a licensee and to the directions of the Commission until the suspension of the licences is cancelled.Link 

2014.11:  ASIC had issued a warning about YouTradeFx.  

2015.1.13:  The French AMF issued a warning about unauthorized forex brokers in France. YouTrade FX is on the list. 

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2 thoughts on “YouTradeFX

  1. 14-306MR ASIC issues warning about unlicensed FX dealer YoutradeFX says:
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    ASIC has today cautioned Australian investors against dealing with the company or group YoutradeFX for trading in margin foreign exchange (FX).

    ASIC advises that YoutradeFX is not regulated by ASIC, nor is it licensed to trade in margin FX in Australia, as has been stated by several websites that review and comment upon FX trading.

    The company previously known as Youtrade Capital Markets Australia Pty Ltd is now known as Golden Sky Australia Pty Ltd and holds an Australian financial services (AFS) licence. The company was previously associated with the YoutradeFX group, however, since July 2014 and following inquiries by ASIC, it has not:

    been part of the YoutradeFX group
    provided FX trading or contracts for difference (CFDs), or
    operated under the name Youtrade Capital Markets Australia Pty Ltd.
    ASIC has issued this advice to ensure that investors do not unwittingly invest with YoutradeFX in the mistaken belief they are dealing with a licensed entity and are afforded certain protections that exist under the Corporations Act 2001.

    ASIC urges all investors considering trading in margin FX and other financial products to check they are dealing with an entity that is licensed in Australia, or authorised through an AFS holder and regulated by ASIC. This can be done by searching the Professional registers on our website.

    Investors located outside Australia should ensure the company they are dealing with is licensed to provide services in that jurisdiction with the local regulator. Links to the websites of international regulators that are members of the International Organization of Securities Regulators (IOSCO) are available on the IOSCO website.

    http://asic.gov.au/about-asic/media-centre/find-a-media-release/2014-releases/14-306mr-asic-issues-warning-about-unlicensed-fx-dealer-youtradefx

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    Feedback: 1 positive
  2. Paul_Hawkins says:
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    Interface is pretty spartan

    Did you find this review helpful? Yes   No