Is YesTrading Scam or Legit Broker?

Diamond Global Ltd has been suspected as a scam broker. It operates under the brand name YesTrading brokerage firm that provides online currencies and CFDs trading services. The company is registered in the Marshall Islands, an offshore zone, and does not hold any authorization or license to perform financial services. 

About YesTrading
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is YesTrading safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is YesTrading?

YesTrading is a forex and CFD broker. The brand is owned and operated by Diamond Global Ltd., registered in the Marshall Islands.

Besides the fact that the company is registered offshore, they don't have any addresses. The only contact details are the Norwegian and Irish phone numbers, which means that YesTrading is targeting European residents, although it is not registered to provide financial services in Europe or any other country.

  • We recommend trading only with brokers regulated by serious financial authorities. For obtaining an STP FCA license, the required capital for the broker to have is EUR 125,000. Also in order to get this type of license, the broker needs to have a physical office in the UK.

YesTrading Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities and comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as HotForex, and BlackBull Markets.

YesTrading Update

We found that the YesTrading website is inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

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