YLDFX (Yldfx.com) is a brutal CFDs and Forex broker who is out to commit some serious fraud. YLD FX is enticing users to sign up thanks to empty claims and promises. Investors are promised to have a reliable, simple, and innovative trading experience. Before signing up, make sure you read what we found out regarding this broker. Go through this detailed and honest YLDFX Review and find out the truth.
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After receiving numerous email complaints from members, we knew something was amiss. One member claims to have lost over $2,500 within a matter of minutes. Doesn’t this broker protect users from negative balance protection? Professional scam artists will clone a trading website and entice investors to sign up. YLDFX is using call agents to lure investors to sign up. They will call you and profess to have a way of making your investment profitable within a short period of time.
Once you sign up with this broker, all they want from you is your hard earned funds. Most members are ruing signing up with this broker for a number of reasons. One main reason is lack of proper withdrawal methods. It seems this broker is refusing members access to their funds. And this is where we draw the line with YLDFX. Make sure to read this review and find out some of the hidden tricks used by this broker. You won’t believe what scam artists will do to ensure you deposit funds with them.
Most details regarding this broker are sketchy to say the least. Lack of proper information regarding ownership is staggering. Who are the founding members of this platform? Why can’t we get the actual names of people behind this website? Who is running the show behind the curtains? This is what makes YLDFX a certified scam. Stay away from this broker as they are simply anonymous. Numbers used in this website are virtual numbers and not actual. Stay away!
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It would seem we are dealing with an offshore brokerage site. Offshore brokers are known to create trading websites and leave their names out of it. For all we know, we could be dealing with an illicit money laundering website. Dealing with offshore brokers will lead to more harm than good. Stay clear of this broker and make sure to use credible entities at all times. Offshore brokers are known to break rules and run away with investors funds. You have been warned.
After checking with a few regulatory bodies, we knew this broker is dealing illegally. Regulatory bodies such as ASIC, CySEC, FCA, and NFA all have not licensed YLDFX. Why has this broker failed to reveal their licensing or registration number? A real broker will post details of their licensing to prove authenticity. Whoever signs up with YLDFX is trading with an illicit broker. Make sure to go for brokers who have been licensed by the above regulatory bodies.
What we noticed odd with this broker is lack of proper details concerning legal agreements. Their website lacks any details regarding client agreement. Why are they trying to hide details regarding important and vital documents? These are scam artists who will do or say anything to ensure users sign up. Whoever signs up with this broker is dealing with an illicit broker. Stay away from any brokers who share similar characteristics. Make sure to use brokers with credible trading licenses.
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One perturbing issue we found with this broker is using a rigged demo account. Scam artists will use a rigged demo account to sway investors to sign up. Their demo account produces over 98% successful trades. Remember a demo account uses virtual money which is not real. Professional scam artists will entice members to sign up by having rigged results. A demo account which produces over the moon results is most likely a rigged one. Stay away from YLDFX for obvious reasons.
By using a rigged demo account, users are enticed into believing this platform can make money. Once they sign up, they are supposed to open a real account and deposit real funds. After depositing funds, this is the last you will hear from them. Most members sign up hoping to mirror results found on a demo account. These scam artists will prey on this weakness and entice users to sign up. Any demo account which makes insane profit margins should be treated with suspicion.
YLDFX claims to use MT5 trading platform as their preferred tool for sessions. In order to test how well their platform works, we decided to download it. And this is where we noticed another major flaw with this broker. Go for brokers who offer stable platforms, unlike YLD FX. This platform could not complete set up and download process stalled at 45%. Meaning we are dealing with a platform which is unstable and lacks proper security features.
Hackers can easily penetrate this platform and steal important data. Credit card information as well as identity details is what hackers are after. Hackers will buy goods and services using your credit card details. In regards to identity details, these scammers will take loans using your data. Using unstable platforms will most likely lead to more harm than misery. Stay away from any platform which shares similar characteristics. YLD FX is a cruel broker with everything to lose.
Dealing with skilled brokers will help lead to a stable profit making trading experience. Go for brokers with a proven track record and stable reputation. Trading with brokers who are credible and dependable increases your chances of winning. Go for brokers who have built a solid trading reputation over the years.
Another shocking issue we found with this broker pertains to safety of funds. Why have they failed to show details regarding how funds are handled? Where do they bank funds deposited by members? Is it possible users are depositing funds straight to owner’s account? Dealing with brokers who fail to reveal a trading license is highly risky. Stay away from this broker as they don’t segregate accounts.
Merging of assets in one account is strictly prohibited. YLD FX is pooling funds in one account which is not acceptable by law. In case of bankruptcy, members will lose funds without warning. Stay away from brokers who are using rigged details.
All evidence clearly point YLDFX is a scam. Stay away from this broker and ensure you ignore all calls.
Adding this broker to our scam blacklist will help protect our readers. Ignore all attempts to click on any links sent by their email marketing team.
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Wishing you a successful trading experience.
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