YIDUGJ GLOBAL LTD is a futures brokerage firm registered on its official website on August 26, 2023. It primarily offers financial trading services such as forex, stocks, futures, indices, commodities, precious metals, and cryptocurrencies to investors. The company's headquarters address is undisclosed. The brokerage does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration Information and Regulatory Status:
According to publicly available information on its website, YIDUGJ GLOBAL LTD is registered with the National Futures Association (NFA) in the United States and is regulated by it, with registration number 0559345. However, the broker's website does not display any entity registration information for YIDUGJ GLOBAL LTD, making it difficult to determine its registration time, address, or existence. As of November 30, 2023, the broker's website has been registered for just three months.
Upon verification, it was found that the broker is only registered as a non-member entity with the NFA, lacking authorization and regulation by the NFA. This constitutes false advertising.
Account Opening:
To open an account with YIDUGJ GLOBAL LTD, one can visit the broker's official website, click on "Open Real Account" on the homepage, fill in personal information such as name, nationality, email, phone number, address, and gender, set a login password, and upload identification documents. Successful registration is subject to information approval before depositing and trading.
Account Types:
YIDUGJ GLOBAL LTD has not disclosed the types of accounts it offers, including leverage for trading instruments other than cryptocurrencies, trading spreads, minimum deposit amounts, maximum/minimum trade volumes, maximum position sizes, additional margin levels, stop-loss margin levels, overnight interest, trading commissions, and other account information. The broker provides floating spreads for cryptocurrencies, a 1:3 leverage, a 30% additional margin level, a minimum trade size of 0.01 lots, and no maximum trade volume limit.
Trading Platform:
YIDUGJ GLOBAL LTD provides a proprietary trading platform for users, including desktop and mobile versions.
Deposits and Withdrawals:
The broker's website does not disclose the supported methods for deposits and withdrawals.
Customer Support:
Customers can only contact YIDUGJ GLOBAL LTD through email at support@yidugj.com, limiting communication options.
Summary:
Traderknows advises investors that YIDUGJ GLOBAL LTD's corporate entity information is opaque. The broker is only registered as a non-member with the NFA, lacking NFA regulation and oversight, as well as regulation from other official financial regulatory authorities in jurisdictions. Key trading information such as account types, trading spreads, minimum deposit amounts, maximum/minimum trade volumes, maximum position sizes, trading leverage, trading commissions, overnight fees, and other critical information are undisclosed. The broker only provides a proprietary trading platform, has limited communication options through email, and unclear deposit/withdrawal methods. As of November 30, 2023, the broker's website domain registration is just three months old.
Therefore, Traderknows recommends investors choose platforms with transparent information, legal regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is flagged as "suspected fraud" on Traderknows.
