Y&C Financial Investment is a forex broker registered in London, UK, on September 28, 2023. The broker primarily offers a variety of trading markets through its proprietary trading platform, including forex, metals, commodities, indices, etc., and does not operate in the United States, Iran, and North Korea, among other places.
Company Registration Information and Regulatory Status:
Public information on the official website of Y&C Financial Investment indicates that its registered entity in the UK is Y&C FINANCIAL INVESTMENT CO., LTD, with the company registration number 15172116. This entity is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Additionally, Y&C FINANCIAL INVESTMENT CO., LTD is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA), with MSB number 31000254808319 and NFA ID 0559240. Moreover, this broker is a registered member of THE FINANCIAL COMMISSION.
Upon verification, the official website of the Australian Securities and Investments Commission (ASIC) shows that license number 296805 corresponds to the business entity DLS MARKETS (AUST) PTY LTD, while the Vanuatu Financial Services Commission (VFSC) official website shows that the enterprise entity with license number 700455 is DLS MARKETS LIMITED. THE FINANCIAL COMMISSION does not list Y&C Financial Investment as a registered member, but DLS MARKETS can be found in the member directory. Therefore, it is confirmed that Y&C Financial Investment is a clone site of DLS MARKETS. The "Terms and Conditions" page on the broker's official website only displays icons, which in reality cannot be opened, unlike the authentic site DLS MARKETS, where documents are accessible.
Furthermore, this broker is registered as a non-member entity with the National Futures Association (NFA), which does not regulate it. The main business of the U.S. Financial Crimes Enforcement Network (FinCEN) is anti-money laundering and monitoring foreign exchange transactions; it does not regulate normal financial derivatives trading.
Account Opening:
To open an account with Y&C Financial Investment: Visit the broker's official website, click "Open Account" to enter the registration interface, enter your personal email address and click "Send". The broker will send a verification code via email. After setting up a login password and entering the verification code, the submission will complete the registration. After logging in, complete the full KYC verification to proceed with deposits and trading.
Account Types:
Y&C Financial Investment offers users two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit: $200
- Spread: From 1.0 pips
- Maximum leverage: 1:500
- Trading commission: $0
ECN ACCOUNT
- Minimum deposit: $200
- Spread: From 0 pips
- Maximum leverage: 1:500
- Trading commission: $6 per round trade commission
Trading Platform:
Y&C Financial Investment claims to provide the MT4 trading platform on its official website, but in reality, it uses a proprietary trading platform. The broker is not listed on MT4.
Deposits and Withdrawals:
Y&C Financial Investment supports deposits and withdrawals using credit/debit cards, e-wallets, and bank wire transfers.
Summary:
Traderknows reminds investors that Y&C Financial Investment is a fraudulent website of the shell broker DLS MARKETS. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
