YS GLOBAL FINANCE MARKETS is a forex broker whose official website domain was registered on November 28, 2022. The broker primarily provides financial trading services in currency pairs, indices, blockchain, metals, and energy, with its company headquarters location unknown. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration and Regulatory Status:
Public information on the YS GLOBAL FINANCE MARKETS official website shows, "YS (MU) LTD holds a government regulatory license from Mauritius, with the number 190132, and its office address is: Level 6 Ken Lee Building, 20 Editb Cavell St, Port Louis, Mauritius. YS (USA) LTD holds a general license from the U.S. NFA, with the number 0552973. YS (USA) LTD also holds a U.S. MSB regulatory license, with the number 31000231441742." "The group, as an electronic trading member recognized by the Hong Kong Precious Metals Exchange, has its account funds jointly supervised by the Hong Kong government and the Hong Kong Precious Metals Exchange, among other institutions, and is a regular trader recognized by the trade field, under joint supervision by the Hong Kong government and the Hong Kong Precious Metals Exchange."
Upon verification, the entity registered with the U.S. National Futures Association (NFA) under the number 0552973 is YS GLOBAL FINANCE MARKETS LIMITED, and the entity registered with the U.S. Financial Crimes Enforcement Network (FinCEN) under the number 31000231441742 is also YS GLOBAL FINANCE MARKETS LIMITED. According to information from the FinCEN official website, this entity is registered in Colorado, USA, but the Colorado State Information Market does not list an entity named "YS GLOBAL FINANCE MARKETS LIMITED."
The Mauritius Financial Services Commission (FSC) cannot find brokers through their registration number, and the broker did not clearly state the full name of its entity registered in Mauritius, making it impossible to verify the entity's authenticity by name. A search of number 190132 in the Mauritius Corporate and Business Registration Department (CBRD) reveals an entity named AUGUSTIN BEARDA LIMITED, which is not authorized or regulated by the FSC, and its relationship with YS GLOBAL FINANCE MARKETS remains unclear.
The Hong Kong Precious Metals Exchange is merely an industry association practicing self-regulation, not a government regulatory authority with any supervisory powers, but it must report regularly to the Hong Kong Financial Services and the Treasury Bureau. The electronic trading member list of the association does not include a member named YS GLOBAL FINANCE MARKETS. Additionally, the broker's official website certification page can only be accessed through the Chinese version, while the English version link leads to an error.
Opening an Account:
To open an account with YS GLOBAL FINANCE MARKETS: visit the broker's official website, click on "Register" to enter the account registration interface, fill in personal information as required, and upload images of the front of your ID card and bank card. After completing and submitting the information, the account can be successfully registered, allowing users to deposit and trade.
Account Information:
YS GLOBAL FINANCE MARKETS offers users both demo and real trading accounts, with a stop-loss level set at 50%, a fixed spread of 50 points, and a minimum trading size of 0.05 lots. Information on trading leverage and position size is not disclosed.
Trading Platform:
YS GLOBAL FINANCE MARKETS claims to provide the YS MetaTrader trading platform on its official website, but the existence of this broker cannot be verified on either the MT4 or MT5 trading platforms.
Deposits and Withdrawals:
The broker has not disclosed the supported methods for deposits and withdrawals on its official website. For deposits, when using CNY, the minimum amount per transaction is 500U; when using USD, there is no limit. For withdrawals in CNY, the minimum amount per transaction is 500U; for USD withdrawals, there is no limit. Additionally, after depositing, completing the following deposit/lot requirements incurs no withdrawal fees: deposit 100 U, trade 0.1 lots; deposit 1000 U, trade 1 lot, and so forth. If the standard number of lots is not reached after depositing and a withdrawal is requested, a 5% handling fee is charged.
Summary:
Traderknows reminds investors that the corporate registration and regulatory information of YS GLOBAL FINANCE MARKETS is not transparent. The broker uses the MetaTradertrading platform, but the download links provided on the official website are inaccessible, and the existence of this broker cannot be verified on the MT4 and MT5 platforms. The methods supported for deposits and withdrawals are also not specified. Traderknows advises investors to stay away from YS GLOBAL FINANCE MARKETS when choosing a broker, and to opt for brokers that are transparent in information, strongly regulated, and have a good reputation, in order to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
