Ylehub FX is a forex broker established in the UK on November 27, 2023, mainly providing investors with financial derivatives trading services such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. This broker does not provide services to jurisdictions that may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to information publicly available on the official Ylehub FX website, the registered business entity of the broker is YLEHUB FX LIMITED, which is also registered with the United States Financial Crimes Enforcement Network (FinCEN) under the MSB registration number 31000234126807. However, a screenshot from FinCEN shown on its official website states YLEHUB FX LIMITED's MSB registration number as 31000259179125.
Upon verification, it was found that the broker's business entity registered with the UK's Companies House, YLEHUB FX LIMITED, has the company registration number SC790545, with the registered address at Flat 206 Gallery Apartments 2 Port Dundas Place, Glasgow, Scotland, G2 3LD. The entity successfully registered with the United States Financial Crimes Enforcement Network (FinCEN) on November 29, 2023, under the MSB registration number 31000259179125. It was also found that the MSB registration number 31000234126807 belongs to the business entity SSJTCF GROUP LIMITED. However, FinCEN's mission is to protect the financial system from illicit use, fight money laundering and its related crimes (including terrorism), and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence, rather than supervising financial derivatives trading. Furthermore, the UK's Financial Conduct Authority (FCA) website does not list the broker's registration information, indicating that the broker operates without regulation.
Moreover, the website design and content of this broker's official website closely mirror those of brokers websites like 247marketgain limited, PU Markets Ltd, LOXLEY FX, HCJT GROUP, KFCP, XZDL GLOBAL.
Opening an Account:
To open an account with Ylehub FX: Visit the broker's official website and click “Register” on the homepage or top right corner of the webpage. Fill in your personal email address and set a login password before submission. The account registration will be successful once submitted.
Trading Account Information:
Ylehub FX has not disclosed information on its official website regarding spreads, trading leverage, margin calls/stop-out levels, account types, trading commissions, minimum/maximum trade sizes, maximum number of positions/orders, or minimum price precision.
Trading Platform:
Ylehub FX offers users a proprietary trading platform.
Deposits and Withdrawals:
Ylehub FX has not clearly stated on its official website the supported methods, fees, and minimum amounts for deposits and withdrawals.
Summary:
Traderknows reminds investors that Ylehub FX is a financial derivatives trading brokerage website without effective regulation, and can only be contacted via email, with extremely limited contact options. The website design and content of its official website are identical to those of 247marketgain limited, PU Markets Ltd, LOXLEY FX, HCJT GROUP, KFCP, XZDL GLOBAL, and other brokers. Traderknows recommends investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this brokerage is marked as "unregulated" on Traderknows.
