Score
YDFX
United States|2-5 years| https://www.ydfxm.com/en/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed YDFX also viewed..
MultiBank Group
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
IC Markets Global
- 15-20 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
MiTRADE
- 10-15 years |
- Regulated in Australia |
- Market Making(MM)
Website
ydfxm.com
Server Location
Hong Kong
Website Domain Name
ydfxm.com
Server IP
45.199.111.178
Company Summary
Note: Regrettably, the official website of YDFX, namely https://www.ydfxm.com/en/, is currently experiencing functionality issues.
| YDFX Review Summary | |
| Registered Country/Region | United States |
| Regulation | NFA (Unauthorized) |
| Market Instruments | 35 forex, commodities and CFDs |
| Trading Platforms | MT4 |
| Minimum Deposit | N/A |
| Customer Support | Email: ydfxgloballimited136@gmail.com |
What is YDFX？
YDFX Global, operating with offices located in the United States, Hong Kong, Phnom Penh, Moscow, London, and Canada, offers a variety of trading instruments including 35 foreign exchange pairs, commodities, and CFDs. The company's primary trading platform is MT4.
However, NFA has classified YDFX as “Unauthorized,” signaling regulatory concerns. Additionally, the absence of an accessible official website amplifies these apprehensions. For further inquiries, customer support is available via email at ydfxgloballimited136@gmail.com.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
| Pros | Cons |
|
|
|
|
|
|
|
Pros:
- MT4 supported: YDFX offers support for the MetaTrader 4 (MT4) platform, a widely acclaimed and user-friendly trading platform with advanced features for traders.
Cons:
- NFA (Unauthorized): YDFX's lack of authorization from the National Futures Association (NFA) will raise concerns regarding regulatory compliance and oversight.
- Inaccessible website: Difficulty accessing the YDFX website can hinder clients' ability to gather information and navigate essential services.
- Some reports of withdrawal issues: Instances of reported withdrawal issues indicate potential challenges in accessing funds or liquidity concerns for clients.
- Limited trust and transparency: YDFX's reputation for limited trust and transparency may deter potential clients seeking a reliable and transparent trading environment.
Is YDFX Safe or Scam？
The United States National Futures Association (NFA) has flagged YDFX with an abnormal regulatory status, categorizing it as “Unauthorized” rather than holding a common financial service license, as indicated by license number 0541037. This discrepancy in regulatory status raises significant concerns about the legitimacy and compliance of YDFX within the financial industry.
Furthermore, the unavailability of YDFX's official website compounds these concerns, casting doubt on the reliability and stability of their trading platform. The inability for investors to access essential information and services through an official online portal amplifies uncertainties regarding the transparency and credibility of YDFX as a brokerage entity. These factors collectively contribute to a heightened level of risk associated with investing in YDFX.
Market Instruments
YDFX provides a diverse array of trading instruments, encompassing 35 foreign exchange pairs, commodities, and contracts for difference (CFDs).
- Forex:
In the foreign exchange market, traders have access to major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic currency pairs, enabling them to capitalize on fluctuations in global currency values.
- Commodities:
Commodities available for trading on YDFX's platform may include gold, silver, crude oil, natural gas, agricultural products like wheat and corn, and other valuable resources. These commodities present opportunities for investors to speculate on price movements driven by factors such as supply and demand dynamics, geopolitical events, and macroeconomic trends.
- CFDs:
Additionally, YDFX offers a wide range of CFDs, allowing traders to gain exposure to various financial markets without owning the underlying assets. These CFDs can include indices like the S&P 500, NASDAQ, and FTSE 100, individual stocks from global exchanges, cryptocurrencies, and other tradable instruments, providing ample opportunities for portfolio diversification and trading flexibility.
Trading Time
The forex markets operate continuously 24 hours a day, allowing traders the flexibility to engage in foreign exchange and precious metal trading throughout the week. Trading in forex occurs from 5:05 PM EST every Sunday until 4:59 PM EST every Friday.
As for CFD products, trading hours may differ for each product, but generally, most products are available for trading from 5:05 PM EST every Sunday until 4:59 PM EST every Friday afternoon.
Trading Platforms
YDFX provides its clients with access to the MetaTrader 4 (MT4) platform, a globally renowned and widely used trading platform in the financial industry. MT4 is celebrated for its user-friendly interface, advanced charting tools, and comprehensive suite of analytical features, making it a preferred choice among traders of all levels of experience.
At the heart of YDFX's trading platform is the MT4 terminal, where traders can execute trades swiftly and efficiently across a diverse range of financial instruments. The platform offers instant order execution, enabling traders to capitalize on market opportunities in real-time, without delays or re-quotes.
User Exposure on WikiFX
Please ensure that you carefully examine the reports on our website regarding instances of withdrawal difficulties. Traders thoroughly assess the information provided and take into account the potential risks associated with trading on an unregulated platform. In the event that you encounter fraudulent brokers or have fallen victim to their practices, we kindly request that you inform us through the Exposure section. Your cooperation is greatly appreciated, and our team of experts will make every effort to assist you in resolving the issue.
Customer Service
Customers can get in touch with customer service lines using the information provided below:
Email: ydfxgloballimited136@gmail.com
Conclusion
In conclusion, YDFX Global presents itself as a multi-location trading firm offering a diverse range of market instruments through the widely recognized MT4 platform. However, caution is warranted due to its classification as “Unauthorized” by the NFA, highlighting potential regulatory risks. The unavailability of an official website further compounds concerns about transparency and accessibility.
Frequently Asked Questions (FAQs)
| Q 1: | Is YDFX regulated by any financial authority？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at YDFX？ |
| A 2: | You can contact via email: ydfxgloballimited136@gmail.com. |
| Q 3: | What platform does YDFX offer？ |
| A 3: | It offers MT4. |
| Q 4: | What services and products YDFX provides？ |
| A 4: | It provides 35 foreign Exchange, commodities and CFDs. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 49
Content you want to comment
Please enter...
Review 49
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
口号439791820
Hong Kong
A group of scammers refused to give money for various reasons. The trick was the same, but the name was changed!
Exposure
2023-03-05
月亮邮递员
Hong Kong
Dong Guohua, Li Xuanjing, inducing others to open an account and deposit money on Xingyu software, depositing money but not withdrawing money, deceiving people to make deposits for various reasons
Exposure
2023-03-03
FX3453383040
Taiwan
If someone sees this guy on a dating app, be careful, because it will defraud you of all your money and take you to a platform where you can't withdraw money, and then start brainwashing to save more money, otherwise your economic ability will be too poor. My in-laws are not good at speaking and so on. Anyway, everything is fake. Well, my money has been defrauded and my dream of being a rich wife is also gone...
Exposure
2022-07-07
jacika
Taiwan
If it is the platform recommended by netizens, do not trust it. I am a bloody example. The netizen told me to use this platform when they introduced investment the year before, but it’s usually no problem, but if you want to withdraw money, you start to say that my account needs to pay a deposit and pay taxes. It was really helpless to learn that they were a scam group later.
Exposure
2022-05-11
蔡89405
Taiwan
FB is really a gathering place for fraudulent groups. Among my friends, a boy who has known each other for 3-4 years introduced me to YDFX to open an account to invest. Who would have known that people who have known each other for so long would deceive people. I was reminded by you that everything was fake, but I questioned the other party but they didn't admit it. In the end, I couldn't get the money in the account.
Exposure
2022-04-18
FX2343642952
Taiwan
What about our fund. We cannot get it back. The webstie cannot be opened. The broker is gone. Our previous appeals were all in vain.
Exposure
2022-03-05
WilliamFX1285408851
Taiwan
I had used this platform for a while. At the beginning of the trade, I can receive the small amount withdrawal, but the large withdrawal were required to pay different fees after trading for a while. After the payment, they still ask me to wait and said that the withdrawal is too large. The bank they use has to arrange the withdrawal. I wait for half year and this happened. I hope that this platform could help the people who use YDFX to address the problem. Thank you.
Exposure
2022-02-15
FX4274518172
Taiwan
I will curse those scammers in my rest of life.
Exposure
2022-02-10
加菲72459
Taiwan
I have been asked to pay different fees, but after paying the margin, I still cannot withdraw the money normally, and I have to pay another 15% of the handling fee and then I have to pay 10% of the deposit to increase the credit score. These are the payment details and other payments. Never been able to withdraw money
Exposure
2022-01-26
FX2343642952
Taiwan
Does the broker abscond? The website cannot be opened. Please help from customer service
Exposure
2021-12-21
FX4516462732
Taiwan
This is the tranferring record, as well as my account information in the YDFX backstage.
Exposure
2021-12-16
林瓊美
Taiwan
I was taught by a male friend that I meet from online dating platform to invest in forex. The so-called sister taught operation. You cannot withdraw your fund once you me deposit.
Exposure
2021-12-08
FX2343642952
Taiwan
Unable to withdraw and keep ask investors to deposit. It has been passed the review. It informs you to pay the tax first and then to pay the bank fee.
Exposure
2021-12-07
FX3038227082
Taiwan
If you want to withdraw money, you need to pay the authentication fee? Hello: The customer service has received a notice that because your account has overseas remittances, it shows that the account is suspected of being stolen. The system has detected that there are many overseas deposits into your account, and the system temporarily restrict your deposit and withdrawal function for securing account owners property. If you need a normal deposit and withdrawal business from a remittance trading account, you need to upload two photos of your hand-held ID card (both positive and negative) within 15 days and pay 7% of the total account in your account which is 15338.29USD to prove that the account belongs to you. After the risk is removed, do not login in your account overseas anymore. Please be aware
Exposure
2021-12-06
黃煒翔
Taiwan
I follow the regular process to withdraw the fund, but this company requires 30% margin to withdraw. YDFX violates the principle of honesty, extorting customer deposits and restricting withdrawals
Exposure
2021-12-04
FX3425968344
Taiwan
The application for withdrawal of 2000 USD was rejected by the customer service, saying that the cumulative deposit was 75494.65 USD and the transaction volume of three withdrawals needs to be 80 lots or more before the withdrawal can be made. However, I need to use my funds, but I was told that I am suspected of money laundering. Obviously it is my account, but it needs to be controlled by you. Which law says that I have to pay my self-certificate fees to clarify that I am not laundering money. Moreover, the payment is not paid to the government, but to the broker. This is a forced deposit.
Exposure
2021-12-03
FX4274518172
Taiwan
Everything work fine with deposit so why it is unable to withdraw. There is intervention of fund from third-party. That is the money borrowed from friend and loans from bank. You can freeze the account for investigation if there is suspicion of money laundering, but not assumed my fund.
Exposure
2021-12-03
FX2343642952
Taiwan
There is always excuse for not withdraw money and keep asking investors to pay. Expose them and do not let others suffer.
Exposure
2021-11-27
FX4274518172
Taiwan
Deposit work well so why can’t I withdraw funds? If there are third-party funds intervention and suspicion of money laundering, you can freeze the account for thorough investigation, but not taking the customer’s funds. The formal platform does not need to pay the margins or unfreezing funds. It’s my hard-earned money. I borrowed several million from the bank and borrowed several million from my friends. I have to face debt repayment all my life. Those scam groups who deceive people, the god will punish you one day.
Exposure
2021-11-20
FX4274518172
Taiwan
It is been normal for deposit but why it is unable to withdraw fund. There is a third-party fund intervention and suspicion of money laundering. You can freeze the account for tn investigation but not confiscating the customer’s funds. Does the formal platform need to pay the margin? I need help from relevant department, thank you.
Exposure
2021-11-20