YOCAI

NOTE: YOCAIs official site - http://www.yocaigs.com/#/home/home_sge is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is YOCAI？

Founded in 1983, Wuhan New World Jewellery and Bullion Limited (YOCAI) is registered in Wuhan, China, offering trading services for precious metals including gold, silver, and diamond. However, YOCAI is not subject to any regulation. Additionally, its website is non-functional currently.

Pros & Cons

Pros:

Rich Experience: YOCAI has been in operation since 1983, indicating a significant amount of experience in the industry.

Specializing in Precious Metals: YOCAI offers trading opportunities in precious metals such as gold, silver, and diamonds, which can be appealing to investors looking for alternative assets.

Cons:

Lack of Regulation: YOCAI operates without regulation, affecting transparency and investor protection.

Non-functional Website: The non-functional official website limits access to detailed information about the company, its services, and trading conditions.

Exposure on WikiFX: There is a piece of exposure of inability to withdraw on WikiFX, which indicates risks to your fund safety.

Is YOCAI Safe or Scam？

It's difficult to definitively say YOCAI is a scam, but there are strong indications it's a high-risk option.

Without regulatory oversight, there is increased risk for investors, including potential issues with fund security and dispute resolution. The broken website also raises more questions about legitimacy and professionalism. Furthermore, exposure on WikiFX highlights the risks to financial safety.

Market Instruments

YOCAI offers trading in precious metals, including gold, silver, and diamond. These instruments can provide alternative investment opportunities for traders looking to diversify their portfolios.

Customer Service

YOCAI provides customer support via phone at 027-85767666 and 13277969936. They can also be reached via email at Service@yocaigs.com.

Conclusion

YOCAI presents itself as a broker with experience in the precious metals market, offering gold, silver, and potentially diamond investments. However, upon closer inspection, there are significant red flags that make it a high-risk option. The most concerning aspect is the lack of regulation. The non-functional website further raises doubts about the legitimacy and professionalism of the company. It's best to avoid YOCAI and focus your search on established and well-regulated brokers that prioritize transparency and investor protection.

Frequently Asked Questions (FAQs)

Q: Is YOCAI regulated？

A: No, YOCAI operates without regulation.

Q: What market instruments does YOCAI offer for trading？

A: YOCAI offers trading in precious metals, including gold, silver, and diamond.

Q: Is YOCAI considered safe for trading？

A: Due to the lack of regulation and a non-functional website, YOCAI is considered a high-risk option for trading.

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.