Thinking of getting into business with Yahui Finance? Here is what you must know about this broker. Carefully read this review to find out if yahuitrades.com is the trading platform you will want to trade with.
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About Yahui Finance Broker
Yahui Finance is an offshore brokerage company with a lot of promises for traders. There is no contact address of the broker on its webpage. The only information mentioned for view is this “13 offices on 4 continents Across Europe, America, Africa and Asia“.
There are different account types broker offers, namely Mini, Standard and VIP account.
Added, the broker claims to offer outstanding execution speed, advanced trading tools and 24/5 customer support.
To clarify, in spite the trading instruments Yahui Finance claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head. Here is a warning from the Securities and Futures Commission, Hong Kong for forex traders to stay clear from this scam broker. See below.
yahuitrades.com: Reasons to Avoid This Broker
Firstly, yahuitrades.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Hong Kong Securities and Futures Commission SFC has already labeled this broker “unlicensed entity“.
Secondly, we noticed yahuitrades.com has no demo account for traders. Since traders can’t test Yahui Finance on a free account, we can’t know its viability in the forex market.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
Lastly, the importance of legal documents cannot be under emphasized especially when doing due diligence. Truly, we could not assess the broker’s legal documents as we found it missing on the webpage.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Yahui Finance does not provide well enough information on this section, but the broker claims no fee for any withdrawal.
Minimum Deposit
Yahui Finance minimum deposit is pegged at $100.
As for the payment methods, broker accepts Debit/Credit card, Bank Wire Transfer and other online methods. But, you should not consider making any payment with this broker because it is a risk. So beware!
Yahui Finance Platform
Yahui Finance claims to offer MT5 (Industry standard trading platforms). The presence of MT5 doesn’t make this broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, it can get up to 1:400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Yahui Finance Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Conclusion: Is yahuitrades.com a Reliable Broker?
No, yahuitrades.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.