Score

4.32 /10
Average

YaMarkets

Saint Vincent and the Grenadines

5-10 years

Regulated in South Africa

Financial Service Corporate

MT4 Full License

Regional Brokers

Suspicious Overrun

High potential risk

C

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Comparison

Quantity 14

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Score

Regulatory Index3.51

Business Index7.31

Risk Management Index0.00

Software Index8.43

License Index3.51

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

YAMARKETS LIMITED

Company Abbreviation

YaMarkets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2025-05-12
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 51192)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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    YaMarkets · Company summary
    YaMarketsReview Summary
    Founded2016-08-23
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationOffshore regulated(SFC)/Exceeded(FSCA)
    Market InstrumentsIndices/Stocks/Currencies/Crypto Currencies
    Demo Account
    LeverageUp to 1:1000
    SpreadFrom 0 pips
    Trading PlatformMT4/MT5(Web/Mobile/Desktop)
    Min Deposit$1
    Customer SupportPhone: +971 44106735
    Email: support@yamarkets.com
    Facebook/Twitter/LinkedIn/Instagram/Pinterest/YouTube
    Live chat

    YaMarkets Information

    Established in 2016, YaMarkets offers a trading environment for Contracts for Difference (CFDs), encompassing FX currency pairs, stock indexes, metals, and energy. The broker also provides five accounts with a maximum leverage of 1:1000. The minimum spread is from 0 pips and the minimum deposit is $1. YaMarkets is still risky due to its offshore regulated and exceeded status, high leverage, and bad reviews about difficulty withdrawing money.

    YaMarkets Information

    Pros and Cons

    Pros Cons
    MT4/MT5 availableOffshore regulated/Exceeded
    Spread as low as 0 pipsHigh max leverage
    Demo account availableNegative comments about difficulty in withdrawal
    Various tradable instrumentsUnspecific transfer time and fee information
    No 24/7 customer support

    Is YaMarkets Legit?

    YaMarkets regulates FSC and FSCA with license numbers C165091 and 51192 respectively. The License Types are Retail Forex License and Financial Service Corporate respectively. However, the 'offshore regulated' and 'Exceeded' current status is less safe than the regulated one.

    Is YaMarkets Legit?
    Is YaMarkets Legit?
    Is YaMarkets Legit?

    What Can I Trade on YaMarkets?

    YaMarkets offers access to 100+ market instruments, including indices, stocks, currencies, and cryptocurrencies.

    Tradable Instruments Supported
    Indices
    Stocks
    Currencies
    Crypto Currencies
    Forex
    Commodities
    Precious Metals
    Shares
    ETFs
    Bonds
    Mutual Funds
    What Can I Trade on YaMarkets?

    Account Type

    YaMarkets has five account types: ultimate, standard, royale, ECN, and women thrive. Traders who want low spreads can choose a Women Thrive account and those who want a low leverage and with a sufficient budget can choose an ECN account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).

    Account Type UltimateStandardRoyaleECNWomen Thrive
    Minimum Deposit$10$500$2500$5000$1
    Minimum trading volume0.010.010.010.01-
    Swap free accountYesYesYesYes7 days free
    Spread starts from1.8 pips1.5 pips1 pips0.1 pips0
    CommissionNoNoNoYes$2
    Leverage1:10001:10001:5001:2001:300

    YaMarkets Fees

    The spread starts from 0 pips andthe commission is from 0. The lower the spread, the faster the liquidity.

    Leverage

    The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

    Trading Platform

    YaMarkets cooperates with the authoritative MT4 and MT5 trading platforms, which are available on the Web, Windows, iOS, Android, and APK File. Junior traders prefer MT4 over MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.

    Trading PlatformSupported Available Devices Suitable for
    MT4Web/Mobile/DesktopJunior traders
    MT5Web/Mobile/DesktopExperienced traders
    Trading Platform
    Trading Platform

    Deposit and Withdrawal

    The first deposit amount must be $1 or above. YaMarkets accepts Mastercard, Bank Transfer, Lipi, Visa, Phonepe, Net Banking, and Pay App for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

    Deposit and Withdrawal

    News

    NewsCelebrate Ramadan 2025 with WelTrade & YAMarkets

    Ramadan is not just a time of fasting and reflection but also a season of opportunity, growth, and reward. As you deepen your faith, why not deepen your financial potential as well? This Ramadan, WelTrade and YAMarkets are bringing you two incredible offers to ensure you can thrive in both your spiritual and trading journeys.

    WikiFX
    2025-03-11 17:48
    Celebrate Ramadan 2025 with WelTrade & YAMarkets

    NewsBecome Women Brand Ambassador of Yamarkets

    If you are a woman who wants to earn and inspire other women. YaMarkets brings you an exclusive earning opportunity of a lifetime. You can join it's Become Women Brand Ambassador program.

    WikiFX
    2025-01-22 17:43
    Become Women Brand Ambassador of Yamarkets

    NewsYAMARKETS' Jingle Bells Christmas Offer!

    YaMarkets Announces Exciting Christmas Offer! YaMarkets is spreading cheer with an exclusive Christmas offer that's sure to delight traders. For a limited time, new and existing clients can enjoy a Tradable Bonus of up to 30% on their deposits.

    WikiFX
    2024-12-24 18:58
    YAMARKETS' Jingle Bells Christmas Offer!

    ExposureCheckout YaMarkets Review: Key Features & More

    Founded in 2016, YaMarkets is a forex broker based in Saint Vincent and the Grenadines, offering trading services, including Forex, Commodities, Indices, and Cryptocurrencies. The broker also provides access to both the popular MetaTrader 4 and MetaTrader 5 trading platforms.

    WikiFX
    2024-04-24 17:30
    Checkout YaMarkets Review: Key Features & More

    User Reviews

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    User comment

    27

    Comments

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    Mustafa Yilmaz 31
    6-12months
    Hello, I deposited money to your company and made a transaction. I made a profit withdrawal. Then they deleted my bonus. Then I continued to make transactions. Then I created a withdrawal request. My money has not arrived since Thursday, it is constantly being said that it will arrive, but today I received an e-mail saying that you have violated it. I do not think that I have violated anything, they have upset me irresponsibly without providing me with evidence and detection, I have decided not to work with your company again, send me my money, otherwise, I will file my complaint with all the regulations, there are photos and videos of the transactions, and I will continue to declare my complaint on all social media, please contact me. They lie and always hesitate to pay. Login no : 752474 mustafayilmaz81860@gmail.com
    Hello, I deposited money to your company and made a transaction. I made a profit withdrawal. Then they deleted my bonus. Then I continued to make transactions. Then I created a withdrawal request. My money has not arrived since Thursday, it is constantly being said that it will arrive, but today I received an e-mail saying that you have violated it. I do not think that I have violated anything, they have upset me irresponsibly without providing me with evidence and detection, I have decided not to work with your company again, send me my money, otherwise, I will file my complaint with all the regulations, there are photos and videos of the transactions, and I will continue to declare my complaint on all social media, please contact me. They lie and always hesitate to pay. Login no : 752474 mustafayilmaz81860@gmail.com
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    2025-01-13 17:19
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    FX2806523874
    6-12months
    My niece added 500 USD, then she got 395 and tried to withdraw, and waited 20 hrs, then told her this "Dear Client, This is to inform you that your withdrawal request has been put on hold and forwarded to our team for further investigation into the trading activity associated with your account. Our Customer Service Executive will respond within 24 - 48 hours. If your query requires further investigation and takes a longer time, we will keep you informed on the time required for resolution. Please note, if any suspicious activity is found, then the request will either be rejected or canceled. We request your patience and understanding in the interim." she even didn't get 50% bonus to say something like that!! don't add your money with this company, they will steal your money
    My niece added 500 USD, then she got 395 and tried to withdraw, and waited 20 hrs, then told her this "Dear Client, This is to inform you that your withdrawal request has been put on hold and forwarded to our team for further investigation into the trading activity associated with your account. Our Customer Service Executive will respond within 24 - 48 hours. If your query requires further investigation and takes a longer time, we will keep you informed on the time required for resolution. Please note, if any suspicious activity is found, then the request will either be rejected or canceled. We request your patience and understanding in the interim." she even didn't get 50% bonus to say something like that!! don't add your money with this company, they will steal your money
    Translate to English
    2024-10-24 23:26
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