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Regulated
Score
4.10 /10
Average
YWO
1-2 yearsRegulated in South Africa
Derivatives Trading License (EP)
MT5 Full License
Global Business
Offshore Regulated
Influence
C
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Comparison
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Exposure
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Website
Score
Regulatory Index3.80
Business Index4.45
Risk Management Index9.20
Software Index8.65
License Index3.71
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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| YWO Review Summary | |
| Founded | 1998 |
| Registered Country/Region | Comoros |
| Regulation | No Regulation |
| Market Instruments | Forex, Indices, Metals, Energies, Stocks, Cryptocurrencies, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT5 |
| Minimum Deposit | $10 |
| Customer Support | Social Media: Facebook, Instagram, Telegram, Twitter, LinkedIn |
| Regional Restriction | The European Union |
YWO Information
YWO is an online broker registered in the Comoros, offering multiple market instruments like forex, indices, metals, energies, stocks, cryptocurrencies, and commodities. YWO provides MT5, a demo account, and two live accounts. The leverage on this platform is up to 1:1000, which is high. However, YWO doesn't offer its service to the residents of the European Union or any other jurisdiction where such services conflict with local laws and regulations.
Pros and Cons
| Pros | Cons |
| Low minimum deposit requirement | Lack of regulation |
| MT5 supported | EU clients are not accepted |
| Demo accounts available | Limited customer support channels |
| 24/7 support | Commission charged |
Is YWO Legit?
YWO lacks regulatory oversight from any major authorities, which indicates that trading on this platform involves risks.
What Can I Trade on YWO?
YWO provides various tradable assets on its platform, such as forex, metals, crypto, energies, stocks, indices, and commodities.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ✔ |
| energies | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
Account Type
YWO offers access to a demo account and two types of live accounts.
YMO claims that its demo account has several features, like:
- No deposit required
- Risk-free demo trading
- Skill development
- Virtual funds
- Trading strategy testing
In terms of live accounts, the Standard Account and the Zero Spread Account can have very different features.
| Account Type | Standard | Zero Spread |
| Minimum Deposit | $10 | $300 |
| Maximum Leverage | 1:1000 | |
| Commission | 0 | From $7 (round trip) |
Leverage
The leverage on this platform is up to a high 1:1000. Leverage allows traders to increase the potential return on an investment by using borrowed funds (debt) to finance the purchase of assets. However, it also increases risks.
Fees
If you are a Standard Account user, then the commission is free. But when it comes to the Zero Spread Account, the commission is from $7 per round trip.
YWO doesn't disclose much information about the spread on its website. But the spread seems to start from 0 pip, since YWO offers a “Zero Spread Account”.
Trading Platform
MT5 (MetaTrader 5) is offered by this platform. It is a popular multi-asset trading platform developed by MetaQuotes. It is widely used by traders for online trading in various financial markets. Being the successor to MT4 (MetaTrader 4), MT5 offers enhanced features and expanded functionality.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Traders can deposit and withdraw through bank cards, bank transfers, and cryptocurrencies. Deposit and withdrawal fees may apply depending on the payment method and provider.
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