YORKCG-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-11-22 17:11

Abstract：YORKCG is an unregulated broker, offering trading on Forex, indices, commodities, precious metals, stocks and cryptocurrency CFDs with leverage up to 1:400 and spread floating around 3 pips via a web-based trading platform. Demo accounts are not available and the minimum deposit requirement to open a live account is as high as €250.

Note: YORKCG's official website: https://yorkcg.com/ is currently inaccessible normally.

YORKCGReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	Forex, indices, commodities, precious metals, stocks, cryptocurrency CFDs
Demo Account	❌
Leverage	Up to 1:400
EUR/USD Spread	3 pips
Trading Platform	Web-based
Min Deposit	€250
Customer Support	Tel: +44 2033180401
Customer Support	Email: support@yorkcg.com

YORKCG Information

YORKCG is an unregulated broker, offering trading on Forex, indices, commodities, precious metals, stocks and cryptocurrency CFDs with leverage up to 1:400 and spread floating around 3 pips via a web-based trading platform. Demo accounts are not available and the minimum deposit requirement to open a live account is as high as €250.

Pros and Cons

Pros	Cons
Various trading products	Inaccessible website
Multiple account types	No regulation
	No demo accounts
	Wide spreads
	No MT4/MT5 platform
	High minimum deposit requirement

Is YORKCG Legit?

No. YORKCG has no valid regulations currently. Please be aware of the risk!

What Can I Trade on YORKCG?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Precious metals	✔
Stocks	✔
Cryptocurrency CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Here are four account types YORKCG offers:

Account Type	Min Deposit
Self-Manage	€250
Gold	€10 000
Platinum	€50 000
VIP	Invitation only

Leverage

Trading leverage differs depending on different trading accounts.

Account Type	Max Leverage
Self-Manage	1:100
Gold	1:200
Platinum	1:300
VIP	1:400

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

The spread for EUR/USD on the YORKCG platform is 3 pips, much higher than the sector standard. Most brokers offer EUR/USD spreads between 1.0 pips and 1.5 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web	✔	/	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

The broker accepts payments done via the standard Visa, MasterCard, bank wire, Vload and Bitcoin.

Withdrawal fee of 1 percent with a minimum of $30 and a maximum of $300 respectively.

Bonus

There is a hefty trading turnover requirement for accounts that have taken advantage of the bonus promotion. Every dollar in bonus promotions, a trader has to achieve a $50 000 trading volume.