Yorker Capital Markets, Good Choice or Fraud?

Yorker Capital Markets, a well-known forex broker, claims on its website that it offers traders a variety of trading choices, including those for equities, commodities, indices, currencies, and virtual currencies. The goal is to provide traders in every country with the resources, tools, and assistance they require to have a flawless trading experience. superior customer service, thorough education, and cutting-edge technology.

Yorker Capital Markets mentions two office addresses as Registered Office in GFO1, Ground Floor, The SothebyBuilding, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and Corporate & Support Office: Office No 202, 2nd Floor, Al MoosaTower-2, Sheikh Zayed Road, Dubai.

Accounts

This broker offers five different account kinds. They are ECN account ($5000 minimum deposit), Swap free account ($3000 minimum deposit), Premium account ($2000 minimum deposit), and Classic account ($500 minimum deposit). and a regular account (with a $10 minimum deposit).

Customer Support

As Per Yorker Capital Markets' Website, its address is Office No 202, 2nd Floor, Al Moosa Tower-2, Sheikh Zayed Road, Dubai. Customers can contact the broker via support@yorkermarkets.com. It also provides contact no. +971501478234

Why trade with Yorker Capital Markets？

On the website of the broker, when you scroll down, you will see a column d “Why Trade with Yorker Capital Markets？” Here, the broker tells traders what benefits they will get if they choose a Yorker broker.

1. Multi-Asset Platform

2. Multi-Trading Assets

3. 10 USD

4. 24/7Customer Support

5. Commission Free

6. Advanced Trading Tools

A Clone of QFX Trade？

We found some videos on social media about “how to open an old QFX MT5 account on Yorker Capital Markets.” This shows that the two companies are inextricably linked. As far as we know, QFX Trades is also a scam broker. The company is not subject to any regulation, and WikiFX gives it a very low score of 1.28/10.

Review

When we searched for this broker on Wikifx, we found an unlicensed broker with a rating of 1 out of 10, which is a clear warning that traders must avoid this broker. Even at the bottom, Wikifx issued a warning stating that “it has been verified that this broker currently has no valid regulation. Please be aware of the risk!”

Conclusion

Wikifx does not recommend you to invest in a broker like Yorker Capital Markets. We advise you to choose a regulated-Licensed Broker. Install the WikiFX app on your smartphone to stay updated with the latest news of Forex. WikiFX is a global forex broker regulatory inquiry platform that has investigated and reviewed more than 40,000 brokers, collaborating with more than 30 national regulators. To learn more about the security and reliability of your chosen brokers, visit www.wikifx.com or download our free app from Google Play or the app store.