Yoo Trade

WikiFX | 2024-12-05 11:05

Abstract：Based in United Arab Emirates, Yoo Trade is an unregulated forex broker that was established in 2017. Yoo Trade provides various financial products to trade via MT5 platform, including CFDs, Forex, Indices, Commodities, Metals, and more. The minimum deposit requirement to open a live account is as low as USD 50.

Yoo Trade Review Summary
Founded	2024
Registered Country/Region	United Arab Emirates
Regulation	Unregulated
Market Instruments	CFDs, Forex, Indices, Commodities, Metals, etc.
Demo Account	❌
Leverage	Up to 1:500
Spread	From 0.2 pips
Trading Platform	Yoo Trade Platform
Min Deposit	$50
Customer Support	Contact form
	Tel: +971542288006
	Email: support@yootrade.app, info@yootrade.app
	Facebook, Instagram, Twitter, YouTube, WhatApp
	Address: Office 412, Sony Building, Al Raffa, Bur Dubai, UAE
	Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
	Saint Lucia Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Regional Restrictions	Syria, North Korea, Iran, Iraq, Mauritius, USA, Canada, Sudan, Myanmar, Yemen, Afghanistan, Vanuatu, and EEA countries

Based in United Arab Emirates, Yoo Trade is an unregulated forex broker that was established in 2017. Yoo Trade provides various financial products to trade via MT5 platform, including CFDs, Forex, Indices, Commodities, Metals, and more. The minimum deposit requirement to open a live account is as low as USD 50.

Pros and Cons

Pros	Cons
Various trading options	Not regulated
Tiered accounts	Quite new in the market
No commissions	No demo accounts
Affordable minimum deposit	Unclear fee struture
Popular payment options	No MT4/5 supported
Multiple contact channels	Do not service clients from several regions
24/7 customer support

Is Yoo Trade Legit?

No, Yoo Trade is not regulated by any reputable financial body. Please be aware of the risk!

What Can I Trade on Yoo Trade?

YooTrade provides access to various financial instruments such as CFDs, Forex, Indices, Commodities, Metals, and more.

Tradable Instruments	Supported
CFDs	✔
Forex	✔
Indices	✔
Commodities	✔
Metals	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Yoo Trade offers five accounts to choose from, including CLASSIC, GOLD, PLATINUM, ELITE and RAW accounts. Moreover, Yoo Trade provides traders with PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) systems to help traders manage multiple client accounts.

Account Type	Min Deposit	Max Deposit
CLASSIC	$50	$1,000
GOLD	$1,000	$3,000
PLATINUM	$3,000	$10,000
ELITE	$10,000	Unlimited
RAW	$20,000	Unlimited

Leverage

Yoo Trade offers a leverage of up to1:500 for all account types, which is quite high.

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 and Commission

Yoo Trade offers spread from 0.2 pips and no commissions for all five account types.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Yoo Trade Platform	✔	Web, Desktop, Mobile	/
MT5	❌	/	Experienced traders
MT4	❌	/	Beginners