YesTrading is an unlicensed CFD Forex broker that is owned by Diamond Global Solutions SRL. They are located at City Centre 17, C.A Rosetti, 2nd district, Bucharest, Romania.
Their phone number in is Norway is: +47-214-03397, and their customer support email address is: email@example.com. For common traders complaints about brokers, read this.
While reviewing the new broker YesTrading, we see that they are now using the popular user friendly SpotOption CFD trading platform.
All major and minor currency pairs are available, plus you can trade CFDs on Commodities like Gold and Silver, Market Indices, Individual Stocks like Baidu, Twitter, FedEx and Twitter. Crypto Currencies are becoming popular and Bitcoin CFD’s are available. You can select the leverage amount you would like to use, your Stop Loss, and Take Profit amount. When we checked the spread on BTCUSD it was $100, and the leverage was 1:8.
The minimum trade size is $25, and the minimum needed to start trading is $250.
Scam Trading Software
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YesTrading License & Regulations
When we review a binary options broker to determine if it is a scam or a legit binary options broker, we want to know if the regulator in Cyprus called CySEC gave them a license. We also check popular country regulators like ASIC in Australia or the FCA in United Kingdom.
YesTrading does not have a brokers license.
Traders looking for a regulated broker can find a list here.