YorkCG is an unlicensed offshore Crypto Currency & Forex CFD trading broker. The FCA warned investors about this broker on Jan 9th 2020, read more.
YorkCG Broker Review
During our review of the brokers YorkCG, we see that they are offering investors a basic web based CFD trading platform just like PrimeOT. This CFD trading platform is very basic, an easy to use for a newbie investors. They don’t give you the option of using MT4 or MetaTrader 5, and they also don’t have mobile trading apps.
Most investors find this broker via a fake trading software like Dubai Lifestyle or Bitcoin Loophole. Before you use any automated trading strategy, read this.
Assets available for trading includes; Popular Forex pairs, Crypto Currency, Commodities and Stocks. This broker requires a minimum deposit of 250 Euro. There are five account types to choose from based on the size of your deposit. The only difference between the different accounts is the leverage rates, which go as high as 500:1. Using high leverage, is the best way to lose your money fast!
When we tested the spreads on the Bitcoin CFD, it was trading at $6800, and they had a huge $210 spread between the bid and the ask price. Leverage on Bitcoin was only 2:1. Compare the large Crypto CFD brokers, see here.
New Algorithm Trading Apps
Each week we get an email about a new trading software which will make thousands of dollars a week. Most of these systems are proven scams, and promoted by Fake News, read this article.
You can play around with some of the free trading robots listed here.
Does YorkCG Have a License?
No, YorkCG is not a licensed or regulated broker. YorkCG is owned by Milistor Ltd, and located at: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. Contact phone number is: +442033180401 or +61394520463, and their email address is: [email protected]. Their official website is at: https://YorkCG.com/.
The way that the Scam Broker Investigator reviews a new Crypto or Forex CFD broker to decide if they are a scam or legitimate broker, is by checking for a licensed from ASIC. Legitimate brokers will always have a license from either the FCA in United Kingdom or ASIC Australia.
Using a regulated broker means that if there is a problem, the government regulator will help you get your money back.
If you have a complaint or problem withdrawing your money, read this.
Compare Regulated Brokers
Investors and day traders of Forex and Commodity CFD’s can find many licensed and regulated brokers, look here.
ForTrade is an ASIC regulated and licensed broker that offers a variety of trading platforms, see here.
They have Trading Signals on their platform. Try a Free Demo Account: signup here.
If you are currently investing with this broker, please share your thoughts in the comment section below.