Company Profile
Company Profile
Review summary
| YWO Review Summary | |
| Founded | 1998 |
| Registered Country/Region | Comoros |
| Regulation | No Regulation |
| Market Instruments | Forex, Indices, Metals, Energies, Stocks, Cryptocurrencies, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT5 |
| Minimum Deposit | $10 |
| Customer Support | Social Media: Facebook, Instagram, Telegram, Twitter, LinkedIn |
| Regional Restriction | The European Union |
YWO Information
YWO is an online broker registered in the Comoros, offering multiple market instruments like forex, indices, metals, energies, stocks, cryptocurrencies, and commodities. YWO provides MT5, a demo account, and two live accounts. The leverage on this platform is up to 1:1000, which is high. However, YWO doesn't offer its service to the residents of the European Union or any other jurisdiction where such services conflict with local laws and regulations.
Pros and Cons
| Pros | Cons |
| Low minimum deposit requirement | Lack of regulation |
| MT5 supported | EU clients are not accepted |
| Demo accounts available | Limited customer support channels |
| 24/7 support | Commission charged |
Is YWO Legit?
YWO lacks regulatory oversight from any major authorities, which indicates that trading on this platform involves risks.
What Can I Trade on YWO?
YWO provides various tradable assets on its platform, such as forex, metals, crypto, energies, stocks, indices, and commodities.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| commodities | ✔ |
| energies | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
Account Type
YWO offers access to a demo account and two types of live accounts.
YMO claims that its demo account has several features, like:
- No deposit required
- Risk-free demo trading
- Skill development
- Virtual funds
- Trading strategy testing
In terms of live accounts, the Standard Account and the Zero Spread Account can have very different features.
| Account Type | Standard | Zero Spread |
| Minimum Deposit | $10 | $300 |
| Maximum Leverage | 1:1000 | |
| Commission | 0 | From $7 (round trip) |
Leverage
The leverage on this platform is up to a high 1:1000. Leverage allows traders to increase the potential return on an investment by using borrowed funds (debt) to finance the purchase of assets. However, it also increases risks.
Fees
If you are a Standard Account user, then the commission is free. But when it comes to the Zero Spread Account, the commission is from $7 per round trip.
YWO doesn't disclose much information about the spread on its website. But the spread seems to start from 0 pip, since YWO offers a “Zero Spread Account”.
Trading Platform
MT5 (MetaTrader 5) is offered by this platform. It is a popular multi-asset trading platform developed by MetaQuotes. It is widely used by traders for online trading in various financial markets. Being the successor to MT4 (MetaTrader 4), MT5 offers enhanced features and expanded functionality.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Traders can deposit and withdraw through bank cards, bank transfers, and cryptocurrencies. Deposit and withdrawal fees may apply depending on the payment method and provider.
FX2489959456
Hong Kong
This platform only allows losses, not profits, especially for Introducing Brokers (IBs). Even with the same trade, different margin levels will result in varying outcomes for different investors. This platform deducts profits from every trade, leaving the client to bear the losses. Which IB would dare to participate? If they do, they'll be left with no way to clean up the mess. Investment bankers, beware! Don't believe emails offering support for various trading options, because it's pure nonsense.
Exposure
FX2489959456
Hong Kong
The platform advertises unlimited trading, but with the same trading strategy, some accounts profit while others lose. Then comes the shady dealing: they cancelled and deducted the profit from the account with an accuse of illegal trade, but when it comes to a account with lose, they would say it's normal trade and let the customer bears the loss themselves. Since the same trading strategy on the same platform at the same time is invalidated, then all trades should be invalidated. This platform is a All-Kill Scam because making a profit and withdrawing funds normally is extremely difficult. Everything is fine before any trades or deposits, but once you deposit and make a profit, a whole host of problems arise. Sigh… It operates a platform without any real ability, relying entirely on deception. Investment bankers, be very careful when depositing funds! (They're stubbornly refusing to admit it and I'll fight for my rights to the end.)
Exposure
❦
Hong Kong
My first deposit resulted in a margin call and a loss. The platform sent me an email stating that my account balance was zeroed out, along with a statement that the platform supported any trading rules and methods. After I deposited more funds, my account became profitable due to favorable market conditions. The platform then deducted my profits, claiming it violated the customer agreement. When I lost money using the same trading strategy, they proactively sent emails to clear my account balance and asked me to deposit more funds. However, when I made a profit, they claimed it violated the customer agreement. The same trading strategy applied a double standard, allowing only losses but not profits. Moreover, the platform kept reducing my leverage as I traded, from the advertised 1:1000 to 1:50, with the sole purpose of quickly causing my account to be liquidated. It's a platform that purely profits from its customers' losses.
Exposure
FX2489959456
Hong Kong
YWO received the email shown below and thought the platform was incredibly powerful. The agent arranged for me and three other investors to deposit. My trading account showed a loss of $2000, while only one of our three, an investment banker, made a profit. He deposited more money and managed to weather the storm. Now the platform says his profit was irregular and was deducted directly. I thought, since we were trading at the same time and using the same strategy, if one trade order is irregular, then all of them are; if not, then none are. I applied to get my $2000 principal back, but the platform replied that mine was normal. Haha, they're taking all profits and losses; this is amazing.
Exposure