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A United States regulator warning has been issued against Yagifxtradeoption in September 2023
Yagifxtradeoption is a forex and binary options broker that claims to offer a variety of trading instruments, such as currency pairs, commodities, stocks, indices, and cryptocurrencies. The broker also claims to have a license from the Financial Services Authority (FSA) of Seychelles and to provide a secure and transparent trading environment for its clients.
However, there are several red flags that suggest that Yagifxtradeoption is not a legit broker and that you should avoid investing with them. Here are some of the reasons why:
- The FSA license is not valid. The FSA of Seychelles does not regulate forex or binary options brokers, and the license number that Yagifxtradeoption provides on its website does not match any of the registered entities on the FSA’s official website. Moreover, the FSA has issued a warning against Yagifxtradeoption, stating that it is not authorized to provide financial services in Seychelles or elsewhere.
- The website is poorly designed and contains misleading information. The website of Yagifxtradeoption is full of grammatical errors, broken links, and inconsistent information. For example, the broker claims to offer a minimum deposit of $250, but in another section it says that the minimum deposit is $500. The broker also claims to offer a demo account, but there is no option to register for one on the website. Furthermore, the website contains fake testimonials, awards, and logos of reputable organizations, such as Forbes, CNN, and Bloomberg, without any proof or authorization.
- The trading conditions are unfavorable and unclear. The broker does not disclose the trading conditions on its website, such as the spreads, commissions, leverage, margin requirements, or withdrawal fees. The only way to find out these details is to open an account and deposit money with the broker, which is very risky and unprofessional. Moreover, the broker offers bonuses that come with unrealistic and restrictive terms and conditions, such as requiring a trading volume of 40 times the bonus amount before withdrawing any profits.
- The customer support is unresponsive and rude. The broker provides only an email address and a phone number as contact methods, but there is no live chat or physical address available. Many online reviews from former clients complain that the broker does not respond to their emails or calls, or that they are treated rudely and aggressively by the support agents. Some clients also report that they have been scammed by the broker, who refused to process their withdrawal requests or blocked their accounts without any explanation.
In conclusion, Yagifxtradeoption is a scam broker that you should stay away from. There are many other reputable and regulated brokers in the market that offer better trading conditions and customer service. Do not fall for the false promises and attractive offers of Yagifxtradeoption, as they are only meant to lure you into their trap.
What to Do If You’ve Lost Money with Yagifxtradeoption?
If you have been scammed by Yagifxtradeoption or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.