Note: For some unknown reason, we cannot open YAIBrokers official site (https://yaibroker.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
YAIBroker, a trading name of Y.A.I Trading Co., Ltd., is allegedly a forex broker registered in Cambodia that claims to provide its clients with over 500 tradable financial instruments with leverage up to 1:500 and floating spreads from 0.6 pips on the MT5 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, it has been verified that YAIBroker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.33/10. Please be aware of the risk.
Market Instruments
YAIBroker advertises that it offers access to over 500 instruments, which include forex, indices, cryptocurrencies and metals.
Account Types
YAIBroker claims to offer three types of trading accounts, namely Standard, Professional and Swap Free. The minimum initial deposit amount is $100 for the Standard and Swap Free accounts, while the Professional account has a much higher minimum initial capital requirement of $100,000.
Leverage
The specified leverage for different account types at YAIBroker varies between 1:200 and 1:500. Clients on the Standard and Swap Free accounts can enjoy maximum leverage of 1:500, while the Professional account holders can experience leverage of 1:200. 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.
Spreads
YAIBroker claims that the spread differs depending on account types. For instance, clients on the Standard account can experience spreads from 1.6 pips, while the Professional and Swap Free account members have spread from 0.6 pips and 3 pips separately.
Trading Platform Available
The platform available for trading at YAIBroker is the industry-standard MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
YAIBroker says that payments can be made via bank payments or with cryptocurrency. The minimum initial deposit requirement is said to be $100.
Customer Support
YAIBroker‘s customer support can be reached by telephone: +855 090 208 208, email: support@yaibroker.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Cambodia
