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
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.
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.
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.
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.
Comoros
