Name of Broker – YorkCG
Website – http://yorkcg.com/
Regulated By – None
Warning Issued By – Financial Conduct Authority (United Kingdom), Financial Market Authority (New Zealand)
YorkCG Domain Status
Domain Name: yorkcg.com
Date Registered: April 29, 2018
Domain Age: 4 years, 1 month, 13 days, 17 hours, 41 minutes, 37 seconds
If you are thinking to invest with YorkCG but avoid the scams, read the YorkCG review and get to know about the scam activities of broker in detail.
The era of the internet has made people habitual of getting the benefits at the earliest. This sometimes leads people to ignore the harmful effect of the online world. There are so many online platforms that enable you to gain endless information and profits from them. One such platform to earn a higher yield is online trading. A number of investors whether new or experienced, with little or no knowledge, are curious and trying their hands on online trading, without realizing the genuineness of the trading platforms and trading market.
One of the major drawbacks of online trading is the scam done by scam brokers who can be any Scam Forex broker, Scam Cryptocurrency broker, Scam Investment company, Romance/Dating scammer, Pet scammer, or any type of scammer. The scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements. Similarly, after investigating YorkCG broker, we found multiple proofs of scam activities done by YorkCG. Read a complete YorkCG review to know more about this broker.
YorkCG Review: Introduction
YorkCG is a CFD and cryptocurrency broker situated in an offshore region. Owned by Milistor Ltd, YorkCG is situated in St. Vincent and the Grenadines. Their site is YorkCG.com. They offer four unique sorts of exchanging accounts – Self Manage, Platinum, Gold, and VIP. Self Manage account requires a minimum of 250 euros for trading. Similarly, a Platinum account needs 50,000 Euros and a Gold one requires a minimum of 10,000 Euros. A VIP account is a greeting account. The most extreme leverage offered ultimately depends on 1:400.
YorkCG got a warning from regulatory bodies like FCA and FMA because of its different scam exercises. Read a complete YorkCG review to know more.
How do you find whether YorkCG broker is scam or legit-
While trading, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this YorkCG Review in our scam broker 2022 list of scam brokers. Here are some points that you need to know about YorkCG.
YorkCG Review: Regulation Status
The regulation status of a broker is one of the most critical points while choosing the right broker. Here, this broker seems not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc. Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with.
YorkCG Review: Complaints
A number of complaints and negative YorkCG reviews have been found regarding the scam broker on various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the YorkCG scam and lost all their money and efforts to them.
YorkCG Review: Leverages and Accounts
The genuine brokers that are operating in the market often require low deposits as high deposits are not in the favour of the regulatory bodies. Whereas, this broker tends to charge a huge deposit amount that is a major red flag to avoid moving further with your investment journey. The same criteria goes with leverage, as the leverage offered by legit firms is low and in small amounts. Whereas, the broker tends to offer high leverage, shaping it as a scam broker.
Final Thoughts on YorkCG Review–
All Scam Reports Team advises the user to avoid investing here, as we have found that the YorkCG broker is suspicious, and operating without any legal license. There has been proof of some suspicious activities similar to the signs mentioned in the YorkCG review. So it can be concluded that YorkCG is a potential scam broker.
Investors should always remember that scammers don’t have any right to take away their funds with illegal ways and hence, it is their responsibility to fight for it and get it back from the scammers. If you are a victim of the YorkCG scam, All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation.
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