Score
Yoo Trade
United Arab Emirates|Within 1 year| https://www.yootrade.app/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Arab Emirates
Within 1 year Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
yootrade.app
Server Location
United States
Website Domain Name
yootrade.app
Server IP
104.21.89.219
Company Summary
| Yoo Trade Review Summary | |
| Founded | 2024 |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | CFDs, Forex, Indices, Commodities, Metals, etc. |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | Yoo Trade Platform |
| Min Deposit | $50 |
| Customer Support | Contact form |
| Tel: +971542288006 | |
| Email: support@yootrade.app, info@yootrade.app | |
| Facebook, Instagram, Twitter, YouTube, WhatApp | |
| Address: Office 412, Sony Building, Al Raffa, Bur Dubai, UAE | |
| Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines | |
| Saint Lucia Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia | |
| Regional Restrictions | Syria, North Korea, Iran, Iraq, Mauritius, USA, Canada, Sudan, Myanmar, Yemen, Afghanistan, Vanuatu, and EEA countries |
Based in United Arab Emirates, Yoo Trade is an unregulated forex broker that was established in 2017. Yoo Trade provides various financial products to trade via MT5 platform, including CFDs, Forex, Indices, Commodities, Metals, and more. The minimum deposit requirement to open a live account is as low as USD 50.
Pros and Cons
| Pros | Cons |
| Various trading options | Not regulated |
| Tiered accounts | Quite new in the market |
| No commissions | No demo accounts |
| Affordable minimum deposit | Unclear fee struture |
| Popular payment options | No MT4/5 supported |
| Multiple contact channels | Do not service clients from several regions |
| 24/7 customer support |
Is Yoo Trade Legit?
No, Yoo Trade is not regulated by any reputable financial body. Please be aware of the risk!
What Can I Trade on Yoo Trade?
YooTrade provides access to various financial instruments such as CFDs, Forex, Indices, Commodities, Metals, and more.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Yoo Trade offers five accounts to choose from, including CLASSIC, GOLD, PLATINUM, ELITE and RAW accounts. Moreover, Yoo Trade provides traders with PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) systems to help traders manage multiple client accounts.
| Account Type | Min Deposit | Max Deposit |
| CLASSIC | $50 | $1,000 |
| GOLD | $1,000 | $3,000 |
| PLATINUM | $3,000 | $10,000 |
| ELITE | $10,000 | Unlimited |
| RAW | $20,000 | Unlimited |
Leverage
Yoo Trade offers a leverage of up to1:500 for all account types, which is quite high.
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.
Spread and Commission
Yoo Trade offers spread from 0.2 pips and no commissions for all five account types.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Yoo Trade Platform | ✔ | Web, Desktop, Mobile | / |
| MT5 | ❌ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Yoo Trade accepts payments via Skrill, Mastercard, Visa, Neteller, and others.
Keywords
- Within 1 year
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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