Yorker Capital Markets Review: Is Yorkermarkets.com scam or legit
Yorker Capital Markets is an offshore forex broker operating under the regulatory oversight of the Mwali International Services Authority in Comoros. It provides trading in several financial assets, such as equities, indices, commodities, cryptocurrencies, and FX. However, traders should exercise caution due to multiple red flags surrounding the broker.
Yorker Capital Markets Information
- Yorker Capital Markets Website – https://yorkermarkets.com/
- Website Availability – NO
- Address shown – Office No 202, 2nd Floor, Al Moosa Tower-2, Sheikh Zayed Road, Dubai
- Warned By – Not Recommended By Review Website Like Report Scam
- Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
Key Concerns
Complaints and Negative Reviews
- 16 complaints filed against the broker in the past three months (WikiFX).
- Negative field survey review indicating potential risks and scam warnings.
- Trustpilot rating of 2.5/10 (Poor) with significant negative feedback.
Regulation and Licensing Issues
- Licensed under Comoros MISA (T2023326) – an offshore regulatory body.
- Offshore regulations provide weaker investor protections compared to reputable jurisdictions.
- Potential scam warnings associated with weak regulatory oversight.
Trading Platform and Account Types
- Offers MT5 trading platform with multiple account types: Standard, Classic, Premium, Swap Free, and ECN.
- No proprietary trading software, raising concerns about transparency and reliability.
- Limited payment methods could restrict deposit and withdrawal flexibility.
Main Takeaways
- Offshore broker with weak regulatory protections.
- Multiple complaints and negative reviews indicate potential scam risks.
- The lack of proprietary trading software raises transparency issues.
- Relatively new broker with limited credibility in the forex market.
FAQs
Is Yorker Capital Markets a regulated broker?
Yorker Capital Markets is regulated by Comoros MISA, an offshore entity with limited investor protection.
Are there scam warnings against yorkermarkets.com?
Yes, WikiFX and Trustpilot reviews highlight multiple complaints and concerns about the broker’s reliability and practices.
Should I trade with Yorker Capital Markets?
Given the negative reviews, offshore regulation, and transparency concerns, it is advisable to consider safer, well-regulated alternatives.
Conclusion – Avoid Yorker Capital Markets
We do not recommend trading with yorkermarkets.com due to the numerous complaints, offshore regulation, and lack of trading software. Protect your funds by choosing a reputable, well-regulated broker.
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