Score
YABO MARKET LIMITED
United Kingdom|2-5 years| http://www.yabomarket.com/en
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 Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed YABO MARKET LIMITED also viewed..
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Website
yabomarket.com
Server Location
United States
Website Domain Name
yabomarket.com
Server IP
172.247.111.224
Company Summary
Note: YABO MARKET LIMITED official site - http://www.yabomarket.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
| YABO MARKET LIMITED Review Summary in 5 Points | |
| Founded | 2022 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, Spot and Futures, Stock Indexes, Commodities, CFDs and stock CFDs |
| Demo Account | Not disclosed |
| Leverage | Up to 1:400 |
| EUR/USD Spread | Not disclosed |
| Minimum Deposit | Not disclosed |
| Trading Platform | Not disclosed |
| Customer Support | Email, Address |
What is YABO MARKET LIMITED？
YABO MARKET LIMITED claims to be an online trading platform from the United Kingdom, offering wide array of market instruments including Forex, Spot and Futures, Stock Indexes, Commodities, CFDs and stock CFDs to its clients. Yet, ascertaining its compliance with regulatory norms or overall trustworthiness is complicated due to the unavailability of its website. The absence of regulation brings its authenticity into question.
Through this article, we intend to conduct a comprehensive review of YABO MARKET LIMITED, taking into account diverse aspects of its offerings. Prospective users are advised to read through this piece completely for a profound insight. The closing section presents a concise summary outlining the platform's significant features for quick reference.
Pros & Cons
| Pros | Cons |
| • Wide range of market instruments | • Unregulated |
| • Website inaccessible | |
| • Lack of transparency | |
| • Negative feedbacks from their customers | |
| • Not accept clients from the US |
YABO MARKET LIMITED offers a diverse array of market instruments to its clientele, which stands as a positive attribute.
However, a host of concerning factors raise doubts about its credibility and reliability. Chief among these is its unregulated status, which leaves room for potential inconsistencies with standard financial practices. Additionally, its website's inaccessibility creates difficulties for users in evaluating its services and customer support availability. The platform also suffers from a lack of transparency concerning its operational practices and information such as spreads/commissions/trading platform etc. Consistent negative feedback from customers indicates potential difficulties and dissatisfaction regarding the services offered. Additionally, YABO MARKET LIMITED doesn't cater to clients from the United States, which limits its accessibility to traders globally.
Potential users should carefully weigh these pros and cons before deciding.
Is YABO MARKET LIMITED Safe or Scam？
When considering the safety of a brokerage like YABO MARKET LIMITED or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Currently, this broker is running without any legitimate regulatory supervision, fostering doubts about its legitimacy and trustworthiness. This worry is heightened by the broker's inaccessible website. It's vital to engage in comprehensive research and due diligence when involving oneself with any financial entity, particularly when clear cautionary indicators like these are evident.
User feedback: On WikiFX, there are six reports pointing to suspicions of scams and difficulties with withdrawals, which heightens the potential risks associated with using their services. Therefore, it's vital to thoroughly research any financial platforms before getting involved with them.
Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker.
Ultimately, the decision whether to engage in trading with YABO MARKET LIMITED or not is a personal one, necessitating a careful evaluation of the pros and cons before arriving at a conclusion.
Market Instruments
Yabo Market Limited offers an extensive variety of financial derivatives to cater to a broad spectrum of investors.
Forex trading involves trading on the price fluctuations of global currencies, both spot and futures. Spot forex trading allows investors to buy or sell currencies at their current market value, offering great liquidity and the ability to trade on slight price movements. Futures forex, on the other hand, are contracts to buy or sell a certain amount of currency at a set price on a future date, giving traders the potential for strategic hedging and speculation.
Stock indexes are another instrument provided, enabling traders to speculate on the performance of a particular group of stocks representing a specific market or a sector.
Commodities offer opportunities to invest in tangible assets such as gold, oil, or agricultural products, offering a good hedge against inflation and adding diversification to a trading portfolio.
Contracts for Difference (CFDs) are derivative products that allow traders to speculate on the rise and fall of fast-moving global financial markets without owning the underlying asset. This includes forex, commodities, and indices.
Lastly, stock CFDs, which are a type of contract that allows traders to speculate on price movements of publicly-traded companies' stocks, are also offered. This gives traders the opportunity to capitalize on short-term price movements without actually owning the shares.
Leverage
Yabo Market Limited offers an extensive trading leverage, maxing out at 1:400. However, when it comes to forex trading, they cap the leverage at 1:200. This high degree of leverage permits traders to control a significantly larger position with a relatively small amount of capital, potentially amplifying profits.
However, traders should also understand that while leverage can increase potential returns, it similarly magnifies potential losses, underscoring the need for effective risk management strategies.
User Exposure on WikiFX
On WikiFX, there are six distinct reports highlighting instances of scams and withdrawal issues, all of which should be regarded as major red flags. We keenly encourage traders to thoroughly examine all related information before engaging any actual trading with this broker. Please refer to our platform before embarking on any trading ventures for vital information. If you encounter any dubious brokers or if you've fallen victim to such fraudulent practices, please report it in our “Exposure” section. This greatly assists our mission and our team of experts will quickly respond to handle the situation as effectively as possible.
Customer Service
Yabo Market Limited provides customer support from 07:30 to 23:30 (UTC+8). They can be contacted via telephone at +86 18694551630 and via email at support@yabomarket.com.
For any postal communication or inquiries, their registered address is Flat 43 Perkins House Wallwood Street, London, England, E14 7AH.
Conclusion
YABO MARKET LIMITED, an online trading platform rooted in the UK, offers an expansive portfolio of market instruments such as Forex, Spot and Futures, Stock Indexes, Commodities, CFDs and Stock CFDs. However, several alarming indications bring its credibility into question. Among these concerns is its unregulated status, which could lead to risky scenarios contravening typical financial protocols. The inaccessibility of its website, coupled with negative customer feedbacks on WikiFX, implies a dearth of professionalism and responsibility, negatively impacting user experience.
As a result, prospective traders considering YABO MARKET LIMITED should proceed judiciously, recognising the importance of regulatory compliance and transparency in a trading environment. It's highly recommended to opt for platforms that meet regulation standards.
Frequently Asked Questions (FAQs)
| Q 1: | Is YABO MARKET LIMITED regulated？ |
| A 1: | No. It has been verified that this broker currently under no valid regulations |
| Q 2: | At YABO MARKET LIMITED, are there any regional restrictions for traders？ |
| A 2: | Yes. The broker does not accept customers from the United States. |
| Q 3: | Is YABO MARKET LIMITED a good broker for beginners？ |
| A 3: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website and negative customer feedbacks. |
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
News
Exposure Yabo Market's Ultimatum | Tax Payment in 2 Days or Account Freezing!
Tax scams are one of the common tactics used by unreliable forex traders. WikiFX has witnessed many cases wherein a fraudulent forex broker scared their trading clients about having tax payments in arrears and urged them to pay quickly before being punished by the authorities. However, it is rare to see a forex broker that uses this as an ultimatum, or rather “threat” towards its clients.
2022-09-02 18:00
Exposure Yabo Market Limited “disappeared” when the Turkish trader asked for withdrawal.
Yabo Market Limited is an online forex broker registered in China. It was newly established. Recently this broker has caught our attention because one trader from Turkey told WikiFX that Yabo Market Limited does not allow him to withdraw. Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. In this article, we will expose this case to you in detail based on the evidence provided by the victim.
2022-08-05 19:00
Review 7
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Review 7
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Tay1
Turkey
Unable to withdraw，they are scammers, all they want you to do is deposit in more money
Exposure
2022-09-03
Ankit 35455
India
Hi, I received a message from a Chinese Girl; she begins getting cordial with me. In something like a month, she begins pushing me to put resources into a Website Yabo.mt-crm.com. She said her dad is in this Association and she can share inside data and get me an arrival of over 100 percent. At first, I expressed no to her and told her this is inside exchanging and unlawful in many regions of the planet. She expressed no here in China it is entirely legitimate and again pushed me to contribute min. 2000 USD. Without a doubt in 7 days, this 2000 USD become 4000 USD yet in their servers. In 3 days she again begins pushing me to contribute more and she guarantees me that I will get an arrival of 200%. I said no and ask let me pull out some cash yet she said no ought to contribute more as her uncle will resign in a couple of days, I contributed around 2500 USD once more and afterward they provided me with one more return of 150% on this sum and my pay will become around 9000 USD(as they gave me some on my prior 4000 USD). This time I attempted to pull a few cash from the record and here they begin making inconvenience and asking me for 2000 USD for my KYC. I gave another 2000 USD and presently it's just about 11000 USD in my Yabo account. Indeed, even after this KYC they again didn't permit me to pull back my cash and requesting to pay an expense of 3000 USD as a Tax. These gentlemen are cheats and use ladies as their deals specialists. I'm wanting to send off an objection against them with the Cybercrime cell so their site and server shouldn't work here in India and individuals ought not be in a difficult situation like me.
Exposure
2022-09-03
G39917
Peru
I met a woman through facebook who called herself Meiqi Wu, She told me that she was from Hong Kong and that she had been in Peru until 03/22 but that she planned to return to Peru in September of this year 2022. After a few days of chatting she told me that she invested her money in the financial market, more specifically in foreign exchange, which seemed normal to me since Hong Kong is the financial center of China. As the days passed she asked me for help to be able to access her account, since she couldn't do it from Hong Kong because many applications were restricted there. of the MT5 account look for the broker Yabo Market Limited. After trading with her account 2 times, she offered to teach me how to create an account for me and thus earn money quickly, which I thought was very good, since the profit s that were obtained were between 6 to 13% daily because supposedly she had PRIVILEGED INFORMATION that was provided by her brother who was a senior junior in a financial company in the US. UU and that is why she also invested all her savings without fear of losing them. The truth is that she seemed like a reliable person to me, since she wrote to me every day, in the mornings and in the afternoons and we chatted a lot, she also sent me photos and videos of her, of the activities she was doing and even photos of her family.So at first I decided to invest 100 USD and the profit was 13 USD in a single transaction, then I decided to invest 200 USD more and 200 USD more, the daily earnings were quite good, and at first it allowed me to withdraw the earnings without any problem (3 times), I must also say that she constantly insisted that I invest larger amounts because when she came to Peru to see us, she would no longer have that privileged information, her insistence was so much that it bothered me and I began to suspect her. I told Meiqi that I would not invest any more money for the time being; so she got upset and told me that maybe she expected too much from me and stopped talking to me the next morning (08/18/22)... but on the night of that same day (08/18 /22) He talked to me about trading again but he didn't mention anything about continuing to invest. I must also say that on 08/18/22 around 9 A.M. I decided to withdraw 1344 USD, but the amount did not reach my binance account, the so-called MT5 customer service told me that I could not do it since they had detected that I was using inside information and that my account had been blocked... and that to unlock it I would have to deposit 500 USD again to the Yabo Market Limited account... To which I replied, Are you trying to scam me?, after that they didn't answer me anymore. So I asked Meiqi what was was going on, why did MT5 customer service tell me that? She only told me that she would also withdraw her funds to see what happens, but then she didn't reply to me anymore either. My total loss was 1800 USD, please have Be very careful with this scam method.
Exposure
2022-08-20
J58957
India
they did not let me withdraw my deposited amount. asking to pay tax on it.
Exposure
2022-08-02
Yayo Pizarro
Chile
These people move from one broker to another in anight, using DAC, Elderton, Intervate and now Yabo, I had 535usd in elderton and they did a so-called maintenance, in which I had to transfer them the same amount of money that I had in my account to activate the one you already had. Be very careful with those brokers.
Exposure
2022-07-24
kick7423
India
Dear sir/madam, I deposited 80$ in yabo market for trade in MT5. Bt now withdrawal not possible & no contact support available in yabo market . Kindly please help me for bring my money Thank you
Exposure
2022-07-14
FX1350104482
Philippines
Specifically, I had problems with this broker's dealing desk and slippage, so I contacted customer service. The knock in delay that initiallyenraged me was addressed by their customer service department. For this reason, I rated the broker highly. Overall happy trading. But i won't recommend this broker to more people.
Neutral
2023-03-23