Since the foreign exchange industry is growing on a daily basis, many brokers are using various methods to attract new clients. First of all, they often offer many attractive bonuses and promise that monetary transactions can be done at every moment and without any problems. Unfortunately, we’ve discovered a broker with whom many traders had some very bad experiences. Although they seem like a legit company, we think you should think twice before opening an account with them. Read our YouTradeFX Scam Warning security analysis and protect your money!
YouTradeFX Scam Warning | Bonus Problems
As we’ve mentioned in the first paragraph of our YouTradeFX scam warning, brokers use various methods to attract clients. One of the most common ways to do that is to offer a bonus. It can vary from broker to broker, but nowadays almost everyone offers some kind of bonus package. Having a welcome bonus in the offer has become a standard in this industry, but there are also some other types bonuses you can get, such as refer-a-friend bonus. When it comes to this, YouTradeFX is no exception. They do offer bonuses, but the difference is that with them you probably won’t get your extra funds. As we’ve read from their ex-clients’ comments, YouTradeFX will indeed offer you some nice bonus amounts, but they won’t really give them to you. It’s normal that you have to trade a certain volume in order to be able to withdraw the bonus, but this broker didn’t allow its clients to make a withdrawal at all. Traders tried to contact the company, but in many cases, they didn’t answer any phone calls or e-mails. However, that’s not the only problem. Keep reading and find out all you need to know!
YouTradeFX Scam Warning | Withdrawal Problems
Providing your clients with safe trading surrounding is a must in the foreign exchange industry. This is the most important part of safe and reliable trading process – monetary transactions. You have to know that you can make your withdrawal in accordance with your broker’s rules at any moment. Unfortunately, many traders had some bad experiences when they tried to withdraw the money they’ve earned with YouTradeFX. The broker just flat out ignored them or tried to make up some excuse with “technical difficulties”. True some people did manage to get their money in the end, but this was only after a grueling effort and weeks of trying to get a hold of someone from the company. This is by no means how things are done and we advise you stay away.
YouTradeFX Scam Warning | Conclusion
At the end of our YouTradeFX Scam Warning, we can only say that we really think you should avoid this broker. Although they might seem like a legit company, traders had many problems with their bonus policy and the process of withdrawal. Furthermore, many of them couldn’t get in touch with the broker’s support team, so we think that you should trust our security analysis and start your forex career elsewhere!