YouTradeFx.com Review
As if all the other problems were not bad enough, YouTradeFx's mail server appears to be blocking the emails of many clients who are owed money. The FPA is aware of email issues with YouTradeFx's servers that have been happening for several years. The fact that clients could lose all ability to check on missing and blocked withdrawals is a very good reason for no one to open an account with YouTradeFx.
SCAM CONFIRMATION
January 20, 2014, SCAM CONFIRMATION: Based on the available evidence, the FPA now considers YouTradeFx to be a SCAM. YouTradeFx is now blacklisted by the FPA.
The FPA recommends AGAINST opening an account with any branch of YouTradeFx or any company associated with it. If you have an account there, the FPA recommends that you attempt to withdraw your funds immediately.
SCAM CONFIRMATION
ATTENTION: If you are a YouTradeFx client and your withdrawal request has been ignored for more than one week, please go ahead and leave a 1 star review. Then CLICK HERE for more instructions.
November 2014: ASIC has issued a warning about YouTradeFx. Click Here to read it.
September 2013: The license for International Youtrade Investments MA Ltd in Mauritius has been suspended. CLICK HERE to verify.
March 2013: Numerous fake positive reviews detected and deleted. There was a long-term campaign to buy fake 4 and 5 star reviews from non-customers to alter YouTradeFx's overall rating. The campaign appears to have been begun by Shimon Harel, a former employee of YouTradeFx. After his departure a freelance subcontractor, named Shivam Sharma, continued to operate the program on his own. It appears that Shivam's work was not known to anyone besides Shimon. The FPA thanks YouTradeFx employees George Becker and Micheal Mimouri for assisting in gathering information and putting a stop to this unethical practice.
December 2011: The FPA is currently working with 4xangels.com to examine what the connections are and are not between YouTradeFx and the StartForex, which received an FPA Scam Finding. July 2013 UPDATE: The YouTradeFx representative working on this case never was able to provide the information needed by 4xangels. December 2013 Update: There has been significant progress towards resolving the original issue with StartForex. If this reaches a successful conclusion, any possible relationship between YouTradeFx and StartForex will be irrelevant. February 2014 Update: There has been a major step forward in resolving the original StartForex Scam Finding. April 2014 Update: All progress has been halted. YouTradeFx is not responding to emails from the FPA or the client on this issue.
Related websites and websites that appear to be related include YTFX.com.au, ZoroTrade.com, RegulatedOptions.com, WoojooTrader.com, BuzzTrade.com, and SunbirdFx.
Please read THIS THREAD to see some of the evidence linking YouTradeFx and SunbirdFx.
Recent User Reviews of YouTradeFx.com
I want back my money please
my acount : 190058
I want yor help please
I has 2 account one equity more than 7000 (Balance: 7 313.17 Equity: 7 313.17 Free Margin: 7 313.17), and one more than 13000 (Balance: 13 138.46 Equity: 13 138.46 Free Margin: 13 138.46).
First, they say need 24h to process, after that they say need 72h, anh finally, block my skype and not reply my email.
All the phone number are fake one, no work, only auto-reply.
The last chat on skype, I say I will complain on FPA, this is Ivan answer:
[1/12/2016 10:58:21 PM] Huỳnh Vĩnh Phước: So i will complain again to morrow
[1/12/2016 10:58:37 PM] Ivan Kabinov: what complian
[1/12/2016 10:58:39 PM] Ivan Kabinov: bye
[1/12/2016 10:58:45 PM] Ivan Kabinov: will stop everything
[1/12/2016 10:58:46 PM] Huỳnh Vĩnh Phước: If I dont receive my money, i will give a new topic
[1/12/2016 10:58:47 PM] Ivan Kabinov: not care
[1/12/2016 10:58:57 PM] Ivan Kabinov: bye and don't contact me again
[1/12/2016 10:59:01 PM] Huỳnh Vĩnh Phước: You dare me
[1/12/2016 10:59:09 PM] Ivan Kabinov: never will receive
[1/12/2016 10:59:13 PM] Ivan Kabinov: and never will give you
[1/12/2016 10:59:16 PM] Ivan Kabinov: you blackmail
[1/12/2016 10:59:22 PM] Ivan Kabinov: don't want to understand
[1/12/2016 10:59:26 PM] Ivan Kabinov: bye
Please NOT do business with this company,
+46844680433 is Ivan Kabinov number registed in Skype.
This is 5stars bank account and registed in Bulgari (NOT Sweden or Seychelles)
it is now been 6 months and for the last month i can not log into my client potral wit YTFX and Sunbird FX.
also I have been trying to contact my Account manager Daniel Colin with no success for the last 42 days.
They ask you to open a position on EURHUF which has a HUGE spread and if you are cought in the trap, you will loose all your money, it is impossible to win because of the huge spread.
[IMG]http://i.imgur.com/fbs7tQM.png[/IMG]
Odd thing is when I contacted YTFX support back in October 2014 I received the reply from a company called USG Capital (the reply was in hebrew). Is this company active in any other countries?
2014-10-09 1 Star Hi,
Here is some mail from Daniel
Hello Marko,
This is Daniel Colin, your Broker from YoutradeFX.
I’m trying to reach you but unsuccessful, perhaps it is not a good time for you to talk.
Please reply to my e-mail with a good time for us to talk because I have a really good information for you!
Looking forward in your reply as soon as possible!
Best Regards,
Daniel Colin
Daniel Colin | International Desk Manager
Tel:+44 (20) 30266006 Ext: 2218
DanielC@ytfx.com
Marko, insta forex will steal your money.
You will not be able to withdraw and they will ask you for more money.
Yes we do charge a fee, but that is very small compared to the fact that you lose all your money with Insta Forex.
They are a scam company. Be aware.
Daniel Colin | International Desk Manager
Tel:+44 (20) 30266006 Ext: 2218
DanielC@ytfx.com
Find on Facebook Skype UsYOUTRADEFX
The ACTFEE is also called account fee.
It represents a monthly account management fee but it can also be added back to your account. No problem there.
Daniel Colin | International Desk Manager
Tel:+44 (20) 30266006 Ext: 2218
DanielC@ytfx.com
Now I make a withdrawal, but they dont answear on my question until 2 days.
I am afraid that this is the end and I lost all my money.
Currently I am feeling idiotic for having opened an account with SunbirdFX! Somehow I really hope that this problem can be resolved however at this point in time it seems doubtful to say the least.