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.
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.
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.
Related websites and websites that appear to be related include YTFX.com.au, ZoroTrade.com, Tradeo.com, TradeoStage.com, RegulatedOptions.com, WoojooTrader.com, and SunbirdFx.
December 2013: Currently, the only regulator for the You Trade Group is ASIC. Clients need to be registered with YouTradeFx.com.au or specifically request ASIC regulation when signing up via YouTrade.com.
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.
September 2013: The license for International Youtrade Investments MA Ltd in Mauritius has been suspended. Click Here to verify.
November 2014: ASIC has issued a warning about YouTradeFx. Click Here to read it.
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.