Good morning, sir, I would like to ask for your opinion about the YoutradeFX broker. A review on one of the websites explains that it is regulated by FSA UK, FSC, ASIC. I am interested but still hesitant. Please enlighten me. Thank you.
Indeed, the broker claims to be regulated by FSC, ASIC, & FSA UK. However, the question is why use LR? Personally, the respondent has tried their demo account.
Yourtradefx is also affiliated with Zulutrade, while Zulutrade is registered with NFA - CFTC
There's no need to be confused. In our opinion, the abundance of brokers is a matter of choice. Choosing a broker is the trader's right. The main thing when choosing a broker is to align it with your financial condition. There are brokers that limit trading systems, minimum deposit limits, deposit and withdrawal methods, as well as the speed and duration of deposits and withdrawals. The size of the price spread offered. Regulated or Unregulated, frequent requests occur when running quickly. The existence of Swap or Free Swap, all of this is proof that each broker has its own advantages and disadvantages.
Suggestion: Choose a broker that is close to what you expect, adjust it to your financial condition. Choose a broker that offers free swap if you are a Muslim. Broker info can be seen at
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@ freez:
Based on review information from various sites, YoutradeFX broker is claimed to be regulated by ASIC, while for FSA it is still in progress. With regulation from ASIC, this broker should be considered safe for trading. However, it is not yet very popular in Indonesia.