YCM-Invest is authorised and regulated by the Financial Conduct Authority [Firm Reference Number 470392] to hold client funds, act on a matched principal basis and manage professional clients’ investments.
YCM-Invest Information
YCM-Invest is a UK-based brokerage firm offering a wide range of financial services tailored to professional traders and asset managers. With a focus on transparency and integrity, the firm provides access to various financial markets, including forex, precious metals, indices, energies, single stocks, and cryptocurrency CFDs.
The firm's trading platforms include industry standards like MetaTrader 4 (MT4), MetaTrader 5 (MT5), Currenex, Web Trade, and FIX API, offering flexibility and advanced trading features. Clients can manage their portfolios, execute trades, and access real-time market data through these platforms.
Pros and Cons of YCM-Invest
YCM-Invest offers a high level of security and regulation, being licensed by the FCA, which ensures stringent oversight and adherence to regulatory standards. Additionally, YCM-Invest provides a diverse range of trading instruments such as Forex, precious metals, indices, energies, single stocks, and cryptocurrency CFDs, catering to various trading preferences. The variety of trading platforms available, including MT4, MT5, Currenex, Web Trade, and mobile trading apps, provides flexibility and advanced trading tools for different types of traders.
Despite its strengths, YCM-Invest Securities has notable areas for improvement. The broker's website lacks detailed information about the available account types, making it difficult for prospective traders to compare and select the most suitable option. Additionally, there is no research and educational resources provided, which can be a significant disadvantage for beginners. Lastly, while the trading fees are structured based on the amount deposited, they can be relatively high for smaller deposits, potentially discouraging traders with limited capital.
Is YCM-Invest safe？
Regulations
YCM-Invest is officially licensed and regulated by The United Kingdom Financial Conduct Authority (FCA) under license number 470392.
Funds Safety
YCM-Invest prioritizes the safety of client funds by maintaining segregated accounts, ensuring that client money is kept separate from the company's operational funds. This segregation protects clients' assets in the event of the broker's insolvency. Additionally, YCM-Invest participates in the Financial Services Compensation Scheme (FSCS), providing an additional layer of protection for client investments.
Safety Measures
To safeguard clients' personal and financial information, YCM-Invest employs advanced encryption technologies, multi-factor authentication, and secure socket layer (SSL) protocols. Regular security audits and compliance checks are conducted to detect and mitigate potential threats. The firm adheres to strict regulatory standards set by the FCA, ensuring that all trading activities are conducted fairly and transparently.
What are securities to trade with YCM-Invest？
YCM-Invest offers a diverse range of securities for trading, catering to various investor preferences and strategies.
- Forex: Clients can trade a wide range of currency pairs, including major, minor, and exotic pairs. The broker provides competitive spreads and access to deep liquidity pools, ensuring efficient and cost-effective trading. Forex trading is supported on all major platforms, including MT4, MT5, Currenex, and Web Trade.
- Precious Metals: YCM-Invest provides access to precious metals markets, allowing clients to trade gold, silver, platinum, and palladium. These markets offer opportunities for diversification and hedging against economic uncertainties. Clients can benefit from competitive pricing and leverage options.
- Indices: Investors can trade major global indices, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and more. Index trading allows clients to gain exposure to broader market movements and diversify their portfolios. YCM-Invest offers tight spreads and flexible leverage options for index trading.
- Energies: YCM-Invest offers trading in energy commodities such as crude oil, natural gas, and heating oil. Energy markets are known for their volatility and can provide lucrative trading opportunities. Clients can access real-time market data and advanced charting tools to make informed trading decisions.
- Single Stocks: Clients can trade a wide range of individual stocks listed on major global exchanges, including the NYSE, NASDAQ, LSE, and more. Stock trading allows investors to capitalize on company-specific news and events. YCM-Invest offers competitive commissions and access to extensive research tools.
- Cryptocurrency CFDs: YCM-Invest provides access to the rapidly growing cryptocurrency market through contracts for difference (CFDs). Clients can trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple without owning the underlying assets. This allows for flexibility in trading strategies and the ability to profit from both rising and falling markets.
YCM-Invest Fees Review
YCM-Invest's trading fees are structured based on the amount deposited by clients, with tiered pricing providing lower fees for higher deposits.
For deposits over $25,000, fees are $25/month for FX Majors, $30/month for FX Minors, $40/month for FX Exotics and CFDs, $45/month for Metals, and $50/month for Oil.
For deposits exceeding $50,000, the fees decrease to $20/month for FX Majors, $25/month for FX Minors, $35/month for FX Exotics and CFDs, $40/month for Metals, and $45/month for Oil.
For deposits over $100,000, the fees are further reduced to $15/month for FX Majors, $20/month for FX Minors, $30/month for FX Exotics and CFDs, $35/month for Metals, and $40/month for Oil.
YCM-Invest Platform Review
YCM-Invest offers a range of trading platforms designed to meet the needs of different types of traders:
- MetaTrader 4 (MT4): MT4 is a popular platform known for its user-friendly interface and advanced trading tools. It supports automated trading through Expert Advisors (EAs), advanced charting capabilities, and multiple order types. MT4 is available for desktop, web, and mobile devices.
- MetaTrader 5 (MT5): MT5 is an upgraded version of MT4, offering additional features such as more timeframes, advanced order management tools, and an integrated economic calendar. MT5 supports trading in multiple asset classes, making it suitable for diversified trading strategies.
- Currenex: Currenex is a high-performance trading platform designed for professional traders and institutions. It provides direct access to liquidity providers, low-latency execution, and advanced order routing capabilities. Currenex is ideal for high-frequency trading and large-volume trades.
- Web Trade: YCM-Invest's Web Trade platform offers a flexible and intuitive interface for trading directly from a web browser. It includes real-time position tracking, flexible layouts, and extensive reporting tools. Web Trade is accessible from any device with an internet connection.
- FIX API: The FIX API platform provides low-latency connectivity for market data and trading. It is designed for institutional clients and high-frequency traders who require direct market access and advanced trading capabilities. The FIX API supports the FIX Protocol 4.4, ensuring compatibility with industry standards.
- Mobile Trading: YCM-Invest offers mobile trading apps for iOS and Android devices, allowing clients to trade on the go. The mobile apps provide access to all trading instruments, real-time market data, advanced charting tools, and secure account management features.
Customer Service
YCM-Invest provides excellent customer service through various channels, including email (contact@finotec.com), phone support (+44 (0) 20 351 45555) and a message box on their website. The brokers support team is responsive and knowledgeable, assisting clients with any issues they may encounter.
Conclusion
YCM-Invest offers significant advantages, including FCA regulation ensuring stringent oversight and high security measures such as segregated accounts, encryption technologies, and participation in the FSCS for client fund protection. The broker provides a wide range of trading instruments and platforms, catering to various trading preferences.
However, the lack of detailed account type information on their website, no research and educational resources, and potentially high trading fees for smaller deposits, which could be a deterrent for new and low-capital traders.
FAQs
Is YCM-Invest a regulated broker？
Yes, YCM-Invest is licensed and regulated by the United Kingdom Financial Conduct Authority (FCA) under license number 470392.
What trading instruments are available with YCM-Invest？
YCM-Invest offers Forex, precious metals, indices, energies, single stocks, and cryptocurrency CFDs, catering to diverse trading strategies and preferences.
What platforms does YCM-Invest support for trading？
YCM-Invest supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), Currenex, Web Trade, FIX API, and mobile trading apps for iOS and Android.
Risk Warning
WikiStock's expert assessment of the brokerage's website data is subject to change and should not be taken as financial advice. Online trading carries substantial risks, including the potential loss of all invested capital, and it's crucial to fully understand these risks before investing.
