YaMarkets Broker Review: All You Need To Know!

YaMarkets Review Introduction

YaMarkets is a popular online broker that offers a wide range of financial instruments for trading, including forex, indices, cryptocurrencies, and commodities. They are headquartered in St. Vincent and the Grenadines and is regulated by the MISA and VFSC.

YaMarkets is also a top-rated broker in SouthEast Asia with more than 25,000 active accounts. Also, they offers local deposit and withdrawal solutions for customers from South-East Asian countries.

YaMarkets was founded in 2016 and offered a maximum leverage of up to 1:1000. The minimum deposit is $10, and the company provides multiple payment gateways. Customer support of the broker is available 24/5 in various languages.

The brokeralso offers a demo account. The company is not publicly traded and also offers crypto trading.

According to our research for YaMarket review, compared to other brokers, the minimum deposit is relatively low, which makes it attractive for new traders. The wide range of tradable instruments is also a plus.

Traders can access a wide range of tradable market instruments to diversify their portfolios. The company's customer support is also very responsive and always happy to take customers' queries.

YaMarkets broker supports both MT4 and MT5 platforms which is a big plus. These are two of the most used trading platforms in the industry and offer a wide range of features and tools.

In addition, the company also offers MT4 and MT5 mobile trading apps for Android and iOS, which is very handy.

The leverage available is up to 1:1000 and it is suitable for experienced traders who want to take more risks but can be challenging for newbies.

The company has implemented all the modern trading technologies to ensure its clients have an excellent trading experience. The most significant advantage of YaMarkets is that they offer multiple payment gateways.

Safety details

As per our review, YaMarkets is a regulated broker by MISA and VFSC. The company follows all the regulatory advancements that protect clients' precious data and funds so they can peacefully trade the markets.

For example, the company uses the latest SSL encryption technology to protect client information and funds. The company has also implemented the Negative Balance Protection policy, which ensures that clients will never lose more than their deposits.

With the Negative Balance Protection policy in place, clients can trade with peace of mind knowing that their risks are limited.

YaMarkets also offers a segregated account policy that ensures client funds are kept safe and separate from the company's funds. It protects clients' funds in case of any financial difficulties the company may face.

In addition, YaMarkets has active tie-ups with multiple tier-1 banks, ensuring that client funds are always safe and sound.

Our review team found that the broker is an excellent choice for both experienced and new traders. The company offers a wide range of tradable instruments, platforms, and features protected with a multi-layered security system.

YaMarkets has also implemented 2FA, in which a one-time password is sent to the client's registered mobile number for an extra layer of protection. In addition, they have implemented KYC (Know Your Customer) and AML (Anti Money Laundering) policies to protect clients from financial crimes.

AML ensures that all transactions are carried out using legitimate funds, while KYC ensures that all clients are verified before trading. YaMarkets is a great broker that offers a wide range of financial instruments, a great platform, and a wide range of base currencies.

Fees details

YaMarkets takes a deposit fee of 2% from traders and the withdrawals are available at current rates. You can get in touch with the customer team to know more about the deposit and withdrawal fees.

However, if you are depositing and withdrawing funds in crypto, you don't need to pay any charges.

Moreover, the company makes money from the spread, which is the difference between the bid and ask prices. The spreads ranges from 0 pips to 2.0, which are standard compared to other brokers.

Spreads fee

Like other brokers, YaMarkets also charges a spread fee. The average spread for the major currency pairs starts from 0.1 pips, which is competitive with other brokers. YaMarkets claims to offer tight spreads to its traders that help them with their trading goals.

The broker does not charge any commission, making this platform an excellent choice for those who want to trade without any commission.

The Ultimate YaMarkets account spreads are 1.8 pips, for the Standard account, it's 1.5 pips, and for Royale & ECN accounts, it's 1 pip and 0.1 pips, respectively. It offers a leverage of up to 1:1000, higher than most brokers offer.

It is great for experienced traders who want to take more risks and amplify their profits easily. The overall spread structure is quite competitive when compared to other brokers.

Swap fee details

Traders are liable to pay swap charges when they keep their positions overnight. As per our YaMarket review research, YaMarkets swap fees are very competitive, and the exact swap fees are not mentioned on their website.

It's because the swap fee can vary depending on the instrument that you are trading. This fee is calculated based on the interest rate differential between the two currencies involved in a currency pair.

Therefore, when you hold a position overnight, you have the opportunity to earn or pay interest depending on the currency pair.

Deposit and withdrawal options

YaMarkets supports a wide range of deposit and withdrawal options, making it very convenient for traders. The company supports both fiat and crypto deposits. Some popular deposit methods include bank wire transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The minimum deposit amount is $10, which is relatively low.

When it comes to withdrawals, the company charges a small fee depending on your withdrawal method, and the average withdrawal fee is around 5%. However, if you are withdrawing in crypto, there are no charges.

The minimum withdrawal amount is not mentioned on their website. You can contact their customer support for more details. YaMarkets offers 24/5 customer support in English and multiple languages if you have any queries regarding deposits or withdrawals.

Both deposits and withdrawals are secured with the latest technologies. For example, YaMarkets uses SSL encryption to ensure that all the data is safe and secure. Moreover, the company is also compliant with the AML and KYC policies.

In KYC, you must deposit documents like your passport or ID to verify your identity. In addition, YaMarkets also supports country-specific local wallets so that traders can quickly deposit and withdraw funds.

Moreover, this platform also supports UPI, where traders can quickly deposit and withdraw funds in their local currency.

Tradable markets

According to our research for the review, YaMarkets offers multiple markets for trading, including forex, indices, cryptocurrencies, and commodities. The company provides more than 50 currency pairs for trading, which is a great choice.

The company also offers various indices, including the central US, UK, and European indices. First, let's look at all the tradable markets:

Forex

The company offers more than 50 different currency pairs for trading, which is a great choice, and they include all major, minor, and exotic currency pairs. Some popular forex pairs that you can trade are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD.

In addition, at YaMarkets, you can also trade exotic currency pairs like EUR/TRY, USD/MXN, and USD/ZAR. With minimum leverage of 1:500, you can trade with high leverage. The forex market is the most leveraged market at YaMarkets, with a daily trading volume of more than $5 trillion.

Indices

YaMarkets also offers a wide range of indices for trading, including the major US, UK, and European indices. The most popular indices are Dow Jones Industrial Average (DJIA), S&P 500 Index, Nasdaq Composite Index, FTSE 100 Index, and DAX 30 Index.

The leverage for indices trading is 1:500, which is relatively high. Indices trading is highly volatile and offers opportunities to make good profits. Regarding indices, They have a lot to offer traders, whether experienced or beginners.

Cryptocurrencies

They also offer cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. YaMarkets also provides a wide range of altcoins for trading. The leverage for cryptocurrency trading is 1:5.

Cryptocurrency trading is highly volatile and offers opportunities to make excellent profits. You can start trading and investing in crypto with just $10.

Commodities

YaMarkets also offers commodities for trading, including gold, silver, oil, and gas. The leverage for commodity trading is up to 1:1000, which is relatively high.

Commodity trading is also highly volatile, bringing a higher opportunity to make significant profits. In addition, commodity trading lets you trade on the prices of essential materials.

YaMarkets offers a great choice of tradable markets and instruments. The company also provides a demo account to try out their platform and test your trading strategies.

In addition, the company has implemented all the modern trading technologies to ensure that its clients have an excellent trading experience.

Leverage

In trading, leverage let's traders open positions larger than their account balance. For example, if a trader has $300 in their account with a leverage of 1:500, they can open a position of up to $150,000.

Similarly, if you have a leverage of 1:300, you can open a position worth up to $90,000 with your account balance of $300.

The high leverage offered can be both good and bad. On the one hand, it allows traders to open large positions and potentially make more profits.

It also means that traders can lose more money if their trade goes against them. Therefore, the company has a negative balance protection policy which protects traders from losing more than their account balance. The leverage is up to 1:1000.

Trading platforms

Being a regulated broker, YaMarkets must offer their clients a segregated account. It is a particular account where the client's funds are kept separate from the company's operating funds.

It protects the client's funds in case the broker goes bankrupt. They offer both MT4 and MT5 platforms. Along with MT4 and MT5 platform support, YaMarkets has also launched its binary platform called Yaoptions.

Let's look at both available trading platforms for traders:

MT4

MT4 is a popular open-source trading platform for desktop, web, and mobile. The platform is very user-friendly and offers many features and tools. Traders can access a wide range of financial instruments and markets. MT4 provides various advantages to its users:

• A wide range of financial instruments: MT4 offers access to various financial instruments, including forex, cryptocurrencies, commodities, and indices.
• User-friendly interface: The platform has a user-friendly interface suitable for both new and experienced traders.
• Advanced charting tools: MT4 offers advanced tools that allow traders to make better decisions.
• Automated trading: MT4 supports automated trading via Expert Advisors. It is an excellent feature for experienced traders who want to take advantage of advanced trading strategies.
• Mobile trading: MT4 is available for mobile trading via Android and iOS apps. It is convenient for traders who want to trade on the go.

MT5

MT5 is the next-generation trading platform that offers many features and tools. MT5 is accessible on desktop, web, and mobile. MT5 lets traders access a wide range of financial instruments and markets.

Compared to MT4, MT5 lets traders access more markets. MT5 offers the following advantages to its users:

• A wide range of financial instruments: MT5 offers access to various financial instruments, including forex, cryptocurrencies, commodities, and indices.
• Advanced charting tools: MT5 offers tools that allow traders to make better decisions.
• Automated trading: MT5 supports automated trading via Expert Advisors. It is an excellent feature for experienced traders who want to take advantage of advanced trading strategies.
• Mobile trading: MT5 is available for mobile trading via Android and iOS apps. It is convenient for traders who want to trade on the go.

Mobile trading with MT4 and MT5

YaMarkets offers mobile trading apps for both MT4 and MT5 platforms for Android and iOS devices. The mobile trading apps provide all the features and tools available on the desktop platforms, which is very handy for traders who want to trade on the go.

cTrader

cTrader is a powerful and user-friendly trading platform that offers a variety of features to help you trade the markets. Using cTrader, you can easily trade forex, CFDs, and futures. The cTrader platform has a user-friendly interface that is easy to navigate. The platform also offers a variety of features, such as advanced charting, market news, and an economic calendar. Some key features of cTrader include:

• A user-friendly interface
• A variety of charting and analysis tools
• A wide range of order types
• Access to a large number of markets
• Generous leverage options

cTrader is ideal for experienced traders looking for a powerful and user-friendly platform. The platform offers a variety of features that can help you trade the markets swiftly.

Match-Trader

Match-Trader is an award-winning platform for creating a transparent, distributed, and independent ECN Forex market. The platform matches orders between brokers, funds, and banks in real-time. Match-Trader users can copy their MT4/MT5 trading account to the platform and trade with various brokers. The main features of Match-Trader include:

• A powerful and user-friendly platform
• A variety of brokers to choose from
• The ability to copy MT4/MT5 trading account
• Trade with a variety of order types
• Access to a large number of markets

Match-Trader is a powerful broker solution designed to create a transparent and distributed ECN Forex market. The platform is easy to use and provides a variety of features that can help you trade the markets with a large number of brokers.

Available accounts

YaMarkets is among the leading online brokers that offer four accounts catering to the different needs of their clients.

These accounts provide a wide range of features and benefits that can be customized according to the client's preference. The four types of account offered are:

Ultimate account

The minimum deposit for this account is $10, which offers leverage of 1:500. This account also has a swap-free option. The minimum trading volume is 0.01 lots, and the account provides a spread starting from 1.8 pips.

The Ultimate account offers margin call and stop-out at 70% and 50%, respectively. The order execution at the Ultimate account is instant; orders are filled at the best available prices.

This YaMarkets Ultimate account is ideal for newbies and those who want to trade with a smaller amount of money.

Standard account

The Standard account requires a minimum deposit of $500. It offers leverage of 1:500. This account also has the swap-free option, which lets Islamic clients trade without violating their religious beliefs.

The account provides a spread starting from 1.5 pips, and the minimum trading volume is 0.01. The Standard account also has a margin call of 70% and stop-out at 50%. The order execution at the YaMarkets account is also instant. Moreover, this account doesn't charge any commissions. This account is best suited for experienced traders who want to trade with a more considerable amount of money.

Royale

The Royale account is the most exclusive account that requires a minimum deposit of $2500. This account provides leverage of 1:300 and also offers the swap-free option.

The Royale account offers a spread starting from 1 pip, and the minimum trading volume is 0.01. The account also has a margin call of 70% and a stop-out at 50%.

The order execution at YaMarkets is instant, and this account is ideal for those who want to trade with lower spreads and a good investment amount.

ECN

The ECN account is a popular type, requiring a minimum deposit of $5000. This account provides leverage of 1:200 and has the swap-free option. The ECN account offers a spread starting from 0.1 pips, and the minimum trading volume is 0.01.

The account also has a margin call of 70% and a stop-out at 50%. The order execution at this account is also instant, and this account is best suited for experienced traders who want to trade with lower spreads.

ECN accounts are those where the broker doesn't make a profit from spreads but charges a commission per trade.

Along with this, YaMarkets also offers a demo account that doesn't require any deposit. It is an excellent method for traders to get familiar with the company's platforms and offerings without risking any real money.

The demo account comes with all the advanced features and benefits offered by the other types of accounts.

How to open an account with YaMarkets

Follow the simple steps below to open an account with YaMarkets:

• Step 1: Visit the YaMarkets website and click on the 'Register' button.
• Step 2: Fill in the online registration form with your details and click on the 'Submit' button.
• Step 3: Verify your email address and phone number.
• Step 4: Make a deposit and start trading with Yamarkets.

Customer support information

YaMarkets brokers offer responsive customer support that is available 24/5 in multiple languages. The customer support team can be reached via phone, live chat, and email.

The company has multiple international branches in China, Malaysia, India, Pakistan, Sri Lanka, Portugal, and Dubai (HQ) to efficiently cater to clients' requirements. Moreover, they also offers support over WhatsApp.

Research tools

YaMarkets offer a handful of research tools that help you make informed decisions about your trades. These research tools include:

Economic Calendar

This calendar helps you stay up-to-date with all the important economic events that could potentially affect your trades. This tool helps you plan your trades around these events and make the most out of them.

Daily trading signals

This tool provides you with daily trading signals to help you make better trading decisions. These signals are generated by professional analysts with years of experience in the financial markets.

Calculator

This calculator helps you calculate all the critical parameters you need to consider before placing a trade. It includes the pip value, margin requirements, and more.

Charting tools

These tools help you visualize the financial markets and make better trading decisions. The charts can be customized to your liking, and you can use a variety of indicators to make them more informative.

Educational content

The broker offers a dedicated blog covering a wide range of topics related to trading. The blog is regularly updated with new content and covers various topics such as forex tips, market analysis, technical analysis, and more.

YaMarkets offers comprehensive trading knowledge with its educational workshop named hashtag #Learn and then trade for its global audience. Moreover, they have a special trading workshop for India called #Sikho Phir Trade Karo. In addition, the company also offers a wide range of video tutorials covering everything from the basics of online trading to advanced trading.

YaMarkets awards

YaMarkets has won numerous awards for the best education provider, best affiliate program 2022, best FX trading platform in Asia, and many more.

YaMarkets in a nutshell

YaMarkets is a leading multi-asset broker that offers a wide range of financial instruments for trading, including forex, indices, cryptocurrencies, and commodities.

The company is headquartered in St. Vincent and the Grenadines and is regulated by the MISA and VFSC.

Overall, the broker is an excellent choice for new and experienced traders looking for a reliable platform with a wide range of tradable assets.

FAQ

What is the minimum deposit at YaMarkets?

The minimum deposit is $10.

What is the maximum leverage offered by YaMarkets?

The maximum leverage offered is up to 1:1000.

Does YaMarkets offer a demo account?

Yes, it offers a full-fledged demo account.

Is YaMarkets a regulated broker?

Yes, YaMarkets is a regulated broker by MISA and VFSC authorities.

What are the deposit methods at YaMarkets?

The deposit methods are bank transfer, credit/debit card, and e-wallets.

What are the withdrawal methods at YaMarkets?

The withdrawal methods available are similar to the deposit ones — bank transfer, credit/debit card, and e-wallets.

How to open your account with YaMarkets?

You can open an account by going to their website and filling out the online registration form.

Do YaMarkets support MT4 & MT5?

Yes, it supports MT4 and MT5.

What are the spreads at YaMarkets?

The spreads start from 0.1 pips.

What is the minimum trade size at YaMarkets?

The minimum trade size is 0.01 lots.

How to contact YaMarkets customer support?

You can reach out to customer support via live chat, email, or telephone.

Does YaMarkets offer educational content?

The broker offers educational content through blogs and videos. They also conduct webinars and offline workshops to help their clients.

Can US residents open accounts at YaMarkets?

No, US residents can't open accounts at YaMarkets as of now.

How can I change my password at YaMarkets?

You can change your password by going to the client portal and clicking on the "change password" button.

What account types do YaMarkets offer?

It offers four accounts — Ultimate, Standard, Royale, and ECN.