YSI Fx is a new Forex broker, that opened in April 2020.
Officially they are owned and operated by; YSI Markets Corporation. They show a Regis Office address of: Level 13, 135 King Street, Sydney, New South Wales, NSW 2000, Australia. Customer support email address is: [email protected], and their phone number in Australia is: +61-2-5633-1045. Their official website is located at: https://www.ysifx.com/.
To find a licensed broker, look here.
YSI Fx Broker Review
Our review of the broker YSIfx shows that they offer their investors / day traders, the basic MT4 (Metatrader) trading platform. Mobile trading is available via the standard MetaQuotes MT4 apps for Android and iOS.
This broker offers CFD trading on many underlying assets in the categories of: Forex, Indices, Energy, Commodities and Individual Shares. Spreads on major currency pairs start at 1 pip, and leverage ranges from 1:1 – 1:200. The minimum deposit for a Classic trading account at YSI Fx is $1000.
Automated Trading Apps
Many newbie investors start trading because they read about an automated algorithm software online. Before you start trading, it is important to understand that many trading bots do not work, and some are outright scams, read this article.
Is YSI Fx a Legit Broker?
No, YSI Fx is not an ASIC licensed CFD broker, and they are not a regulated by the IIROC in Canada. For withdrawal problems or complaints, read this.
YSIFX under the corporate name YSI Markets Corporation is registered with FinTrac in Canada as an MSB (Money Services Business) see here. The registered on April 22, 2000 and received an MSB Registration Number of M20694190. Their address is 500-7030 Woodbine Ave, Markham, ON, Canada L3R6G2. Phone number: (236) 593-1091.
When the Scam Broker Investigator reviews a new Forex CFD broker to see if they are a scam or a legit broker, we check for a license from a government financial regulator. All online brokers, must be licensed and regulated. Using a local brokerage firm, that is licensed in your country ensures that you will not have problems withdrawing your profits.
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Existing clients of YSI Fx are asked to share their experience using this broker with other investors, in the comments section below.