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About company
CFD investment broker YCM Invest was founded in 2001 in the United Kingdom. YCM-Invest is licensed and regulated by the Financial Conduct Authority. Broker license number: 470392. The ycm-invest.com website is owned and operated by YCM-Invest Ltd.
The corporation describes the following competitive advantages on its website: coverage of important economic events, smooth execution, expert commentary, daily analysis, free detailed educational resources, tools and guides, customer support, frequently asked questions about trading, more than 2000 tools, premium customer service available for eligible trading accounts, placing multiple trades from different markets with stable, ultra-fast trading execution, a wide range of assets and major or exotic currency pairs, stocks, digital pairs and all commodities, specialized services, including comprehensive resources and a convenient trading experience, the right tools that will facilitate the achievement of trading goals, trading with leverage up to 1:400 leverage, lower initial investment optimization, funds and data are protected with 256-bit SSL encryption, averaging 0.02 seconds, all in one account, knowledge and experience.
Trading conditions
Standard (minimum deposit $100), Mini (minimum deposit $0) – these are the types of trading accounts available for registration with the broker. Forex, Precious Metals, Indices, Energies, Single Shares, Cryptocurrency CFDs - these assets are available for online trading through this broker. A demo account for testing trading strategies is not available. To become a client of a broker, you need to register a trading account. No minimum refill required. Traders with authorized accounts can find many useful and interesting sections on the company's website: Distribution of funds for successful traders, investments in CFDs on Krypfin cryptocurrency, Affiliate program representing brokerage center, YCM Edge. Information about welcome bonuses, PAMM and MAM accounts is not available or missing.
Trading platforms
Investment broker YCM Invest actively cooperates with the MetaQuotes software development company, therefore it provides its clients with the MetaTrader 4 and MetaTrader 5 trading platforms for free. Both platforms also have a web terminal for trading through a browser and a mobile application for trading from a smartphone. Among other things, clients can also choose from the new Currenex trading platform and the FIX API custom editor.
Technical support
The customer support service works and accepts requests 24/5 by phone +44 (0) 20 351 45555, email contact@ycm-invest.com. It is also possible to leave a request for a callback, indicating the contact details on the company's website.
Deposit/Withdrawal
The following deposit or withdrawal methods are available for the broker's clients: Visa, MasterCard, bank transfer, Skrill, Neteller.
Trader reviews
We managed to find quite a few negative reviews about this company. Main claims: misrepresentation about the long history of the broker, incompetent technical support, suspicions of a scam, difficulties with withdrawing funds.
Broker Advantages
- Technical support contacts
- Presence of a regulator
- MetaTrader 4
- Lots of assets
Broker Disadvantages
- Scam suspicions
- Incompetent technical support
- Slow withdrawal
- Few trading accounts
Conclusion
Each trader makes an independent decision regarding the choice of a broker for cooperation. This is perhaps the most important decision in a trader's career. Therefore, carefully check several fundamental factors that will help you determine the reliability of a broker: the reputation of the broker, real feedback from traders, real trading conditions, the behavior and qualifications of technical support, the presence of a reliable regulator.
