WilliamYoungs Review: Secrets and Lies of WilliamYoungs.net Broker
WilliamYoungs is an anonymous trading brokerage that has certainly put a lot of effort into marketing. The brokerage has advertised its services all over social media and Google, luring investors into their trap.
However, our honest WilliamYoungs review will show you the truth. Don’t miss anything, as you want to avoid this and similar brokers in the future.
|Type of company
|Inactive Scam Broker
|Warnings from Financial Regulators
|No official warnings
|Data is hidden
|Majority of clients are from
|Australia, United Kingdom, Greece
WilliamYoungs Regulation – Is the Broker Legit?
According to the WHOIS database, WilliamYoungs registered its domain in August 2023. However, this domain is already inaccessible, meaning we cannot find any relevant details at present.
Our research showed us that the company operated anonymously. While there are plenty of good (paid) reviews out there, none of them shows the company owner or any kind of financial regulation. This is a big enough sign to avoid WilliamYoungs, AGIOFX, and similar companies.
Trading Software – What’s on Offer?
Like most scam brokers, WilliamYoungs didn’t put much thought into offering its customers reputable trading software. Instead, all you could access is a plain WebTrader.
While browser-based trading solutions can be advanced in some cases, they offer a lot of place for manipulations. For instance, broker employees can access the software from the back side and change prices, making it seem like you’ve won or lost large sums of money. They can put you in a margin call or pretend you’ve earned 10x the invested sum so that they can approach you for more money.
Don’t fall for these tricks, and avoid swindlers like Emperor Financial Services Group.
General Trading Terms and Conditions
Of course, without an active website, we’re not able to access Terms and Conditions or any other legal documents, as a matter of fact. However, we did due diligence, and here’s what we found.
Instead of offering customers leverage that aligns with regulatory limits, WilliamYoungs broker offers up to 1:1000. Just for comparison, the maximum leverage for European retail traders is 1:30, while in the US and Canada, we have a limit of 1:50.
In addition, the spread and other trading costs are not disclosed. Simply put, the company can take as much as it wants, and it will eat into your profit over time. This is why we always advise trading with reputable Tier 1 licensed firms, as they offer a higher level of safety.
Trading Instruments on Offer
The company claims to have over 14,000 retail clients. Allegedly, they can trade with over 300 trading instruments, including:
- Forex – EUR/USD, GBP/AUD, NOK/SEK
- Indices – AU200, BE20, DAX30
- Shares – Amazon, Tesla, Google
- Commodities – gold, silver, crude oil
- Cryptocurrencies – BTC, BCH, ETH.
However, without a demo account or any access to the trading terminal, we wouldn’t be able to confirm the information on this list.
Deposit and Withdrawal Payment Methods
The company offers its customers 3 different account types but doesn’t specify how to fund any of them. Without website access, we’re unable to find a Withdrawal Policy or any other legal document. However, as we were able to learn from customer reviews, payout is nearly impossible.
Namely, this company is making up various reasons to decline customer withdrawal requests. In the end, they go as far as to block your trading account.
WilliamYoungs Customer Reviews
As it usually happens, WilliamYoungs scam was uncovered by their customers. While there are not many comments out there, those we found were enough for us to understand what we’re dealing with.
For instance, the company has only 2 comments on Trustpilot, yet both of them are 1-star. Clients complain that they have been pressured to invest more and more money for virtual benefits, only to find their accounts blocked once they asked for a withdrawal.
As you had a chance to conclude, WilliamYoungs broker is not a genuine one. The company has been designed to steal clients’ money and disappear, and it eventually did so. Whether they will reappear under a new domain is left to be seen.
However, we’re here to advise you on how to profit from the financial market without risking your own capital. Instead of testing various scam brokers, you can test a proprietary trading account. You can get up to $180,000 on a funded account and use it hassle-free. If you’re interested in learning more, leave a message on the chat or submit your details through our form below, and we will get in touch.