YellowStoneFX Review: The Truth About This Scammer

In today’s YellowStoneFX broker review, we have assessed the offer of this unlicensed brokerage firm. By reading our article, you will understand why trading with unregulated brokers is regarded as extremely risky.

Before moving forward, here is a quick overview of YellowStoneFX. As per its website, it is a trading name of Plaintech LLC, registered in Saint Vincent and the Grenadines.

When a phony broker is headquartered in SVG, it raises suspicions since this jurisdiction doesn’t regulate its forex providers. Other than this, YellowStoneFX shares traits of a classic investment scam.  

Also, we recommend you not invest with these scam brokers ProfitiX and HubKoin, since your money is at risk!

YellowStoneFX Regulation and Security of Funds

As introduced, the YellowStoneFX broker operates illegally since it is not authorized by any financial market regulator to provide services anywhere.

Although forex trading is risky, investing with a bogus brokerage firm carries out greater danger. In plain English, YellowStoneFX can’t protect traders but imperils their finances.

Moreover, this also indicates that this shady company can be involved in fraudulent trading activities because no third party oversees or vouches for it.

YellowStoneFX is owned and operated by Plaintech LLC, headquartered in SVG. Neither of these entities is authorized to provide online financial trading services in any jurisdiction.

Other than that, this shady brokerage firm misleads traders by providing fake conditions and lying about trading software.

Other brokers that are also unregulated are ProfitiX and HubKoin and you guessed it right, they are also offshore companies.

YellowStoneFX Trading Platform Overview

Regarding the trading software, it impacts the outcome of trading. That is to say, the more advanced features, the more successful results.

It is proven that the latest trading programs like MetaTrader 4, MetaTrader 5, cTrader, and Sirix ensure safe and profitable trading due to incorporating plenty of innovative tools (e.g., expert advisors, social trading, and stop loss).

For instance, copy trading allows you to monitor and mimic the most productive traders. Speaking of the YellowStoneFX web trader, it can’t be in the same class as the foregoing platforms. This implies that its web trader doesn’t have what is needed for optimum performance.

YellowStoneFX Account Types

When it comes to the trading account types, the YellowStoneFX broker offers the following ones:

• Bronze $1,000
• Silver $5,000
• Gold $25,000
• Premium $75,000
• Diamond $125,000
• VIP 

As can be seen, these accounts come with a hefty sum for opening balance, which is a needless risk considering the status of YellowStoneFX.

Additionally, as for the VIP account, opening this account requires contacting an account manager, which is one of the dirty tricks employed by scammers. When you get in touch, the manager will rip you off and charge more than initially agreed.

On top of that, there is no Demo account. Many scam brokers like to miss this option since they want to push you to open a real account as soon as possible.

Funding Options Available

In connection with accepted forms of payments, despite the assurance of the availability of VISA, Mastercard, Maestro, and wire transfers, we are skeptical about this. That is why financial swindlers push for depositing via crypto wallets that are hard to trace and reverse.

One of the characteristics of every investment scam is a high minimum deposit. With reference to the YellowStoneFX deposit, it is $1,000. Now compare this to $10, which is a minimum starting deposit with some of the finest brokers in the industry. 

On a final note, the withdrawal process is always obscure on the manipulative trading platform, involving issues and hidden costs, and in most cases, withdrawals are not even possible.

The Fraudulent Techniques

There are many shady tricks offshore brokers pull to make their potential clients invest. 

Most commonly, they will offer very high deposit bonuses, which of course come with a certain set of strings attached. To withdraw any money, you will typically need to reach an enormous turnover. Of course, that is practically impossible as the platform you will use for trading isn’t even the legit thing.

And in combination with persuasive agents that will likely call you every day to convince you this is a real deal, it can be hard to stay firm and avoid them.  

Due to this and many more reasons, you should never feel ashamed if you have ever fallen victim to this type of scam as they can happen to anyone.

YellowStoneFX Summary

In this YellowStoneFX review, we gave you a better insight into how this illicit broker operates. Not only are they unregulated and unlicensed but they falsely claim to be. 

They also claim to offer their customers an opportunity to invest in forex, CFD, crypto and many other assets. However, something as basic as their trading platform is currently inaccessible, indicating that you are dealing with a scam. On top of that, they do not even offer a demo account for you to try out their services before you sign up for a live trading account. 

Lastly, you should always work with a good and reliable broker that is regukated.Be sure to always read the reviews and think twice before investing your money anywhere. 

FAQs About YellowStoneFX Broker