Yobstocktrade Review – Stay Away From This Fraudster

Yobstocktrade broker claims to be offering secure and speedy trading services. However, that may not be the case. The website looks entirely anonymous. It does not have a legit forex license and is connected with another phony website. Think twice if you want to trade in Yobstocktrade’s ‘profitable’ offer. Let’s dive deeper into this Yobstocktrade review!

Yobstocktrade’s Regulation and Funds Security

So, is Yobstocktrade legit or a fraudulent broker? Yobstocktrade is just another broker scam that you should stay away from. There’s evidence to prove this statement.

What is the first thing you should check on a forex broker’s website? Always firstly check which legal entity is behind it. After that, check where the headquarters are and what regulatory supervision it is subject to.

Licensed firms must provide a complete set of legal documentation. The Yobstocktrade website gives us absolutely no data. No business owner name or contact address exists.

It is not precisely noted where this business is incorporated. However, the terminology in the text indicates that its base is in Saint Vincent and the Grenadines (SVG). Keep in mind that SVG is a convenient base for fraudsters claiming to be legitimate brokers.

Yobstocktrade’s Trading Platform

On the Yobstocktrade web page, there are pictures of a basic web trading platform. However, after signing up, this software is nowhere to be found. In the dashboard, there’s a simple chart with current BTC prices.

The so-called platform has no trading functions. Yobstocktrade scam has no technical ability to deliver the services it claims.

Legit brokers deliver a vast selection of things. For example, reliable trading software, desktop, mobile apps, and web-based platforms.

The most widely used venues in the industry are MetaTrader 4 and MetaTrader 5. These venues have verified themselves as an industry benchmark. Why? Well, they offer a broad spectrum of components. These may include customization, creating and enforcing custom scripts for automatic trading, and more.

Note: Yobstocktrade investment scam will aggressively urge traders to make additional trades. Any type of communication with them will be cut after they receive money from you. Keep this in mind and think twice before taking any risks while investing money.

Deposits and Withdrawals from Yobstocktrade

The only payment method used by Yobstocktrade is cryptocurrency. That’s a big red flag right there!

This is also a typical characteristic of websites involved in fraudulent trading activities. Crypto assets are their payment method of choice. Why is that? Well, it is a known fact that nobody can track crypto transactions. So, you are not able to ask for a refund or a chargeback.

Legit brokers often offer customers a broad choice of transparent payment options. That includes bank transfers, credit cards, and e-wallets such as PayPal, Skrill, or Advcash.

Yobstocktrade does not provide details on deposit and withdrawal fees and terms. Yet, scammers of this kind always serve unwelcome surprises in the form of hidden fees and withdrawal issues.

Methods Used to Commit the Scam

Trading is a risky business, by all means. This is true even for professional investors using trustworthy brokers. For newbies, there is also the risk of being tricked by the many scam brokers posing as real brokerages.

These sites will lure you with empty promises of easy returns. Often, these fraudsters promise guaranteed returns and spread lies. After investing a low amount, they will convince you that you are already making excellent profits. After that, they will urge you to invest more money.

But your funds are not invested. Yet, you will never see those promised returns. This is the unwritten rule! What happens after you ask to withdraw your money? You will be shocked by the unattainable minimum trading volume needs. Scammers hide behind fake names and offshore firms. Because of this, it’s impossible to hold them responsible.

Tip: Never forget that trading carries a significant risk. Your funds may be at risk and no profits are ever guaranteed.

Final Words

We have reached the end of this Yobstocktrade review. Yobstocktrade broker is not legitimate, and you should avoid it. They do not have a license to provide financial services.

Their so-called trading platform is not existent, which is another thing to keep in mind. There are also many negative comments online about this fraudulent project. Your funds are not safe on this platform at all.

Always look at the reviews about any business before you deposit any money. Check for any complaints about the broker or any business. Do this whether it is a forex broker, crypto exchange, or any other firm.

What if you have been victimized by an online trading scam? In that case, don’t be afraid to share it with us. We can help you report the scammer right away.

FAQs About Yobstocktrade Broker