YFX Capital Review (2023)

Is YFX Capital a scam or legit broker?

No, it is not safe to trade with YFX Capital. YFX Capital is owned by T.W capital LTD, registered offshore, in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Globalix, Capital88 and more.

YFX Capital is a Forex broker offers its clients a variety of trading options and products, including CFDs.

The broker doesn’t disclose any information about its regulation, as well as its location. There are two contact phone numbers mentioned in the “Contact Us” section, those numbers are Spanish and British. However, the broker is definitely not authorized to provide financial services in those countries.

Moreover, YFX Capital has been blacklisted by the Spain’s regulator CNMV in July 2017:

“YFX CAPITAL/www.yfxcapital.com is not authorised to provide the investment services detailed in Article 140 of the Securities Markets Law, which include investment advice, or to provide the auxiliary services detailed in letters a), b), d), f) and g) of Article 141 of the said Law in relation to the financial instruments detailed in Article 2 of the said Law, including, for those purposes, foreign currency transactions.”

Conclusion

We advise all investors and traders to avoid YFX Capital and other brokers from Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and XM.com.

You can also share your trading experience with YFX Capital by commenting on this review.

YFX Capital website is no longer active.