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Is YTDmarkets a legit broker?
Matthew Jardine
Guinea
2023-04-17
ANSWER YTDmarkets is an illegal broker that we advise against trading with, despite the seemingly attractive deals it offers.YTDmarkets provides zero details about its regulatory status, which is a clear indication of an unlicensed broker as legitimate ones always prominently display their accreditation and licenses. When looking through its website, we noticed that it is located in the United States. As per US law, brokers operating in the US must be authorized and regulated by the National Futures Association (NFA). However, our search for this broker in the registry of the NFA didn't yield any results. In essence, YTDmarkets is not subject to any regulation.Regarding your question, YTDmarkets is an unlicensed broker. Entrusting this broker to hold and control your funds or trading with it is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors stay away from non-regulated brokers like YTDmarkets and opt for fully regulated ones instead.
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