Is York Pro Legit or Scam?
No, York Pro is a scam broker. Here’s why:
- Unregulated Website: A crucial red flag is York Pro’s lack of regulation. Legitimate brokers operate under the oversight of financial authorities like the FCA in the UK or CySEC in Cyprus. This ensures fair practices and protects your funds.
- Guaranteed Profits: Promises of guaranteed profits are a classic hallmark of scams. The forex market is inherently risky, and any broker claiming otherwise is likely manipulating you.
- Conflict of Interest: York Pro touts dedicated account managers to “maximize your income.” However, as a market maker, York Pro profits from your losses. This creates a conflict of interest, incentivizing them to mislead you for their gain.
- Non-Functional Platform: Our investigation revealed no functional trading platform on York Pro‘s website. You cannot place trades or download a legitimate platform, raising further doubts about their legitimacy.
Company Overview
Feature | Details |
Company Name | York Trade Estonia LTD |
Headquarters | Unclear (Possibly Tallinn, Estonia) |
Regulation Status | Unregulated |
Minimum Deposit | $250 (advertised as $500) |
Services or Products: York Pro claims to offer cryptocurrency trading. However, the lack of a functional platform casts serious doubt on their ability to provide any genuine service.
If you have lost money to companies like AWFXBank, or AssetAce; please report it to us on our Report a Scam form.
Trading Platform & Leverages: York Pro doesn’t disclose a trading platform or leverage options. This lack of transparency is another red flag.
Spreads and Cost of Trading: Information regarding spreads and trading costs is unavailable, further adding to the website’s unreliability.
License and Regulations
Legal Warning Against York Pro: Due to its lack of regulation, dealing with York Pro exposes you to significant risks. There’s no legal recourse if they steal your funds, and you have no guarantee of fair trading practices.
Deposit and Withdrawal Methods: York Pro claims to accept major credit cards, but with an unregulated platform, any deposit could be lost without a chance of recovery.
York Pro Pros and Cons
Pros | Cons |
None | Unregulated |
None | Guaranteed profits (impossible) |
None | Conflict of interest with account managers |
None | Non-functional trading platform |
None | Unclear location |
Why Dealing With An Unlicensed Broker Is Risky
Unlicensed brokers operate outside the financial regulations that protect traders. This translates to:
- Increased Risk of Fraud: Unregulated platforms are more likely to be scams designed to steal your money.
- No Dispute Resolution: If you encounter problems, there’s no regulatory body to mediate and help recover your funds.
- Unfair Practices: Unlicensed brokers may manipulate prices or engage in other unfair practices to exploit you.
Client Feedback
There are no genuine client reviews available for York Pro. This lack of user feedback further strengthens the case against their legitimacy.
How Can “Reviewsadvice” Help You If You Get Scammed?
Unfortunately, if you get scammed by an unregulated broker like York Pro, legal recourse is limited. However, “Reviewsadvice” can help you:
- Educate Others: Sharing your experience can warn others about York Pro’s deceptive practices.
- Report the Scam: We encourage you to report York Pro to relevant authorities to raise awareness and potentially help shut them down.
- Provide guidance: Our professional can provide you with a free consultation to guide you through the process of recovery.
- Recovery service recommendations: During the consultation, you will get some recovery service recommendations that can help you in recovering the lost funds or you Can report to us today by the below form.
File A Complaint Against Scammers
Final Thought
York Pro is a clear scam broker with no redeeming qualities. Don’t be lured by their false promises. Choose a reputable, regulated broker to ensure your safety and maximize your chances of success in the forex market. Always conduct thorough research before investing your hard-earned money. By following these steps, you can avoid falling victim to scams like York Pro.
