License of the Yozay Company
The broker Yozay is registered in Belize. The official registration address is 25 Queen St, Belize City, Belize, as indicated in the “Contacts” section. Experienced traders know that this country is considered an offshore zone.
You can also contact Yozay representatives via email at [email protected] and by phone at +501 378-7411. All these contacts are available on the official company website yozay.com.
In addition to Russian, this resource is available in English, Spanish, German, French, Italian, and Chinese languages.
According to the broker himself, Yozay holds a license from three regulators. The following regulators are listed in the footer of the yozay.com website:
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Cyprus Securities and Exchange Commission (CySec), license number 758/22.
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International Financial Services Commission (IFSC), 05/61/НР/21.
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Financial Services Commission of the Republic of Mauritius, F15223596.
Trading Conditions of Yozay
The broker offers trading in the following assets: currencies, metals, stocks, commodities, indices, and cryptocurrencies. Clients are not offered the option to open a demo account; they must start trading directly with a real account. The types of Yozay accounts are as follows:
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Gold,
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Platinum,
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Diamond.
The minimum deposit at Yozay is $1000. With this amount, clients can start trading with a Gold account, which the broker himself calls a “universal option” for novice traders. The known trading conditions include instant execution and leverage up to 1:20.
To open a Platinum account, a deposit of $25,000 is required. The leverage increases to 1:50, instant execution is available, trading in cryptocurrencies and precious metals is possible, and clients can invest in PAMM accounts. The broker claims there are no swaps.
The minimum deposit for a Diamond account is $50,000 USD. The conditions here include:
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instant execution,
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leverage – 1:100,
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trading ETFs and indices,
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deposit insurance,
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investment in PAMM accounts,
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personal manager assistance,
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no swaps.
Account Funding and Withdrawal with Yozay
There is absolutely no information on the Yozay project website regarding the terms of deposit/withdrawal of funds. It is only stated that the account can be funded through e-wallets with no commission. Are other payment methods supported? What are the timelines for fund crediting? How can funds be withdrawn and within what timeframe? The broker does not provide answers to these questions.
Furthermore, yozay.com does not have any documents related to the company’s operational rules. There is no user agreement, KYC policy, etc.
Conclusion
Without studying reviews about Yozay, it is difficult to make a final judgment about this project. Additionally, potential clients of this broker should seek advice from an independent expert, as some aspects of Yozay’s operations raise suspicions. At the very least, the lack of information about the trading platform and account funding/withdrawal conditions, as well as the absence of a user agreement and other documents, appear peculiar.