The company YOU BUY NEW continues to talk about its outstanding achievements and readiness to help everyone who wants to become a successful trader. According to their data, more than 38,500 users have already appreciated the high level of service. The organization claims that its daily trading volume is $87 million, with 277 thousand orders being executed. However, at the moment, it is difficult to talk about specific feedback from real customers, as feedback is just starting to come in.
What facts should you know about YOU BUY NEW?
Information provided by YOU BUY NEW about its leadership in the brokerage services market remains unconfirmed. There is no clear roadmap on the platform that would allow verifying the accuracy of the stated data. Instead of the promised financial independence, clients may encounter dishonest practices. Judging by the domain history, youbuynew.com was registered in February 2019.
In the web archive, you can find information about the platform back in 2022. The last website update dates back to December of the previous year, indicating the actual operation of the pseudo-broker from that time. The first real reviews only appeared in 2023.
Despite the claimed headquarters location in Switzerland, a thorough investigation using Google Maps revealed that there has never been an office of this company at the specified coordinates. Contact details are limited to a feedback form and email. The absence of phone support and online chat indicates the company’s unwillingness to address customer issues.
Licensing and Regulation
YOU BUY NEW claims to have licenses from regulators, including FCA (UK), FSC (Mauritius), and IFSC (Belize). However, checking the regulators’ registers shows the absence of the company in the list of licensed participants. Russian-language content and reviews confirm the active offering of services by the company to traders from Russia, Kazakhstan, and other CIS countries without the necessary license.
The conditions to start trading with YOU BUY NEW require a minimum account deposit of $1,000. The platform offers several types of contracts with different conditions, but information about services and commissions is very scarce. User reviews indicate problems with fund withdrawals.
Company Reviews
Currently, only one review of cooperation with YOU BUY NEW has been found, in which the client complains about significant financial losses.
It is assumed that the number of reviews about the company will increase, and all interested parties can join the discussion and express their opinion.
Conclusions
Analysis allows us to conclude that the company YOU BUY NEW may not have the necessary legal basis for its activities. Insufficient transparency, lack of specific data on trading opportunities, questionable statistics, and unclear terms of cooperation confirm the risks associated with investing in this broker.
Therefore, it is recommended to exercise caution and avoid investing here to prevent financial loss.
My experience with YOU BUY NEW was very disappointing. Communication with their representatives was poor and often inconsistent. Handling of my documents was sloppy, causing unnecessary delays in the process. Moreover, their failure to secure a good deal directly impacted my investment strategy. Sadly, their professionalism seemed to be lacking compared to other brokerage firms I have worked with in the past. Their claim of being top-notch in their services in 2023 seems to be a grim overstatement. Considering this experience, I find it hard to recommend YOU BUY NEW to others.