YSB: broker reviews, assessment of opportunities
Dishonest Financial Companies: Deception and Fraud
Stealing others’ data, usurping authority, and lies are common practices for scammers in the financial sector. Deceptive tactics are mercilessly employed for personal gain – some stop at nothing in their shameless deceit, misleading potential clients. A vivid example of such a pseudo-brokerage company is Your Success Broker Ltd, also known as YSB.
This broker creates the impression that it has been operating in the market for a long time and provides services on a multitude of global markets. However, the reality is quite different: YSB is nothing but a scam, focused on manipulating traders’ financial assets. Below, we will examine the reasons why we recommend avoiding this company.
Information about YSB: Company Overview
YSB actively seeks attention, claiming to be the best broker. It positions itself as number one in Europe, citing its successful operation since 2012, awards, and approval from the Financial Conduct Authority (FCA) of the UK.
However, a detailed investigation reveals that YSB is a newcomer in the market. The ysb.ru domain was registered only in 2011, contradicting the company’s legend.
The shattered miracle starts to fall apart once you dig deeper. The original YSB website from 2014 was a public health news portal. Later, in 2020, the site was active but still under development.
Facts continue to pile up: YSB’s Facebook page only appeared in 2021 and is labeled as a news/media agency, though there are actually no real customer reviews there.
Additionally, YSB is endowed with “license” No. 13472244, but this is not a license, just a registration certificate. Moreover, the YSB LIMITED company, established in 2021 and engaged in other professional activities, registers fake documents.
YSB also claims to have a license from the UK regulator FCA, however, there is no such license in the regulatory body’s registry.
Among the addresses on ysb.ru, only one Moscow address is listed, but none of the operators are associated with YSB. For the broker to operate fairly in Russia, approval from the Central Bank is required, something YSB has not attempted to obtain.
Reviews on thematic forums leave much to be desired for those who have chosen to work with illegal brokers.
Trading Opportunities: YSB Account Types
YSB emphasizes opportunities for institutional traders, professionals, and newcomers seeking success in the Forex and CFD markets.
The offered account types include:
- Basic. Minimum deposit $100, 25% bonus on the first deposit, leverage 100x, 1 trading signal per week.
- Business. Minimum top-up $500, 50% bonus, leverage 1:200, training, 2-10 trading signals weekly.
- Professional. Start deposit $1,000, leverage 1:200, 75% bonus, 1 trading signal per week.
- VIP. Minimum deposit $50,000, 100% bonus, spreads from 0.6 to 1.2 points.
- Individual. Starting deposit from $250,000, spreads from 0.4 to 1.2 points, capital insurance.
There are no reviews on earning opportunities with this company.
Feedback and Testimonials
YSB’s downsides include a lack of reviews and claims of operation since 2012. There is no information about the broker on forums except its own website. Only a few reviews with fake photos and content resembling advertisements are posted there.
YSB Tricks
YSB has launched a special terminal for easy client deception. This software allows for false trading and manipulation of results. Fraudsters choose what is more important to them – fictitious profits or losses.
YSB waives financial responsibility, warning about this in its User Agreement.
In Conclusion
YSB is a sham broker with no interest in stock trading. At present, there are no reviews, but signs of fraud are clear: fake documents, lack of regulation and licenses. It appears that these financial fraudsters are incapable of anything good. Recommendation: avoid.