About Yorker Capital Markets
Who Is Yorker Capital Markets?
Yorker Capital Markets is a retail forex broker established on 10 August 2023 and headquartered in Dubai, United Arab Emirates. The company operates from Office No 202, 2nd Floor, Al Moosa Tower-2, Sheikh Zayed Road, Dubai. It presents itself as an offshore trading entity, with its regulatory oversight attributed to the Mwali International Services Authority in Comoros.
The broker offers a range of account types designed to cater to different levels of traders, from a low-entry Standard account to a high-tier ECN account. It also advertises an automated trading solution, which it refers to as an 'autobot', aimed at clients who prefer a hands-off approach to trading.
Regulation and Licensing
Yorker Capital Markets states that it is supervised by the Mwali International Services Authority in Comoros, an offshore regulator. The company does not hold any major-tier licences from authorities such as the FCA, ASIC, or CySEC. Traders should be aware that offshore regulation typically offers a lower level of investor protection compared to top-tier jurisdictions.
As of the latest data, no verified licence numbers are disclosed on the broker's public materials. The company description itself cautions traders about the offshore regulatory context, which may be a signal of the inherent risks involved.
Account Types and Minimum Deposits
Yorker Capital Markets provides five distinct account types, each with its own minimum deposit and leverage parameters:
- ECN Account: minimum deposit $5,000, maximum leverage 1:500, spreads from 0.0 pips.
- Swap Free Account: minimum deposit $3,000, maximum leverage 1:200, spreads from 1.5 pips.
- Premium Account: minimum deposit $2,000, maximum leverage 1:200, spreads from 1.0 pips.
- Classic Account: minimum deposit $500, maximum leverage 1:500, spreads from 1.2 pips.
- Standard Account: minimum deposit $10, maximum leverage 1:1000, spreads from 1.5 pips.
These tiers allow traders to choose an account that matches their capital and risk appetite, with the Standard account being the most accessible for beginners.
Trading Platform and Features
The broker advertises trading on MetaTrader 5 (MT5), a widely used platform known for its advanced charting tools and automated trading capabilities. Additionally, Yorker Capital Markets promotes an 'autobot' trading facility, which it claims requires no skills or knowledge, making it attractive to novice traders who prefer a passive income approach.
The company does not disclose specific tradable instruments, deposit methods, or withdrawal methods in its public materials. Traders interested in these details are advised to contact the broker directly for clarification.
Who Is It Aimed At?
Yorker Capital Markets appears to target a broad audience, from retail traders with limited capital (thanks to the $10 minimum deposit on the Standard account) to more serious investors willing to commit $5,000 for the ECN account. The autobot feature is particularly marketed towards those who want to trade without active involvement, suggesting an appeal to individuals seeking passive income opportunities.
However, given the offshore regulatory status and the lack of detailed disclosures, the broker may be more suitable for experienced traders who understand the risks of offshore trading and are comfortable with less regulatory oversight.
Overview compiled by FXCanary from regulatory records and public data. full Yorker Capital Markets review