You Buy New

You Buy New is a brokerage registered in Switzerland, having been established on March 13, 2023. Its registered office is located at Av. d'Echallens 65, 1004 Lausanne, Switzerland. The firm's official domain is youbuynew.com, and it presents itself as an online trading provider focused on cryptocurrencies and metals.

The broker's Swiss registration does not automatically imply regulatory oversight by the Swiss Financial Market Supervisory Authority (FINMA). As a young entity founded in 2023, operational history is limited, and independent public information about its track record remains scarce.

Our records indicate that You Buy New holds no regulatory licences from any recognized financial authority. This is a critical point for traders considering the platform, as unregulated brokers lack the mandatory investor protection schemes, dispute resolution mechanisms, and financial oversight that regulated counterparts must provide.

The absence of regulation means that traders have no recourse to compensation funds or ombudsman services in the event of a dispute. FXCanary advises extreme caution when dealing with unregulated firms, as they may not adhere to standard capital adequacy or client fund segregation requirements.

You Buy New offers three distinct account tiers tailored to different capital levels. The 'Professional' account requires a minimum deposit of $50,000 and provides a maximum leverage of 1:100. The 'Trader' account has a $25,000 minimum deposit and leverages up to 1:50. The entry-level 'Start' account demands a $1,000 minimum deposit with a maximum leverage of 1:20.

These deposit thresholds are relatively high compared to many retail brokers, which often offer accounts with lower entry points. The tiered structure suggests a focus on clients with significant trading capital, though the lack of regulation may deter experienced investors from committing such sums.

The broker's stated product offering is limited to cryptocurrencies and metals trading. This narrow instrument range may appeal to traders specializing in these asset classes but offers little diversification for those seeking traditional forex pairs, indices, or equities.

Cryptocurrency trading carries inherent volatility and regulatory risks, and metals like gold and silver are also subject to market fluctuations. Without clear details on execution models, spreads, or custody arrangements, potential clients have limited information to assess trading costs and conditions.

FXCanary's Scam Risk Score for You Buy New stands at 49 out of 100, placing it in the 'Guarded' category. This rating reflects the absence of regulatory licences, the newness of the firm, and the limited publicly available operational data.

While a score of 49 is not the highest risk tier, it indicates that caution is warranted. Traders should conduct thorough due diligence, verify the broker's claims independently, and consider the potential challenges of dealing with an unregulated offshore entity. The combination of high minimum deposits and no regulation creates a particularly guarded risk profile.