Meet WilliamYoungs, which is owned and managed by Credentia International Management Ltd, registered in the Republic of Mauritius. It introduces itself as a global FX & CFD broker that has been operating since 2012. However, online reviews didn’t provide us with any specific information about the company, so a detailed investigation is required. Can a firm without a license offer safe brokerage services or is it indeed a guaranteed scam? We will try to answer this question.
Table of Contents
Highlights
| 🏛️ Country | Republic of Mauritius |
| ⚠️ Regulation | – |
| 🖥️ Website | https://www.williamyoungs.net/, https://www.williamyoungs.io/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:1000 |
| ⚙️ Trading Platform | WebTrader |
| support@williamyoungs.com | |
| 📞 Phone | +442 07 097 73 07, 0-800-060-8744 |
First Impression of Williamyoungs.io
The broker’s official website is far from impressive. The choice of font and color scheme is unfortunate, making reading and information analysis a challenge. The homepage background features a metropolis with skyscrapers, but that’s the only noteworthy element regarding graphic design. It feels like founders tried to deliver something of quality, appealing, and unique, but the outcome was rather disappointing.
Besides English, the official website is also translated into Brazilian Portuguese. At the top of the page, you can see the standard toolbar with essential information about the firm and its terms. The main page lists the benefits and opportunities available to clients, and at the bottom, there’s the standard risk disclaimer. There are no documents, nor evidence to back up the stated benefits and facts. For instance, WilliamYoungs claims to have received several awards and accolades, but there’s no proof provided. Such claims can easily be fabricated. So, this website doesn’t present anything substantial or unique.
Partnership and Bonuses
WilliamYoungs does have an affiliate program, but there’s no information about it on the website. However, the existence of the affiliate program becomes evident during the account registration process, as there’s an option to enter a promo code. The broker also offers deposit bonuses under specific conditions. Before a trader can withdraw the bonus funds, they need to be traded 30 times. For example, if a client receives a $500 bonus, they would need to achieve a trading volume of $15,000.
Account Opening on Williamyoungs.io
Account registration is swift and takes about a minute. The system requires you to provide your name, email, password, residential address, and phone number. In the end, you need to agree to the terms.
After entering all the details, you’ll have access to the personal dashboard. It’s important to note that the system didn’t require email verification. The dashboard interface is quite basic. It offers fundamental features like viewing transaction history, editing personal information, a verification center, deposit and withdrawal operations, and trade history. Notably, although there’s information about a demo account on the website, it seems that WilliamYoungs doesn’t offer one.
Verification
Documents for verification can be uploaded in the personal cabinet. The company requires proof of identity, proof of residence, and a photo of a bank card. The KYC procedure at WilliamYoungs is mandatory. Without it, trading and withdrawals are not possible.
- None.
- You need to upload a photo of your bank card.
Trading Software
Based on the information from the official website, one might think that WilliamYoungs offers the popular MetaTrader 4,5 platform. However, this is not the case. Firstly, the broker offers a basic WebTrader with minimal features and functions. Secondly, we couldn’t find mobile app versions of the platform since the links supposedly leading to official AppStore/Play Market stores actually redirect back to the company’s website.
From a screenshot, it’s easy to guess that the chart is sourced from the popular Tradingview service. It means traders can use primary tools for graphical and technical analysis. There are also pending orders, news, two color themes, and several time frames. The broker has a very basic and limited-function platform. Where are the claimed advantages? For instance, the PAMM service or copy-trading? The company offers trading like a professional, but the platform doesn’t support that. Even beginners will find the functionality insufficient. How can one speak of serious and professional trading?
| Features | WilliamYoungs | ModMount Ltd | Lyraten |
|---|---|---|---|
| Demo Account | ❌ | ✔️ | ❌ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ✔️ | ❌ |
How Can I Trade With WilliamYoungs?
Clients can trade cryptocurrencies, stocks, indices, and commodities. Moreover, digital currencies are quoted both against USDT and EURT. Traders also have access to leverage of 1:1000, volumes from 0.01 lots, and fast order execution. The firm offers several tariff plans to choose from, which differ in minimum deposit and a set of additional services. We’ll discuss the account types further.
All Info About Accounts
At WilliamYoungs, there are 5 different account types:
- Basic. Minimum deposit of $250. The trader gets assistance from a personal manager and 1 trading session per week.
- Bronze. Starting from $2,000. Additionally, it includes an introductory private session with an analyst, as well as monthly market reviews and financial research.
- Silver. From $10,000. A direct line to your account manager, and weekly market reviews and financial research are provided.
- Gold. Starting from $25,000. In addition to the above features, this includes a smart money management plan.
- VIP. From $100,000. The most favorable trading conditions.
The minimum deposit size is $250, but different places on the site provide varying information. Sometimes it’s $50, other times $1. It seems the company itself can’t make up its mind. We’ve already noticed how the broker cleverly misleads users by labeling its platform as MetaTrader when in fact, it’s not MetaTrader at all. It’s also worth noting that WilliamYoungs does not disclose the size of its commissions and spreads, keeping this information shrouded in mystery. Moreover, there’s no swap-free option, which is another significant downside.
The broker adheres to a strategy of coaxing money out of clients by categorizing account types on a “pay more to get more” principle. Such a policy is often seen in fraudulent organizations. Furthermore, offering a leverage of 1:1000 suggests the absence of regulation, as a regulated company wouldn’t offer such a high leverage. All these signs hint at the deceptive nature.
- Not found.
- Conflicting information about the minimum deposit.
- Many conditions are not disclosed.
Market Analysis and Education With Williamyoungs.io
On the main page of the website, there’s a ticker displaying current quotes of popular assets. The broker also provides a news feed, research, insights, education, and FAQ sections. Other additional services and widgets are detailed in their pricing plans.
Deposit, Withdrawal, and Fees
The company supports numerous payment methods: credit/debit cards, bank wire transfers, e-wallets, and digital currency. Processing time for withdrawal requests takes up to 5 business days. Specific commission rates are not mentioned.
| Features | WilliamYoungs | Demaxis | Market Haven |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ✔️ | ✔️ | ✔️ |
| Crypto Transfers | ✔️ | ✔️ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ✔️ |
How Can I Contact It?
You can contact representatives via two phone numbers and email. Additionally, there’s a dedicated form on the website to leave feedback or request a callback. The provided phone number is British, though no specific addresses are given. Interestingly, the email address turns out to be non-existent.
- None.
- Fake email.
Is WilliamYoungs Dangerous?
One would hardly think that this firm represents something beneficial, safe, and reliable. At the time of our review, it looks extremely suspicious, and the non-existent email address only confirms this. However, the most crucial part is still ahead. It’s essential to verify the company’s legitimacy, examine its operational history, and determine if the broker has any licenses.
How Long Does The Broker Work?
So, the company claims it was established in 2012, at least that’s what’s stated on the website. Ironically, the main page reads “Established for 13+ Years”. But if you subtract 2012 from 2023, the result is 11 years, not 13. Seems like someone has trouble with basic math.
Moreover, having been in operation for over 10 years appears highly dubious because there are too few reviews online, and the website’s domain was registered only on August 1, 2023. The actual establishment date of WilliamYoungs is 2023. So, the company blatantly lied about having over 10 years of experience.
We’re keeping a close eye on the company and caught it in the act of moving. Look for them here: https://www.williamyoungs.io/.
How Is WilliamYoungs Regulated?
The broker identifies the legal entity as Credentia International Management Ltd, which is registered in the Republic of Mauritius. We checked the MFSC registry, and indeed, such an organization was registered there in 2012. However, we have significant doubts regarding the affiliation between WilliamYoungs and Credentia International Management Ltd. It’s easy to falsify information claiming that a company belongs to this management organization. Where’s the proof? If you request information from the managing firm, can it confirm that it oversees this website?
Furthermore, the user agreement mentions the jurisdiction of the UK, which means there should be a license from the FCA. Also, a British phone number is provided. Yet, neither WilliamYoungs nor Credentia International Management Ltd were found in the FCA’s records. It implies that the broker doesn’t possess any licenses at all, meaning it offers broker services illegally.
| Features | WilliamYoungs | NFG Finance | Orca Investment Group |
|---|---|---|---|
| European Zone | ❌ | ✔️ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With WilliamYoungs?
Is WilliamYoungs Legit?
How Risky Is It?
Kevin Berry A super-risky company for trading. I wouldn’t even recommend trying to collaborate with WilliamYoungs. It’s unclear how long the company has been in operation, as the domain is new, but the legal entity has been registered for over 10 years. However, it’s not certain that this information about Credentia International Management Ltd managing this platform is even true. Scammers could easily have taken some organization’s name and claimed it as the managing entity. More importantly, there’s no evidence. Licenses are also missing, founders remain anonymous, and many trading conditions aren’t even stated. In short, there’s nothing to do here; stay away from such a company.
WilliamYoungs rating
2 reviews about WilliamYoungs
Broker WilliamYoungs doesn’t appear to be a secure trading platform. It lacks proper licensing, so it could easily be a scam broker. Better not to take the risk. Trust my vast experience. The probability that we are dealing with a fraudulent broker is almost 100%. If you deposit money here, you won’t be able to withdraw it. A classic scam trap for overly trusting traders.
I traded here and can say that the platform is not adapted for full-fledged and successful trading. You can’t download the terminal to your phone, only WebTrader is available. Moreover, there’s no possibility to upload custom indicators, and the tools are severely limited. Yes, you can do some basic technical analysis, but there’s no open interest, horizontal volumes, or market depth on the platform. Additionally, I can complain about constant technical issues. Sometimes the terminal doesn’t work, or you can’t log into your personal account. And it seems like there’s no technical support. I couldn’t get through to them. And I haven’t even mentioned the high commissions and spreads.
In short, I can’t recommend WilliamYoungs. Trading here is uncomfortable and unprofitable. Look for another broker right away and leave this fake one alone. Most likely, there’s some fake activity going on here because it’s doubtful that such a company routes trader’s transactions to ECN.