WilliamYoungs claims to offer “lightning-fast execution.” However, we’ll be putting these claims to the test in our review because it seems that such statements have been made far too often by dubious entities lately. Stay tuned, and we’ll share the results of our investigation with you.
- WilliamYoungs General Information
- Registration and Client Portal Review
- WilliamYoungs Trading Conditions
- Account Types Review
- Trading Platform
- WilliamYoungs — Deposit and Withdrawal of Funds
- Additional Options
- Is WilliamYoungs a Scam?
- Legal Information and License
- Williamyoungs.net Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
WilliamYoungs General Information
|Phone Number||0-800-060-8744, +442 07 097 73 07|
|Address||The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius|
Registration and Client Portal Review
WilliamYoungs’ official website certainly made us sit up and take notice. While the team has seemingly succeeded in crafting an engaging and visually appealing design, the overall user experience has left much to be desired. Our quest for essential information was nothing short of an arduous journey, and, in some instances, proved fruitless, as we couldn’t locate the necessary details at all. This is undeniably a significant drawback, as high-quality, readily accessible content that caters to user needs is a fundamental hallmark of a reputable broker. Unfortunately, our experience on the WilliamYoungs platform felt more like stumbling upon something akin to a second-rate offering in the brokerage world.
The registration process with WilliamYoungs follows a fairly standard procedure. You’ll be prompted to complete a questionnaire that includes personal and contact information, including your address. However, gaining access to your personal account isn’t as straightforward. It’s unclear what the issue might be. We managed to register only on the third attempt, and we hope the broker addresses this problem.
As for the Client Portal, it is quite standard for any broker, offering a typical set of functions with nothing particularly unique. Nonetheless, the fact that not everyone can readily access their personal accounts is a cause for concern.
WilliamYoungs Trading Conditions
It’s time to delve deeper into this broker’s offerings, including its promise of lightning-fast execution. We’ll thoroughly investigate these claims.
Account Types Review
WilliamYoungs offers a fairly standard range of account types, consisting of five tiers: Basic, Bronze, Silver, Gold, and VIP. To start with the Basic account, you’ll need to make a deposit of $250. However, with this entry-level account, you’ll receive just a personal manager and one trading session per week. Yes, you heard that right. Some brokers like to impose limitations on trading.
However, these limitations seem quite absurd. Moving onto the next WilliamYoungs account, you’ll need to deposit $2,000. With this, you’ll receive a 15% deposit bonus, along with two trading sessions per week. You’ll also gain access to some market forecasts. To unlock the Silver account, a $10,000 deposit is required. Here, you can enjoy bonuses of up to 20% and three trading sessions per week.
Finally, if you fund your account with $25,000 and opt for the Gold account, you’ll get four trading sessions and a 25% deposit bonus. Now, for the VIP account, you’ll need to deposit a whopping 100,000 euros. In return, you’ll get a direct line to an analyst and a smart money strategy. However, you’ll still have just four trading sessions per week. Quite a peculiar arrangement, to say the least!
On their official website, WilliamYoungs claims to offer MetaTrader 4 or MetaTrader 5 as their trading platform. While this would be expected and beneficial, there is a lack of concrete confirmation for this claim. A thorough search across broker listings for both MetaTrader 4 and MetaTrader 5 fails to yield any mention of WilliamYoungs. This strongly suggests that the broker is not registered on either of these widely recognized trading platforms.
Consequently, it raises concerns that WilliamYoungs may be providing an unlicensed or misrepresented version of the MetaTrader platform, or possibly promoting an entirely different and unfamiliar trading terminal. However, as soon as we accessed the client portal, we noticed that the broker does not offer MetaTrader at all. Instead, they provide clients with a web terminal from TradingView. It’s quite typical and standard, with all the usual features.
WilliamYoungs — Deposit and Withdrawal of Funds
WilliamYoungs accepts deposits through various methods, including debit or credit cards, Skrill, Neteller, or bank transfers. However, unlike their trading conditions, they claim to have a minimum deposit requirement of only 1 euro.
Meanwhile, this is only at first glance. In the client portal, it turns out that you can only fund your account using cards through the Stripe payment system. There are absolutely no other deposit and withdrawal methods available.
The verification process at WilliamYoungs is somewhat unconventional. While the broker does not allow users to complete the registration process and gain access to their trading accounts, they still require users to undergo a verification procedure.
Users are required to provide:
- Color copy of a government-issued photo ID (Front and Back side).
- Proof of address dated within the past 3 months (a utility or phone bill will suffice).
- Color copy of the applicable credit card used to deposit (Both sides).
Additionally, you will need to download and complete another form required by the broker. Only after providing these documents will you gain access to all the platform’s features.
Among the additional services offered by the broker, WilliamYoungs provides various forms of market analysis and analyst recommendations. However, it’s essential to approach these services with caution, as relying solely on them may not be advisable.
It’s worth noting that the anonymity of the entire broker’s team raises concerns about the credibility of such services. Traders should exercise their own judgment and conduct thorough research before making any financial decisions, as depending solely on the broker’s analysis and recommendations may not yield favorable results.
Is WilliamYoungs a Scam?
We were literally a step away from concluding that WilliamYoungs might be a scam. However, let’s break it down step by step.
Legal Information and License
WilliamYoungs attempts to convince us that they operate in accordance with the license of Mauritius. At least, on their “About Us” page, they have displayed legal information related to a Mauritius-based company. In the Terms and Conditions, it is stated that this broker is regulated by the laws of England, while in the FAQ section, it mentions that the company holds client funds in an Australian bank. Clearly, there is a lack of consistency in their narrative. Let’s continue our investigation.
All companies that provide brokerage or investment services must obtain a license from the FSC. It’s very easy to verify if the company has the necessary documents. As a result, we discovered that Credentia International Limited does indeed possess an FSC license. However, this license is not related to brokerage services. It is called a management license. So, most likely, WilliamYoungs is simply trying to pass itself off as a different entity.
Williamyoungs.net Domain Info
Another fact supporting the notion that WilliamYoungs is actually a fake broker is its duration of operation. The original Credentia International Limited was founded in 2012. Meanwhile, the website of our review subject was only launched on August 1, 2023. This makes things quite clear.
For contact information, the broker provides only a phone number and email. There is no physical office address listed, and no other means of communication are offered.
Pros and Cons
- Low minimum deposit.
- Lack of regulatory information.
- Limited contact information.
- Questionable licensing claims.
- Recent establishment.
- Lack of transparency.
- Unverified trading platform.
- Anonymity of the team.
Frequently Asked Questions (FAQ)
WilliamYoungs claims to offer trading services, including access to various financial markets.
According to the broker, the minimum deposit required is 1 euro.
No, WilliamYoungs is not a safe or trustworthy broker. Multiple red flags, including regulatory inconsistencies, limited contact information, and a lack of transparency, suggest that this broker may not operate legitimately.