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
- Verification
- Additional Options
- Is WilliamYoungs a Scam?
- Legal Information and License
- Williamyoungs.io Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
WilliamYoungs General Information
| Website | https://www.williamyoungs.net/, https://www.williamyoungs.io/ |
| Phone Number | 0-800-060-8744, +442 07 097 73 07 |
| support@williamyoungs.com | |
| Address | The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius |
| License | – |
| Minimum Deposit | $250 |
| Assets | CFDs |
| Leverage | 1:1000 |
| Trading Platform | MT4/MT5 |
Registration and Client Portal Review
The 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 this 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
The company 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 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!
Trading Platform
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 this firm. This strongly suggests that the broker is not registered on either of these widely recognized trading platforms.
Consequently, it raises concerns that the project 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
It 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.
Verification
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.
Additional Options
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 it 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, this project is simply trying to pass itself off as a different entity.
Williamyoungs.io Domain Info
Another fact supporting the notion that it 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.
This article has been updated. Thanks to feedback from our dear readers, we learned that the broker is now located on the williamyoungs.io domain. It is reserved until October 30, 2024.
Contacts Review
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.
WilliamYoungs raises significant red flags and appears to be a dubious entity. The lack of regulatory clarity, misleading licensing claims, and limited contact information are all concerning. The website's recent establishment in 2023, coupled with the absence of transparency regarding its team and trading platform, casts doubt on its legitimacy.
Frequently Asked Questions (FAQ)
It claims to offer trading services, including access to various financial markets.
According to the broker, the minimum deposit required is 1 euro.
No, it 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.
All the facts point to the fact that this broker is fake.
I always conduct thorough checks on every broker I consider collaborating with because any such company can turn out to be fraudulent. I believe WilliamYoungs falls into that very category, as I’ve discovered numerous pieces of evidence suggesting it’s a complete sham. The first thing to start any verification with is the license. Here, it claims to have an official license from Mauritius. However, if you cross-reference the provided license with open databases, it becomes evident that the license number provided belongs to an entirely different legal entity. The same applies to the regulator’s database, under whose supervision this broker supposedly operates. All the facts are there. The company is fake and deceives its clients even in the most basic aspects. This is all easily verifiable, so be vigilant and don’t trust these fraudsters. After all, there are many such scammers out there these days.
They don't reveal their identities or their working conditions.
This broker leaves nothing but negative impressions. The company’s website doesn’t even specify who owns it or who is on its team. But that’s only part of the problem. The company doesn’t even specify what trading conditions a person who wants to work with them will receive. Everything needs to be clarified in person. And this clearly smells of fraud. Most likely, only those people who gain the trust of inexperienced traders and extract as much money as they can from them work here. And then, under any pretext, they steal this money from the account, and that’s it. The client is left in the dark, while the scammers profit from it.
In terms of analytics, everything becomes clear.
Just a few minutes of searching for information about the company WilliamYoungs, and it becomes evident that this project is fraudulent. At least, that’s what all the analytical articles I came across regarding this broker are shouting. They are engaged in a straightforward scheme to scam people out of their money, so anyone who visits their website should be extremely vigilant and know the truth about them.
Williamyoungs.io
Definitely a scam. They have now changed their internet domain to Williamyoungs.io .
I invested a small sum , £2500, with them over the months of August and September, and this grew to £40k by end October.
When I attempted to make a withdrawal, they wanted me to remit their commission of £7500 approx (20%) and they would then forward me the total of £40k, and they explained that I should then send back whatever amount I wished for them to commence trading again! At this stage I “smelt a rat” and asked them to deduct their commission and send me the balance, which , of course, they explained they could not do. After trying to convince me that this was standard procedure they, ( my account manager was “Adam Goldman”) tried a different tactic to get their commission! Adam told me that he would forego his commission and send the funds entirely to a bitcoin wallet in my name, and guided me through the opening of an account with Blockchain.com. He then advised that I should receive an e-mail from Blockchain.com confirming receipt of funds from Williamyoungs. Within an hour I received am e-mail from Eleanor Banks from “support@blockchainprocessors.com” confirming receipt of £39,899, but this could not be transferred to my wallet until I paid their exchange fee of 18.7%! I contacted Blockchain.com to ascertain the validity or otherwise of this e-mail, and they have confirmed to me today that this is most certainly a scam. Hopefully this comment will protect others from this scam
Gervase Strain
100$ Scam site
Williamyoungs.io is 100% scam. I deposited $250 and i trade with them . i gained $1000. when i wanted to withdrawal my funds they refused to credit my btc wallet.
they ask me to make another deposit ….
You can only deposit but you can never withdrawal your money.