Yabo Global Review : Fees, Pros and Cons, Reviews by Real Traders

Yabo Global

Operating status: SCAM

Website: https://yaboglobalfx.com/

Broker violations and abnormal records

Sep 20, 2022 The UK FCA Added Yabo Global into Its Warnings
On 21 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Yabo Global is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/yabo-global

On 21 Sep 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Yabo Global is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/yabo-global
Sep 22, 2022 BrokersView has Reviewed that Yabo Global is an Unregulated Forex Broker
Yabo Global claims to be regulated by the Labuan Financial Services Authority (LFSA) in Malaysia under license number MB/20/0055. So we searched LFSA but found no matching result. That means the broker is not regulated in Malaysia.
Moreover, this broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.
UK FCA warned that Yabo Global was providing financial services or products in the UK without authorisation.
The truth is that Yabo Global is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

Yabo Global claims to be regulated by the Labuan Financial Services Authority (LFSA) in Malaysia under license number MB/20/0055. So we searched LFSA but found no matching result. That means the broker is not regulated in Malaysia. Moreover, this broker also claims to be located in the UK. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.UK FCA warned that Yabo Global was providing financial services or products in the UK without authorisation. The truth is that Yabo Global is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Dec 08, 2022 BrokersView has found that Yabo Global is not working
BrokersView found the domain "https://yaboglobalfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://yaboglobalfx.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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