YAIBrokers claims to be a reliable firm while presenting zero details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. It is a red flag here.

Besides, YAIBrokers shows two company addresses in Toronto, Canada, and Bangkok, Thailand. First, as per the information we hold, Thailand currently has no regulatory body that issues licenses for forex trading or regulates entities engaging in forex. Second, we did not find any match results to YAIBrokers in the Canada regulator Investment Industry Regulatory Organization of Canada (IIROC). That means YAIBrokers is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.