Reviews
Be the first to review.
YLCHAT
Operating status: SCAM
Broker violations and abnormal records
On February 17, 2025, the New Zealand Financial Markets Authority (NZ FMA) released a warning list, advising investors to stay vigilant about 96 suspicious investment websites including YLCHAT. https://www.fma.govt.nz/library/warnings-and-alerts/network-of-fake-online-investment-platforms/
On February 17, 2025, the New Zealand Financial Markets Authority (NZ FMA) released a warning list, advising investors to stay vigilant about 96 suspicious investment websites including YLCHAT. https://www.fma.govt.nz/library/warnings-and-alerts/network-of-fake-online-investment-platforms/YLCHAT claims to be headquartered in the United States, being an MSB registrant of the Financial Crimes Enforcement Network (FINCEN). However, the MSB registration doesn't constitute a license from a financial regulator. The National Futures Association (NFA) has no information suggesting that YLCHAT is licensed or regulated in the US. The New Zealand Financial Markets Authority (NZ FMA) has flagged YLCHAT as a dubious investment website.
In essence, YLCHAT is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. YLCHAT appears to be a scam.
YLCHAT claims to be headquartered in the United States, being an MSB registrant of the Financial Crimes Enforcement Network (FINCEN). However, the MSB registration doesn't constitute a license from a financial regulator. The National Futures Association (NFA) has no information suggesting that YLCHAT is licensed or regulated in the US. The New Zealand Financial Markets Authority (NZ FMA) has flagged YLCHAT as a dubious investment website. In essence, YLCHAT is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. YLCHAT appears to be a scam.
Copyright © 2026 Wiki Technology Limited
Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
Disclaimer:
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.