Yescom
We checked Yescom against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Yescom claims it was found in Switzerland in 2015, with strict and double regulations in the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with license number M22953821 and the National Futures Association (NFA) with regulatory number 0549163. But first, when we checked its domain, we found it was created on 23rd Nov 2022. So how could it start its business in 2015? It is a red flag here. Second, we indeed found a match result to this broker in FINTRAC. But FINTRAC is not a financial regulator that regulates entities engaging in forex. Third, we indeed found a matching result in NFA's registry, however, Yescom is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Yescom doesn't satisfy these conditions. The truth is, Yescom is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Yescom.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.