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Contract reading

What YWO legally published, but does not want you to read

Every clause below is published by YWO itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: YWO (CM) Ltd

sole discretionwithdrawalshidden feeprofit voidingcountry restrictionkyc freezedormancyforum waiverunilateral amendmentbonus lock

YWO can charge you $50 a month for not trading, and it keeps charging until your balance is gone. Its contract lets it close your open positions at a price it sets itself, including zero. The signup form offers all 244 countries, including the ones YWO's own legal page bars. Client money is segregated and the complaints policy is genuinely fair.

Back to YWO

Contract risk

Money at risk
7.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
20
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
15
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
4

How the 20 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning11
Notice4

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$50Fee on an unused account. Jump to the clause this comes from.Inactivity fee of $50 a month drains your balanceCritical244Account limit. Jump to the clause this comes from.Signup form accepts every country the contract barsCritical$0Profit at risk. Jump to the clause this comes from.Positions can be closed at a price of zero5 working daysWithdrawal limit. Jump to the clause this comes from.Withdrawal takes five working days, not one

What the documents say

20 clauses worth knowing about, worst first, each quoted from YWO's own files

01

Leave your account untouched for three months and YWO starts charging a monthly fee. It is $10 if your balance is under $999.99, and $50 if it is $1,000 or more. The charge repeats until your money is gone.

Why this matters

Stop trading for three months and YWO takes $50 a month from a $1,000 balance. It keeps taking it until nothing is left.

Exhibit 1CriticalRarely seen$50

An inactivity fee will be charged monthly on trading accounts only, starting after 3 months of inactivity, as follows:
Clause 2 in General Fees
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026Inactivity fee of $50 a month drains your balance (clause 2)Visit this page on the broker's siteDownload the full size image file

What it costsA $1,000 balance left untouched loses $50 a month. After twelve months of no trading, $600 of it is gone in fees alone.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must set out all costs and charges to a retail client before they trade. YWO puts the amount in a separate General Fees page, and the Client Agreement clause that creates the fee never states a figure.

YWO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingMost inactivity fees are a flat monthly amount. YWO scales the fee with your balance, so a larger account pays five times more, and the charge continues until the balance reaches zero.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
0 to 2 monthsNo inactivity fee is charged.2
3 months or moreYWO charges $10 a month if your balance is under $999.99, or $50 a month if it is $1,000 or more.2
12 months or moreYWO classes the account as dormant.2
Balance depletedThe monthly charge continues until your balance reaches zero or YWO refunds it.2
02

YWO's legal page says it does not serve residents of the EU, UK, US, Canada or Australia, nor of Russia, Iran, North Korea and Myanmar. Its signup form offers all 244 countries in one list, with none removed.

Why this matters

Nothing stops you selecting a barred country when you register. If YWO later points to that exclusion, you are arguing from inside a contract that says it should never have served you.

Exhibit 2CriticalHarder than usual244

YWO (CM) Ltd does not provide services to residents of the European Union (EU), the United States (US), United Kingdom (UK), Canada or Australia.
Quoted in Legal Documents
Read from the broker's site on Archived copyOpen the reference
Our own capture of ywo.com, taken on Aug 28, 2026The claim, on Russian language home page, main banner under the heading Beyond the ordinaryVisit this page on the broker's siteDownload the full size image file
Our own capture of ywo.com, taken on Aug 28, 2026What the contract says, clause Regional RestrictionsVisit this page on the broker's siteDownload the full size image file
Our own capture of ywo.com, taken on Aug 28, 2026Signup form accepts every country the contract barsVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA and ASIC must block onboarding from jurisdictions they are not permitted to serve, rather than rely on a disclaimer. YWO states the exclusions in its footer and its registration form applies no country filter.

YWO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

03

YWO can close any of your open positions at a price it picks itself. Clause 6.22 says that price may be set at zero, which would wipe out what the position is worth.

Why this matters

A position closed at zero returns you nothing, whatever the market actually did. You cannot challenge the price, because the same clause says YWO is not liable for the loss.

Exhibit 3CriticalRarely seen$0

The Company reserves the right, at its sole discretion, to close any Open Positions in a CFD at a price it deems reasonable. The closing price may differ between buy and sell Transactions and, in certain circumstances, may be set at zero (0).
Clause 6.22 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026Positions can be closed at a price of zero (clause 6.22)Visit this page on the broker's siteDownload the full size image file

Our readingBrokers commonly reserve the right to close a position at a fair market price. A term letting the closing price be set at zero puts no floor at all under what your open position is worth.

04

YWO can decide that two or more accounts are linked, using a shared device, IP address, payment method or trading pattern. Clause 4.4.4 then lets it cancel the trades and withhold the profits on all of them.

Why this matters

Two people trading from one home connection can be treated as one operator. Clause 4.4.5 then puts the burden on you to prove the connection was innocent.

Exhibit 4CriticalRarely seen2

Where the Company reasonably determines that two or more Accounts are linked, controlled, or operated by the same individual or group of individuals, or are otherwise engaged in coordinated activity, the Company reserves the right, at its sole discretion and without prior notice, to:
Clause 4.4.4 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026Linked accounts can have their profits cancelled (clause 4.4.4)Visit this page on the broker's siteDownload the full size image file

Our readingMatching accounts by device fingerprint and IP address is normal fraud screening. Using that match to cancel profits, while making the client prove their own innocence, turns a screening tool into a reason to withhold money.

  • Worse together with Exhibit 12The bonus policy allows one bonus per household, IP address or device, so two family members claiming a bonus on one connection can trigger the linked account powers.
05

YWO can suspend, deactivate or close your account at any time, without telling you why. Clause 8.1 names its own sole discretion as a ground, alongside suspected breaches.

Why this matters

Your account can go on hold with no reason given and no test you can argue against. The contract does not promise you any notice beforehand.

Exhibit 6CriticalHarder than usual

We reserve the right to suspend, deactivate, or cancel and/or terminate your Account at any time, without prior notice or explanation, under the following circumstances:
Clause 8.1 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026Account closable at sole discretion with no explanation (clause 8.1)Visit this page on the broker's siteDownload the full size image file
06

YWO's deposits page promises zero fees on deposits and withdrawals. Clause 7.11 of the Client Agreement says withdrawal fees may apply, and clause 7.12 says the same about deposits.

Why this matters

Charges can appear that the page you read before depositing said did not exist. Clause 7.10 also puts every third party bank charge on you, taken straight from your account.

Exhibit 5WarningHarder than usual

Withdrawal fees may apply depending on the Client or the type of Trading Account. The applicable fees will be outlined in the Company’s General Fees Policy on the Website, and they may be updated from time to time.
Clause 7.11 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026The claim, on English deposits and withdrawals page, under the heading Zero Fees on Deposits & WithdrawalsThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of ywo.com, taken on Aug 28, 2026What the contract says, clause 7.11Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give retail clients a single clear statement of costs and charges before they trade, and marketing must match it. YWO's deposits page and its Client Agreement describe fees differently.

YWO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

YWO advertises zero fees and contracts for several

YWO's deposits page promises zero fees, while clauses 7.11 and 7.12 of its Client Agreement allow both withdrawal and deposit fees. Clause 7.15.2 sets a $150 research fee for a disputed payment, taken from your account or your card. Clause 5.3.4 lets YWO add new fees on 24 hours notice posted to its own website.

Cost disclosure2 clauses flagged

Dispute a payment with your card issuer and YWO can charge you a $150 research fee. Clause 7.15.2 lets it take that from your trading account or from your card.

Why this matters

Asking your bank to look at a payment costs you $150 on top of whatever is in dispute. YWO can also block your deposits and withdrawals while it decides.

Exhibit 9WarningHarder than usual$150

Impose a “USD 150 research fee” to cover the investigative expenses incurred in resolving the chargeback, which the Client authorizes the Company to charge to their Trading Account or credit card.
Clause 7.15.2 in Client Agreement
Read from the broker's site on Open the reference

What it costsA disputed $200 deposit that YWO investigates leaves you $150 lighter in fees. The dispute itself is still unresolved.

YWO can introduce new fees on 24 hours notice, posted on its website or in your client area. Clause 5.3.4 does not require it to email you.

Why this matters

A charge can start applying to your account a day after a web page quietly changes. Watching for that change becomes your job.

Exhibit 10WarningHarder than usual

However, we reserve the right to charge additional fees or costs in the future, provided that no less than 24 hours’ prior notice is given to Clients through the Company Website or Client Area.
Clause 5.3.4 in Client Agreement
Read from the broker's site on Open the reference

Five working days, and YWO chooses the payout route

Clause 7.7 of the YWO Client Agreement allows five working days to process a withdrawal, while the deposits page promises one. Clause 7.9 lets YWO refuse the method you asked for and pay you another way instead. Unverified accounts cannot request a withdrawal at all.

Getting money out2 clauses flagged

YWO's deposits page says it processes a withdrawal within one working day. Clause 7.7 of the Client Agreement gives it five working days for the same step.

Why this matters

The contract is what binds YWO if the two disagree. Plan on five working days, not the one the marketing page promises.

Exhibit 7WarningStandard wording5 working days

Upon receiving a withdrawal instruction from the Client, the Company will process the request within five (5) working days, provided the request is received during normal trading hours.
Clause 7.7 in Client Agreement
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026The claim, on English deposits and withdrawals page, in the Terms & Conditions block at the foot of the pageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of ywo.com, taken on Aug 28, 2026What the contract says, clause 7.7Visit this page on the broker's siteDownload the full size image file

YWO decides how it sends your money back. Clause 7.9 lets it refuse a withdrawal that names your preferred method, and offer a different one instead.

Why this matters

You can be paid by a route you did not choose and may not be able to use. The deposits page separately promises the same method you paid in with.

Exhibit 8WarningHarder than usual

The method by which the Company remits funds to the Client is at the Company’s sole discretion. The Company reserves the right to refuse a withdrawal request that specifies a preferred transfer method and may propose an alternative method at its discretion.
Clause 7.9 in Client Agreement
Read from the broker's site on Open the reference

Three clauses let YWO cancel a profit it has already shown you

Clause 6.22 lets YWO close any open position at a price it sets, and says that price may be zero. Clause 6.14 lets it void any trade it calls abusive, a word the contract never defines, and makes you waive claims. Clause 4.4.4 lets it cancel profits across every account it decides is linked by device, IP address or payment method.

Keeping your gains1 clause flagged

YWO can close, cancel, amend or reject any trade it considers abusive, manipulative or exploitative. Clause 6.14 leaves those words undefined and says you waive any claim against YWO for the decision.

Why this matters

A profitable run can be reversed under a label you have no way to argue with. The same clause removes your right to claim for the reversal.

Exhibit 13WarningHarder than usual

The Client acknowledges and agrees that the Company reserves the right, at its sole discretion, to close, cancel, amend, or reject any trade that it deems to be abusive, manipulative, exploitative, or otherwise in violation of fair trading practices.
Clause 6.14 in Client Agreement
Read from the broker's site on Open the reference

Withdraw before three lots and the bonus profit disappears

YWO requires 3 standard lots of qualifying trades before profit made with a bonus can be withdrawn. Ask for money out first and the bonus is revoked, the profits from it may be cancelled, and YWO may return only your original deposit. Only one bonus is allowed per household, IP address or device.

Bonus conditions1 clause flagged

Take a YWO bonus and you must trade 3 standard lots before you can withdraw what it earned. Ask for money out earlier and the bonus goes, along with the profits made using it.

Why this matters

An early withdrawal can leave you with only your original deposit back. Profits you genuinely earned are cancelled with the bonus.

Exhibit 12WarningStandard wording3

Execute at least 3 standard lots of qualifying trades (excluding arbitrage, hedged, or abusive transactions);
Clause 4 in Client Bonus Policy
Read from the broker's site on Open the reference
Our own capture of ywo.com, taken on Aug 28, 2026The claim, on Russian language home page, bonus promotion block with a Get bonus buttonThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of ywo.com, taken on Aug 28, 2026What the contract says, clause 3Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 4One bonus per household, IP address or device feeds the linked account test, which lets YWO cancel profits across every account it decides is connected.

The signup form takes countries the contract says YWO cannot serve

YWO's registration form lists all 244 countries with no filter, including the EU, UK, US, Canada, Australia, Russia, Iran, North Korea and Myanmar, all of which its own legal page excludes. Clause 8.1 lets YWO close any account at its sole discretion, without notice or explanation. Clause 6.26 lets it cut leverage on positions you already hold.

Who gets an account2 clauses flagged

YWO can reduce or remove your leverage at any time without asking you. Leverage lets you hold a position bigger than your deposit, and clause 6.26 says a change can apply to positions you already hold.

Why this matters

A leverage cut on an open position raises the margin you must keep. That can trigger a margin call, or close your position automatically.

Exhibit 19WarningHarder than usual

Any change to leverage may apply to existing open positions as well as new positions and may result in increased margin requirements, margin calls, or the automatic closure of positions where margin requirements are no longer met.
Clause 6.26 in Client Agreement
Read from the broker's site on Open the reference

YWO's Margin Policy states a stop-out level of 20% of required margin. The table in section 6 gives the stop-out for both account types as a range from 20% to 100%.

Why this matters

At a 100% stop-out your positions close the moment margin level reaches the margin call point. The policy does not tell you which level applies to your account.

Exhibit 20NoticeHarder than usual20%

Stop-Out Level: 20% of the required margin. If the Margin Level reaches this threshold, the system will automatically start closing positions, beginning with those incurring the highest losses, until the Margin Level rises above the Stop-Out Level.
Clause 4 in Margin Policy
Read from the broker's site on Open the reference

What YWO can owe you stops at your account balance

Clause 10.1.2 caps YWO's total liability at the funds in your account when a dispute arises. Clause 10.1.3 rules out any claim for lost profit, goodwill or other financial loss. Against that, the Complaints Handling Policy sets no deadline for complaining and clause 9.3 preserves your right to go to court.

Limits on claims1 clause flagged

YWO's liability to you is capped at whatever sits in your account when the dispute begins. Clause 10.1.2 also strips out any claim for profit you would have made.

Why this matters

An empty account at the moment the dispute starts means a cap of nothing. You cannot recover the gains the dispute cost you.

Exhibit 15WarningHarder than usual

YWO’s total liability, if any, shall be strictly limited to the amount of funds deposited in your Account at the time the dispute arises.
Clause 10.1.2 in Client Agreement
Read from the broker's site on Open the reference

YWO can hold your funds until it is satisfied with your documents

Clause 4.2.7 gives you 15 days to complete verification and lets YWO freeze your funds until it is done. The clause says the decision to verify is YWO's alone. The General Fees page separately blocks unverified accounts from submitting any withdrawal request.

Identity checks1 clause flagged

YWO can freeze your funds until it is satisfied with your identity documents. Clause 4.2.7 gives you 15 days to finish verification and says the decision is its own.

Why this matters

Your money can sit frozen while a review runs with no end date on it. The General Fees page separately bars unverified accounts from even requesting a withdrawal.

Exhibit 11WarningHarder than usual15 days

YWO reserves the right to suspend certain Services, restrict access to your account, or freeze your funds until your registration data, identity, or any related information is fully verified. The decision to verify an account is at our sole discretion. Failure to complete the verification process within 15 days may result in account closure, with the final decision made solely by us.
Clause 4.2.7 in Client Agreement
Read from the broker's site on Open the reference

Not trading costs you $50 a month until the balance is gone

YWO charges $50 a month on balances of $1,000 or more once an account sits idle for three months, and $10 a month below that. The General Fees page says the charge continues until the balance is depleted. Clause 8.8 then lets YWO close an account holding $10 or less and apply handling fees that reduce it to zero.

In plain words

Dormancy means an account left unused.

Dormancy charges1 clause flagged

A balance of $10 or less lets YWO start closing your account. Clause 8.8 gives you seven calendar days to take the money out, then applies handling fees that may reduce it to zero.

Why this matters

Miss the seven day window and the leftover money can be charged away completely. YWO keeps a claim route open, but by then the balance may be nil.

Exhibit 18WarningHarder than usual$10

Where a Client’s Trading Account holds a residual balance of up to USD 10 (or equivalent in another currency), the Company may initiate account closure procedures.
Clause 8.8 in Client Agreement
Read from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Balance $10 or lessYWO may begin closing the account.8.8
7 calendar daysYou must submit a valid withdrawal request for the remaining balance.8.8
After 7 daysYWO closes the account and moves the balance to an internal unclaimed ledger.8.8
Withdrawal cost exceeds balanceYWO may apply handling fees that reduce the balance to zero.8.8
  • Worse together with Exhibit 1The monthly inactivity fee drives a balance down toward the $10 threshold, at which point this clause lets YWO close the account and charge the rest away.

Comoros law and Comoros courts, with YWO free to transfer the contract

Clause 19.1 of the YWO Client Agreement sends every dispute to the exclusive jurisdiction of the courts of the Union of Comoros. Clause 17.2 lets YWO assign your contract to another company without your consent, while clause 17.1 forbids you from doing the same. This is normal for an offshore broker and it still means a distant forum.

Where you sue1 clause flagged

Any dispute with YWO goes to the courts of the Union of Comoros, under Comoros law. Clause 17.2 separately lets YWO hand your contract to another company without asking you.

Why this matters

Suing YWO means suing on a small island far from where most of its clients live. You cannot transfer your side of the contract, but YWO can transfer its own.

Exhibit 16NoticeStandard wording

Any disputes, claims, or legal proceedings arising out of or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of the Union of Comoros, unless otherwise required by applicable law.
Clause 19.1 in Client Agreement
Read from the broker's site on Open the reference

YWO fills your orders itself and sets the prices

Clause 6.1 of the YWO Client Agreement says orders are executed internally rather than routed to an outside venue, making YWO the counterparty to your trades. Clause 6.7 says the quoted prices are the ones YWO determines, not the underlying market's. YWO discloses this in the contract, and its marketing pages do not mention it.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who is on the other side1 clause flagged

YWO is the other side of your trades. Clause 6.1 says orders are not sent to an outside venue but filled internally, so your loss is its gain.

Why this matters

The prices you trade on are set by the firm holding the opposite position. Clause 6.7 confirms those prices are YWO's own, not the underlying market's.

Exhibit 14NoticeStandard wording

The Client understands that trades are not routed to an external Execution Venue but are executed internally by the Company.
Clause 6.1 in Client Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must tell a retail client when they deal as principal against them and manage the conflict. YWO does disclose this in clause 6.1, though its marketing pages do not repeat it.

YWO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

You contract with the Comoros entity, not the South African one

The YWO Client Agreement names YWO (CM) Ltd, licensed in the Comoros by the Mwali International Services Authority, as your only counterparty. Its licences page gives that licence as BFX2025028 while every legal document says BFX2025026. The South African FSCA licence belongs to YWO (PTY) Ltd, which its own page says does not serve South Africans.

Which entity, which licence1 clause flagged

YWO's licences page gives its Comoros licence number as BFX2025028. Every legal document, the Client Agreement included, gives it as BFX2025026.

Why this matters

The page you would use to check the licence does not match the contract you sign. Check the number with the regulator before relying on either.

Exhibit 17NoticeHarder than usual

The Company is regulated and authorized by Mwali International Services Authority holding an International Brokerage and Clearing House License with license number BFX2025026.
Quoted in Client Agreement
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The deposits page rules out withdrawal fees, while the Client Agreement expressly allows them.

Said in public, in English

We don't charge any fees for deposits or withdrawals, so you can try any payment method available on our platform without pressure.

English deposits and withdrawals page, under the heading Zero Fees on Deposits & Withdrawals

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

In the contract · clause 7.11

Withdrawal fees may apply depending on the Client or the type of Trading Account. The applicable fees will be outlined in the Company’s General Fees Policy on the Website, and they may be updated from time to time.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

02

The same sentence appears in both places, with one working day on the marketing page and five in the contract.

Said in public, in English

Upon receiving a withdrawal instruction from the Client, the Company will process the request within one (1) working day, provided the request is received during normal trading hours.

English deposits and withdrawals page, in the Terms & Conditions block at the foot of the page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

In the contract · clause 7.7

Upon receiving a withdrawal instruction from the Client, the Company will process the request within five (5) working days, provided the request is received during normal trading hours.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

03

A welcome bonus is advertised on a public page, while the Bonus Policy says bonuses are private offers that are not publicly available.

Said in public, in Russian

Старт с приветственным бонусом

Word for word in English: Start with a welcome bonus

Russian language home page, bonus promotion block with a Get bonus button

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

In the contract · clause 3

All Bonus Programs are private offers extended solely to clients under specific IBs and are not publicly available.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

04

YWO runs a full Russian language marketing site with a bonus offer, while its legal page says no YWO entity provides services in Russia.

Said in public, in Russian

Хватай каждую возможность и разгоняй свои стратегии. Создано для нового поколения трейдеров.

Word for word in English: Seize every opportunity and accelerate your strategies. Built for a new generation of traders.

Russian language home page, main banner under the heading Beyond the ordinary

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

In the contract · clause Regional Restrictions

In addition, none of the YWO entities offer or provide services in certain jurisdictions, including but not limited to Russia, Iran, North Korea, and Myanmar, or in any jurisdiction subject to applicable international sanctions, FATF high-risk measures, or other legal or regulatory prohibitions, as determined by the relevant YWO entity from time to time.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of ywo.com

The documents this reading is based on

15 files, all published by YWO. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording YWO publishes.

How this reading was done

Every clause above was read out of a document YWO publishes itself

This reading was published on .

Documents
9 of 15downloaded from the broker's site, and 9 read in full
Pages opened
25pages walked to find those documents, footer links included
Marketing pages
10public pages set against what the contract says
Languages
EN vs RUthe language it advertises in, against the language it contracts in

Who the contract is with

YWO (CM) Ltd

You contract with YWO (CM) Ltd, registered in Fomboni, Island of Moheli, Union of the Comoros, company number HT00225012. The Client Agreement names that entity and no other. Its licence comes from the Mwali International Services Authority. The South African FSCA licence belongs to YWO (PTY) Ltd, a separate company, which YWO's own legal page says does not serve residents of South Africa.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

YWO publishes its whole legal set as dated, version labelled web pages rather than PDFs, so you can read them on a phone. The Safeguarding Policy states plainly that client money sits in separate accounts, and that retail clients get negative balance protection, meaning a losing trade cannot take you below zero. The Complaints Handling Policy sets no deadline for raising a complaint and promises a final answer within two months. Clause 9.3 of the Client Agreement keeps your right to go to court. Clause 8.4 says money in a dormant account stays owed to you and comes back on request.

Only two pages were downloaded for this reading: the legal index page and the giveaway terms. The list of thirteen legal documents loads only in a browser, so it was missing from the saved copy. We read the rest on YWO's own site at ywo.com/legal/. We read the General Fees, Client Bonus, Complaints Handling, Safeguarding and Refund policies in full. We read most of the Client Agreement and the first six sections of the Margin Policy, so both are marked partly read. We did not open the Risk Disclosure, Swap-Free Policy, Privacy Policy, Cookies Policy, AML and CTF Policy, or the Introducing Broker terms. No earlier copies of any YWO document were available, so nothing could be compared against a previous version. We could not record how deep each clause sits, because paragraph counts existed only for the two downloaded pages. We checked the Russian marketing site but not the Arabic, Thai, Vietnamese, Azerbaijani, Indonesian, Spanish, French or Chinese versions.

How to check any of this yourself

Every quote above links to the YWO file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document YWO publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge YWO on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 28, 2026.

If you represent YWO and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on YWO. Whether its licence is real and current is a separate check on the broker profile.

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