Score
Within 1 year Suspicious Regulatory License
Non MT4/5 Software
Suspicious Scope of Business
High potential risk
Influence
E
Score
License Index0.00
Business Index3.82
Risk Management Index0.00
Software Index4.00
Regulatory Index0.00
Influence
E
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
YABO MARKET LIMITED
Company Abbreviation
YABO MARKET LIMITED
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
they did not let me withdraw my deposited amount. asking to pay tax on it.
Hi, I received a message from a Chinese Girl; she begins getting cordial with me. In something like a month, she begins pushing me to put resources into a Website Yabo.mt-crm.com. She said her dad is in this Association and she can share inside data and get me an arrival of over 100 percent. At first, I expressed no to her and told her this is inside exchanging and unlawful in many regions of the planet. She expressed no here in China it is entirely legitimate and again pushed me to contribute min. 2000 USD. Without a doubt in 7 days, this 2000 USD become 4000 USD yet in their servers. In 3 days she again begins pushing me to contribute more and she guarantees me that I will get an arrival of 200%. I said no and ask let me pull out some cash yet she said no ought to contribute more as her uncle will resign in a couple of days, I contributed around 2500 USD once more and afterward they provided me with one more return of 150% on this sum and my pay will become around 9000 USD(as they gave me some on my prior 4000 USD). This time I attempted to pull a few cash from the record and here they begin making inconvenience and asking me for 2000 USD for my KYC. I gave another 2000 USD and presently it's just about 11000 USD in my Yabo account. Indeed, even after this KYC they again didn't permit me to pull back my cash and requesting to pay an expense of 3000 USD as a Tax. These gentlemen are cheats and use ladies as their deals specialists. I'm wanting to send off an objection against them with the Cybercrime cell so their site and server shouldn't work here in India and individuals ought not be in a difficult situation like me.
These people move from one broker to another in anight, using DAC, Elderton, Intervate and now Yabo, I had 535usd in elderton and they did a so-called maintenance, in which I had to transfer them the same amount of money that I had in my account to activate the one you already had. Be very careful with those brokers.
Dear sir/madam, I deposited 80$ in yabo market for trade in MT5. Bt now withdrawal not possible & no contact support available in yabo market . Kindly please help me for bring my money Thank you
Unable to withdraw，they are scammers, all they want you to do is deposit in more money
I met a woman through facebook who called herself Meiqi Wu, She told me that she was from Hong Kong and that she had been in Peru until 03/22 but that she planned to return to Peru in September of this year 2022. After a few days of chatting she told me that she invested her money in the financial market, more specifically in foreign exchange, which seemed normal to me since Hong Kong is the financial center of China. As the days passed she asked me for help to be able to access her account, since she couldn't do it from Hong Kong because many applications were restricted there. of the MT5 account look for the broker Yabo Market Limited. After trading with her account 2 times, she offered to teach me how to create an account for me and thus earn money quickly, which I thought was very good, since the profit s that were obtained were between 6 to 13% daily because supposedly she had PRIVILEGED INFORMATION that was provided by her brother who was a senior junior in a financial company in the US. UU and that is why she also invested all her savings without fear of losing them. The truth is that she seemed like a reliable person to me, since she wrote to me every day, in the mornings and in the afternoons and we chatted a lot, she also sent me photos and videos of her, of the activities she was doing and even photos of her family.So at first I decided to invest 100 USD and the profit was 13 USD in a single transaction, then I decided to invest 200 USD more and 200 USD more, the daily earnings were quite good, and at first it allowed me to withdraw the earnings without any problem (3 times), I must also say that she constantly insisted that I invest larger amounts because when she came to Peru to see us, she would no longer have that privileged information, her insistence was so much that it bothered me and I began to suspect her. I told Meiqi that I would not invest any more money for the time being; so she got upset and told me that maybe she expected too much from me and stopped talking to me the next morning (08/18/22)... but on the night of that same day (08/18 /22) He talked to me about trading again but he didn't mention anything about continuing to invest. I must also say that on 08/18/22 around 9 A.M. I decided to withdraw 1344 USD, but the amount did not reach my binance account, the so-called MT5 customer service told me that I could not do it since they had detected that I was using inside information and that my account had been blocked... and that to unlock it I would have to deposit 500 USD again to the Yabo Market Limited account... To which I replied, Are you trying to scam me?, after that they didn't answer me anymore. So I asked Meiqi what was was going on, why did MT5 customer service tell me that? She only told me that she would also withdraw her funds to see what happens, but then she didn't reply to me anymore either. My total loss was 1800 USD, please have Be very careful with this scam method.
Tax scams are one of the common tactics used by unreliable forex traders. WikiFX has witnessed many cases wherein a fraudulent forex broker scared their trading clients about having tax payments in arrears and urged them to pay quickly before being punished by the authorities. However, it is rare to see a forex broker that uses this as an ultimatum, or rather “threat” towards its clients.
WikiFX
Yabo Market Limited is an online forex broker registered in China. It was newly established. Recently this broker has caught our attention because one trader from Turkey told WikiFX that Yabo Market Limited does not allow him to withdraw. Protecting the legitimate rights and interests of forex traders are always the primary concern of WikiFX. In this article, we will expose this case to you in detail based on the evidence provided by the victim.
WikiFX
