Offshore Radar: Introducing The Yadix Broker Scheme

FinTelegram introduces offshore broker Yadix
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The offshore broker Yadix is operated by Quantix FS Limited, registered in the Seychelles. The offshore entity is registered with the FSA Seychelles but is not permitted to offer its financial products in other regulatory regimes. According to Similarweb, more than 57% of visitors to the Yadix website in the last 28 days came from Egypt, but also around 17% came from Germany. Yadix is likely to be operated from Cyprus as well. Be very careful.

Key Data

Trading nameYadix
ActivityMulti-asset broker
Social mediaLinkedIn
Legal entityQuantix FS Limited (Seychelles)
AuthorizationFSA Seychelles with license no C112010690
Contact+44 (0) 203 239 6117
+248 4325215
[email protected]
[email protected]
Leverageup to 1:500
Payment optionsCredit/debit card, bank wire, e-wallets, crypto
Payment processorsSkrill, Neteller, fasapay, PayTrust88
Virtual Pay, BitWallet, B2BPay
Related individualsGrace Erima (LinkedIn)

Short Narrative

Similarweb statistics for offshore broker Yadix
Similarweb statistics for offshore broker Yadix (Jan 2023)

In our review on Feb 3, 2023, we registered as an EEA resident with the Yadix without any problems. The EEA countries, Australia, and most other jurisdictions worldwide are included in the drop-down menu, suggesting that these are target markets.

Even before the KYC check with identity and address verification, we could have theoretically made deposits of up to $20.000 via crypto. As payment processors, we again found the usual suspects, such as Virtual Pay, Skrill, Neteller, FasaPay, or Bitwallet for crypto.

By registering with the offshore mutation, EEA customers also have an account with a leverage of up to 1:500. Retail brokers in most Western regulatory regimes are allowed to offer retail clients a maximum of 1:30 leverage. In this respect, Yadix also violates the regulatory provisions.

Preliminary conclusion

We generally advise retail traders not to work with offshore brokers, even if they are not a scam, especially in high-risk segments like CFD, forex, or crypto. As a client of an offshore broker, EEA residents are also not entitled to investor compensation schemes or financial aid from Financial Ombudsman Services. Stay away!

Share Information

If you have information about Yadix, its operators, and its facilitators, please share it with us via our whistleblower system, Whistle42.

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