Yourtradingsystem has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Yourtradingsystem found at https://yourtradingsystem.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at Yourtradingsystem is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Wide product range|Tax reports included|Multi-currency support|API access
Cons: Mobile app could be improved
The spread at Yourtradingsystem is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Fast support response|Low minimum deposit|Stable platform
Cons: Limited social trading features|Would like more payment methods
The platform itself is okay, but the customer service at Yourtradingsystem is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Demo account available|Economic calendar|Multi-device support|Easy to use platform
Cons: Limited demo account features|None so far
The only good thing about Yourtradingsystem is that they remind you why regulation matters. I found them after doing extensive research. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Risk management tools|Demo account available|Great customer service|Real-time alerts
Cons: Website design could be more modern
I lost a significant amount because Yourtradingsystem did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Economic calendar|Portfolio tracking tools
Cons: No fractional shares
After seeing ads for Yourtradingsystem online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Ontario Securities Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Ontario Securities Commission|Cannot verify credentials
After for close to eighteen months with Yourtradingsystem I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Regular platform improvements|Easy to use platform|Fast support response
Cons: Nothing significant
I wanted to transfer my portfolio from another broker to Yourtradingsystem. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Risk management tools|Multiple order types|Copy trading available
Cons: Limited ETF selection|Account statements could be more detailed
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Yourtradingsystem is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Do not believe the bonus offer from Yourtradingsystem. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multi-currency support|Great customer service|Automated trading options
Cons: Some tools only available on higher tiers|None so far