Submission declined on 1 October 2024 by Mcmatter (talk).
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| Submission declined on 1 October 2024 by Mcmatter (talk). This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources. This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by Mcmatter 30 days ago.
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| Company type | Limited liability company |
|---|---|
| Industry | financial services encryption currency trading Precious metal |
| Founded | March 2021 |
| Headquarters | United States Denver |
Area served | Global |
| Products | electronic trading platform、Futures trading、social trading |
| Services | electronic trading platform、financial services、investment、Futures trading |
| Website | [ https://www.ylchat.com ] |
YLCHAT Forex Exchange Limited (YLCHAT) is an international financial services company in the United States that provides online trading services for futures trading. Headquartered in Denver, Colorado, it has subsidiaries in Australia, London, and Singapore. It focuses on providing futures trading.The platform offers trading of more than 100 financial assets.
YLCHAT[1] is an international financial company established in 2021 financial investment services and provides futures online trading services,The platform allows users to trade multiple asset classes. It is regulated by Financial Conduct Authority, MSB Registrant Search, which is regulated by the U.S. Financial Crimes Enforcement Network[2], is also regulated by the U.S. Securities and Exchange Commission.
History
editIn 2021, YLCHAT Forex Exchange Limited launched the YLCHAT CFD online trading service platform, as well as the "Copy Trading" feature. The YLCHAT trading platform allows investors to automatically view, follow and copy the top traders on the platform. In the same year, YLCHAT released an application that can be operated on IOS and Android so that investors can buy and sell transactions through mobile devices.
Since its establishment in 2021, YLCHAT has more than 100,000 accounts as of the end of 2023. In April 2021, YLCHAT introduced precious metals CFD trading functions and 20 foreign exchange online trading products. At the same time, YLCHAT's subsidiary in UKLondon YLchat Bressenden Place is authorized by the FCA regulator to provide services in the UK. In July 2022, YLCHAT added Bitcoin to its portfolio, and will add seven more cryptocurrencies by October 2022.
Between 2021 and 2023, the company raised nearly $36 million in two rounds of funding. In early 2022, YLCHAT raised $13 million mainly from investors in the Russian and Hong Kong markets. In 2023, it raised $23 million from investors in the US market. So far, YLCHAT has raised $100 million.
The latest news reports say that Syed Qasim, CEO of IQ Newswire, published an article on the financial information platform TraderKnows, mentioning YLCHAT The rising force in global CFD trading.
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