Reported as a scam / unregulated
Why Yescom is on the register
Yescom claims it was found in Switzerland in 2015, with strict and double regulations in the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) with license number M22953821 and the National Futures Association (NFA) with regulatory number 0549163. But first, when we checked its domain, we found it was created on 23rd Nov 2022. So how could it start its business in 2015? It is a red flag here. Second, we indeed found a match result to this broker in FINTRAC. But FINTRAC is not a financial regulator that regulates entities engaging in forex. Third, we indeed found a matching result in NFA’s registry, however, Yescom is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a “retail forex exchange dealer.” Yescom doesn’t satisfy these conditions. The truth is, Yescom is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.