Websites of youtradeFX Group Recovered Maintenance Issues After 3 Hours Outage

UPDATE: Websites of youtradeFX Group came back to operation after three hours. It was explained to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that the outage was caused by infrastructure maintenance work by an outside service provider on the servers. The company's trading service and all other systems did not stop operating during that time.

For at least two hours, at the time of publication, the youtradeFX brokerage was unavailable to access online. The youtradeFX group's main website (www.youtradefx.com) and its Australian offshoot (https://www.ytfx.com.au) were completely down and its Israeli brand (USG Capital) was slow to load and unresponsive.

The social media accounts of youtradeFX also remained silent on the problem. It is very unlikely however, that the issue is related to the group ceasing operations or having Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term problems as the company has demonstrated its capital solvency by sponsoring the Basketball European Champions, as we recently reported.

According to the firm's website, youtradeFX is the trade name of a geographically diverse group of financial services companies, as detailed below:

• YouTrade Capital Markets PTY Ltd is a company incorporated in Australia. This company is regulated by the Australian Securities and Investment Commission and operates under the website www.ytfx.com.au.
• You Trade Holdings Limited is a company incorporated under the laws of the British Virgin Islands.
• Youtrade (Europe) Limited is a company incorporated under the laws of Anguilla, with a registered address at Kamilah House, Rock Farm, Anguilla.
• The website, www.youtradefx.com is owned and operated by You Trade Holdings Limited, a company incorporated in the BVI.