UPDATE: Websites of youtradeFX Group came back to operation after three hours. It was explained to Forex 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 (http://www.ytfx.com.au) were completely down and its Israeli brand (USG Capital) was slow to load and unresponsive.
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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 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.