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1. Opening an Account with YWO
1.1. Why Traders Should Open an Account at YWO
- Credibility: YWO, though newly established, is regulated by South Africa’s FSCA, offering a wide range of trading assets and account types suitable for both beginners and professional, experienced traders.
- Diverse product range: More than 200 trading instruments across 6 asset classes, including Forex, Metals, Indices, Stocks, Cryptocurrencies, and Energies.
- Multiple account types: YWO offers 3 account types: Cent (ideal for new traders), Standard (suited for most traders, beginners and experienced), and Zero Spread (specialized for scalpers).
- Competitive spreads, fees, and leverage: YWO’ spreads are in line with current market standards, especially competitive on the Zero Spread account. Reasonable commissions and leverage up to 1:1000.
- Low minimum deposit: Just 10 USD for all account types — one of the lowest in the market, making it accessible to all traders.
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1.2. Step-by-Step Guide to Opening an Account at YWO
In this section, VnRebates will guide you through opening a YWO account quickly and in detail:
Step 1: Go to the official YWO website: [here]
Step 2: Click the “Get Started” button in the top right corner of the screen.
Step 3: You will be redirected to the account opening page. Fill in the required fields as shown in the image, tick the Terms & Conditions box, then click “Continue.”
Step 4: Three sections need to be completed: Email Verification, Profile Verification, and Questionnaire. Start with email verification.
Step 5: Click “Verify Now” under Email Verification, then click “Send Verification Email.”
Step 6: Open your email inbox, find the verification email, and click “Verify My Email.” Email verification is complete.
Step 7: Next, verify your profile by clicking the section shown.
Step 8: You will be redirected to the verification page. Review your details, then click “Upload” to answer the questions.
Step 9: Answer all required questions, then click “Continue.”
Step 10: Tick the Terms & Conditions box again and click “Continue.”
Step 11: Click “Verify Now” to proceed with profile verification.
Step 12: Click “Continue.”
Step 13: Select the appropriate option (as shown) and click “Continue.”
Step 14: Choose the type of document you want to use for verification, then click “Continue.”
Step 15: Click “Upload Document.”
Step 16: Upload both the front and back of your document, then click “Continue.”
Step 17: A notification will appear confirming that verification is in progress — this usually takes only a short time.
Step 18: Upload the requested documents once again if required.
Step 19: Check your email after 15 minutes. If you receive the confirmation email (as shown), KYC verification is complete.
Step 20: Click “Open Live Account” to proceed with creating a real account.
Step 21: Select your account type, leverage, and currency, then click “Continue.”
Step 22: Click “Continue” again to confirm.
At this point, you’ve successfully created a live trading account with YWO!
2. Frequently Asked Questions about Opening an Account at YWO
Is support available outside working hours?
Yes! Support is available 24/7 for general queries. For more complex issues, the YWO team will respond as soon as possible during working hours.
Can I open a Demo account first?
Absolutely! A Demo account lets you practice trading with virtual funds in a risk-free environment.
What documents do I need to open an account?
You need to upload a valid National ID/Passport/Driver’s License and Proof of Address (utility bill or bank statement issued within the last 3 months).
What if I encounter problems while opening an account?
If you face any unclear issues or technical problems during account registration, you can contact broker support through:
- Email: support@ywo.com
- Or open a support ticket via the Dashboard after your account has been created.
3. Conclusion
This guide from VnRebates walks you through the process of opening and completing KYC with YWO. If you have questions during the process, feel free to contact VnRebates for assistance and to receive promotional offers (if available) from this broker!