Yuan Pay Group is an auto trading robot that facilitates crypto trades using AI technology and algorithms. The robot uses statistical and mathematical trading signals to trade with brokers partnered with the exchange.
Users must make trades on Yuan Pay Group with the e-Yuan cryptocurrency. The company claims e-Yuan has the potential to grow into China’s state-backed cryptocurrency. This claim is not confirmed and may never happen, meaning forecasted future prices would be affected.
The robot lets experienced users set trading parameters to execute their own trading strategies and support completely automated trades. The robot then scans the markets and executes trades when those parameters are met.
Pros And Cons Of Using Yuan Pay Group
Yuan Pay Group Markets, Assets, And Options
What Assets And Products Can You Trade Using Yuan Pay Group?
Yuan Pay Group supports numerous cryptocurrencies, including the native crypto coin e-Yuan. They also carry Bitcoin, Ethereum, and Cardano. The complete list includes:
What Leverage Trading Options Are There?
Yuan Pay Group’s partnered brokers offer margin trading on crypto assets. Users can trade CFDs (Contracts for Difference), trading cryptocurrency contracts without owning the underlying asset.
Yuan Pay Group does not state any leverage ratios. However, some reviews suggest leverages of 1:1000 offered by certain partnered brokers. In short, you can trade 1000 times your deposited funds.
Be aware that leveraged trading is risky and often results in loss of funds. Cryptocurrency prices are volatile and downward spikes can be disastrous for profits. As such, users should only trade what they can afford.
What Are The Spreads?
There is no information available regarding Yuan Pay Group’s spreads. However, most partnered brokers will offer varying spreads that rise and fall with market fluctuations.
Fees, Limits, And Payment Options On Yuan Pay Group
How Much Does Yuan Pay Group Cost?
Yuan Pay Group is free to create an account without any subscription costs. However, users must pay a $250 minimum deposit when signing up to place trades. Users need to pay this deposit to use the robot.
What Are The Payment Methods Accepted By Yuan Pay Group?
Users need to make a $250 minimum deposit to trade with Yuan Pay Group. The robot offers the following payment methods:
Credit or debit cards
Yuan Pay Group does not charge for deposits or withdrawals either. However, you may incur charges from your preferred payment method. Withdrawals will take up to 48 hours to reach your bank account.
Does Yuan Pay Group Also Charge Fees And Commissions?
Yuan Pay Group does charge a small commission when you make profits. However, there are no other fees.
Yuan Pay Group Trade Sizes And Limits
Yuan Pay Group does not set trade sizes or limits. The broker sets these. Check limits with your chosen broker before making any trades.
Yuan Pay Group Platform
How Does Yuan Pay Group Work?
According to the official website, Yuan Pay Group partners with brokers that offer leveraged trading in digital assets like cryptocurrency. Users can then trade cryptocurrencies with the native e-Yuan coin. The robot works as a hybrid between cryptocurrency and forex markets.
What Devices Can I Use Yuan Pay Group On?
Users can access Yuan Pay Group on any device with a web browser, such as Safari or Chrome. However, the website may not run as smoothly on mobile-based internet browsers. Yuan Pay Group does not have a dedicated mobile app. You can use the robot on the following devices:
Laptops or desktops
What Exchanges And Brokers Does Yuan Pay Group Partner With?
Yuan Pay Group claims that it partners with various brokers that support CFD crypto trading. However, Yuan Pay Group does not specify which brokers are partnered with their company.
Can I Use Yuan Pay Group In My Country?
Yuan Pay Group is currently the only crypto-based CFD trading robot in China.
Users can sign up for Yuan Pay Group in any location that allows CFD trading for digital assets.
Some of these countries include:
Yuan Pay Group is prohibited in the US because of CFD restrictions.
Is Yuan Pay Group Available In My Language?
Yuan Pay Group is available in numerous languages. These include:
Choose your language from a menu at the top of the page.
How Easy Is It To Use Yuan Pay Group?
Yuan Pay Group, like other robots, is easy to use thanks to simplified, automated trading functions. Users can enjoy margin trading with CFD instruments without prior knowledge; they can adjust parameters, leverage levels, and more.
Users can use charts to make educated trading decisions. However, Yuan Pay Group will use charts and similar crypto indicators to make automated trades for you.
However, users should be aware that automated trading robots are unreliable. All users should remain cautious when using Yuan Pay Group and only trade what they can afford.
Yuan Pay Group has multiple features that benefit users looking to place margin trades on CFD contracts. Features like customer support and an easy-to-navigate dashboard make Yuan Pay Group an attractive automated trading prospect. Some notable key features include:
Yuan Pay Group has a user-friendly interface designed for traders of various experience levels. Whether users are trading for the first time or seasoned crypto experts, Yuan Pay Group’s interface lets you make trades and set parameters easily.
Long And Short Trading
Yuan Pay Groups lets users open long and short positions when trading digital asset CFDs. Program the robot with specific parameters to follow your preferred trading strategy.
Long positions involve traders betting the asset price will rise in the future. Short positions are when traders bet the asset price will move downwards.
Yuan Pay Group has a free demo account to help you learn how to use the robot and place leveraged trades without risking their funds. Users can develop their trading strategies and figure out the site ahead of making real transactions.
Security And Regulation
Is Yuan Pay Group Legit?
Yuan Pay Group makes several claims of likely profits for users who use automated trading services. They also claim that e-Yuan will be named as China’s state-backed cryptocurrency. However, we couldn’t verify these claims.
Yuan Pay Group may earn users a profit. However, you should set strict parameters and conduct plenty of research before making trades. The website states that users can lose money and CFD trading is risky.
Is Yuan Pay Group Safe?
Yuan Pay Group offers numerous security features to ensure your account remains protected, including SSL encryption and account verification procedures.
Also, Yuan Pay Group uses regulated brokers to make trades. If this claim is correct, these partnered brokers follow financial rules set by governing bodies in their jurisdiction to keep your information and funds secure. However, we could not verify how many partner brokers are regulated.
Am I And My Money Protected?
When using automated trading AI like Yuan Pay Group, you should remember that the platform does not hold any funds. Your deposit is sent to a broker, who then receives trading signals from the robot to make trades.
Your funds will be held in a wallet on the partnered broker’s platform and subject to the broker’s security regulations and protocols. If you would like more information, contact the specific broker.
Is Yuan Pay Group Regulated?
There is no information about Yuan Pay Group’s regulation status with local regulators in specific jurisdictions. However, some partnered brokers will be regulated. If you’d like to know more, contact the brokers directly.
Do I Have To Verify My Account With Yuan Pay Group?
Yes. When creating a Yuan Pay Group account, you will have to verify your name, phone number, and contact email address. Users can then use the demo trading account or enable live trading.
However, you do not have to complete a KYC (Know Your Customer) procedure to prove your identity when you sign up. Users only need to submit proof of identity when trading through a broker.
Yuan Pay Group does not have much educational information or resources on its homepage. There is a small FAQ and some general information about Yuan Pay Group’s relationship with the Chinese market. You can also contact customer support if you have any questions about site functionality.
Tools And Charting
Yuan Pay Group has numerous crypto charts, so you can judge crypto value and market fluctuations when seeing custom trading parameters. The site also offers CFD instruments for margin trading.
In addition, Yuan Pay Group also uses artificial intelligence and intuitive protocols to make automated trades.
Yuan Pay Group has a customer support section available to all users. However, some users have claimed it is difficult to speak to an advisor. If you do want to contact customer support, you can do so via phone, email, or live chat.
The site also has a contact form for non-members, but response times are much lengthier if you have not signed up.
How To Get Started With Yuan Pay Group
If you want to sign up to Yuan Pay Group, follow these steps:
Register For A Yuan Pay Group Account: Head over to the Yuan Pay Group homepages and complete the sign-up form. Provide your name, phone number, and email address.
Speak To A Broker Advisor: Then, speak to an advisor to finish your registration and get set up on their platform. You may need to complete a KYC process and prove your identity, address, and income.
Add Funds Into Your Wallet: Follow Yuan Pay Group’s instructions to add the minimum deposit amount to your broker wallet. Users must deposit $250 to trade with Yuan Pay Group.
Try The Demo Account: If this is your first time trading CFDs, use the demo account to figure out how Yuan Pay Group works. Focus on your trading strategy and how to best make profits before using real money.
Complete Your First Trade: Once you know how to use Yuan Pay Group, complete your first trade. Set your parameters and let Yuan Pay Group issue commands to your broker when those criteria are met.
Final Thoughts On Yuan Pay Group
Yuan Pay Group offers manual and automated trading, though mixed reviews may impact whether or not you use this robot. In addition, misleading claims about e-Yuan’s prospects and false endorsements and reviews mean that users should be cautious when dealing with Yuan Pay Group.
The platform may not yield dramatic profits as claimed on its homepage. You will not make huge sums of money by trading with this Yuan Pay Group for 20 minutes.
If you want to use Yuan Pay Group, do so in conjunction with your own trading strategy. Set trading parameters to open and close trades that you can afford. The robot monitors the crypto market and makes trades without intervention. Also, if you believe in e-Yuan’s future, this robot may work for you.
Above all else, make sure you do enough research into trading cryptocurrencies before risking any funds. This is true of Yuan Pay Group and any other robots. These types of platforms are risky and do not guarantee profits. Keep up to date with crypto news to make more accurate trades and only deposit funds you can afford to lose.