YES SECURITIES

What is YES SECURITIES？

YES SECURITIES is a globally-oriented brokerage across India with a representative office in Dubai, offering a range of financial instruments and services such as Mutual fund, Wealth Box (basket of stocks or ETFs), Alternates Alpha Plus Fund (AIF), e-Will; Global Investment via SAXO Bank. Despite these diverse offerings, it is critical to highlight that YES SECURITIES operates without the oversight of any acknowledged regulatory bodies which raises concerns to its commitment to customer protection.

In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.

Pros & Cons

Pros:

• Diversified Instruments and Services: Yes Securities offers a wide range of financial instruments and services including equities, derivatives, mutual funds and more. This diversification provides clients with various options to suit their investment preferences and goals.

• Ample Customer Service Channels: Yes Securities offers multiple channels for customer support, including phone, email, addresses and social media. This accessibility can be advantageous for clients seeking assistance with account management, trading queries or technical issues.

Cons:

• Unregulated: One of the drawbacks of Yes Securities is its lack of regulation. Without proper oversight from regulatory authorities, there will be concerns regarding transparency, investor protection, and adherence to industry standards.

Is YES SECURITIES Safe or Scam？

When considering the safety of a brokerage like YES SECURITIES or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

• Regulatory sight: Given YES SECURITIES's broad operational scope, the lack of supervision from established regulatory authorities raises significant concerns. The absence of regulatory oversight calls into question the broker's legal status and accountability.

• User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.

• Security measures: Yes Securities prioritizes privacy policy to safeguard client data. Their privacy policy includes measures such as encryption, restricted access, and compliance with data protection laws.

Ultimately, the decision to trade with YES SECURITIES rests with the individual. It's important to carefully weigh the potential risks and returns before initiating any trading activities.

Market Instruments & Services

• Mutual Fund:

Yes Securities' Mutual Fund Platform offers an end-to-end digital avenue for investing in mutual funds from various fund houses. The platform provides a single window for selecting and transacting in mutual funds, ensuring hassle-free and transparent investment experiences.

• Wealth Baskets:

Yes Securities offers Wealth Baskets, curated portfolios of stocks or ETFs designed to build profitable, low-cost, diversified portfolios for both short and long-term goals. Each basket reflects specific investment strategies or themes, backed by rigorous research and customization.

• Alternates Alpha Plus Fund (AIF)

The Alternates Alpha Plus Fund (AIF) generates consistent, risk-adjusted returns by employing diverse trading strategies in derivatives markets. The fund seeks profits from both upward and downward price movements in underlying securities, offering investors opportunities in various market conditions.

• E-will:

Their Will creation services enable clients to distribute assets according to their wishes, ensuring family protection and minimizing disputes. With options for summarized or detailed wills, clients can efficiently plan the distribution of their wealth, safeguarding their legacy.

• Global Investments:

Through an easy-to-use platform, Global Investments by Yes Securities provide access to 30+ global markets, empowering clients to become global investors. It allows customers to invest and trade in multiple global stock markets via single access platform powered by SAXO Bank.

Accounts

Yes Securities offers a Demat account with no associated charges for account opening. This account provides investors with a secure and convenient platform to hold and manage their securities in electronic form. With no fees for opening, clients can easily establish their Demat account with Yes Securities, benefiting from features such as seamless trading, real-time portfolio tracking and efficient settlement of transactions.

For inactive or dormant accounts with whichclients have not conducted any trading or financial transactions through YSL for the preceding 12 months. Funds or securities held with YSL in such accounts are settled at the end of the quarter when the account becomes inactive. To reactivate an account, clients need to submit duly filled KRA/CKYC forms, PAN card, address proof, and income proof if activating specific segments. All documents should be self-attested and bank attested. For queries regarding account reactivation, clients can contact Yes Securities via phone or email.

How to Open an Account？

• Visit the YES SECURITIES website.

• Find the “Open Account” button located on the homepage.

• You will then be required to fill in certain information such as personal details and password.

• You will also be required to submit identification documents for verification according to KYC (Know Your Customer) regulations.

• Once the broker has verified your details, you'll be able to deposit funds and start trading.

Deposit & Withdrawal

To fund your account with Yes Securities, you have several options available.

You can wire funds to SAXO Bank's account by filling out the necessary LRS form (A2 form) and submitting it to your bank. This process typically takes 1-3 business days for the amount to be credited to your account.

Additionally, you can transfer funds from any bank account worldwide as long as it's in your name, including both Indian and non-Indian bank accounts.

As an NRI, you can add funds either by transferring from your Indian bank account or by wire transferring funds from your non-Indian bank account.

Withdrawals can be initiated directly from the platform's Withdrawal tab, with the money wired to your Indian bank account, usually within 3-5 business days.

Customer Service

YES SECURITIES provides multiple channels for customer support. These include email for detailed queries, phone for immediate support, physical address for correspondence and on their website that users send their request then the broker's customer service will contact the user directly.

Phone: 0091 022 6884 1888.

Email:

Queries: customer.service@ysil.in.Escalations: escalations@ysil.in/igc@ysil.in. (https://yesinvest.in/docs/default-source/customercare/Escalation-Matrix.pdf for escalation matrix)

Demat Services: dpgrievance@ysil.in.

Registered Address: 2nd Floor, North Side, YES BANK House, Off Western Express Highway, Santacruz East,

Mumbai - 400055. Maharashtra, India.

Correspondence Address: 4/5 th Floor, AFL House, Lok Bharti Complex, Marol Maroshi Road, Andheri East, Mumbai - 400059. Maharashtra, India.

Branch Address: 7th Floor, Urmi Estate Tower A, 95, Ganpatrao Kadam Marg, Opp. Peninsula Business Park,

Lower Parel West, Mumbai - 400013. Maharashtra, India.

Addtionally, the brokerage also maintains social media such as as Facebook, Twitter, YouTube, LinkedIn, Telegram and Istagram as supplementary for customer service to diversify customer's channels for assistance and communication.

Conclusion

In conclusion, YES SECURITIES is an international online brokerage, headquartered in India, providing a broad spectrum of trading instruments and services including Mutual fund, Wealth Box (basket of stocks or ETFs), Alternates Alpha Plus Fund (AIF), e-Will; Global Investment via SAXO Bank. However, given its significant lack of regulatory supervision since the absence of regulatory oversight casts doubt on the broker's dedication to uphold regulatory standards and the security of its clients.

As a result, we recommend you to explore other brokerages that prioritize transparency, strict adherence to regulatory guidelines, and a high degree of professionalism.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.