Yuan Pay Group review
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Our platform reviews have investigated a wide range of trading robots and on this page, we look at the Yuan Pay Group software. Our experts have tested the platform to see if it’s as profitable as its website claims to help you decide whether it’s a scam or legit.
We are aware of numerous websites which use false celebrity endorsements to send customers to unregulated brokers or call centres. Our website will only send customers to partners who have provided us with the required regulatory assurances. This is a marketing offer and our regulated partners will indicate what services they have available upon registration
Pros & Cons
What is Yuan Pay Group?
Yuan Pay Group facilitates automated trading in cryptocurrency assets using technologies like Artificial Intelligence (A.I.). The robot calculates crypto trading signals using mathematical and statistical algorithms and uses those to place trades with partnered brokers.
Trades with Yuan Pay Group will be made using the e-Yuan cryptocurrency – which it claims has the potential to become China’s state-backed crypto coin. This is not confirmed yet, and it is worth noting that such a huge move might not actually materialise and the forecasted price rises would also hit a stumbling block.
The robot also offers the ability to set parameters on trading activity for expert clients – rather than just supporting fully automated trades. Yuan Pay Group’s robot scans the markets 24/7 and automatically executes trades when the specific parameters (such as the price of Bitcoin) are met.
Yuan Pay Group summary
|Features||Yuan Pay Group|
|Supported cryptocurrencies||BTC, ETH, LTC, XRP, BCH, ADA|
|Withdrawal speed||24-48 hours|
About the Yuan Pay Group platform
How does Yuan Pay Group work?
According to the Yuan Pay Group official website, the trading software partners with licensed brokers that offer margin trading in digital assets. The platform then allows users to trade cryptocurrencies in relation to the value of the e-Yuan coin – providing a form of crossover between the forex and the cryptocurrency market.
What assets and products can be traded on Yuan Pay Group?
The robot offers services of automated trading in prominent cryptocurrency assets, including the digital Yuan. Here’s a list of some of the coins you can use with the Yuan Pay Group.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Cardano (ADA)
How much does Yuan Pay Group cost to use?
You can use the Yuan Pay Group trading software for free. However, while registration is free, our research indicates that users might need to pay a commission charge to brokers for accessing their services. The robot simply places trades automatically, but it is likely the brokers on which it executes trades will apply small fees. Charges will be in the region of 2% for each digital currency transaction the trading software makes.
What are the payment methods accepted by Yuan Pay Group?
You do not need to deposit any money with Yuan Pay Group, instead, you must deposit funds with one of its partner brokers. Its recommended brokerage accounts accept a wide range of payment methods, including credit or debit cards, as well as third-party apps like Skrill. Here’s a full list of available payment methods for Yuan Pay Group.
- Credit card
- Debit card
- Bank transfer
- SEPA transfer
Is there a Yuan Pay Group app for both mobile and laptop computers?
Yes, the Yuan Pay Group app is available for both mobile devices and personal computers. The Yuan Pay Group mobile app can be downloaded from most app stores and works on both Apple and Android devices. You can also access the trading software from desktop computers and laptops. Below is a list of the devices you can use Yuan Pay Group on.
- Desktop computer
- Smart phone
- iOS devices
- Android devices
Yuan Pay Group key features
The Yuan Pay Group trading software shares a number of features with other cryptocurrency automated software. It also has several unique features, which we have explained below.
Trade with leverage
Not all cryptocurrency bots let you trade with leverage, but with Yuan Pay Group, you can obtain up to 1000:1. This means for every £1, you get to trade with £1000, so you can greatly increase your profits. Although it must be said, leverage can work against you, so you should use it cautiously.
Use CySEC-licensed brokers
The Yuan Pay Group trading software partners with a selection of brokers regulated by one of Europe’s largest and best-known regulatory bodies, CySEC. Trading with a broker regulated by a tier-1 authority means you’re offered much stronger protection and safety measures.
Free demo account
When you sign up with Yuan Pay Group, you can use its trading software on its free demo account. Using demo funds to practice with is a top way to find out if the robot is the right fit for you. Additionally, you can change its trading parameters and adjust other settings without risking any of your money in a live account.
Trade China’s new digital currency
Yuan Pay Group, works by using the new Chinese coin. While the coin is not officially linked to the People’s Republic of China, many investors consider it the digital Yuan. Like many crypto coins, volatility is often high and with Yuan Pay Group, you can use its advanced algorithms to take advantage of big price moves and purchase digital Yuan.
Which brokers can I use with Yuan Pay Group?
Yuan Pay Group is associated with regulated brokers supporting CFD trading in cryptocurrencies. These brokers do not offer to trade in actual digital currency, but you trade with contracts representing assets like Bitcoin and e-Yuan.
Our research indicates that EuropeFX is one of the brokers associated with Yuan Pay Group, but the exact brokers used are only made available when you register an account.
Can I trade assets with leverage?
Yes, Yuan Pay Group has partnered with brokers that offer margin trading with CFD instruments in the cryptocurrency market. Contracts for Difference (CFDs) allow you to buy contracts of an underlying asset without actually owning them and profiting from the price difference.
While the Yuan Pay Group website does not mention the leverage ratio, external resources suggest that leverage of 1000:1 is offered by the brokers with which Yuan Pay Group partners. In other words, you can trade 1000 times the amount you have available.
Please note that trading with leverage is quite risky. As crypto prices are volatile, sudden downward spikes can put your capital at risk. Hence trade in small amounts, do not use high leverage, and gradually practise.
Can I open long and short positions with Yuan Pay Group?
Yes, you can open long and short positions on Yuan Pay Group as it offers margin trading in digital currency. You must program the robot by setting parameters to follow a desired trading strategy.
In trading, a long position is when a trader bets that the price of an asset will move upwards within the specified duration and a short position is when a trader bets that the price of an asset will move downwards in a specified amount of time.
How do I get paid? What about payouts?
You can request a withdrawal at any time and will be processed within 24 – 48 hours. You must visit the trading dashboard and fill out a form requesting a withdrawal. As long as you have fully verified your account and completed procedures for KYC and AML, your money will be returned to your bank account.
There are no withdrawal limits specified by Yuan Pay Group, and you can select daily withdrawals. It is worth noting, however, that at this stage, you will have to supply ID documentation.
What is Yuan Pay Group’s customer service like?
Yuan Pay Group provides 24/7 customer service access to all its verified users. The available methods to contact include a phone number, email, and live chat. There is a contact form available to fill out before registering on Yuan Pay Group, but response times are much slower than with registered members. Below is a list of ways to contact Yuan Pay Group customer service representatives.
- Live chat
- Online form
Safety and security
Is Yuan Pay Group safe to use?
Yes, during our testing of the Yuan Pay Group trading software, our experts found it to be safe and had a number of security features. The crypto bot uses SSL encryption as well as anti-virus and anti-phishing measures. Its partner brokers also use various methods such as segregated bank accounts to ensure the safety of all users.
Is Yuan Pay Group regulated?
The Yuan Pay Group trading software is itself not regulated. However, the brokers it has partnerships with are licenced. Its partner brokers are regulated by CySEC, one of Europe’s largest and best-regarded regulatory bodies. Brokers need to meet strict guidelines to gain a CySEC licence, so traders using the Yuan Pay Group app benefit from strong regulation.
Is my money protected on Yuan Pay Group?
When you use Yuan Pay Group, you do not deposit any money with the trading platform, rather you deposit funds with one of its partner brokers. As previously mentioned, its partner brokers offer strong regulation from the CySEC governing body.
Part of CySEC’s benefits is a compensation scheme, which is in place to protect traders if a broker was ever to go out of business. So by using the Yuan Pay Group trading platform, you’ll have the backing of CySEC compensation, which may mean you will be compensated if the broker you’re using goes bust, although this will likely depend on where you are located.
Who owns Yuan Pay Group?
The official Yuan Pay Group website does not provide any information on its creator or owner. Due to the popularity of the platform, many rumours have been circulating stating a well-known celebrity created the trading software. However, our investigation found these rumours to be untrue.
Our experts did discover the real creators and owners of the trading software are a group of crypto traders and software developers with many years of experience. While their names remain unknown, this is not uncommon, especially in the cryptocurrency industry, where privacy remains an important factor.
What is the registration and verification process?
The registration process on Yuan Pay Group is easy. You need to fill out a signup form with all your details, including your name, phone number, and contact address. After you have completed your verification process, you can start to access different features like demo trading or enable live trading.
You will not have to complete any KYC (Know Your Customer) process or submit your proof of identification at the time of registering on the Yuan Pay Group app. But you will have to comply with these guidelines before starting to trade through the broker, and will likely need to provide such documentation if you’re withdrawing funds.
How to start trading with Yuan Pay Group
Step 1. Create an account with Yuan Pay Group
Visit the Yuan Pay Group official website and fill in the registration form on the homepage. This is very simple and all that is required is your basic contact information, including your name, email address, and phone number. Once the form is complete, click the register now button.
Step 2. Make a minimum deposit of $250
To start trading, you will need to make a deposit of $250 or more. You don’t need to deposit directly with the Yuan Pay Group app but will need to create an account with one of its partner brokers. Once your brokerage account is open, select your preferred payment method and deposit funds.
Step 3. Set up your Yuan Pay Group trading system
The Yuan Pay Group trading platform has lots of settings that you can change to fit your requirements. You can choose what coins you wish to trade, how often you want the bot to trade, and a host of other parameters. It’s important to take your time at this stage so you won’t need to make many adjustments later on.
Step 4. Adjust risk management settings
Once you’re trading system is up and running, you need to adjust its risk settings. The Yuan Pay Group app trades a range of different cryptocurrencies, which can be volatile. To ensure the bot runs as safely as possible, you should ensure your risk parameters are set low. You can always adjust them higher once your confidence with the robot grows.
Step 5. Start investing with Yuan Pay Group
Now, you’re ready to start investing with the Yuan Pay Group app. Before you begin trading on a live account, we recommend you practice on a demo. This way, you can test out the robot without risking any of your money.
Has Yuan Pay Group been recommended by celebrities or appeared on TV?
As with many cryptocurrency robots, there have been rumours of prominent celebrities endorsing Yuan Pay Group. Our research found that these stories are false and we couldn’t find evidence to support any of the claims.
Below we have fact-checked the claim that three notable celebrity figures have used or promoted Yuan Pay Group.
Is it true that Shark Tank endorsed Yuan Pay Group?
No, the Yuan Pay Group app has never been featured on Shark Tank. This is an American television show that features entrepreneurs making business presentations to a panel of five investors or “sharks,” who decide whether to invest in their company.
Fact check: False. We found out that Shark Tank has never mentioned this robot, and its founders did not pitch the ideas to the panel of ‘Sharks.’
Is it true that 50 Cent uses the Yuan Pay Group website?
On several external websites, it is claimed that 50 Cent uses the services of Yuan Pay Group. 50 Cent is an American rapper, actor, television personality, and songwriter mostly known for his hop music industry contribution.
Fact check: False. There is no evidence that 50 Cent has ever used or endorsed Yuan Pay Group app.
Has Nicole Kidman publicly recommended the platform?
Nicole Kidman has never used Yuan Pay Group. Nicole Kidman is a famous actor, singer, and producer who has played roles in movies like The Hours and Batman Forever. She has also won prominent awards, including an Oscar, two Emmys, and five Golden Globes.
Fact check: False. Invezz could not find any connection between Nicole Kidman and Yuan Pay Group’s crypto robot.
Is there a Yuan Pay Group alternative?
There are many other cryptocurrency trading robots and if Yuan Pay Group does not convince you, you can check out the list below. Our trading experts have selected five of the best trading robots, and you can click on the links to be taken to their full reviews.
- Ethereum Code is an auto trading robot that takes trades on the Ethereum Blockchain. You won’t be able to use it for Bitcoin, but it has many coins available.
- Bitcoin Motion is a top choice if you want a robot focusing on Bitcoin. It’s one of the best-performing robots and includes many other coins.
- BitIQ uses advanced technology and AI software to buy and sell a wide range of cryptocurrencies. It’s also one of the top-rated crypto trading software around.
- Immediate Edge has a big following online so you can find lots of information on it. It trades the whole crypto market.
- Bit Index AI is programmed to use artificial intelligence to identify trading opportunities in the crypto market.
Our top robot trading tips for beginners
You need to consider factors while trading in crypto markets instead of solely depending upon the robot. Crypto markets are volatile and require thorough research from your side to place trades. Here are some tips that should be considered before using a robot for cryptocurrency trading.
- Familiarise yourself with trading. Beginners must understand the different risk mitigation strategies that must be deployed to protect against price volatility. This includes setting stop loss and daily trades to minimise your losses.
- Understand cryptocurrency space. You must also understand the functionalities of trading digital assets. The market of cryptocurrencies works differently than traditional financial markets and can be more volatile. Never invest in something you don’t understand.
- Practice with a demo account. Start practising with a demo account if it is available. A demo account helps you get familiarised with the crypto trading space without the risk of losing money.
- Start small and build gradually. Practise by trading in small amounts, learning insights from your mistakes, and building your portfolio gradually, one step at a time.
- Only invest what you can afford to lose. The golden rule of trading: only invest what you can afford to lose. Markets can be volatile, and losses can come as easy as profits, so don’t risk money you couldn’t live without.
Our final verdict on Yuan Pay Group
The Yuan Pay Group trading platform has mixed reviews on several external websites. The platform’s official website has many misleading claims about the prospects of e-Yuan and the endorsements that Yuan Pay Group has received, so treat its marketing claims with caution.
While it tries to find profitable trading signals, it does not have a success rate of nearly 100%, as stated on its website. With little time, you cannot make millions of dollars in profits using the trading robot.
The best way to use Yuan Pay Group is to aid it in your trading strategy. You can set your trading parameters to open and close a trade. The crypto bot monitors the market and executes the trade at your predefined criteria without any intervention. If you believe in the future of e-Yuan as a digital currency, then this robot could be useful to you.
Methodology: how we scored this Yuan Pay Group review
When evaluating a trading platform, every cryptocurrency trading robot review on our website follows the same rules. In the case of this Yuan Pay Group review, we first set up a free account and made a $250 deposit. The robot was then connected to its recommended trading platform before we adjusted some settings and let it trade.
We combined our research and analysis with online reviews from trading software users during our review. We then graded the trading platform based on our findings and the feedback of other users.
The final ranking is given a five-star rating. No platform can influence the score, but we may be compensated if you sign up with a partner through one of the links on this page.
Yuan Pay Group is a software that provides cryptocurrency trading services, but it will not make you rich overnight as it claims. The website makes a number of assertions about the future price of e-Yuan and how it will help you make money effortlessly – but these claims should not be believed and investing in crypto markets always requires research and dedication.
Yes. It is relatively simple and easy to register on Yuan Pay Group. You need to fill its sign-up form and complete the verification process. You do not have to submit any identification proof at the time of registering. Please note that the robot does not offer services in all jurisdictions. You may not be able to sign up if it does not provide services in your country.
No, withdrawals from Yuan Pay Group are in fiat currency. Yuan Pay Group partners with brokers that offer services of CFDs in cryptocurrency trading and users withdraw their funds from these platforms. As these brokers trade using CFDs, payouts are processed by bank transfer in fiat currency.
With respect to enabling automated trading in cryptos, yes, but it also promotes its product with unverified testimonials, false claims, and deceptive methods. Yuan Pay Group presents itself as a major economic company within China, but this appears to be a result of marketing and not a reflection of reality.
With respect to automating trades using advanced algorithm software in digital currencies, yes but you cannot generate thousands of dollars in profits through Yuan Pay Group. The robot has partnered with brokers offering services of CFDs in crypto. It passes crypto trading signals through an API and the broker in-turn executes the trade in order to help users trade e-Yuan for other cryptos.
Its official website states that the platform is absolutely free to use. However, our research states that this may not be entirely true. This is because, while the robot my be free, you will likely incur trading fees on the broker(s) it partners with.
Before deleting your Yuan Pay Group account, ensure that you have withdrawn your funds from the trading account. After the funds are credited, you need to place a request to delete your Yuan Pay Group account from the robot as well as the broker’s platform.
It is not clear. Yuan Pay Group’s official platform has no details on the team or founders that created this crypto bot. During our research, we found that a number of claims are being speculated on people who developed Yuan Pay Group and the Chinese cryptocurrency. But there is no substance behind these claims and the identity of its founder remains unknown.
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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