Forex Yard Broker Review

Company FxYard Limited
Established in 2005
Online since 2005
International Offices Cyprus
Payment Methods CashU, Credit/debit cards, Liberty Reserve, WebMoney, Wire transfer
Demo Accounts & Platforms MetaTrader 4, MirrorTrader, FX-Trader
Account currencies Euro, Great Britain pound, United States dollar
Regulated & Registered by AFM (Netherlands), BaFin, Banque de France
CNMV (Spain), CONSOB (Italy), Finansinspektionen (Sweden), FSA (Denmark)
Are US Traders allowed? No
Bonus? (detailed)
Languages in which website is available? Arabic, Chinese, Danish, Dutch, English, Finnish, French, German, Italian, Portuguese, Russian, Spanish, Swedish, Thai, Turkish
Languages in which Support is available? Arabic, Dutch, English, Finnish, French, German, Russian, Spanish
Different Support methods? Callback, Email, Live chat, Phone
Types of Account (micro standard executive islamic) Standard, VIP, Pro, Managed
Minimum deposit in accounts $100
Minimum position size 0.01 Lot
Type of Spread? Fixed
Minimum spread on EUR/USD, pips 2.2
Is Scalping Allowed?
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex=1:200, CFD = 1:20, Oil= 1:100, Indexes = 1:50, Metals =1:100
Real Trading platforms MetaTrader 4, MirrorTrader, FX-Trader
Digits after the dot in quotes 4 or 5
Margin call level 20%
Stop-out level
Total Number of currency pairs 23
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

forexyardFxYard Limited or Forex Yard brokerage was started way back in 2005 and has been into internet based online trading since then. They have their office in Cyprus and is well regulated by the regulating authorities of several countries like by AFM in Netherlands, BaFin and Banque de France in France, by CNMV in Spain, in Italy by CONSOB, by Finansinspektionen in Sweden and by FSA in Denmark. It being regulated in so many countries makes it reliable in the eyes of traders. They have many features like lucrative bonuses, facility of personal manager to manage the account better and the traders can also place the order through the telephone. They also offer to their clients managed and segregated accounts.  The other important services offered is hedging, trailing stop, pending orders, mobile trading, and browser based platform and automated trading. With so many quality services Forex Yard has many happy and satisfied customers which include both professionally experienced as well as the beginners.

The deposit and withdrawal of fund can be made by using any one of these options, CashU, credit/debit cards, WebMoney, Liberty Reserve and wire transfers. Though, these are very limited options the company makes sure that the customers do not face any problem during the process. The trading platform for demo as well as real trading accounts is Meta Trader 4, Mirror Trader and the in house trading platform FX Trader. The trading platforms have several features with charting and analysis facility which helps in easy, fast and successful trading. The currencies allowed in the trader’s account include Euro, GBP and USD and the number of currency pairs in which the traders can do the trading is 23 which include all the major pairs. The website as well as customer support service is multilingual and is available in 15 and 8 languages respectively.

The kind of service that a company gives can only be known by either using their service or by going through their reviews posted online by their users. The most liked feature of the company is that it is well regulated in several countries and this makes it highly reliable in the eyes of the customers. Their trading platform is also liked by many as they offer a lot of features which helps the traders to trade easily and successfully making maximum profit. Their website and customer support service is available in many languages and is liked by many traders who do not know English and this is very important as you get traders from all over the world. A few cons mentioned in the reviews are that the payment options are limited and that they do not allow traders from United States to trade from their account. Their mobile trading service is liked by many traders who are most of the time travelling. Hedging is allowed and is loved by many. The overall review is very positive and the average rating given to the company by its users is 5.7 out of 10.

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