ForexYard

ForexYard

Up to $1,000 bonus
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Details

BrokerForexYard
Website URLwww.forexyard.com
Founded2006
HeadquartersCyprus
Support TypesLive Chat , E-mail , Phone ( Uk Toll Free: +44-203-150-168-930 )
LanguagesEnglish , German , Polish , Italian , Russian , Chinese , Spanish , Arabic , French , Portuguese
Trading PlatformMetaTrader 4 ( MT4 Desktop, MT4 Mobile, MT4 Multi-Terminal )
Minimum 1st DepositUSD $100
Minimum Account Size$100
Minimum Trade Amount1,000 lots
Leverage1:200
Spread3 pips ( EUR-USD )
Free Demo Account Open Demo
Regulated Yes
RegulationCyprus Securities Exchange Commission (CySEC)
Account TypesLive Account , Mirror Trader
Deposit MethodsCredit cards , Wire transfers , Moneybookers
Account CurrencyUSD
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score85/100

Pros

  • Free $100,000 Demo Account
  • Free Training Courses
  • Trade Forex with MT4 platform
  • Regulated in Europe
  • Up to 1,000 Free Bonus
  • $100 minimum account only
  • Good Customer Service

Cons

  • Not CFDs or Indices to Trade
  • USD account only

ForexYard have become specialists in trading online and have experienced traders with specialist sectors which has enabled them to establish themselves as an online broker in the market today. They have analytical tools which are user friendly and intuitive. In March of 2001 they were acquired by and their trading name became part of SafeCap Investments Limited, they were Forexyard.com before this acquisition took place.

Trading Platforms

Forexyard.com is one of the best platform for currency trading. They use the Metatrader 4 platform which is renowned. It is free to download and will enable you to start trading today with Forex. You can use the Metatrader 4 platform and it is available for both the demo accounts which are live. The other platforms that Forex uses are:

Trading platforms which are downloadable

  • FX Trader
  • MT4 Trading Station

Platforms which are web based

  • MT4 Web Trader
  • Fx Trader Web Trader – Live
  • Fx Trader Web Trader – Demo
  • Mirror Trader

Mobile Platforms

  • MT4 for iPhone
  • MT4 for Android
  • Fx Trader – Java

Trades

Trading Accounts

There are trading accounts which many of them are live and provided to the client with an option to choose form. Once you have watched the demo and finally worked out how to use the platform you can open a free demo account, you will need to fill in the registration form with all your relevant details and then once your registration is complete you can start trading, or there are other accounts you will have to choose from and will be for whatever your trading needs are, each account has its own advantages and attributes which are unique. The following accounts are available for you to choose from:

  • Standard
  • VIP
  • Pro
  • Managed

The deposit which you can make into these accounts is:

  • Standard – $100
  • VIP – $10,000
  • Pro – $25,000
  • Managed – $20,000

Commissions and Spreads

ForexYard offer what are called dealing spreads which are fixed and this is a pip on EUR/USD also 3-5 pips on pairs of other currencies. Some brokers will claim to give you a pip which is widened routinely and spread with anything up to 10 pips and possibly more if the market is moving fast or the market is traded thinly, such as the session for Asian trading. Another thing that ForexYard.com deliver to all types of traders is trading inter-bank Forex. This offers 3% leverage on all pairs of currency which the Institutional platform has available.

You will pay NO exchange fees and NO commissions in the market of currency. This is because the market is dealt with directly by you via an online exchange which is electronic, ticket costs and broker fees for the middle man is eliminated. To trade initiate a trade will cost you but you will see it in the bid/ask spread which will also be in the equities or futures trading. The trading station will offer spreads which are consistent in trading.

Customer Service

At FOREXYARD, customer service is available 24 hours a day and is a Trade Support Centre; the line is dedicated to helping the client with advice and information relating to the market. You will always be able to speak to someone and live chat is available too.

Deposit Options

You can make deposits into your account by using either a credit card or by paying the money in via a wire transfer but you will need to go into your account to do this.

Regulation

SafeCap Investments Limited is a company in Cyprus and they are called Cyprus Investment Firm (CIF) they are regulated by the Cyprus Securities Exchange Commission (CySEC). FOREXYARD is regulated and Licensed by Markets in Financial Investments Directive (MiFID) and is a law which is established with safe practice benchmarks.

Summary

Investors from a wide range are catered for by ForexYard, a full regulared forex in Europe,  with currency pairs in a wide variety offered by Forex, this includes commodities and major pairs, crude oil, silver and gold leverage. At Forexyard.com not only can first time investors but also experienced investors will have access to real time charts, live quotes, analysis and news.

They have a free $100,000 demo account to practive forex before opening a real account, with free forex training sessions.

 

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