ForexYard Review

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Overview

The leading forex brokerage company – ForexYard, was founded in 2004, and started to offer online services one year after establishment. ForexYard provides a bunch of investing services form forex trading to commodities. The broker provides its clients with superior order execution

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Details

Broker ForexYard
Website URL www.forexyard.com
Founded 2004
Headquarters Nicosia, Cyprus
Support Number 44 808 2346341
Support Types support@forexyard.com
Languages English, French, Spanish, German, Russian, Italian, Arabic, Turkish, Portuguese, Polish, Dutch, Swedish, Finnish
Trading Platform MetaTrader4, ActForex
Minimum 1st Deposit $100
Minimum Trade Amount 0.01 lots
Bonus Get Up to $1000 Bonus
Leverage 1:100
Spread Fixed, 3 pips
Free Demo Account Yes
Regulated Yes
Regulation CySEC, MiFID
Account Types minimum deposit: $100 minimum lot: 10k maximum leverage: 1:200
Deposit Methods Credit Cards, MoneyBookers, Wire Transfer
Withdrawal Methods Credit Cards, MoneyBookers, Wire Transfer
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 3.4

Screenshots

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Full Review

The leading forex brokerage company – ForexYard, was founded in 2004, and started to offer online services one year after establishment.  ForexYard provides a bunch of investing services form forex trading to commodities. The broker provides its clients with superior order execution, advanced reporting and analytical tools.

 

Traders may find ForexYard’s website easy to navigate and straightforward. The broker accepts all major credit cards and bank wire transfers aong with Western Union transfers, if you chose a credit card method you need to know that it would take 3 days to finalize.

 

ForexYard provides a free demo for those who want to learn first how to trade. The broker provides a forex course and as well good quality tutorials for their trading platform and for technical analysis and technical indicators.

 

Traders can choose a standard account which requires a minimum deposit of $1000 or mini which is below $1000. If you want to trade commodities then you need a standard account.Deposits can be made safely to several reputable banks including RBS UK, Barclays UK and National Bank of Dubai. The mini account is best suitable for those who want to feel a real account trading. We need to say that there is no withdraw fees on standard account. In order to withdraw money you need to fill a form and faxed it with your account details.

 

Trading Platform

 

Traders can choose between several trading platforms and of course the MetaTrader 4 and web base trading platforms. ForexYards, provides a detailed and guided tours and virtual tours of its platform. The broker’s own platform is FX trader – this trading platform is easy to use and can be good for newbies.

 

Reliability

 

This is one of the well-know forex broker you need just to see the sheer volume of monthly transactions and the main flow over 85% is passing by MetaTrader 4 trading platform.

 

Commission and spread

 

The broker has fixed spread on all pairs this is great for planning and placing future orders. The CFD and commodities have a variable spreads but they are small and extremely tights. The spread is changing when there is highly intensive news related to trading.

 

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