#3 ForexYard Review
In case you passed on Easy Forex and eToro, chances are that you are an experienced broker looking for a highly advanced trading platform. Forex Yard tops the charts when it comes to trading at expert’s level. Though you may get started with a minimum deposit of $100, professional account with a minimum deposit of $1000 is highly recommended for experienced traders. Easy-to-use platform, competitive spreads and leverage, loss protection features, all make Forex Yard a great pick for advanced forex trading.
Overall User Rating: 9/10
Established |
2004 |
Platform |
Online/ Downloadable |
Regulated by |
N/A |
Minimum Deposit |
$100 (Professional account recommended - $1000) |
Difficulty Level |
Not very difficult |
Primary Liquidity Providers |
Unknown |
Demo Account |
Yes |
Customer Support |
24 hour support available via live chat, telephone and email. Live chat and telephone ensures a prompt and highly professional customer support, however contact via email is usually replied within 24 hours. |
Spread Value |
Competitive fixed spreads. Primary currencies are usually 3-5 pips. |
Leverage |
200:1 |
Payment Modes |
Major credit cards, Western Union Money Transfers, and Wire transfers |
Scalping |
Not allowed |
Loss Protection |
No negative balance allowed – So, if your account balance reaches zero, all your trades will be automatically closed and you need not worry about payment of any debts. |
Pros:
- Forex and market analysis report available every day from forex experts
- Multiple trading commodities, including crude oil, silver, gold, as well as CFDs and stock indices
- Quick account withdrawals and great customer support
- Low minimum deposit; New clients also get a cash back bonus
Cons:
- No Scalping