Regulation CySEC , MiFID
Accepts US Clients: No
Min. Deposit: $100
Leverage: 200:1
Platforms: ActForex , MetaTrader4

Broker Overview

Company Information

Broker’s Name ForexYard
Website www.forexyard.com
Headquartered in Nicosia, Cyprus
Founded in 2006
Regulating Authority CySEC, MiFID
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 44 808 2346341
Fax Number 1 646 514 2310
E-mail Address support@forexyard.com

Account Options

Type of Broker Dealing Desk
Commission Yes
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 200:1
Minimum Deposit $100
Deposit Options Bank Wire Transfer , Credit Card , Moneybookers
Withdrawal Options Bank Wire Transfer , Credit Card , Moneybookers

Bonus & Rewards

No Deposit Bonus ForexTradingTime.com_ Forex Brokers List & Reviews
Bonus for First Deposit  ForexTradingTime.com_ Forex Brokers List & Reviews
Is the Bonus Based on the Volume of the Transaction? ForexTradingTime.com_ Forex Brokers List & Reviews
Other Bonuses ForexTradingTime.com_ Forex Brokers List & Reviews

Trading Platform

Platform Type ActForex, MetaTrader4
Platform Languages English, Italian, Spanish, German, Russian, Portuguese, Turkish, Dutch, Arabic, Polish, Finnish, Swedish
OS Compatibility Windows
Streaming News Feed Yes
Trading Signals Yes
Automated Trading Yes
Trade From Charts Yes
Market Commentary Yes
E-mail Alerts Yes
Mobile Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Scalping Yes
Hedging Yes
Trailing Stops Yes
Guaranteed Stop Loss  Yes
Guaranteed Limit Orders Yes
Guaranteed Fills ForexTradingTime.com_ Forex Brokers List & Reviews
Interest on Margin Yes
One-Click Execution Yes
OCO Orders Yes

Customer Service

Customer Support Languages English, Italian, Spanish, German, Russian, French, Portuguese, Turkish, Dutch, Arabic, Polish, Finnish, Swedish, Multi-lingual
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

ForexYard - Review

Impression

ForexYard is a well-rounded dealer that offers many markets for traders to take advantage of the world’s markets. The firm is well-known and regulated in the EU in several countries, meaning that you can trust the validity of the company.

Platform

ForexYard uses the well-known MetaTrader4 and ACT platform as wellas a proprietary platform called FX-Trader. They also offer FX-Webtrader and an Automated platform called FX-Automate, and Mobile versions of them.

Customer Service

ForexYard offers phone support with several European-based numbers as well as a few other countries outside of the EU. The customer service personnel is also available via call-back, email, and are available 24 hours a day during the Forex sessions.

Reliability

ForexYard is a very reliable dealer that also offers many other markets as well. The sheer volume of transactions that the dealer gets and transacts every month shows the reliability of the well-known broker. The platform (MetaTrader4) is one of the most common platforms, and transacts over 85% of daily FX trades, so you know it is reliable.

Commissions and Spreads

ForexYard has fixed spreads, allowing traders to know the cost of placing an order ahead of time. The broker is also good for trading news-related events because of this. The CFD and commodities trading has floating spreads, but you will find that they are extremely tight.

Promotions

ForexYard offers no promotions at the time of this writing.

Conclusion

ForexYard is a great all-around dealer in the Forex, Commodities, and CFD markets. The ability to trade so many instruments allows for traders to take advantage of many of the world’s financial markets. Because of the MT4 platform, you can trust the trading software as well.

Pros:

  • Variable or fixed spreads depending on the market traded. This keeps the spread tight, which is one of your biggest expenses as a trader, which allows you to also profit from tight fixed spreads as well – if they choose to news trade.
  • Forex, Commodities, and CFDs are available for trading – this allows you to take advantage of the correlations between the various world’s markets.
  • The MetaTrader platform is well-known and reliable. It has been being used for years, and is very stable. ACT is also available and well-known too.
  • Accounts can be started with as little as $100.
  • The deposit process is simple and quick, as you can use Moneybookers, bank transfer, Diner’s Club, Credit Card as well as Maestro to fund your account. Withdraw can be done in reverse.

 

Cons:

  • Americans are not accepted.

 

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