Forexyard Review

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Company Overview

ForexYard, located in Cyprus, is said to be one of the leading forex brokers in the money market since 2004 and is regulated and licensed by CySec (the Cyprus Securities and Exchange Commission). It deals in currency, bitcoin, CFDs, stocks, gold and crude oil. Since its formation, it works with experts and specialists of the foreign market to become the chief and successful online broker working in today’s business sector.

Trading Platform

Trading platforms offered by ForexYard include the most notable MetaTrader 4, FX Trader (ACT), and more. The MT4 platform includes enthralling features, some of which are chart dealing functionalities, chart pattern acknowledgment, live forex analysis, signal providers, and trading consoles. The FX Trader is a platform fit for amateur traders and also contains advanced tools that are needed by professionals.

It offers two basic accounts: a real account for trading experts and a practice account for beginners. The account can be created with a minimum deposit of 100 USD. Spreads are slightly higher with three pips on USD/EUR. For other currencies, it ranges from 3 or above pips. Leverage is up to 200:1 and the size of 1 lot is 100,000, whereas minimum lot size is 0.01. For trading instruments, traders must open a standard account. Spreads on crude oil, gold and silver are as low as 0.5 to 0.7 USD and leverage is as far as 100:1. Minimum lot size of the trading instrument is 0.01, whereas the size of 1 lot for crude oil is 1000, for gold is 100, and for silver is 10,000.

It also offers a super mini account for traders who don’t have much money yet want to get on with trading. Also, Muslim traders can go for a swap free Islamic account offered by ForexYard. VIP and managed accounts are also available. Also, there are many different combinations of spread and the size of 1 lot, leverage and other information needed for trading in stocks, commodities, indices, and bonds are mentioned in detail on ForexYard’s official website.

ForexYard allows a variety of deposit and withdrawal options, including credit cards, wire transfer, MoneyBookers, Visa, MasterCard and much more.

Features

  • Multi-lingual customer support system
  • Availability of multiple platforms
  • Availability of mobile trading
  • Training courses are free of cost

Customer Service

Customer service is available during the forex session, which is from Sunday 5 p.m. EST through Friday 4 p.m. EST for 24 hours a day through a phone call, e-mail, fax, live chat and callback system. ForexYard has a UK toll free number and several local numbers for different regions. Its customer support languages include English, Swedish, Arabic, Italian, Finnish, and many more, whereas its website is available in English, Arabic and Czech.

Conclusion

ForexYard is a renowned forex broker present in the financial market yet not the best. It is a bit expensive as it is offering large spreads and leverage of 200:1, which is lower as compared to other forex brokers who normally provide a leverage of 500:1. If traders want a quality dealer, ForexYard is a good choice. Its website also contains loads of educational courses for amateurs as well as professionals, and it helps traders by giving free coaching.

Office website: https://forexyard.com/

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