Forex Yard Review

By mosesbet · Filed Under Forex Brokers Comments Off on Forex Yard Review 

ForexYard is one of the most popular forex brokers in the industry. Based in Cyprus, it was designed and launched in 2004 by specialists from financial, internet and forex sectors to cater to the needs of traders across the globe. As the platform designers firmly believed that the key to profitable forex trade lies in education, the site offers comprehensive learning tools and programs. The educational programs and tools offered by ForexYard are useful for both beginners as well as experienced traders.

Forex Yard was the first forex broker to offer mobile trading to its customers.  You can read more about the Forex Yard mobile trading apps here.

Fixed spreads offered by ForexYard are very competitive. The platform enables you to trade not only in 27 currency pairs, but also in commodities like CFDs, stock indices, oil, silver, gold and platinum, all in a single account. If you are in search of a forex broker that is easy to use, offers protection against negative balance and price freeze, and provides excellent customer support and extensive learning tools, ForexYard is one of your best options.

ForexYard Website

The site is clean, simple and easy to navigate, but not lacking in information. A click on the relevant icon will lead you to the desired information. The site also offers guided tour to get you familiarized. You can choose the type account and platform you would like to use. The site also offers a helpful newsletter, an analyzer, which displays free trading signals, a blog and also a very convenient live chat option. The platform can either be downloaded or used online. You also have a number of options to enable automatic trading. You do not need to wait for the prices to reach desired levels. Based on your strategy, you can decide the point at which you wish to make a purchase or sale and enable automatic trading.

Super Mini and Standard Accounts

ForexYard enables you to trade with investment as low as $100 with their super mini accounts. This is a great way to learn the ropes for beginners. In order to trade commodities like oil, silver, gold or platinum, you need a standard size (more than $1000) account. Having a standard size account has many advantages. Apart from the liberty to trade commodities, clients having standard account get benefits like not having to pay any fee on withdrawals. Super mini account clients have to pay a fee of $25 on every withdrawal. Withdrawals can either be made through credit card or bank wire. Processing time can vary taking a minimum of three days.

Great Features for both Beginners and Experienced Traders

Both beginners and experienced traders desire easy of trading and ForexYard offers this. The educational programs and tools offered by the site are extremely useful for beginners. Even longtime traders can use them to brush up their skills. In spite of being simple and easy to use, the site offers a number of advanced features, which will interest experienced traders. In case of certain brokers the prices may change without your knowledge, which can mean that you end up earning less, but ForexYard ensures that you pay only the price you see.

Another common fear faced by forex traders is making a bad decision and having to pay back a big negative balance to the broker. But ForexYard helps you manage your funds with its ‘final stop orders’ so that you do not end up losing excessively on any trade. The platform also guarantees no price freezes so that you can act immediately when you stop a great opportunity.

Customer Support

Helpful and prompt customer support an important criterion for choosing a trading platform. ForexYard has a team of experienced traders who can be reached at any time of day or night. You have the option of getting in touch with ForexYard customer care representatives through email, telephone or live chat. For immediate response live chat is most convenient. Emails are also answered promptly within a day.

Apart from all other benefits, the platform also offers attractive bonus for new traders. Overall the easy to use interface, various tools and features, many options with regards to size of account, trading and deposit/withdrawal, and excellent customer support make ForexYard a great option for beginners as well as experienced traders.

 

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