FOREXYARD brokerage company is a subsidiary of Safecap Investments Limited. It started to provide online trading services in 2005.
The company is registered and based in Cyprus. It has official representative offices in Germany, France, Sweden, Spain, Denmark and the Netherlands.
The number of the company customers has already exceeded 100 000 traders and investors from more than 80 countries. The broker is offering a great choice of trading tools, including:
- 42 currency pairs (10 exotic ones);
- Options and futures;
- Precious metals.
Deposits and Withdrawals
FOREXYARD customers have the following deposit/withdrawal options:
- Bank transfer (made within 1-2 banking days);
- Credit cards (1 banking day);
- PayPal, QIWI, Fast Wire Transfer, Skrill, WebMoney E-Wallets (1 banking day).
The broker charges no commission for money transfer. Customers pay charges for transfer of funds but those banks that are strategic partners of Safecap Investments Limited charge no commission from FOREXYARD clients. The list of such financial institutions is available on the company’s official website.
FOREXYARD is a regulated broker. It has licenses of the following regulatory agencies:
- FSA (the Financial Services Authority of the UK);
- CONSOB (the Italian Securities and Exchange Commission);
- BaFIN (the Federal Financial Supervisory Authority of Germany).
Cooperation with the above authoritative regulators proves the broker’s reliability and means the company pays great attention to its reputation.
Furthermore, the broker is remarkable for its high liquidity. Close partnership relations with the largest world banks and insurance companies allow FOREXYARD to provide its customers with comfortable trading conditions. Besides, being a market maker, the company provides liquidity to many European brokers.
The use of up-to-date banking and computer technologies ensures safety and security of operations. In particular, customer funds are held in segregated accounts separate from the company funds. With the use of various hedging programs, customers of the company can substantially reduce their risks and optimally diversify their assets.
Bonuses and Promotions
FOREXYARD is offering a referral program to its customers. Under the program the customer gets $100 USD bonus for each friend it refers to FOREXYARD. Once a friend opens an account and deposits funds, the customer will then be eligible to receive the bonus. Bonus money should be used in trading and can be withdrawn only after the client’s traded volume exceeds $100 000 USD.
Trading Accounts Types
FOREXYARD customers can trade on the following types of accounts:
|Account type||Minimum deposit ($)||Minimum traded volume (lot)||Spread type||Spread size, pips|
Leverage from 1:1 to 1:200 can be specified for all accounts.
Scalping and hedging is not allowed.
Trading Platforms Types
FOREXYARD offers a range of trading platforms suitable for the needs of all traders. These are as follows:
- MetaTrader 4 from MetaQuotes;
- FX-Trader (ActTrader) from ACT Forex;
- Leverate WebTrader from Leverate;
- FX-AUTOMATE (Mirror Trader) from Tradency;
- MetaTrader 4 Mobile from MetaQuotes.
Customer support center provides its services to customers and guests on 24/5 basis. Support services are available as follows:
- Call back;
- Live chat;
Support service team serves customers in 13 languages.
Pros of Trading with Forexyard
FOREXYARD is worthily ranking among the most reliable brokers of the world. The company’s diversity, its partnership relations with powerful financial and insurance companies allow the broker to rank at the top of Forex brokers.
Catering to the needs of its customers, the broker is highly popular among private investors as well as large investment and insurance companies. As already mentioned, the company serves many European brokers.
Regarding the scope and quality of services offered, the following points are worth special notice:
- Wide range of trading platforms and instruments;
- Accurate and fast order execution;
- Quick update of quotations;
- Multilingual and full-fledged customer support.
Unreasonably high spreads as for a market maker is the main company’s disadvantage.
Fxbuf: I’ve been working with the broker for 3 years. All is great. I won’t trouble you enumerating all services of the broker and telling how well they work. Everything is excellent. I want to thank the company for its work and recommend the broker to all those who doubt.
Cerril: Strong, reliable broker. I am very glad with it. The broker fulfilled all its obligations over half a year of our cooperation. I mean money withdrawals. Everything is clear and in time. What I liked from the very beginning is that verification took just 4 days. Given the level of the broker’s regulation, it’s incredibly quickly.
Combination of Cypriot registration and licenses of authoritative European regulators is, to put it mildly, uncommon for modern Forex brokers. Upon closer acquaintance with the company all doubts disappear and it becomes evident that FOREXYARD puts much effort to maintain its reputation.
The company staff is paying great attention to providing services of high quality and protecting customer assets.
Wide and tailored range of trading instruments along with diversity and multifunctionality of trading platforms allow traders to solve any even the most complicated task.