Forex Yard Review
ForexYard is a brokerage firm that is located in Cyprus and is regulated by CySec under the license 092/08. The accounts available with this brokerage firm include demo, standard, mini, institutional and FX-Automate. Initial deposits for these accounts start at $100 for mini, $1,000 for standard, Institutional has a deposit of $50,000 and FX-Automate has a $2,000 minimum deposit. The lot sizes for these accounts are 1,000 for mini, 10,000 for standard, 100,000 for institutional and 10,000 for FX-Automate. Leverages include 200:1 for mini, standard and FX-Automate. Leverage for institutional is 30:1. Options will include gold, silver and oil trading for the standard account.
For deposits, you have different options to make your deposit such as credit cards like Diners Club, Maestro, Visa and MasterCard. You can use bank transfers and even Moneybookers to fund your account also. The trading platform of choice is the ever popular MT4. If you are new to the Forex market, there are several options for training such as a blog, glossary, technical analysis, chart manuals, live and virtual tours, Forex tutorial, Forex VS Equities and much more. When it comes to tools that are available for traders to use, you have hit the jackpot.
Among these tools includes the market hours of operation, news and advice daily about the Forex market, news on the dollar, euro and yen as well as commodities news, videos and a Forex calendar all complete the tools section of ForexYard. The Analyzer will give you free trading signals, while charting is also included. You also have several different ways of connecting with someone here if there happens to be a problem. You can use live chat, phone or email as well as requesting a call back from the customer support system here at ForexYard.
You have at least 12 local numbers to call to get support. At present time, American traders cannot use ForexYard due to restrictions. You can also keep in touch with them via social media site Twitter, LinkedIn, YouTube and FaceBook. The trading hours for this broker start from Sunday evening at 5 PM ET and continue 24 hours a day until Friday afternoon at 4 PM ET. So there are plenty of hours to trade in the Forex market given the market does not close at all. This brokerage firm is regulated by no less than 8 different authorities and these are the FSA, IF, BaFin, AFM, CNMV, CONSOB, Banque de France and FSA Denmark.