ForexYard Review – use three types of forex trading platforms at ForexYard forex broker

ForexYard Review – use three types of Forex trading platforms at ForexYard Forex broker
ForexYard has been in business for quite some time now, and it is regulated by CySEC.
The company is working hard on improving its services.
Pros and Cons
Pros:
• Personal automated trading system.
• Execution is very fast.
• Balance protection is negative.
Cons:
• Customer support service could be improved.
Features
1. Leverage: The leverage provided by the ForexYard is 200:1. It is provided on the standard and mini account. In mini account, 1 lot = 1,000 units of currency, while on the standard account, 1 lot = 10,000 units. The leverage can be increased upon negotiation.
2. Commission: Commission is not charged for the standard and the mini accounts. However, for the institutional platform, the commission is $4.
3. Support: Support is available for the 24/5 trading week in more than 15 languages.
4. Withdrawal and Deposit: Withdrawal and deposit can be made through bank transfer, credit cards, and Western Union. The minimum deposit limit is $100.
5. Spread: For the standard and mini account, the spread is low as 3 pips.
6. Account Type: There are various types of accounts that are provided by ForexYard. The details are as follows:
Mini: Minimum deposit= $100 and Maximum deposit= $1,000.
Leverage is 200:1.
No commission charged.
Lot size is maintained to 10,000.
Standard Account: Minimum deposit= $1,000.
Leverage is 200:1.
Commission is $4 per lot.
Lot size is 100,000.
Spread is maintained to 0-2 pips.
Institutional Account: Minimum deposit= $50,000.
Leverage is 30:1.
Commission is $4 per lot.
Lot size is 100,000.
Spread is maintained between 0-2 pips.
FX-Automate Account: Minimum deposit= $2,000.
Leverage is= 200:1
There is no commission.
Lot size is maintained for 10,000 units.
7. Trading Platform: ForexYard offers over three types of trading platforms: MT4 and ACT, Web based and Mobile trading, and ENC based institutional account.
8. Demo account: Demo Account is available for practice purposes.
9. Currency Pairs: More than 34 currency pairs are available.
10. Execution: Execution is very fast.
11. Citizenship: Apart from USA and Israel, rest of the world is welcome.
Conclusion: The performance and services of ForexYard are continuously improving since being acquired by SafeCap. The platform is regulated by CySEC. Overall, it is a good place for traders.

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