ForexYard is a trading name of Safecap Investments Ltd which is a financial services company that is located in Cyprus. It was founded in 2005 and is regulated by CySEC. It offers different trading services for its customers in different areas around the world regardless of their level of experience or trading size. It helps traders who are new to the Forex market to improve their trading skills and provides professional traders with all the advanced trading tools that are required for trading and maximizing profits.
ForexYard offers its customers FxTrader platform, MetaTrader4 MultiTerminal and MetaTrader4 platform Trading Terminal that provides them with different advanced trading tools and resources such as Expert Advisors(EAs), Multi Acount Manager application (MAM), chart pattern recognition software, trading from the charts, MT4 connect and MT4 Bespoke.
MT4 WebTrader which is a web-based platform that gives you the chance to trade at anytime and any place wherever it is as all what you need is just a computer which is connected to the internet without the need to download any trading software on your desktop.
ForexYard Mobile Trading which helps you to access your account and use your platform through your mobile phone for trading at any place whenever you want without being restricted to a specific device and place. This helps you to keep in touch with the latest changes about the financial market and to keep trading. Mobile trading platforms are compatible with iPhone, Android and Java.
ForexYard Institutional platform which is an ECN-based platform and is especially designed for traders who seek for real inter-bank Forex trading and the fast and accurate execution for trades. Through this platform, you can get the tightest variable spreads that range from 0.0 to 2 pips, it does not require any fees and the minimum deposit that is required to be able to trade on this platform is $50,000.
There are several types of accounts that are offered to meet different requirements for customers. There are Standard accounts, VIP accounts, Pro accounts and forex Managed accounts.
– Islamic accounts: They are offered to Muslims who want to trade Forex according to the Islamic law. The Islamic accounts are Swap-free accounts which means that there is no “Riba” which is prohibited by the Islamic law.
– Demo account: ForexYard presents to you a $100.000 demo account to start trading with virtual money and create a trading environment that simulates the real one. You can use the demo account to practice trading especially if you are a newbie trader, optimize your trading skills, test different strategies and try the services that are offered to you.
ForexYard offers fixed dealing spreads starting from 3 pips for EUR/USD and range from 3 to 5 pips on other major currency pairs and there are also variable spreads. The minimum deposit that is required for opening a new account with ForexYard is $100 and this is for the Standard account. The maximum leverage that is offered on Forex is up to 1:200 while metals and oil offer 1:100.
♦ Automated Trading
Mirror Trade is especially offered to those who want to automate their trading and mirror the profitable trading strategies of other successful traders. It is perfect for those who do not have enough experience to make decisions and trade on their own or because they do not have enough time to be wasted on tracking the changes in the Forex market to make the right decision. All what you need to do is to put your account on Cruise Control and choose the best and most profitable trading strategy from a wide range of strategies for professional traders. ForexYard offers different choices that allow you to make the right decision as there is Algorithmic Trading and API trading.
♦ Financial instruments & trading tools
ForexYard offers you different financial instruments that help you to choose what maximizes your profits. It presents commodities, CFDs, currency pairs, stocks, indices, precious metals such as silver and gold, crude oil and bonds.
It provides its customers with different trading tools and resources that are essential for trading on the Forex market such as live market updates throughout the day, charts, quotes, newsletter which provides you with the latest news through sending them directly to your e-mail, the Analyser for free trading signals, ForexYard Blog, market hours, Forex news center which presents USD daily news, EUR daily news, JPY daily news and commodity daily news, Autochartist, Forex calendar, ForexYard Squawk and video library.
♦ Learn trading
ForexYard improves the level of experience for its customers and shows them how to trade through offering different education materials and resources such as one-on-one trading session, personal account management, trading courses, Blog, guided tour, video tutorials, virtual tour, chart manual, Forex tutorial, glossary for Forex terms and technical analysis.
ForexYard is a trade name of Safecap Investments Ltd. It is a regulated company that is licensed by Cyprus Securities Exchange Commission (CySEC). It is licensed under the Market in Financial Instruments Directive (MiFID) and is authorized by the EEA. It is also registered with different regulatory authorities in different countries around the world such as FSA in UK, Banque de France in France, CONSOB in Italy, CNMV in Spain, AFM in Netherlands, BaFin in Germany, FI in Sweden, The Danish FSA in Denmark and FSB in South Africa.
It offers FX Trading Station which automatically closes out your positions when your equity falls below your margin requirement. No debits guaranteed as risking your money is limited to the amount of funds that you deposited into your account. The client funds are segregated from the funds f the company to be protected from being used by the company for resolving its financial problems or for any other purpose.
When you deposit $1,000 into your account, then you will get a 10% cash back for free. You can receive up to $1,000. You can also get a Free iPad, get the Refer a Friend bonus which is up to $100 for each friend you get to open a new account with ForexYard, Pro-Trader VIP Plan and Trade Like a Pro in which you get the needed information to become a professional trader through receiving one-on-one coaching, around the cock trading, Forex Squawk and MetaTrader4 expert advisors.
♦ Customer support
ForexYard offers you a 24-hour customer support that is available from Sunday to Friday. You can contact the support team through using your phone and e-mail or via Fax, call-back and live chat. There are several local phone numbers that are dedicated to supporting customers in different countries around the world to boost the level of the offered support and satisfy customers as much as possible.
It offers leverage up to 1:200 which is low if it is compared to other online Forex brokers.
♦ Overall rating
Forexyard offers its customers many trading services to allow them to trade professionally. It presents more than one trading platform, several accounts with different minimum deposits, multiple trading tools, education materials and resources for newbie traders and it also offers different promotions for encouraging customers to try trading with it.