ForexYard Review

 

Headquartered in Cyprus, ForexYard was established in 2004 and it has been offering excellent services to both retail and professional traders since then. The firm makes service the central piece of its strategy. While other brokers offer you spreads, pairs and quotes, ForexYard aims to create a service, and to help its customers learn currency trading through a mentoring relationship provided by its experienced and knowledgeable support staff.

Account Types

ForexYard offers a standard account, with a minimum deposit of $1000 and a SuperMini account with a required deposit of $100, with maximum leverage of 200:1. The standard account is offered to professional and experienced traders who prefer to utilize their skills in a clean and uncluttered environment. The SuperMini account option offers a gentler and more patient approach to trading, with risk controls implemented in a more rigorous way to ensure that the trader doesn’t find himself sinking in the sea of unknown during his first steps into the world of forex.
While $1000 is the bare minimum, ForexYard advises clients to begin with $2000 in order to ensure high survivability against market volatility.
Apart from currencies, it is also possible to trade silver, gold and oil with ForexYard.

Beginner Support

Support is the area where ForexYard excels. The firm has a highly-qualified support staff who offer different packages in accordance with the needs and expectations of different customers. For knowledgeable traders who still desire to hear the guiding voice of a professional during their trading decisions and also for all kinds of traders who seek a mentoring relationship with an expert, ForexYard offers the Forex VIP Services package, where the trader has a one-on-one relationship with an experienced trader. The Forex VIP Services package is like a classroom where you are taught on an individual basis.
In addition, during the trading days, the support staff is available 24 hours a day to answer calls and offer guidance on beginner’s questions. Demo accounts and all the standard training tools of a modern forex broker are also available.

Account Deposits

ForexYard facilitates all deposits and withdrawals smoothly. The firm believes that traders should trade, with every other aspect of working with a broker minimized as much as possible. Deposits and withdrawals proceed swiftly and in the case of credit card deposits the account is credited immediately.

Trading Platform

ForexYard’s trading platform, the WinTrader, comes in both web-based and downloadable versions. Both versions perform the same functions and possess the same advantages of simplicity, ease of use and high customizability. To reduce the amount unnecessary complexity, WinTrader offers a basic technical analysis package which includes ten of the most important indicators.
The WinTrader platform is supported by extensive documentation and tutorials on the website. The support team is also available for any question that may arise as you learn how to use the platform.

Security and Privacy

ForexYard implements the industry standard SSL (secure socket layer) technology for protecting the privacy and account safety of clients. In addition, complete automation of the trading process ensures that the possibility of any unauthorized access to client accounts and illegal temperance with orders by third parties is minimized if not eliminated altogether.
Since its foundation in 2004, ForexYard has maintained a good reputation with both clients and regulators. As a firm that works with many customers in different nations, ForexYard is a reliable, reputable and respected forex broker.

Advantages of Trading with ForexYard

There are a number of unique aspects of trading with ForexYard. The trading software is user-friendly and easy to learn. The interface is simple and informative, while the abundance of online documentation ensures that all your questions can be answered with speed and detail. In addition, the exceptionally competent and effective support team work hard to make sure that all of your questions are answered as soon as possible and all your expectations are fulfilled in the most satisfying manner. Since the support team includes many individuals with real trading experience and good understanding of market mechanisms, the beginner acquires a great advantage simply by being a client of ForexYard during the learning process.

Conclusion

ForexYard aims to provide both the experienced and novice trader an exceptional experience of online currency trading. While most other firms concentrate on the technical aspect of trading, ForexYard makes the greatest effort to ensure that it is offering the best service available in the forex brokerage industry. By combining these aspects of trading (training, support and technical prowess), ForexYard seeks to create a whole new paradigm of online forex brokerage business.
The beginner will benefit from the calm and uncluttered interface of the trading platform, low leverage and minimum deposit requirements, not to mention the excellent support services we discussed before. The experienced trader will find a profit multiplier in the experience and expertise offered by the firm’s seasoned advisers with whom he can cooperate through the Forex VIP service. In short, whoever you are and whatever your background may be, you will gain an valuable friend and reliable companion by becoming a customer of ForexYard.