ForexYard Broker Review

ForexYard is based in Nicosia, Cyprus. Cyprus is a member state of European Union (EU) with one of the highest financial industry standards. The company is established in the Forex industry since 2004.

ForexYard offers twenty-seven different currency pairs and also 3 commodities:  gold, silver and oil.  ForexYard offers very competitive fixed spreads.  You can choose between a web-based or downloaded trade platform. We really like this site because of the great customer service, flexible margin trading, and some additional features not offered at other retail brokers.

Forexyard gives its traders 1:200 leverage (meaning, a customer must have 0.5% of the value of their positions in their trading account in order to execute a trade.

Because of this leverage, customers at Forexyard aren’t required to have large amounts of capital in their accounts.As a matter of fact, Forexyard offers “SuperMini” accounts that can be funded with as little as $100.

Forexyard is currently offering a free trading course and risk-free “practice” account with $10,000 to those who are thinking about testing out the waters of the forex industry.

Worried about losing more money than what you originally put in? Don’t be - Forexyard automatically closes a transaction if you happen to slip into the negative on your account.

• Broker Info
• Advantages
• Disadvantages
• Bonus Code

Name: ForexYard

Established: 2004

Country: Nicosia, Cyprus

Platform: Download & Mobile.

Regulation: CySec

• Choice between several quality platforms
• Responsive customer support
• Multiple autotrading options
• Registration and deposit process are short and simple
• Cashback promotions for new clients, get up to $1,000

 
• Do not allow scalping trades
• Vague about withdrawing profits
• Trading on this platform is not intuitive
• No mt4 feed

A Special bonus code for our site visitors will be available soon.

Please check again in a few days!

Start Trading with ForexYard Now >>

ForexYard Trading Platform Screenshot

Bottom Line

ForexYard is an honest and reliable Forex broker that I highly recommend.

The registration process is relatively simple, excellent customer support (for both novice and experienced traders). No commissions are charged with low spreads (as low as 3 pips).
Using their proprietary platform and charts is fine for intraday or swing trading.