ForexYard is a Forex broker, which has a dealing desk brokerage available to receive your orders. ForexYard is based in Cyprus and was founded in 2004. Gold, silver and oil are the three commodities on offer. In addition, twenty-seven different sets of currency are available and they offer competitive spreads, which are fixed. This broker is highly recommended for beginner traders as well as experienced Forex market traders. Their customer service is excellent; in addition, they offer trading with a variable margin, a web-based or download trade option along with various other appealing features that other brokers do not offer.
It is very simple to open a demo or live account, the website of ForexYard is very easy to navigate around and instructions are clearly explained. All well-known credit cards are accepted, electronic bank transfers can be used to deposit money into a live account. Western money Transfers are also available. When you start to trade live, deposits made via credit card will go through immediately, however electronic bank transfers can take three days to clear. A free course on ‘how to trade’ is available when you register; it is actually reasonably good and deals with all the starting points of trading with Forex. In addition ForexYard also offers diverse tutorials, which are nicely written. These are used for trading platforms and the explanation of various common technical indicators. 
You can have a live account with ForexYard for as little as $100. A super mini account (this is for amounts less than $1000) is available, in addition, they offer a standard account. Trading gold, silver or oil is only available with a standard account. For a beginner trader the super-mini account is perfect, a minimum amount can be risked and the trader will get a good feel of trading live. Furthermore, for a standard account no fees are attached, however with the small trade account this costs $25 per withdrawal.
To withdraw money from the account, the trader will need to fill in a form and fax it through along with a form of identification. You can withdraw by having the amount sent straight to the credit card from which the deposit initially came from; alternatively, you can withdraw via wire bank transfer. Processing time can vary: on the website it states that ‘withdrawals will take a minimum of three days’, however there is no maximum period given. ForexYard has very strict guidelines on trade scalping.
The trade platform of ForexYard is customizable and very simple to use. Getting started is easy with help from the website tutorials and if you look on the platform there is a help department. ForexYard do not have any feed on offer for MetaTrader or charts through esignal. However, you can trade with their main platform and charts and this is acceptable for intraday or short-term stocks. All the normal order sorts are available, trailing stop orders are included.
The customer service of ForexYard is excellent. They are available for contact via email, telephone, or you can even chat to them live on their website. Email response can take longer than the online chat, the online chat responds immediately, whereas email could take one day.
| Deposit options | Neteller, Creditcard, Bank transfer and Paypal. |
| Free demo accounts | Yes, unlimited practise money. |
| Bonus for new clients | Deposit $1000 and get $100 free, or receive $50 to $300 cashback. |
| The spreads | Two pipes for the most currencies. |
| Minimum deposit | $100 is the minimum. |
| Maximal leverage | 400:1 |
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