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Forex Broker Rating

Yadix

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Yadix

Information about the broker Yadix

Rating: 0
Jurisdiction: Seychelles
Regulators: SFSA
Foundation date: 2010

Brief informationYadix

The broker presents itself as an experienced company operating since 2010. It welcomes both manual trading and the use of advisers.

The FSA license number is prominently placed for someone to respectfully whistle: this is like one of the best world regulators - the British one!

But the first impression is deceptive, and, apparently, that is what the broker counts on. First of all, there is FCA in the UK. Second of all, let's get a little deeper: we are talking about the Seychelles Financial Services Authority.

The name of this island offshore regulator is generally correct to abbraviate to SFSA. But if one letter is successfully forgotten, you look, and the association with the highly reliable mastodon from UK will work. So Yadix got or, more precisely, bought its license in the Seychelles.

The document is real, but not useful for traders. And it goes wrong, with an attempt to mislead. It`s not good.

Tools:

  • Forex
  • Indices
  • Raw materials.

4 types of accounts

Trading on each is conducted through MetaTrader 4 and mobile versions.

Classic account - is universal, suitable for beginners and experienced traders:

  • Rereads from 0
  • Maximum leverage 1:200
  • Deposit from 10 000 $
  • commission: about $ 3.5 per lot.

«Scalper» Account - is for using trading strategies and scalping:

  • spread from 0 pips
  • leverage up to 1: 500
  • minimum deposit is 500 $
  • commission: 10 $ per lot

“Rebate” account - the refunds are provided for each whole traded lot:

  • minimum spread from 1 pip.
  • leverage up to 1: 500
  • deposit from $ 100 for opening
  • commission: 10 € or $ per lot.

"Pro" Account - ECN professional level trading:

  • spread from 0 pips
  • Maximum leverage 1:200
  • replenishment from $ 10,000
  • commission: 3.5 € or $ per lot.

Deposit ways

There are bank and debit cards, transfers, a wide range of payment systems and wallets including local ones such as Yandex.Money.

Ways of withdrawal

The same ones that were used for deposit. Requests are processed in 24 hours. There is no minimum threshold amount.

The broker does not charge for replenishment or withdrawal, but warns of possible commissions of the selected payment services.

Technical support

It is conducted in 5 languages, including Russian and English through the following channels:

  • On-line chat
  • E-mails
  • Skype
  • telephones.

The contacts section shows the numbers of several departments and their work schedule with time zones. All communication is remote, no one invites to the office and does not publish the addresses.

Conclusions about Yadix

As for advantages, the broker has got the experience since 2010 and confirmation of real trading.

As for disadvantages, a very bad regulation, which the very broker is embarrassed by, diligently avoiding mentioning the Seychelles in the abbreviation of the regulator. We put an honest «three» or «C».


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