A minimum initial investment of $250 is the norm for the forex market However, the issue is that with that amount you won’t have the best trading conditions. A spread set at 3 pip for the EUR/USD pair is way too high. The majority of Fixed-spread brokerages offer spreads of 2 pip for this pair.
For comparison, with the initial cost of just $100 one can trade with spreads that average 0.5 percent on EUR/USD, and a commissions at $7 per transaction (round around) through FxChoice. For additional information and comparison, look up live spreads from fifteen top brokers here..
YFX Capital offers trading in more than 45 currencies, and also a wide range of CFDs using the market’s Standard MetaTrader 4 platform. It appears that the broker is market maker and offers generally fixed spreads and has no STPor ECN trading environment.
The brand is owned and operated under the control of T.W capital LTD A company that is registered in the Marshall Islands. Brokers operating in the Marshall Islands are not under any regulatory oversight and you should know the dangers associated when you invest in offshore businesses. Furthermore is that the Spanish regulator, the Comision Nacional del Mercado de Valores (CNMV) has been warned the public that YFX Capital is not authorized to offer investment services within the country.
We typically recommend traders stay clear of offshore brokers and choose companies that are that are regulated by trustworthy authorities like Cyprus CySEC or Australia’s ASIC.
Trading Platforms
Like many brokerages, YFX Capital supports MetaTrader 4 (MT4), available on the web, desktop versions, and mobile apps.
While there are newer and better trade platforms available, MT4 has stood the tests of time. In addition to its reliability, MT4 is simple to use and comes with a range of helpful trading tools. For instance an array of indicators for technical analysis, and new custom-designed ones are frequently added to the broker’s independently MQL marketplace. In addition, MT4 can support a variety of orders such as hedging, automated strategies (EAs) and APIs from third parties.
YFX Capital’s desktop MT4. Click to expand.
Methods of Payment
YFX Capital offers its clients only credit/debit cards, along with bank wire transfer payment options. E-wallets that are popular, such as Skrill or Neteller are not accepted.
Conclusion
YFX Capital is an offshore broker, and is a market maker, offering online trading in CFDs, forex and other instruments via the MT4 platform, which is widely used. Although its product range is vast, the spreads are high. To take the previous points into consideration:
YFX Capital Summary | |
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YFX Capital Details | Information |
Regulators | |
Country | |
Base Currencies | USD, EUR |
Type Of Brokers | ECN, STP |
Trading Platform | Mobile, MT4 |
Established Year | 2018 |
Website Language | English |
US Clients |
YFX Capital Spreads | |
---|---|
Option | Information |
Minimum Spreads | 0.3 |
Commission | |
Fixed Spreads |
YFX Capital Payment & Withdrawal Option | |
---|---|
Option | Information |
Acc Funding Methods | |
Acc Withdrawal Methods |
YFX Capital Suitable For | |
---|---|
Option | Information |
Publicly Traded | |
Beginners | |
Day Trading | |
Weekly Trading | |
Professionals | |
Swing Trading |
YFX Capital Trading Account Options | |
---|---|
Option | Information |
Maximum Leverage | 1:400 |
Mini Account | |
VIP Accounts | |
Segregated Accounts | |
Free Demo Accounts | |
Managed Accounts | |
Pro Account | |
Minimum Deposit | $2500 |
Islamic Account |
YFX Capital Trading Services | |
---|---|
Option | Information |
Hedging | |
News Trading | |
Scalping | |
Automated Trading | |
Indices | |
Commodities | |
Forex instruments | |
CFDs | |
ETFs | |
Stocks | |
Bonds | |
Cryptocurrencey | |
Trading Signals | |
Educational Service | |
Copy Tradings |
YFX Capital Contact & Support | |
---|---|
Option | Information |
Telephone No | +442080684238 |
support@yfxcapital.com | |
24 Hours Support | |
Support During Weekends | |
Address | Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 |