YFX Capital Review

Country : Marshall Islands

Max. Leverage : 1:400

Demo account :

Foundation : 2018

Min. Deposit : $2500

US Clients :

YFX Capital offers several account kinds, that basically provide commission-free trading using MetaTrader 4. MetaTrader 4 platform, which has Fixed spreads as well as high level of leverage. To be able to utilize different spreads, you have to put down at least $2500.

YFX Capital Advandage and Disadvandage

Advandage
  • MT4 available
  • Extensive product portfolio
Disadvandage
  • Not regulated
  • High fixed spreads
  • Market maker model
  • Limited payment methods

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
YFX Capital Details Information
Regulators
Country Marshall Islands
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 Skrill, Perfect Money
Acc Withdrawal Methods Skrill, Perfect Money
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
Email support@yfxcapital.com
24 Hours Support
Support During Weekends
Address Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960

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