June 05, 2020

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forexyard review


Reviewed broker: Forexyard

The broker is down.

Forexyard was purchased by SafeCap Investments in 2011.  In 2015 Cysec has fined Safecap Investments Ltd €168,000. Currently the broker is operating under Leadcapital Markets Ltd., regulated by CySEC since 2014. Along forexyard, the following domains are listed under the same company – finexo.com, trade.com, cosmos.trade.com. The broker claims to be regulated by FSA Saechelles on it's website, which is not true.

Established in 2004

Regulation: CySEC

Location: Cyprus

Trading Platform Features of Forexyard

Account types: live

Demo account: yes

One click execution: yes

Currency pairs: 55

Maximum leverage: 1:300

Trading platforms: Metatrader 4, Sirix Webtrader

Social trading: yes

Spread types and average spreads on major currency pairs are not listed on the broker's website. There is no information about trading conditions at all. We advise extreme cation dealing with this broker.

Payment methods within the broker

Payment methods: fasapay, Skrill, Neteller, credit cards

Minimum deposit requirement is $1,000 which is a ridiculous request from a broker of this sort and reputation. Honestly, just pick up any well-regulated broker with decent features and minimum deposit of $100 and you will have proper trading experience, instead of trying your luck with this one. Don't tell we didn't warn you!

Customer Service

Online chat: available

Email support: yes

Phone representatives: yes

Educational Material and Promotions

Education: Beginners Course, Forex ebook, Trading Tools, Trading Strategies, MT4 Tutorials, Economic calendar. There is no daily market analysis.

Promotion: at the time of our Forexyard Review the broker didn't offer any promotional offers.

How was the rating of Forexyard performed compared to other brokers? 

This 2019 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Forexyard FX broker performance and features. 

Overall our online Forexyard review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Forexyard or you find inaccurate details Forexyard broker review please get in touch with us and the changes will be applied.