Rating Index
Pros
Good customer service with personal account managers available to assist clients.
Competitive spreads and leverage options, with spreads around 1.2 pips and leverage up to 1:400.
Supports the MetaTrader 5 platform, offering advanced trading tools and features.
Cons
Lacks proper regulation, which raises concerns about the safety of client funds.
Only accepts bank wire transfers for deposits, limiting payment options for clients.
The company operates anonymously, making it difficult to verify its legitimacy and accountability.
YLDFX broker Accounts
YLD FX Account Type
YLD FX offers a Standard Account for trading, which has the following specifications:
- Minimum Deposit: $250
- Maximum Leverage: 1:400
- Spreads: Starting from 1.2 pips on major currency pairs.
- Registration: Visit the YLD FX website and fill out the registration form with your personal details.
- Verification: You may need to verify your identity, which could involve providing documents such as a government-issued ID and proof of address.
- Deposit Funds: After registration, you will be required to make a minimum deposit of $250 via bank wire transfer, which is the only payment method accepted by YLD FX.
- Start Trading: Once your account is funded, you can begin trading using the MetaTrader 5 platform provided by YLD FX.
The account provides access to over 30 currency pairs and CFDs on various indices, oil, and gold. However, it is important to note that YLD FX does not offer multiple account types, which limits options for traders seeking different trading conditions.
YLD FX Broker Account Opening Process
To open an account with YLD FX, follow these steps:
Please be aware that YLD FX is an unregulated broker, and traders should exercise caution when dealing with such firms.
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