YForex Forex Broker

YForex Review Summary Founded2004-02-15 Registered Country/RegionSaint Vincent and the Grenadines RegulationUnregulated Market InstrumentsForex/Commodities/Indices Demo Account✅ LeverageUp to 1:500 SpreadFrom 0.0 pips(on EURUSD) Trading PlatformMT4(Windows/Macintosh OS/iOS/Android) Min Deposit$0 Customer SupportPhone: +44 33 0808 3344/+44 56 0002 2965 Email: info@yforex.comsupport.yforex 24/5 live supportYForex Information YForex is an FX broker but not exclusively for all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training, and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments with a maximum leverage of 1:500. The broker also provides Islamic and demo accounts. The minimum spread is from 0.0 pips on EURUSD and the minimum deposit is $0. YForex is still risky due to its unregulated status.Pros and Cons Pros Cons 24/5 live supportUnregulated Spread as low as 0.0 pipsNo 24/7 customer support Leverage up to 1:500No more fee information MT4 available Demo account available 35% bonus rebatesIs YForex Legit? YForex is not regulated, making it less safe than regulated brokers.What Can I Trade on YForex? YForex offers various market instruments, including forex, indices, and commodities. Tradable Instruments Supported Forex✔ Commodities✔ Indices✔ Cryptocurrencies❌ Precious Metals❌ Shares❌ ETFs❌ Bonds❌ Mutual Funds❌Account Type YForex has 5 live account types with different opening conditions: Regular, STP, Interbank, VIP, and Islamic. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a regular or Islamic account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. Account Type RegularSTPInterbankVIPIslamic Minimum deposit$0(-$200)$201$1000$5000$0 Spreads from0.9 pips(on EURUSD)0.9 pips(on EURUSD)0 pips(on EURUSD)0 pips(on EURUSD)0.7 pip CommissionNoneNone$3.5 per lot$2.5 per lotNone Leverage1:5001:3001:2001:501:200 Margin call5050502050 Stop Out1020202020YForex Fees The spread is as low as 0 pip, the commission is from 0. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.Trading Platform YForex cooperates with the authoritative MT4 trading platform available in Windows, Macintosh OS, iOS, and Android. MT4 not only provides various trading strategies but also implements EA systems. Trading PlatformSupported Available Devices MT4✔Windows/Macintosh OS/iOS/AndroidDeposit and Withdrawal The minimum deposit is $0 but the starting deposit is $5. xx accepts Wire Transfer, VISA, MasterCard, Skrill, NETELLER, MECAIRANSFER, Perfect Money, and Fasapay for deposits and withdrawals.Promotions YForex is offering up to 35% Cashback (Rebates) of your total monthly spreads(trading cost) and a 100% Bonus on every deposit up to $10,000. Account types0 - 100 lots100 - 500 lotsmore than 500 lots Regular & STP account Only15%25%35%