Yadix Broker Review
Yadix is an ECN/STP Forex broker that provides trading and related services to retail, institutional and professional clients all over the world. It is actually the trading name of a licensed service provider with its headquarters in Belize. As such it comes under the regulation of the IFSC (International Financial Services Commission). This is a relatively new agency formed by the Belize Government. It is responsible for financial regulation of all financial market participants, exchanges and the enforcement of financial regulations. A number of other international online trading brokers also obtain their licenses from this regulatory body, although not as many as some of the other better known bodies such as the FCA and CySEC. So let’s look at what Yadix has to offer retail traders.
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Forex, indicies, commodities, shares
Forex, commodities, and indices are the assets available for trading
Yadix have all the major currency pairs available for trading, along with a number of minors, making more than 50 instruments in total. With institutional spreads from just 10 points you can also take the opportunity to trade gold, silver, Brent and crude oil. A great variety of stock index CFDs (indices) with spreads from 0.2 pips from some of the world’s well known stock markets. These include FTSE 100, Nasdaq 100, Euro Stoxx 50, and the Swiss Market Index.
Yadix has the perfect account for those who prefer ECN/STP trading
Yadix is a true ECN/STP broker, and promises no dealing desk intervention, along with no conflict of interest and no worries about requotes. There are a number of different account available.
Classic account – Minimum deposit $100; Spreads from 1 pip; Leverage up to 500:1; Minimum trade size 1 micro lot (0.01); No commission; Free VPS with a minimum deposit of $5000; Zero limit and stop levels; Anonymous trading; Hedging and scalping; Expert Advisors allowed; No requotes
Rebate account – Minimum deposit $100; Spreads from 1 pip; Leverage up to 500:1; Minimum trade size from 0.05 lot; Commission $5 per side per lot; Free VPS with a minimum deposit of $5000; Zero limit and stop levels; Anonymous trading; Hedging and scalping; Expert Advisors allowed; No requotes
Scalping account – Minimum deposit $500; Spreads from 0.0 pips; Leverage up to 500:1; Minimum trade size 1 micro lot; Commission $5 per side per lot; Free VPS with a minimum 100 lots monthly; Zero limit and stop levels; Anonymous trading; Hedging and scalping; Expert Advisors allowed; No requotes
Pro account – Minimum deposit $10,000; Spreads from 0.0 pips; Leverage up to 500:1; Minimum trade size 1 mini lot (0.1); Commission $3.5 per side per lot; Free VPS; Zero limit and stop levels; Anonymous trading; Hedging and scalping; Expert Advisors allowed; No requotes
There is also a demo account option that will be credited with $100,000 virtual trading cash so you can test out the M4 trading platform, and practise your strategy.
Yadix appreciate the need for attracting new customers, and a good way to do this is with some attractive bonuses and special offers.
Promotions and bonuses being offered by Yadix
Yadix have introduced a number of bonuses and special offers on multiple trading accounts, which are designed to suit individual trading strategies and reward trading volume. They currently include:
- Instant rebate program up to $12 per lot – A real cash rebate can be earned for every trade made, regardless of whether the trade wins or loses.
- $25 for free – This $25 test credit is provided so traders can check out Yadix for themselves. It is only available on the Classic account, and comes with no obligation.
- Welcome gifts – Welcomes gifts such as the iPhone 6 Plus, iPad Air 2, Samsung S6 or Galaxy Tab S10.
- Hybrid promotion 20% bonus + $5 rebate – This is a limited offer and includes a 20% trading bonus as well as $5 rebate for every lot traded.
- 20% ECN commission back – This applies to the Yadix scalper account and can dramatically reduce the cost of trading.
- Welcome bonus 50% up to $10,000 – A 50% bonus is credited to your account once the verification documents have been uploaded, and a first deposit of at least $100 has been made. There is no time limitation. But it will only be credited after 0.3 lots have been traded or every $1 in bonus.
Yadix supports a number of different payment methods including Skrill, Neteller, Credit and Debit cards, WebMoney, and a number of other local payment methods. There are minimum deposit requirements but these are clearly given on the deposit options page of their site.
There are a number of ways to get in touch including a live chat option, email, and telephone number. All in all, Yadix seem to be able to provide most of what a trader is looking for apart from educational material. However, there is so much of it about online that this shouldn’t be too much of a problem.