Yadix was created in 2010 and is registered in Seychelles. The Seychelles Financial Services Authority regulates the broker. The firm employs over 70 people and generates $16 million in yearly revenue. The broker works with traders from all around the world, from Indonesia to the United Kingdom.
The broker employs the award-winning MetaTrader 4 (MT4) trading platform, which is available for Windows, Mac, and Linux computers and can be downloaded from the broker’s website. Many skilled traders evaluate the platform highly, and it is one of the most popular forex packages in the world.
MT4 is simple to use and navigate between various assets, charts, and instruments. The platform includes a huge variety of pre-installed indicators and charting tools to assist you in trading and tracking assets. Users may also create and install their indicators in MetaTrader 4. Orders may be filled with only one click, making it simple to begin and conclude deals.
There are over 85 symbols for three different asset classes: Forex, Commodities, and Indices.
- Currency Pairs: 57 major, minor and exotic currency pairs
- Metals: 4 CFDs on precious metals involving gold and silver.
- Energy: the US and UK Oil CFDs
- Indices: CFDs on 13 global stock indices
Spreads and commissions
The charge amount is determined by the account type. Investors with a standard account pay no commission, whilst those with a reduced account pay a $5 per lot commission. Fees for Scalper and Pro accounts are reduced to $3.50 and $2.50, respectively.
Clients’ typical spreads will differ from account to account and asset to asset. The following are common spreads in both classic and discount accounts:
- EUR/USD – 1.6
- euro/pound – 1.7
- Pound sterling / US dollar – 2.3
- FTSE 100-5
- US oil – 6
- Gold – 60
For scalping and professional accounts, typical spreads are:
- EUR/USD – 0.2
- euro/pound – 0.4
- Pound sterling / US dollar – 0.4
- FTSE 100-1
- US oil – 2.8
- Gold – 20
Leverage varies between 1:1 and 1:500. You can deposit $100 and open $50,000 positions with a 1:500 leverage. Make sure you utilize effective risk management because while leverage might raise your profits, it also increases your losses dramatically.
The MT4 mobile app, which is available for iOS (iPhone and iPad) and Android, allows traders to invest on the go. The software is simple to use and allows you to trade quickly and conveniently right from your phone.
All of the primary Forex trading functions are displayed on the iPad/Tablet versions, which are tailored for large screen use. Charting options, technical indicators, timeframes, order types, and more are all available in both versions of the app.
Accounts can be funded in a variety of ways, allowing the broker to serve clients from all over the world. The minimum deposit amount is $100 for all methods, with Skrill deposits capped at $25,000.
Although Neteller takes a few minutes to give verification of funds, all deposit methods are reimbursed swiftly and instantly.
The broker does not establish any minimum or maximum withdrawal limits. All requests are handled on the same day, and confirmation of the availability of funds must be received on the same day.
There is a demo account that allows customers to practice with virtual money. Whether you are a beginner or an experienced trader, you can open a demo account, log in with your credentials and the account will be credited with $100,000 in virtual trading funds. New traders and investors can use this account to practice using the MetaTrader 4 platform, while more experienced traders can use it to test different strategies.
Offers and promotions
The firm has introduced many different bonuses and promotions for new customers:
Rebate Program: With this promotion, investors can get up to $15 per lot rebate, whether they win or lose. Free London VPS: Get a free London VPS with 2ms average ping time and super-fast execution.
50% extra on your next five deposits: sign up with this promo code and get a 50% bonus on each of your next five deposits up to $2,500.
Welcome Gifts: Under this promotion, investors have a chance to win interesting gifts such as iPhone 11, Galaxy S10e, or MacBook Pro.
The broker offers several additional features to improve the trading experience for its clients:
Thousands of forex trading signals are available. Before deciding what to trade with, users can look at the past performance of each signal.
Forex Economic Calendar: a real-time forex economic calendar that keeps investors up to date on all economic events, news, and indicators that affect forex markets.
The broker includes a dedicated education department that aims to improve traders’ knowledge and confidence in the trading arena. There is a series of e-books and videos that will teach you everything you need to know.