Our Review of ForexYard
ForexYard, the trading name of Safecap Investments Limited since 2011, is becoming one of the fastest-growing online foreign exchange and spread betting markets coming out of Europe. ForexYard allows users to fund their accounts with credit cards with the potential of immediate trading after opening an account— in fact, fixed spreads starting three percentages in points (pips) in euro or U.S. Dollars and three to five pips in other currencies are guaranteed. In addition, the company configures marginal management capacity to half of a percent; however, they discourage leveraging for more than a tenth of an account's value.
By signing up to ForexYard, monthly promotions are available for its users: "Refer a Friend" features brokers winning $100 each time a friend referred opens an account in ForexYard, without any limits. "Trade Like a Pro" offers a package that includes one-on-one coaching, trading, and constnat advising, with the option of creating a practice account that demonstrates how forex breaking works. In turn, traders can become part of the VIP Pro-Trader Program, that has certain benefits they enjoy right after signing up.
ForexYard serves as a multilingual forex broker, allowing its customers to choose between ten languages (inlcuding Arabic, Spanish, German, and Portuguese) and is open from Sunday at 5 P.M. to Friday at 4 P.M. (other markets are open an hour later in ForexYard). Furthermore, the company uses nine distinct types of downloadable, web-based, and mobile platforms including MT4 and FxTrader, and is regulated by the Cyprus Securities and Exchange Commission (CySEC).