Yadix Review

Category: Reviews | Author: Trading Brokers | Date: January 30, 2024

Looking for a forex broker that caters to more advanced traders focused on scalping strategies and fast execution? Then Yadix just might be for you. In this review, we’ll take a close look at what Yadix has to offer. We’ll explore its regulatory status, account options, platforms and tools, educational resources, available markets, funding methods, and more. The goal is to help you decide if Yadix is a good fit for your personal trading needs and style. Yadix advertises itself as an ECN/STP broker built for experienced traders who prioritize things like super tight spreads, high leverage, and order execution speeds measured in milliseconds. But does it deliver on these promises? Let’s find out! So buckle up for an in-depth tour of all things Yadix.

Pros & Cons

  • Tight raw bank spreads as low as 0.0 pips on major currency pairs
  • Access to MetaTrader 4 platform for various devices
  • Competitive commissions on Pro and Scalper accounts
  • Controversy surrounding the regulation
  • Limited range of trading instruments
  • High minimum deposit requirements for certain accounts

Summary 

Yadix

Yadix

Yadix is an online forex and CFD broker that has been operating since 2010. It offers the popular MetaTrader 4 platform, providing traders access to tools like an economic calendar, copy trading, and advanced charting. Yadix aims to cater to more experienced traders focused on scalping strategies and fast execution speeds.

The broker provides three account types – Classic, Scalper, and Pro – each suited to different trading requirements. For example, the Scalper account offers raw spreads as low as 0 pips and high leverage for EA and high frequency traders. The minimum deposits range from $100 to $5000 across accounts.

When it comes to tradable markets, Yadix provides over 50 currency pairs along with indices, commodities, metals and energies. So whether your speciality is forex, indices or commodities, you’ll find instruments to trade.

For funding and withdrawals, Yadix accepts bank transfers, e-wallets like Neteller, as well as credit cards. This allows for convenient deposits and secure withdrawals.

In terms of regulation, Yadix is licensed by the Seychelles Financial Services Authority. However, it does not accept US-based traders. While regulation is important for credibility, traders should do additional research before opening an account.

Overall, Yadix caters well to certain types of experienced and advanced traders with its very tight spreads, focus on fast execution speeds, and range of advanced trading accounts. However, the product offering is still limited compared to other leading brokers.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Yadix is authorised and regulated by the Financial Services Authority of Seychelles (FSA) with license number SD021. This means they have to maintain sufficient capital to cover operating income, as required by the regulator. They’re also regularly audited by an independent control agency, which adds an extra layer of security for traders. However, it’s important to note that Yadix does not provide services for citizens of the United States. So, if you’re based in the US, you’ll need to look elsewhere for your trading needs. Remember, regulation is a crucial factor when choosing a broker as it provides a level of protection for your funds. If you’re interested in exploring other options, please see a list of regulated brokers for some alternative options.

Platforms & Tools

When it comes to platforms, Yadix keeps it simple and reliable with the tried-and-true MetaTrader 4 (MT4). MT4 has been a favorite among traders worldwide for years, and for good reason. It’s user-friendly, packed with features, and allows for trading from different devices, which is a big plus for those of us who like to trade on the go.

MT4 Platform

MT4 Platform

Now, let’s talk about the tools Yadix offers.

  • Copy trading: This is a great feature for those who want to mimic the trades of successful traders. It’s a good way to learn and potentially earn at the same time.
  • Economic calendar: This is a must-have for any serious trader. It keeps you updated on all the major economic events that could impact the markets.
  • Charting tools: Yadix offers over 50 preinstalled technical indicators and fully customizable charts. This means you can tailor your charts to suit your trading style and strategy.

So, whether you’re a seasoned trader or just starting out, Yadix has got you covered with its platform and tools.

Education

When it comes to education, Yadix offers a few helpful resources for traders looking to up their game. Let’s take a look:

  • Trading Tutorials: They provide various trading tutorials covering topics like technical and fundamental analysis. This allows you to brush up on trading concepts and strategies.
  • Videos: If you prefer visual learning, Yadix has an assortment of trading technique videos to help reinforce key ideas.
  • Market News: Staying up-to-date on market news and events that impact trading is crucial. Yadix provides market news and analysis to help with this.
  • Articles: For bite-sized educational content, Yadix offers a range of trading articles on their website. These cover relevant topics to enrich your trading knowledge.

While Yadix’s educational offerings may not be as robust as some competitors, they provide helpful basic resources for self-directed learning. As with everything in trading, continuing your education is key!

Markets

Variety is the spice of life and Yadix certainly brings the heat. Whether you’re a currency connoisseur, an indices enthusiast, a raw materials maven, a metals maestro, or an energy expert, Yadix has got you covered. With a diverse range of markets to trade in, you’ll never be short of opportunities to make your mark. So, buckle up and get ready to explore the exciting world of trading with Yadix.

  • Currency Pairs: As you’d expect from a forex broker, Yadix offers a variety of currency pairs for trading. This includes major, minor, and exotic pairs, giving traders plenty of options.
  • Indices: If you’re interested in trading on the performance of groups of companies, Yadix has got you covered with a selection of indices.
  • Raw Materials: For those who prefer commodities, Yadix offers trading on a variety of raw materials. This can be a great way to diversify your trading portfolio.
  • Metals: Metals like gold and silver are often seen as safe havens in times of market turbulence. With Yadix, you can trade on the price movements of these and other metals.
  • Energies: Finally, Yadix offers trading on energy commodities. This includes oil and gas, which can be influenced by a variety of geopolitical and economic factors.

While Yadix’s range of instruments may not be as wide as some other brokers, it offers a solid selection for traders to choose from.

Accounts

Yadix offers a variety of account types to cater to different trading styles and levels of experience. Let’s dive into the details:

  • Classic Account: This account is a great starting point for both beginner and experienced traders. With a minimum deposit of $100, you can start trading with spreads from 1 pip. The best part? There’s no commission.
  • Scalper Account: If you’re an EA, scalper, or HFT, this account is for you. With a minimum deposit of $500, you can enjoy core spreads from 0 pips and a commission of $3.5 per 100,000USD. The leverage goes up to 1:500, giving you more trading power.
  • Pro Account: For the pros out there, this account offers core spreads from 0 pips and a lower commission of $2.5 per 100,000USD. The minimum deposit is higher at $5,000, but you get access to free VPS and free signals.

Remember, each account type comes with its own set of features and benefits, so choose the one that best suits your trading style and financial goals.

Funding

When it comes to funding your Yadix account, you’ve got a few options to choose from:

  • Bank Transfers: This is a traditional and secure method of transferring money directly from your bank account to your Yadix trading account.
  • E-Wallets: If you prefer digital wallets for their convenience and speed, Yadix has got you covered.
  • Credit/Debit Cards: For those who prefer to use their credit or debit cards for transactions, Yadix accepts these as well.

Remember, each of these methods has its own processing times and may have different fees associated with them, so it’s worth checking out the details on the Yadix website before making a decision.

Conclusion

In wrapping up, it’s important to note that while Yadix has some strong features such as a variety of account types, a user-friendly platform, and a range of educational resources, there are other brokers with longer track records that might be worth considering as alternative options. The world of forex trading is vast and diverse, and it’s crucial to find a broker that fits your specific needs and trading style. So, don’t stop here. Keep exploring, keep learning, and most importantly, keep trading. For additional choices, we encourage you to explore our trading brokers reviews.

Yadix Logo

$100

Yadix is a Seychelles-based online forex broker known for its competitive spreads, diverse trading instruments, and valuable educational resources. It offers a range of account types to suit different trading styles and strategies.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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