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Independent rating of Forex broker ForexYard

0/10 (votes 100)

On-line since
2011
Country of origin
Cyprus
Regulation
MIFID, CySEC
Payment options
payment cards, wire transfer
Minimum account size
$100
Minimum lot size
0.01 lots
Leverage
1:200
Spreads
fixed
ForexYard started operating in the forex market in 2011.
The broker offers its customers a series of financial instruments, among which are 55 currency instruments, spot instruments (gold, silver, and oil) as well as CFDs on stock indices, Bitcoin, shares, bonds, and commodities. Trading is conducted via the MetaTrader 4 platform.
The company also provides such services as Negative Balance Protection, Islamic accounts, and Autochartist, thanks to which technical analysis of any instrument chart can be performed automatically.
Various educational materials can be found on the ForexYard website: technical analysis, virtual tour, forex tutorials etc. Clients can also benefit from some bonuses. For example, $300 account can be doubled.

Comments

Author: Hudge Date: 2022-05-25 06:58:44 (UTC+3)
As someone who experienced trading with ForexYard, I would like to let you know that investing in this broker is not worth it. I opened an account with them to see if I can handle forex trading. Disappointingly, their trading platform is too shaky the fees are too high. I closed my account immediately before I lose everything.
Author: Jaaye Date: 2022-01-17 06:17:09 (UTC+3)
There is no reason to continue my trading with ForexYard broker. I had the worst experience last 6 months. As my order didn't execute in my preferred position, if I had used an EA, then it was hanged due to the huge spread. So I always missed the profit, while I had invested $250 and earned $500, they refused to pay my profit. When I tried to contact their support, they didn't solve this issue. Now I am disappointed, and I want my money back.
Author: Sicca Date: 2021-10-13 07:02:49 (UTC+3)
If you ever get across ForexYard, try to stay away immediately. This broker blocked my account right after receiving the money I deposited. Since then, I was never able to contact them again.
Author: Dyohaw Date: 2021-09-27 02:07:50 (UTC+3)
I'm trading with ForexYard, and it's been more than a year. Everything was going well, until last 3 months thier platform started crashing and unstable. it seems they didn't take care of their trading platform properly. Because of that, I lost significant amount. I lost my $600 in single trade because platform crashed and hang when I was about to close my order. I got different position and my money is gone. I don't feel happy at all to trade with them, so I decided to close my account at this broker.
Author: Erica Date: 2021-06-22 03:51:42 (UTC+3)
I opened an account at ForexYard despite the fact that they are only new in the market. I took the opportunity because they don't require huge capital. However, since the company is still new, there was a lot of issues in their platform. Eventually, I just ended up losing all my capital due to platform malfunctions.
Author: Hudson Date: 2021-05-21 02:45:07 (UTC+3)
I've lost my $300 deposit in 30 minutes. For the first week on the Demo, everything was great, I was very happy, and that's why I opened a live account and invested $300. I started to trade and earn my first profit, but they delete all my profits without any notification. I was so curious why it took time for so long, and it was really bad. I can't believe that any successful trader would keep trading with this broker. Think twice before joining this broker.
Author: Apolinar Date: 2021-03-01 07:19:13 (UTC+3)
I invested $1700 in total at ForexYard. My account manager was very friendly and trustworthy. That is why I did not hesitate to invest more funds. However, their brokerage services are not that great. In fact, their platform quality is too poor that I couldn't make a single trade without having any trouble.
Author: Messy Date: 2021-01-25 02:52:21 (UTC+3)
ForexYard is a fraud broker. I want to withdraw my profit, and I have sent a withdrawal request a month before. But until now, I didn't get it yet. There is also no notifications from them, they didn't return anything, they also ignore my emails. I have no idea where my money is gone, I don't want to waste my gain in these four months. For new traders who are looking for a broker to trade, better stay away from this broker. I won't recommend them.
Author: Matthew Date: 2020-11-02 04:11:35 (UTC+3)
For me, Forex Yard is a great Forex broker. They require a low starting capital, the spreads are fixed, and they are even regulated. The only problem that I see is that they have limited payment options. This may be a downside for those who prefer using other methods such as e-wallets. But in my case, since I use my card, it does not bother me.
Author: David Date: 2020-09-28 03:06:19 (UTC+3)
My experience trading at ForexYard is unworthy. I'm a day trader and I could see that the execution is worst, slippage always happens, and their trading conditions are bad, which really affects my trading activities. When I finally got a large profit of $700, I made a $600 withdrawal request but they didn't process it until now. I have called customer support and they keep telling me to wait. It's really wasting my time. They keep me waiting with no money.

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