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ForexYard review

ForexYard


On-line since: 2011
Country of origin: Cyprus
Regulation: the Cyprus Securities and Exchange Commission (CySEC)
Payment options: credit cards, Skrill, Paypal, WebMoney, wire transfer, QIWI, Fast Wire Transfer
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: 1:200
Spreads: fixed

About the company:

ForexYard is an international brokerage company located in Cyprus..

The broker offers its clients the opportunity to trade a wide range of financial instruments including currency pairs, spot metals, and CFDs for stock indices..

ForexYard guarantees instant order execution without slippages. If the margin level of a trading account drops to the minimum level, the system stops all active positions automatically thus enabling negative balance protection. Therefore, you cannot lose more than you deposited..

On the company’s website, you can find various educational materials and training courses on forex trading.

ForexYard 5/10 (votes 3808)
Author of ForexYard: Ravind | Date 2021-06-02
ForexYard is regulated which is why I chose them. However, their services are still not perfect. The platform still lags frequently and it has a lot of bugs. I have reported the issue to the company multiple times already but they still haven't done anything about it.
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Author of ForexYard: Naquan | Date 2020-11-18
Almost everyone doesn't like this broker. Because they do not work well, and very messy. I just felt the oddity with this broker when they began to rarely respond to emails and calls from me. I feel my time and money that I have spend to join with them is all vain and useless. And now I'm just waiting for my request to withdraw and close my account but still not being met by this broker. There was no significant profit that I can get from using their analytical and trading platforms.
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Author of ForexYard: Albian | Date 2020-07-07
Until now I am a problem I have not gotten a solution from them. Don't know where the fault is, but I've lost $700. Every time I wanted to place an order if it was to my advantage it would freeze up or give me the trade when it was too late. Overall Forex Yard is not reliable broker and I’m not recommend this broker to others.
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Author of ForexYard: Parker | Date 2020-05-05
FOREXYARD has a bogus platform, As I have experienced so much re-quotes or slippage on their MT4 platform and their price quotes are different from the Tradingview website. Their fake candle destroyed my trading life. Till now I have lost almost $250, while their payment while FOREXYARD broker hasn't any regulation, so I am awful to trade with my investment at FOREXYARD broker. So I tried to leave them immediately.
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Author of ForexYard: Rocky | Date 2019-12-27
I trade 4 months with Forex Yard and I have to say they are not right broker for me. On the 6th August 2016 after the US election news I started to trade USD/JPY manually, using scalping strategy on volatile market. Based on this news I have I have made more than 50 transactions, with total profit close to $950. That is insignificant, as next morning, I have found unknown record correction and all my profit has gone to -$850 After numerous emails and queries submitted online directly to them I have had no response.
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Author of ForexYard: Klara | Date 2019-09-24
My standard account was banned without I was about to withdraw my earnings from the Monthly challenge contest organized by Forex Yard. I have $100 left in my account and this broker told me that the money was already lost due to my aggressive withdrawals. The total amount that I requested to take out was only $50 and I split the said amount into 3 requests. My first request went successful. They processed my $30 right away and the remaining withdrawal request caused me troubles. Now, I couldn't log in. My access has been denied. Already sent an email and I hope they would reply me and lift the banned.
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Author of ForexYard: JamalZainurin | Date 2019-08-19
I have experienced too much re-quotes on FOREXYARD's platform, so I called them a bogus broker. Always their price quotes are different from others and charts isn't clear too. The huge re-quotes destroy my investment of $250, also my payment request $50 profit delay one week with them. Which the FOREXYARD broker is not regulated in the Market Maker. So I think they are dangerous for traders, now I tried to leave them.
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Author of ForexYard: EddieHowell | Date 2019-03-20
FOREXYARD's platform has a lot of mistakes, so I called them bogus broker. their price quotes are different from others and charts isn't clear. The huge re-quotes destroy my investment of $200. while My payment always delays and I was unable to withdrawal $50 profit. I know that FOREXYARD broker is not regulated broker in the Market Maker. So I have tried to leave them.
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Author of ForexYard: Uzhden | Date 2018-10-16
My experience with ForexYard is a memory I already want to bury. But before I do that, I need to share it with you first to help you make informed decision. I had a ForexManaged account with them. With this account, I am entrusting my investment to a "professional and experienced" trader. This trader is supposed to help me and the other investors to grow our investments. So what happened is that at first, this manager was performing well. He earned a good amount of profit for us. I only took some of my share of profit and left a few to add as my investment. I also occasionally transfer more because in this system, the bigger your contribution, the greater is your share of profit. And so he just continued on trading. And it was going well for two months. Then in just a snap, his performance suddenly turned upside down. He started losing trades. I'm talking big losses here, not just small ones. It was like the manager's account was taken over by a kid who doesn't know anything about forex. When a week has passed and my investment has greatly went down, I immediately requested to pull out my investment. I know that this situation with a trading manager can't be blamed to the broker. But the next things that happened, I'm definitely blaming ForexYard. I requested a withdrawal of my investment (which supposedly was to be granted in just an hour, according to them) but it wasn't acknowledged at all. I had to resend it multiple times for a week and by the time they responded, my investment capital was already wiped clean. If they had processed my withdrawal right away, then I could have saved at least the amount remaining. And when I complained to them about it, they only told me that there's nothing they could do about it. And that the withdrawal time can really vary sometimes. I mean, why claim in the first place that it would be processed in an hour? Right? And for some reason, with the way they speak to me, they seemed to be defending the manager. Seriously? Maybe this trading manager is really their employee and this is their ploy to take their clients' money.
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Author of ForexYard: Oilindra | Date 2018-08-09
I have tried ForexYard and defiantly they are market maker broker. Their slippage are getting so ridiculous that it is impossible to profitably trade news releases. In last Fed rate news I got slippage 65 pips on EurUsd pair. Some this they make spike on non volatility market. SL order are dangerous and TP order will not be filled due to slippage at news times, and more frequent disconnections. So I decided to withdraw the remaining amount and I got my fund 32 days later. I would not recommend this broker.
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