Score
Saint Vincent and the Grenadines
|
5-10 years
| https://www.yforex.com
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
yforex.com Finland
VIP is not activated.
| YForex Review Summary | |
| Founded | 2004-02-15 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex/Commodities/Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.0 pips(on EURUSD) |
| Trading Platform | MT4(Windows/Macintosh OS/iOS/Android) |
| Min Deposit | $0 |
| Customer Support | Phone: +44 33 0808 3344/+44 56 0002 2965 |
| Email: info@yforex.comsupport.yforex | |
| 24/5 live support | |
YForex is an FX broker but not exclusively for all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training, and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments with a maximum leverage of 1:500. The broker also provides Islamic and demo accounts. The minimum spread is from 0.0 pips on EURUSD and the minimum deposit is $0. YForex is still risky due to its unregulated status.
| Pros | Cons |
| 24/5 live support | Unregulated |
| Spread as low as 0.0 pips | No 24/7 customer support |
| Leverage up to 1:500 | No more fee information |
| MT4 available | |
| Demo account available | |
| 35% bonus rebates |
YForex is not regulated, making it less safe than regulated brokers.
YForex offers various market instruments, including forex, indices, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
YForex has 5 live account types with different opening conditions: Regular, STP, Interbank, VIP, and Islamic. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a regular or Islamic account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Regular | STP | Interbank | VIP | Islamic |
| Minimum deposit | $0(-$200) | $201 | $1000 | $5000 | $0 |
| Spreads from | 0.9 pips(on EURUSD) | 0.9 pips(on EURUSD) | 0 pips(on EURUSD) | 0 pips(on EURUSD) | 0.7 pip |
| Commission | None | None | $3.5 per lot | $2.5 per lot | None |
| Leverage | 1:500 | 1:300 | 1:200 | 1:50 | 1:200 |
| Margin call | 50 | 50 | 50 | 20 | 50 |
| Stop Out | 10 | 20 | 20 | 20 | 20 |
The spread is as low as 0 pip, the commission is from 0. The lower the spread, the faster the liquidity.
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
YForex cooperates with the authoritative MT4 trading platform available in Windows, Macintosh OS, iOS, and Android. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Windows/Macintosh OS/iOS/Android |
The minimum deposit is $0 but the starting deposit is $5. xx accepts Wire Transfer, VISA, MasterCard, Skrill, NETELLER, MECAIRANSFER, Perfect Money, and Fasapay for deposits and withdrawals.
YForex is offering up to 35% Cashback (Rebates) of your total monthly spreads(trading cost) and a 100% Bonus on every deposit up to $10,000.
| Account types | 0 - 100 lots | 100 - 500 lots | more than 500 lots |
| Regular & STP account Only | 15% | 25% | 35% |
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