youtradeFX
YoutradeFX.com only accepts non-U.S. customers.
YoutradeFX (YTFX.com) is a relatively new company, established in 2008, but it is decidedly progressive in appealing to the desires of its customers. YTFX has a typical holding company structure with affiliate corporations located in markets that it has chosen to serve. Regulatory oversight is in two quarters, including Mauritius, Australia. The firm is not permitted to service U.S. clients. Its primary offices are in London near the forex market center.
Features
Competitive spreads are offered based on trading volume and your overall account balance. No commission fees are charged. All popular currency pairs can be traded, plus some interesting minor currencies and other instruments like commodities, stocks, and binary options. Zulutrade provides an automated trading module, while mobile trading and order entry can be had with an iphone application.
Accounts
Accounts come in three flavors: 1) Mini-Account -- $100 to $2K (Leverage 500:1, Micro lots, 4 pip spreads); 2) Standard -- $2K to $10K (Leverage 300:1, Mini lots, 3 pip spreads), and 3) Premium -- $10K to $100K (Leverage 200:1, Mini lots, 2 pip spreads).
A unique free Demo Account with $50K is offered that credits gains to an active account once the training term expires. There is a $100 minimum deposit to open an account and the ability to obtain a $2,500 signing bonus. No U.S. based clients are currently accepted.
Transactions
The broker supports most order types, including trailing stops, entry stops and entry limit orders. As for deposits, credit card or bank wires are permitted, but the customer must abide by rules imposed by other agents and to anti-money laundering regulations. All withdrawal requests are processed the same working day and transferred to the trader's account within 3 business days.
Platform
The popular Metatrader 4 or Webtrader software can be downloaded, or traders inclined to use Mac or Linus operating systems can access proprietary systems on company servers. An arrangement with iphone allows for mobile trading. Customizing your trading strategy is the rule at YTFX, where customer friendly interfaces allow for all manner of automated or mirror trading approaches. Zulutrade access is utilized, and a range of options exists to craft an automated or manual style based on alerts or other trader performance measures. In any posture, you remain in control.
Information
A host of educational articles, downloadable pdfs, and materials are available on all manner of forex topics. Metatrader 4 video tutorial walks you through its nuances. If you still have questions, a Live Chat session can give you a direct answer if existing FAQ's do not address your specific needs. Lastly, video lesson tutorials related to building a winning trading strategy are also part of the package provided by YTFX.
On the market front, there are daily market analyses and news updates. Futures expiration dates and economic calendars are also presented to give you other valuable insights on market conditions. World interest rates, a Pip calculator, a currency converter, and trading alert services are also available.
Support
YTFX takes great pride in its customer service and has devoted additional resources to ensure that your "24/7" trading experience is an excellent one from anywhere on the globe and in any timeframe. A single global telephone number allows for immediate access. Live chat or email exchanges are also in the mix if you prefer a more personal touch.
Safety
The firm has not bypassed the regulatory establishment in any way. YoutradeFX actually boasts regulatory oversight from three distinct groups residing in Australia, Mauritius, and the United Kingdom. Credibility, professionalism, and ethics are their watchwords. Security during trading sessions is assured by the latest innovations in data security protocols.
Overall
YoutradeFX.com is relatively new to the scene of Forex trading and not bound by the legacy trading systems of old. The company proclaims that "Your Gain is Our Goal", and it has developed the support systems necessary to back up that mission statement. Customer service is a differentiating factor for this group. The professional staff has made every attempt to provide the support and tools necessary for an excellent trading experience, and it has already established a strong following, based on independent customer testimonials. Although the firm is new, it appears to have the right strategies and tools for your gain and success, their stated goal.
