YouTrade FX Review -OUT OF BUSINESS-
YTFX GENERAL INFORMATION
■ Foundation: YouTrade FX was founded in 2008
■ Headquarters: YouTrade FX maintains offices in London, UK
■ US Residents: YouTrade FX forbids traders from the US –No
■ Islamic Accounts: YouTrade FX supports Islamic Accounts {no interest / no SWAP/ no rollover} –YES-
■ Regulated: YouTrade FX is regulated by ASIC (No 398528), FSC (No 097392)
■ Languages: YouTrade FX website supports English and 16 more languages
YTFX TRADING INFO SUMMARY
■ Broker Type: ECN / STP Forex Broker
■ CFD Trading: Yes
■ Binary Options: Yes
■ Platforms: YouTrade FX Offers Web Trader, Mirror Trader, MetaTrader 4 & 5
■ Trading Time Zone: GMT
■ Demo Account: YouTrade FX is providing a Demo Account –YES
■ Typical Spread EUR/USD: YouTrade FX spread on EUR/USD is 1,5 pips (ECN) and 2-4 pips (STP)
■ Leverage: Leverage at YouTrade FX can be up to 1:500
■ Scalping: is not allowed at YouTrade FX –No-
■ Bonus: YouTrade FX offers a First deposit Bonus of 50% (up to $2,000)
■ Minimum Account: $100 (STP mini) / $1,000 (ECN account)
TRADING ASSETS
💱 YTFX TRADING ASSETS YouTrade FX is providing many trading Assets, including CFD trading and Binary Options: ■ 30+ Forex Currencies ■ Several Commodities (Gold, Oil and Energy included) ■ Several Stocks & Indices
TRADING COMMISSIONS & LEVERAGE
YTFX SPREAD & TRADING COMMISSIONS Forex Trading Stock Trading Options Trading Money Deposits Money Withdrawals Miscellaneous Fees -$50 / ACAT Transfer Outgoing -$25 / DTC Transfer Outgoing -$19.20 / SEC Transaction Fee (per mil) -$15 / Wire Transfer Outgoing (Domestic) -$50 / Wire Transfer YTFX TRADING LEVERAGE Leverage at YouTrade FX can be up to 1:500
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TRADING PLATFORM & MOBILE
YTFX TRADING PLATFORM YouTrade FX is offering a wide variety of Trading Platforms. Online YTFX Platforms include: 1) YTFX Fx Web Trader 2) YTFX Fx Mirror Trader 3) MetaTrader 4 & 5 Note: YTFX allows trading signals from ZuluTrade & Tradency
YTFX MOBILE TRADING YouTrade FX supports a mobile application for iPhone (MT4 mobile) and a Web Mobile platform.
NEW ACCOUNT INFORMATION
YouTrade FX Minimum Account: The minimum initial deposit required for opening an account on YouTrade FX is 100 USD (STP account) and 1,000 USD (ECN account) YouTrade FX Deposit Methods: 1) Credit Cards 2) Bank Wire 3) Cash U 4) Liberty Reserve 5) Web Money 6) MoneyBookers YouTrade FX Withdrawal Methods: 1) Credit Cards 2) Bank Wire
DEPOSIT BONUS & TRADING REBATES YouTrade FX offers a First Deposit Bonus of up to 50%
CONTACT INFORMATION
YTFX general telephone number (UK) +44-203-3183333 Fax: +44-207-7859329 YoutradeFX offices: 1) England, 35 New Broad Street, London 2) Germany, Marienstrabe 19/20, Berlin-Mitte 3) Australia, 19-21 Hunter St., Sydney 4) India, Lajpat Nagar 2nd, New Delhi 5) Cyprus, Panteli Katelari, 21 6) Mauritius, Newton Tower, Port Louis
⚖️YTFX PROS AND CONS (According to competition)
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YTFX REVIEW CONCLUSIONS |
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YTFX PROS |
YTFX CONS |
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√ Offering a wide variety of Trading Assets √ Many Trading Options (Deposit Methods, Account Currencies, Languages, etc) √ CFD trading and Binary Options √ 24/6 support, also Phone and Live Chat |
X Charging several types of commissions and fees X Charges high spreads compared to other Forex Brokers
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🏁 YTFX Review Conclusion:
YTFX offers traders a wide range of options, including numerous forex currency pairs, various stocks and indices, commodities, CFDs, and binary options. It also provides multiple deposit methods, account currencies, and different trading platforms. Additionally, the broker is regulated by ASIC, FSC, and FSA. The main drawback is the application of several commissions across all types of trading, along with relatively wide spreads in forex trading.
- Not a good choice for intraday traders and scalpers
■ YTFX REVIEW
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