- Available to non-U.S. customers only.
- NOT REGULATED
- A variety of educational articles touch on all the necessary topics to ensure that even a beginning trader will have the tools to succeed. Above industry standard customer support in countless different languages
- Attractive 50% welcome bonus up to $2000.
|Company Name: youtradeFX|
|Year established: 2008|
|Min deposit: $100|
|EURUSD spread: ECN 1.5 pips|
|Funding methods: Wire Transfer, credit card, Web Money, others.|
|Dealing desk: Yes|
|Trading platform: MetaTrader4, Webtrader, others.|
|Mobile trading: Yes|
|Web based: Yes|
See what our users say about youtradeFX Review
Do you suspect fraud? Please tell us about it.
YoutradeFX (YTFX.com) is an Internet brokerage and investment firm that offers a number of features and advantages when trading from one of their accounts. It is a 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. New rules under the Dodd-Frank Act prevent their offering service to U.S. clients. The company has primary offices in London near the forex market center.
The company proclaims that “Your Gain is Our Goal”, and has developed the support systems to back up that mission statement. Customer service is a differentiating factor for this group. Every attempt is made to support each trader’s individual needs. A staff of over 100 employees works tirelessly to respond to inquiries, and an internal trading desk has been staffed with experienced professionals in the industry to prevent any delays in order execution.
YouTradeFX is a relative newcomer to the worldwide forex broker community. Their unique demo account setup (“PTA”) is emblematic of their desire to be different. After your trial period is concluded, losses are forgiven, but the gains over the period are then credited for your use going forward. Education materials and various trading tools are a mouse click away, and trading platforms can be accessed directly or downloaded. Mobile trading is also facilitated by an iphone application.
There are a variety of account setups, tailored to meet the needs of individual traders. A minimum deposit of $100 can get you started, and for accounts up to $100,000 there are no margin requirements. Spreads are competitive and set daily, while no fees are charged. Leverage up to 500:1 is permitted, although caution should be used when applying any leverage since leverage may magnify gains, but it can also magnify losses, too. In any event, the YTFX Stop-Loss guarantee limits your losses to the amount of your original investment.
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.
Deposits and Withdrawals
A number of deposit and withdrawal payment services from credit card companies to actual wire transfer processing agents from Moneybookers are employed to facilitate the movement of funds in both directions. An automated system permits the user to follow the process every step of the way with email confirmations.
YTFX takes great pride in its customer service and has devoted additional resources to ensure that your experience is an excellent one. A variety of educational articles touch on all the necessary topics to ensure that even a beginning trader will have the tools to succeed. Practice on a demo account is standard issue, and gains can actually be used later when real-time trading commences.
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.
YoutradeFX.com is no longer regulated. As such ForexFraud recommends extreme caution.
Comments on the youtradeFX Review