ForexYard Review

As you know, choosing a broker is an important decision for any trade, so I hope that this review of ForexYard will help you make the right one for you, a decision which will help you be a more successful Forex trader.

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ForexYard Specificications and Benefits

ForexYard has the following advantages when it comes to how you can trade through it:

• 24 hours support throughout the trading hours of Mon-Fri each and every week
• Excellent education material to help you make your Forex trading safer and more profitable
• Immediate execution of trades to make sure your trades are carried out quickly and at the prices you requested
• Fixed spreads - While some brokers employ a shady policy of widening spreads in certain market conditions to keep more of the profits to themselves, ForexYard guarantee fixed spreads.
• Continuous market updates to make sure you're on top of what's going on in the market at all times
• 24/7 web access. You can trade from everywhere in the world
• Interfaces for Multiple languages such as English, French, Dutch, Arabic, German, Russian, Spanish, Turkish, Chinese, Italian, and more.
• Easy to use and advanced trading platform including technical indicators and a state of the art charting software

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Forex Yard Account Types

Forex Yard offers various different types of account for different levels of traders:

Let's talk about the different account types for a moment. As you can see, the Institutional is for big traders and will most likely not appeal to you. The FSA account is actually a managed account in which the staff of ForexYard trade on your behalf through their automatic trading platform.

The manual accounts which apply to individual traders are the SuperMini account and the Standard account. As you can see, you can open a SuperMini account with an initial deposit of just $100. However, I recommend opening a standard account for a few reasons:

1. Even though you need to deposit $1,000, you can always withdraw your money.
2. The SuperMini account has more fees attached to it.
3. You can trade more currency pairs on a Standard Account then on a SuperMini.
4. You can't trade commodities like oil, silver, and gold in a SuperMini account. This may not be something you care about right now, but you want to keep your options open for the future.

Both manual accounts provide a high level of trading control, the ability to place multiple types of order to protect your trades and gains, and allow you to use technical indicators to help you trade better.

Of course, you can also open a Demo Account to try out their system without putting up any real money.

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ForexYard Currency Pairs and Spreads

Currently, ForexYard allows you to trade 25 currency pairs on the standard account (the recommended account type). Spreads are as low as 3 pips for the EUR/USD pair, and 4 pips for the other major currency pairs (USD/JPY, USD/CHF,USD/CAD,GBP/USD,EUR/JPY,AUD/USD).

In addition, you can also trade rather exotic pairs like the USD/NOK (the US dollar against the Norwegian crown) and the USD/SEK (US dollar against the Swedish Crown), although spreads are considerably higher for these pairs than they are for the majors.

In Conclusion

Forex Yard offers a good trading platform with sensible and low spreads. It is an easy to access, operate, and control trading platform which is good for both new traders and veterans.

The support given by ForexYard staff is extensive and you can easily reach them, ask questions, get answers, and proceed to make your trades.

All in all, a solid trading platform for any trader.

Click Here To Open an Account with ForexYard