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Yadix Review - Is it scam or safe?

Yadix Review - is yadix.com scam or safe forex broker?

RATING: 1.5 / 6 REVIEWS ForexBrokerz Yadix
Yadix is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Average Spreads (& Commission)
Classic $100 0.01 1:500 1.6 pips
Rebate $100 0.05 1:500 1.6 pips
Scalper $500 0.01 1:500 0.2 pips + $5*
Pro $10 000 0.1 1:500 0.2 pips + $3.5*

 

*Commission is calculated per standard lot per side.


Yadix` clients may choose from several account types, all of which provide market execution in a NDD environment, variable spreads and leverage up to 1:500. Micro lots are available on all account types, except the Pro one. Bonuses are offered on commission-free Classic & Rebate account types, while Scalper & Pro account holders may benefit from free VPS hosting services.

 

In fact, spreads on commission-free accounts are above the average range of 1.0 – 1.5 pips for the EUR/USD pair, while trading costs (spread + commission) on the Scalper & Pro accounts are around 1.2 pips per standard lot, which is standard for the FX industry.

 

The Company. Security of Funds

 

Founded in 2014, Yadix offers trading in forex, CFDs on indices & commodities, as well as precious metals on the widely used MetaTrader 4 platform.

 

The company behind the brand is Quantix Financial Services Limited, which is licensed by the International Financial Services Commission (“IFSC”) of Belize. It also operates the IV Brokers brand.

 

Belize is a popular offshore financial centre, where the licensing requirements are looser compared to other jurisdictions, however, its regulation regime is tighter than in other offshore destinations. As of the end of 2015 and the beginning of 2016, the IFSC increased the initial minimum capital requirement for financial and commodity-based derivatives brokers from $100,000 to $500,000. Besides, the commission also increased the annual license fee from $5,000 to $25,000.

 

Nonetheless, we generally advise traders to avoid offshore companies, including Belize-based ones, and to invest with brokers regulated by reliable authorities such as UK’s FCA, or Australia’s ASIC

 

What is more, Forex Peace Army says that there are two FPA Traders Court guilty verdicts against Yadix.  That is why the FPA recommends an extremely high level of caution dealing with this broker.

 

Trading Platforms

 

Yadix works with the most widely-used trading platform in the industry – MetaTrader 4 (MT 4). MT4 is the preferred platform by most traders, because it allows full automatization of trades by the so called Expert Advisors (EA). What is more, it offers a number of built-in technical indicators, extensive back-testing environment and advanced charting package.

 

Here is a list of more forex brokers offering MT4 platform.

 

Methods of Payment

 

YADIX offers its clients various payment modes: credit/debit card, bank wire transfer, and popular e-wallets Skrill, Neteller, CashU, Qiwi, WebMoney, FasaPay, Moneta, Yandex Money, iDEAL, PaySafeCard, MisterCash, AliPay.

 

Conclusion

 

YADIX is yet another offshore broker that provides online trading services in forex and various CFDs on the popular MT4 in pure NDD environment. Our main concern with this broker is that it is loosely regulated and that the FPA Traders Court has ruled two guilty verdicts against it. Here are, in a nutshell, the pros and cons of Yadix:

           

Pros                                                                                                      Cons
MT4 available        Offshore broker, possibly a scam
No-Dealing-Desk mode High spread on Classic & Rebate accounts
High leverage levels available  

 

Latest news about Yadix
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Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
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Traders` reviews for Yadix

Spread

Pros

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Slippage

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Requotes

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Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

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Summary

Pros

Cons

 

 

Yadix Broker For Scalping

I think Yadix Broker is the best broker for Scalping. Execution is very fast, always accurate, some small slippage positive and negative which is normal for STP trading, but the platform gives you freedom to scalp with no restrictions. Good solif STP broker

Nasser 04/11/2017

Good STP Broker

Never had any issue with trading with Yadix Broker, I satrted there in 2011 and traded on various rebates accounts with them. Very stable MT4 and nice conditions, no issues from me.

Craig 03/24/2017

Solid Broker

Yadix is a solid broker with good performance and no disconnections in the news like many major brokers do to mess up your trades. Spreads they publish are very accurate and conditions are great for scalping/news trading

Solomon 02/27/2017

Unbelivable spreads

Usually i am disappointed with spreads during news, weekend, or rollover, but Yadix spreads are unbelievably tight, more recently they added extra liquidity and they are perfect for fast execution and filling

Amir 01/19/2017

Amazing rebate programm

I'm trading with Yadix more then 2 years and so far everything is ok. Now I'm trading with Instant rebate program and getting $12 fixed per lot traded. Honestly I'm trading with other brokers as well, but such cash back I've never seen.

Panicos 01/13/2017
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