de | cn | ru

YFX Capital Review - Is it scam or safe?

YFX Capital Review - is yfxcapital.com scam or good forex broker?

RATING: 1 / 0 REVIEWS YFX Capital
YFX Capital is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts & Conditions

 

Account type Minimum deposit Minimum trade size Maximum leverage Spreads (& Commission) 
Mini $250 0.01 1:400 Fixed at 3.0 pips
Silver $2 500 0.1 1:400 Fixed at 1.0 pips / Variable from 0.5 pips
Gold $10 000  0.1 Upon Request Fixed at 0.7 pips / Variable from 0.5 pips

 

YFX Capital offers several account types, which basically offer commission-free trading on the MetaTrader 4 platform with fixed spreads and high leverage levels. In order to use variable spreads, one has to invest at least $2 500. Micro tradeable lots are available solely on Mini accounts. 

 

Indeed, a minimum initial investment of $250 is standard for the forex industry, however, the problem is that with that deposit you don’t get good trading conditions. A spread fixed at 3 pips for the EUR/USD pair is far too high. Most fixed-spread brokers provide a spread of 2 pips for this pair.

 

In comparison, with an initial investment of $100, one may trade with spread averaged 0.5 pips on EUR/USD and commission of $7 per lot (round turn) with FxChoice. For further information and comparison, you may check out real-time spreads of 15 leading brokers here.

 

The Company. Security of Funds

 

Company Country Regulation
T.W capital LTD Marshall Islands N/A

 

YFX Capital offers trading in over 45 currency pairs, as well as numerous CFDs on the industry’s standard MetaTrader 4 platform. It looks like this broker acts as a market maker, as it offers mainly fixed spreads and no STP/ECN trading environment.

 

The brand is operated by T.W capital LTD, a company registered on the Marshall Islands. Brokers based in Marshall Islands are not under any regulation and you should be aware of all the risks associated with investing with offshore companies. What is more, the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV) has warned that YFX Capital is not authorized to provide the investment services in the country.

 

We generally advise traders to avoid offshore brokers and to invest with companies regulated by reliable authorities such as Cyprus’ CySEC or Australia’s ASIC

 

Trading Platforms

 

Like most brokers, YFX Capital supports MetaTrader 4 (MT4), available as a desktop, web-based versions, and mobile applications.

 

Although there may be newer and even better trading platforms, MT4 has stood the test of time. Apart from its reliability, this platform is easy to use and provides a number of useful trading tools. There are, for example, wide range of technical analysis indicators, and new custom-made ones are being regularly added to the broker independent MQL marketplace. Besides, the MT4 supports multiple types of orders, hedging, automated strategies (EAs) and third-party APIs.

 

YFX Capital’s desktop MT4. Click to enlarge.

 

Methods of Payment

 

YFX Capital offers its clients only credit/debit card, and bank wire transfer as payment methods. Popular e-wallets such as Skrill, and Neteller, are not supported.

 

Conclusion

 

YFX Capital is an offshore broker and supposedly market maker that provides online trading services in forex and various CFDs via the widely used MT4platform. Although its product portfolio is rich, the spreads are too high. To sum up the above:

 

Pros Cons
MT4 available Not regulated
Extensive product portfolio High fixed spreads
  Market maker model
  Limited payment methods

 

Latest news about YFX Capital
No news about YFX Capital . Check back later.
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
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
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for YFX Capital

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

de | cn | ru