YForex

WikiFX | 2024-12-03 12:30

Abstract：YForex is an FX broker but not exclusively for all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training, and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments with a maximum leverage of 1:500. The broker also provides Islamic and demo accounts. The minimum spread is from 0.0 pips on EURUSD and the minimum deposit is $0. YForex is still risky due to its unregulated status.

YForex Review Summary
Founded	2004-02-15
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex/Commodities/Indices
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.0 pips(on EURUSD)
Trading Platform	MT4(Windows/Macintosh OS/iOS/Android)
Min Deposit	$0
Customer Support	Phone: +44 33 0808 3344/+44 56 0002 2965
Customer Support	Email: info@yforex.comsupport.yforex
	24/5 live support

YForex Information

YForex is an FX broker but not exclusively for all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training, and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments with a maximum leverage of 1:500. The broker also provides Islamic and demo accounts. The minimum spread is from 0.0 pips on EURUSD and the minimum deposit is $0. YForex is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
24/5 live support	Unregulated
Spread as low as 0.0 pips	No 24/7 customer support
Leverage up to 1:500	No more fee information
MT4 available
Demo account available
35% bonus rebates

Is YForex Legit?

YForex is not regulated, making it less safe than regulated brokers.

What Can I Trade on YForex?

YForex offers various market instruments, including forex, indices, and commodities.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	❌
Precious Metals	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

YForex has 5 live account types with different opening conditions: Regular, STP, Interbank, VIP, and Islamic. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a regular or Islamic account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type	Regular	STP	Interbank	VIP	Islamic
Minimum deposit	$0(-$200)	$201	$1000	$5000	$0
Spreads from	0.9 pips(on EURUSD)	0.9 pips(on EURUSD)	0 pips(on EURUSD)	0 pips(on EURUSD)	0.7 pip
Commission	None	None	$3.5 per lot	$2.5 per lot	None
Leverage	1:500	1:300	1:200	1:50	1:200
Margin call	50	50	50	20	50
Stop Out	10	20	20	20	20

YForex Fees

The spread is as low as 0 pip, the commission is from 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

YForex cooperates with the authoritative MT4 trading platform available in Windows, Macintosh OS, iOS, and Android. MT4 not only provides various trading strategies but also implements EA systems.

Trading Platform	Supported	Available Devices
MT4	✔	Windows/Macintosh OS/iOS/Android

Deposit and Withdrawal

The minimum deposit is $0 but the starting deposit is $5. xx accepts Wire Transfer, VISA, MasterCard, Skrill, NETELLER, MECAIRANSFER, Perfect Money, and Fasapay for deposits and withdrawals.