Opinions and information about the broker YFX Capital
¿It is the really reliable YFX Capital broker? Is it safe for you to invest your money with this company? In this section we will analyze the broker and its reputation as such on the internet.
We invite anyone who has experience with this company, to leave a comment with their experience and to give the broker a score.
YFXCapital broker is a Forex and CFD broker and is owned by TW capital LTD. The broker is based in the Marshall Islands. When analyzing the broker's website, we noticed that it is not regulated, it is an unregulated broker.
Now we will go on to analyze the different types of broker account, in this case, 3: the Silver Account, the Gold Account, and the Platinum Account.
We will start with the Silver Account: the minimum initial deposit is $ 2.500, fixed spread from 1 pip and variable from 5, maximum leverage of 1: 400, minimum operation in lots of 0,1 lot.
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It is followed by the Gold Account: the minimum initial deposit is $ 10.000, fixed spread from 0,7 pips and variable from 0,5, it is possible to trade Forex, CFDs, commodities and indices.
The last type of account is the Platinum Account: the minimum initial deposit is $ 25.000, fixed spread from 0,4 pips and variable from 0,5, it is possible to trade with all instruments: Forex, indices, CFDs and commodities.
The platform for trading is the popular MetaTrader 4.
Now, yes, we will go on to analyze the different resources and aids that the broker provides to traders on its website: the broker, in this case, provides resources such as an explanation of different instruments to operate, an explanation of technical analysis and fundamental analysis ( although both explanations are in English), an economic calendar that at the time of writing the review does not work and a section with educational videos that does not work either.
YFXCapital broker features
Additional information about the company
Phone number: 34935504852 (Spain), 442080684238 (UK)
E-mail: [email protected]
Clarification: YFX Capital works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is negativeDue to the information that the broker provides on its website, it does not mention its regulation anywhere, we believe that it is an unregulated broker. We have also found mostly negative comments on the internet.
Actualización: We recently noticed that the CNMV (Spanish regulatory body) issued a warning against YFX Capital, for providing services in Spain without authorization.
Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.
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