YADIX Review

Overall YADIX is a trustworthy and low-risk broker with an overall rating of 5 out of 10. YADIX is authorized and regulated by FSA and offers leverage up to 1:500.

YADIX at a Glance

YADIX  Review – 19 key points quick overview:

1. YADIX Overview
2. YADIX Safe or scam
3. YADIX Leverage
4. YADIX Accounts
5. YADIX Market instruments
6. YADIX Fees
7. YADIX Deposit and Withdrawal
8. YADIX Trading Platforms
9. How to open a YADIX account step by step
10. YADIX Customer support
11. YADIX Education
12. YADIX Research
13. YADIX Awards
14. YADIX Best Countries by Traders
15. YADIX Customer Reviews
16. YADIX Pro and Cons
17. Conclusion
18. Disclaimer
19. Frequently Asked Questions

YADIX Overview

According to research in South Africa YADIX has been in operation since 2010 and is an ECN/STP broker.

YADIX may be owned by Quantix FS Limited, a financial services company in Seychelles and regulated by the Financial Services Authority of Seychelles (FSA), although another source suggests that YADIX is a Russian Broker based in the Virgin Islands. A third however says it is the trading name of a service provider in Belize, under the regulation of the IFSC (International Financial Services Commission).

The broker boasts that its liquidity is provided by 14 tier-1 banks, ECNs, and non-bank providers and the broker renders its services to retail, institutional and professional clients globally.

YADIX Safe or scam

One of the best benchmarks to measure the safety of a broker like YADIX is to establish which regulating authorities are watchdogs over its actions.

It seems that YADIX is regulated, although the information is contradicting and confusing. Its website states that it is powered by Quantix FS Limited, regulated by the Financial Services Authority of Seychelles (FSA), while another suggests that it is a Russian Broker in the Virgin Islands and a third suggests it is a service provider in Belize, under the regulation of the IFSC (International Financial Services Commission).

YADIX Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

YADIX offers a maximum leverage ratio of 1:500.

YADIX Accounts

A forex account at YADIX is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

  YADIX offers the following types of accounts:

Demo Account

The YADIX demo account has $100 000 virtual trading cash to test out the M4 trading platform.

  Classic Account

This account can be opened with a deposit of $100 / R 1 713,42. Spreads start from 1 pip, leverage up to 500:1 can be used and the minimum trade size is 1 micro lot (0.01).

The account has no commission, no limit and stop levels, and allows hedging, scalping, and Expert Advisors.

  Rebate Account

This account requires a $ 100 / R 1 713,42 deposit. Spreads start from 1 pip, leverage up to 500:1 can be used and the minimum trade size is 0.05 lot. The commission is $5 per side per lot.

  Scalping Account

A minimum of $500 / R 8 582,36  is required to open this account. Spreads start from 0.0 pips and leverage up to 500:1 may be used. The minimum trade size is 1 micro lot, the commission is $5 per side per lot.

  Pro Account

The minimum deposit to open this account is $10 000 / R 17 2629. Spreads start from 0.0 pips, leverage up to 500:1 can be used and the minimum trade size is 1 mini lot (0.1).

The commission is $3.5 per side per lot, a free VPS is available.

YADIX Market instruments

  The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.

Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

YADIX offers the following of the above: more than 50 instruments in four asset classes, including forex pairs, indices, metals, and energies.

Forex pairs include major and some minor currency pairs, gold, silver, Brent, and crude oil, as well as a variety of stock index CFDs (indices) from well-known stock markets like FTSE 100, Nasdaq 100, Euro Stoxx 50, and the Swiss Market Index.

YADIX Fees

Cost depends on different factors, like spread and margins, and YADIX clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

YADIX boasts about spreads as low as 0.0 pips on major pairs but charges relatively high commissions on all account types except the Standard account. For the Rebate account, you may pay up to a $10 commission per round lot traded, Scalper accounts may carry commission fees of $10 per round lot, whilst Pro accounts have a fee of up to $7.

YADIX Deposit and Withdrawal

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.

In the case of YADIX, a minimum deposit of $100 is required to open a Classic Account or Rebate Account, $500 to open a Scalping Account and $10 000 to open a Pro Account.

  Payment options such as:

Skrill, Neteller, Credit and debit cards, local bank transfers, PerfectMoney, FasaPay, CashU, Qiwi, iDEAL, PaySafeCard, bank wire, AliPay, and M-PESA may be used to fund accounts while withdrawal options include Skrill, Neteller, Credit and debit cards, FasaPay and Bank wire.

Most withdrawals can be processed on the same day.

YADIX Trading Platforms

The forex trading platform provided by YADIX to its clients is in essence the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.

YADIX provides YADIX offers the popular MetaTrader 4 platform for Windows.

How to open a YADIX account step by step

Opening a Life Account with YADIX is a relatively simple process, which will consist of the following steps:

Step 1 – Open Your Account

Visit the YADIX website, Click on “Start Live Trading” in the top middle of the website

Step 2 – Fill out the form

• You will be prompted to select your country of residence.
• Select the option to open an account type, and complete the registration form
• Once you have read and accepted the terms and conditions, you can submit your registration form
• Upon acceptance of your Live account registration, you will be taken to your Live account

YADIX Customer support

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of YADIX customers can reach the support team by means of email, telephone, or live chat.

YADIX Education

Before starting to trade, potential clients of YADIX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

YADIX does offer its own education center with e-books and videos where new traders can learn how to trade forex, improve their trading strategy and get trading tips from forex professionals.

YADIX Research

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.

With YADIX they have access to a real-time forex economic calendar which allows them to keep track of economic events, news, and indicators that affect the forex markets.

YADIX Awards

Being an awarded company instills extra confidence in traders.  Although YADIX is acclaimed by customers, there is no indication of awards won on its homepage.

YADIX Best Countries by Traders

YADIX Customer Reviews

Great conditions at Yadix

The conditions are excellent at Yadix broker, you do not have the restrictions like many brokers force on you, and here they encourage successful trading. Spreads 0 pips, low commissions on their ECN accounts.

But I got the iPhone 13 pro gift, I traded 50 in three months which was easy and I choose to take the $1,000 cash equivalent instead of the gift as I have an iPhone.

Copy trading

I tried the STP winner trading robot and it has been making a handsome profit of around 15 to 25%. I only hope that it continues this way for life. I know that there will surely be times of losses in the forex market but if my general profit is more than the overall loss, I am still very fine.

Tools

There are some trading tools that I find useful. Like the Virtual Private Server (VPS), an economic calendar that displays upcoming events and it is usually up to date, I don’t have to visit third-party sites to know about upcoming events since Yadix has an up-to-date calendar. It also has the data center that I use for backtesting and testing EA efficiency.

YADIX Pro and Cons

Conclusion

Overall, YADIX is a  trustworthy and reliable broker that provides traders with ample digital tools. YADIX is powered by Quantix FS Limited, regulated by the Financial Services Authority of Seychelles (FSA).YADIX provides YADIX offers the popular MetaTrader 4 platform for Windows.

Disclaimer

YADIX warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with YADIX, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

YADIX warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence YADIX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Frequently Asked Questions

Trading environment

How many instruments can I trade with YADIX?

You can trade several different instruments with YADIX, which include:

Forex pairs

Indices

Metals

Energies

Indices

ETFs

CFDs

Which platforms are supported by YADIX?

YADIX provides the following popular trading platforms:

MetaTrader 4

Does YADIX offer leverage?

Yes, YADIX offers maximum leverage of up to 1: 500

Does YADIX charge a commission?

More information on commissions can be obtained from the customer support service.

What is the overall rating out of 10 for YADIX?

5/10