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Forexyard FSA review


 
Editor rating
 
3.8 User rating
 
0.0 (0)

A Forexyard FSA account gives traders access to a highly comprehensive and intelligent automated trading mechanism, where one has to simply select a strategy and the trading account works on auto-pilot. Forexyard FSA shows a signal history over the last year. This implies that a trader can view a particular strategy's performance over this time frame and make an informed selection. The strategy chosen will automatically buy, sell, and open and close positions.

 

Forexyard FSA has a very user-friendly. From choosing a system and opening a trade to viewing history and managing the account, the system offers a seamless experience.

Contact Info

Website www.forexyard.com
Supported Languages EnglishArabicChineseFrenchItalianSpanishPortugueseTurkishKorean • Swedish
Phone 1-212-796-6939
E-Mail support@forexyard.com
Online Form Yes
Online Chat Yes

Trading Info

OS Windows • Mac • iPhone • Blackberry
Max Leverage 200:1
Currency pairs 27
Commission Charged  No
Markets other than Forex Gold • Oil • Stock indices • CFDs
Minimum Investment 2000
Amount Allocated by Demo Account  10000
Bonus $300 Bonus

service Info

Year started 2,009

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Editor review

Forexyard FSA review

Overall rating: 
 
3.8
Ease of setting up an account:
 
4.5
Ease of use:
 
3.5
Money transactions issues:
 
3.5
Customer support:
 
3.5
Reliability:
 
4.0
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Reviewed by Forex Rate It!
January 09, 2011
#1 Reviewer
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Last updated: June 16, 2011
0 of 0 people found the following review helpful
ForexYard FSA is fast becoming a sought-after automated trading system as it provides traders with a wide range of technical tools and trading benefits. Traders have an option to select from 27 currency pairs. The system also supports commodity trade, including gold and oil.

The user friendly system has become popular with novice traders, giving them the option to test with a demo account before investing real money. Moreover, ForexYard FSA has advanced trading features, including sophisticated charting software and technical indicators; making it just as popular with professional traders.

Some other key features of Forexyard FSA are:

Multiple Currency Pairs and Spreads

Currently, ForexYard FSA supports 27 currency pairs. Spreads start as low as 3 pips for popular pairs like EUR/USD, and 4 pips for USD/JPY, USD/CAD, USD/CHF, GBP/USD and EUR/JPY. Additionally, one can trade in several exotic pairs, including USD/NOK (US dollar versus Norwegian Kroner) and USD/SEK (US dollar against Swedish Kronor). Note that, the spreads tend to be considerably higher for the exotics than for the majors.

Robust Mobile Trading

With a robust mobile trading compatibility feature, Forexyard FSA enables traders who are constantly on-the-go to stay at the top of recent news and the subsequent development of their investment. As the system is JAVA-based, it can be downloaded from the forexyard website for Blackberry, iPhones, Android cell phones, Symbian OS and Windows Mobile devices. Mobile trading enables Forexyard FSA users to implement forex as well as commodity trading 24-hours a day, from anywhere in the world. One can view open positions, live dealing rates, and even modify and cancel orders from their mobile device.

Attractive Sign-up Bonus

Opening an account with ForexYard FSA entitles one to an attractive start-up bonus. Presently, it offers 10 % cashback to all accounts with $1000 as the minimum deposit. The cashback can be claimed up to deposits of $10,000.

Several Payment Methods

Forexyard FSA is available for open trading with credit cards. This means that trades can be executed within minutes. The system accepts payments from Mastercard, Visa, Maestro, Diners Club and bank transfer. Debit card payments have also been initiated recently.

Active Customer Support

The help desk of Forexyard FSA is open 24-hours a day, starting 5:00 PM Sunday New York time to 2:00 PM Friday New York time. Additionally, the website interface can be viewed in multiple languages, including English, Arabic, German, French, Dutch, Turkish, Chinese, Russian, Spanish and Italian.

Pros and Cons

Pros: - Immediate trade execution
- Continuous market updates
- Fixed spreads, ensuring guaranteed profits
Cons: - Poorly designed virtual tour
- Allows only one hedge position for each currency pair