YADIX
Pros and Cons
Pros
- Regulated by Seychelles Financial Services Authority (FSA)
- Diverse trading instruments including forex, commodities, and indices
- Fast execution speeds under 15 milliseconds
- No dealing desk execution model for transparent trading
- Multiple account types catering to different trading strategies
Cons
- Not regulated in major jurisdictions like the US or UK
- High minimum deposit of $100 across all account types
- Limited selection of trading instruments, particularly in stocks
- Withdrawal fees applied for e-wallets
- Inactivity fee of $20 after three months of dormancy
Basic Information
User Reviews
YADIX Overview
YADIX is a forex broker established by Quantix FS Limited, located in Seychelles. With an operating period of 5-10 years, YADIX is recognized for providing regulated trading services under the oversight of the Seychelles Financial Services Authority (FSA). This regulatory status ensures that clients benefit from a secure trading environment, enhancing trust and confidence in the broker’s operations. The broker’s commitment to client security and transparency is a significant aspect of its reputation in the forex trading community.
YADIX offers a variety of trading instruments, primarily focusing on forex, along with commodities and indices. The trading experience is facilitated through the popular MetaTrader 4 platform, known for its robust features and user-friendly interface. Client support is available to assist traders, reflecting a dedication to customer service. YADIX distinguishes itself through its no dealing desk execution model, which allows for direct access to market liquidity, ensuring fast order execution and minimal trading costs. This combination of features positions YADIX as a competitive choice for both novice and experienced traders seeking a reliable broker for their trading needs.
Is YADIX Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Seychelles Financial Services Authority (FSA) | Seychelles | Segregated Accounts, Negative Balance Protection |
Is YADIX Regulated and How Are Client Funds Protected?
YADIX is regulated by the Seychelles Financial Services Authority (FSA), operating under license number SD 021. This regulatory oversight is crucial as it ensures that the broker adheres to certain operational standards, providing a level of security for its clients. Client funds are protected through measures such as segregated accounts, which keep client funds separate from the broker’s operational funds, ensuring that they are secure and available for withdrawal. Additionally, YADIX offers negative balance protection, safeguarding clients from incurring losses that exceed their account balance. This combination of regulatory oversight and fund protection measures contributes to YADIX being recognized as a legit broker in the forex trading environment.
Trading Products and Services
What Trading Instruments Does YADIX Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
YADIX offers a diverse selection of trading instruments, catering to a wide range of traders from beginners to professionals. The range includes popular forex pairs, various commodities, and key stock indices, enabling traders to explore multiple markets. This breadth of products allows for effective portfolio diversification and the flexibility to implement various trading strategies. Whether one is looking to engage in short-term trades or long-term investments, the variety of instruments available at YADIX supports different trading styles and preferences, making it a suitable choice for all types of traders.
Account Types and Trading Conditions
What Account Types and Fees Does YADIX Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | New traders and low-volume traders | Low spreads starting from 1.0 pips, no commissions | Minimum deposit of $100 |
| Scalper Account | Scalpers and high-frequency traders | Low spreads starting from 0.0 pips, commission of $3.5 per lot | Minimum deposit of $500 |
| Pro Account | Experienced and high-volume traders | Low spreads starting from 0.0 pips, commission of $2.5 per lot | Minimum deposit of $2,500 |
| Islamic Account | Traders following sharia law | Swap-free trading conditions | Available for all account types |
| Demo Account | All traders for practice | Simulates live trading conditions with virtual funds | Available for testing strategies without risk |
Account Opening Process
To open an account with YADIX, follow these steps: First, visit the official YADIX website and click on the “Get Started Now” button. Next, select your preferred account type and fill in your personal details, including your address and financial information. After submitting your application, you will need to complete identity verification by providing a valid ID and proof of address. Once your account is verified, you can make a deposit to start trading. YADIX also allows flexibility in upgrading to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| CFDs (Indices, Commodities) | Varies | Varies | Depending on market conditions |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
YADIX does not charge any deposit or withdrawal fees, which is advantageous for traders. However, there is an inactivity fee of $20 for accounts that remain dormant for three consecutive months. Additionally, overnight interest may apply to positions held beyond 24 hours, and currency conversion fees may be incurred for deposits or withdrawals in currencies other than USD or EUR.
Trading Platforms and Apps
What Trading Platforms and Apps Does YADIX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Login security (encryption), multiple order types, technical indicators, price alerts | Demo accounts, API interface |
| Web Version | Any device with internet access | One-click trading, market searching, real-time alerts | Demo accounts |
| Mobile App | iOS, Android | Secure login (biometrics), push notifications, symbol lookup | Demo accounts |
YADIX provides various trading platforms to cater to diverse trader needs. The MetaTrader 4 platform is ideal for comprehensive trading with various tools and features, suitable for both novice and experienced traders. The web version allows for convenient access from any device, ensuring that traders can manage their accounts without the need for software installation. The mobile app enhances trading on the go, offering secure login options and real-time alerts. Overall, YADIX emphasizes mobile trading, quick order execution, and robust security measures, facilitating a seamless trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1–3 business days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $100, Max $5,000/day | USD, EUR |
| E-wallet (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge on withdrawals | Min $50, Max $20,000/day | USD, EUR |
Minimum Deposit
YADIX requires a minimum deposit of $100 to open a trading account. This minimum deposit is consistent across all account types and payment methods, ensuring accessibility for both new and experienced traders.
How to Withdraw
- Log into your YADIX trading account.
- Navigate to the ‘Withdraw Funds’ section.
- Select your preferred withdrawal method.
- Enter the withdrawal amount, ensuring it meets the limits.
- Complete any required verification steps.
- Submit your withdrawal request and await processing.
Customer Support
YADIX Customer Support Overview
Support Channels
YADIX provides multiple support channels to assist clients effectively. Traders can reach out via:
- Email: Clients can contact support at support@yadix.com.
- Live Chat: Instant assistance is available through the live chat feature on the YADIX website.
- Telephone: Customers can call support at +44 (0) 203 239 6117 for direct help.
- Social Media: YADIX is also reachable through platforms such as WhatsApp, Telegram, and Skype for convenient communication.
Service Availability
YADIX offers customer support during regular business hours, ensuring that assistance is readily available when needed. The support team is available 24/5 to help clients with inquiries or issues. Additionally, YADIX provides multilingual support, catering to a diverse clientele.
Frequently Asked Questions
Yes, YADIX is regulated by the Seychelles Financial Services Authority (FSA), which ensures adherence to operational standards. Client funds are protected through measures such as segregated accounts and negative balance protection, which secures clients from losses exceeding their account balance.
YADIX offers a diverse range of trading instruments primarily focused on forex, along with commodities and indices. This includes major and minor forex pairs, gold, silver, crude oil, and key stock indices, allowing traders to explore multiple markets and diversify their portfolios.
To open an account with YADIX, visit their official website and click on the ‘Get Started Now’ button. Choose your preferred account type, fill in your personal details, and complete identity verification by providing a valid ID and proof of address. Once verified, you can deposit funds to begin trading.
YADIX provides multiple support channels, including email at support@yadix.com, a live chat feature on their website, and telephone support at +44 (0) 203 239 6117. They offer assistance during regular business hours and have multilingual support to cater to a diverse clientele.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.