Yadix Review

MIN. DEPOSIT $100
Up to 500:1
Up to $10,000 BONUS
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Yadix
Up to $10,000
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Overview

Company Information Yadix is one of the relatively new Forex online trading brokers who started its operations in 2012. The brand is owned by Quantix Financial Services Ltd. and is… more

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Details

BrokerYadix
Website URLhttp://www.yadix.com/
Founded2010
HeadquartersBelize
Support Number+44 (0) 203 239 6117
Support Emailsupport@yadix.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Russian, Indonesian
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
Maximum Trade Amount100 lots
BonusUp to $10,000
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationInternational Financial Services Commission of Belize
Account TypesClassic, Rebate, Scalper, PRO
Deposit MethodsSkrill, Neteller, Webmoney, Credit/Debit Card, Qiwi, CashU, Bank Transfer, FasaPay, Moneta, Yandex Money, iDeal, MISTERCASH, InstaDebit, PaySafeCard, AliPay
Withdrawal MethodsSkrill, Neteller, Webmoney, Credit/Debit Card, Qiwi, CashU, Bank Transfer, FasaPay, Moneta, Yandex Money, iDeal, MISTERCASH, InstaDebit, PaySafeCard, AliPay
Types of AssetsForex, Commodities, Indices
Account CurrencyEUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Yadix is one of the relatively new Forex online trading brokers who started its operations in 2012. The brand is owned by Quantix Financial Services Ltd. and is regulated by the IFSC in Belize. The company’s headquarters are located in Tortola, the British Virgin Islands. Despite its short history, this company has already won the attention of many traders around the world. U.S. traders are not allowed on the platform but otherwise it’s suitable for every other country. Yandex has made the name of a great Forex brokerage for expert scalpers. The people from the company insist on this being their strongest side over the competitors. They create perfect trading conditions and even specialized account types for traders who are professionals at scalping. That being said, the platform also offers other great features and trading instruments. No dealing desk, superb order execution, excellent trading tools (free VPS included) and a secure trading experience. Let’s see what types of accounts Yadix has to offer.

Trading Information

Their first account is called the “Classic” account. It offers variable spreads of 1 pip and above. With a relatively small deposit requirement of $100 this account is perfect for beginner traders. Hedging and scalping are allowed, and you have the option of anonymous trading. Maximum leverage is set to 1:500 and expert advisors are supported. There is no commission, and the minimum trade size is 0.01 lots. Next is the “Rebate” account option. It gives you pretty much the same trading conditions and features like the “Classic” one but with a few differences. The $100 minimum deposit requirement is the same, but here you have commissions, and the minimum trade size is set to 0.05 lots. The “Scalper” account is the specialized account type we mentioned above. It has a minimum deposit requirement of $500 and has spreads that start from 0.00 pips. Commission is 5 EUR/USD per side per lot. The order executions are ECN, and you don’t have access to promotions (the Classic and rebate accounts have that access). Last but not least, it’s the “Pro” account. It’s pretty much self-explanatory that this account is for professional traders and offers the best trading features and conditions. The spreads are the same as in the “Scalper”, but you don’t have rebates, and you have a much higher minimum deposit requirement ($10 000). For this you get lower commissions (3.5 EUR/USD), you have free VPS included from the start (for the other account types you have to deposit additional funds for that), and the minimum trading size is upped to 0.1 lots. Swap free versions of these accounts are also available. All of the account specifics are carefully explained on their website.

Trading Platforms

The trading platform chosen for the Yadix online trading brokerage is non-other than the famous Metatrader4. This platform has been around for about a decade, and it has been polished to perfection. The Metatrader4 (MT4) platform offers the features of one-click trading, trading from charts, over 30 indicators and much more. It’s very stable and offers quick access to markets along with orders for under a second. With its multi-lingual support it easy to use from beginner or expert traders. The MT4 works with every modern computer and mobile devices. It has support for Windows and Mac operating systems. There are dedicated mobile apps for Android and Apple mobile phones and tablets. The only downside of the MT4 is the lack of a WebTrader platform. Meaning, you’ll always have to download and install it on your device if you want access to the Yadix platform. However, this is the only weakness that it has. It’s bug-free, secure and works flawlessly.

Security and Customer Services

Security at Yadix could be a bit better. The company hasn’t made the effort to implement an SSL encryption on their website (even on their open account page) which means your personal data is a bit vulnerable when using the website. On the upside is their license from IFSC and the fact that they try their best to support the most suitable liquidity for their clients from over 15 banks. Customer support is also great with plenty of ways to contact the company’s employees. You have live support, Skype chat, plenty of phone numbers (for different countries, clients, and questions) and a couple of emails you can contact. There is a thorough FAQ page where you can find answers to the most frequently asked questions. It’s a bit disappointing to see that there is no dedicated educational page for beginner traders. There is some information about it but there are aren’t any reading materials that could be helpful. This could be bothersome for a newbie who wants to learn how to trade.

Deposits and Withdraws

There are plenty of deposit options offered by Yandex. In fact, there are more than 15 and most of them have instant processing times. The only slower deposit methods as expected is the Bank Wire. The minimum deposit requirement for every method is $100. Maximum deposit limits go from $3000 to an unlimited amount. There is no deposit charging fees mentioned on their website. To make a withdrawal you have to fill out a withdrawal form and send it for processing. Processing times are within 24 hours which is quite fast. You can use the same money transfer method as for your deposit or choose a different one; it’s up to you. There are no mentioned withdrawal fees, but you might want to double check on that with a company’s employees. There is not much else to say about funding your account, it’s quick, there plenty of transfer methods and the process is simple for everyone.

Deposit Bonus and Loyalty Programs

Currently, Yandex offers several promotions. The first one is the “Instant Rebate Program – $12 per lot”. This means that no matter if you win or lose you’ll get $12 for every lot traded. The second one is the $25 no-deposit bonus. This means you’ll get free $25 to test out the platform and even withdraw them if you make a winning trade.

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