YLDFX

General Information & Regulation

YLDFX is a Forex and CFD broker based in St. Kitts and Nevis, established in 2019. There is no regulation laws displayed on the YLDFX official website, that is to say, this broker is an unregulated one. Traders are not advised to trade with unregulated brokers, as they cannot gaurantee fund safety.

Markets Instruments

Investors can trade over 30 currency pairs, CFDs on 9 indices, as well as oil and gold with YLDFX. Overall, tradable instruments available on the YLDFX is pretty average compared with many other brokers.

Minimum Deposit

YLDFX offers a live trading account and a demo account. Traders are required to fund at least $250 to start trading. However, since YLDFX is an unregulated broker, it is unsafe to trade with broker. Many other brokers actually requires much less initial deposit, around $100 or equivalent amount.

YLDFX Leverage

The maximum trading leverage offered by YLDFX is relatively high, reaching up to 1:400. Unregulated brokers usually offer high leverage level to attract traders.

Spreads & Commissions

YLDFX's standard account offers a spread of 1.2 pips on the EURUSD pair, which is relatively normal.

Trading Platforms

YLDFX offers investors the leading MT5 trading platform on the market today. MT5 not only is equiped with all the positive features of MT4 but also contains more market indicators and a wide selection of trading bots that help traders run algorithmic trading.

Deposit & Withdrawal

YLDFX only supports traders to deposit and withdraw funds to and from their investment accounts via wire transfer, which is quite peculiar compared to other brokers welcoming multiple popular payment methods.

YLDFX Pros & Cons

YLDFX Advantages Include:

1. MT5 Available

2. Acceptable minimum deposit

YLDFX Disadvantages Include:

1. No regulation

2. One trading account type only

3. Less variety of trading assets

4. Only supporting wire transfers for deposits and withdrawals