General Information & Regulation
YallaFX is a South African registered online Forex and CFD broker based in Seychelles. yallaFX claims to offer investors a range of financial trading instruments but does not accept US clients. yallaFX website does not show any active regulatory information.
Market Instruments
YallaFX claims to offer investors access to over 12,000 tradable instruments, including over 80 forex pairs, 25 global commodities, stock indices, and cryptocurrencies.
Minimum Deposit
With regard to minimum initial deposit, YallaFX doesn't make this part clear. In most cases, many broker would require at least $100 or equivalent amount as a start.
YallaFX Leverage
Trading leevrage varies depending on particular instruments. The maximum trading leverage is up to 1:500 for major currency pairs, 1:100 for commodities, gold & silver, and 1:10 and 1:20 for indices.
Spreads & Commissions
YallaFX official website mentions that its minimum spreads start from 0 pip but do not provide specific spreads for currency pairs, metals and commodities, only indicating that these are floating spreads. The spread for the 100 UK (100UK) is 200 pips, the spread for the Australian 200 (AUS200) is 450 pips, and the spread for the German 30 (DE30) is 200 pips.
Trading Platforms
YallaFX offers traders the flexibility to choose from various trading platforms, including MT5 trading terminal, YallaTrader, iPhone/iPad Trader, Android Trader, and MAM/PAMM social platforms.
Deposit & Withdrawal
YallaFX supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, American Express, Wire Transfer, DISCOVER.
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