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Forex broker YoutradeFX

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Forex broker YoutradeF

YoutradeFX-Broker Review

YoutradeFX is a regulated Forex broker founded in 2010 which offers the possibility to trade with currency pairs (spot Forex) commodities like gold and silver an Contracts For Difference based in a lot of instruments like stocks. Also, this broker offers direct access to the main stock exchanges in the United States.


Type of broker

YoutradeFX is a Market Maker and ECN broker. It offer both types of accounts.


Regulation

This broker does not have any regulation of an important financial services regulator.


Country of origin

The headquarters of this company are located in London, United Kingdom. Also, it has offices in other countries like Australia, Germany, Cyprus and Mauritius.


Trading Instruments

YoutradeFX is a Forex broker that offer the following instruments to trade in the market:

  • Forex market: 36 different currency pairs, from the most important like EUR/USD to others more exotic like NZD/USD for example.
  • Commodities: Gold, Silver, Oil in the spot market.
  • Contracts For Difference:CFDs based in the most important indices including NASDAQ and Dow Jones and 17 stocks like Google, IBM, GE, Apple and others.
  • Stocks:Currently, YoutradeFX allows to trade directly with U.S. market shares of the stock exchanges NYSE and NASDAQ.  To this end, this broker has the Wall Street Stocks trading platform.

* More information on Wall Street Stocks platform and trading conditions can be obtained via the following link:

-Stock Trading with Youtradefx


Trading Accounts

This broker offer several types of trading accounts for customers with different profiles:

  • Mini account: This is an account for novice traders or investors that are unwilling to invest much money in the account opening. It offers spreads from 3 pips for the EUR/USD.
  • Standard Account: Is the regular trading account of YoutradeFX. This account is for traders with more experience in the market and more capital to invest. It allow a maximum investment capital of $5000 and offers spreads from 3 pips.
  • Classic Account: This trading account is designed for professional traders who want to invest more money in the market. This account can be opened with a minimum of $5000 and it offers better trading conditions such spreads from 2 pips for the EUR/USD.
  • Premium Account: This is a trading account designed for big Forex market investors with a investment capital of more than $25000. It offer spreads from 1 pip for major currency pairs like the EUR/USD.
  • ECN Account: This type of account offer ECN trading conditions such as variable and very low spreads from 0.3 for currency pairs like the EUR/USD. There is no minimum deposit to open an ECN account.
  • Expert Advisor: It is a trading account designed for traders who want to invest in the Forex market through Expert Advisors. The Expert Advisor are automated trading systems designed to be executed in Metatrader 4. This account can be opened with $1000.
  • Algo Trading: Is another Forex autotrading account, designed for Forex market investors who want to trade through trading algorithms that work in a similar way to other automated trading systems such as Expert Advisors.  This account can be opened with a minimum of $10 000.

YoutradeFX allows to connect the client´s trading account with two of the main providers of Forex autotrading services, Zulutrade and Tradency which offer the following services:

  • Zulutrade: Automated execution of trading signals generated by real  traders who trade with this company or other brokers. The signals are executed directly through the user’s account.
  • Tradency: Automatic, semi-automatic and manual execution of trading signals generated by automated systems  to trade in the market  designed by experts traders with years of experience.  The systems selection is done through the online platform of Tradency and the execution of trading signals is done through the user’s account.

The regular trading accounts of YoutradeFX can be connected with a social trading tool developed by the company. Among other things, this application allows to follow and copy any trade performed by other traders that operate regularly with YoutradeFX, including experienced traders. Through this social trading tool, the clients of this broker can take advantage of the knowledge and experience of successful traders. More details about this feature can be obtained in the following article:

-Social Trading with YoutradeFX


Demo Accounts

Yes, with no limit of time.


Trading Platforms

YoutradeFX offer several trading platforms to its clients:

-Metatrader 4: Metatrader 4 is the most famous trading platform in the Forex industry. This is because it is equipped with a lot of advanced tools such as advanced charts, multiples technical indicators and other market analysis tools. It is a very reliable trading platform which offer several types or orders and other advantages for the trader. It allow the creation, implementation and evaluation of automated trading systems called Expert Advisors that can be used to trade automatically in the market.

-Webtrader: This platform is a web based application that does not need to be downloaded and installed in a computer. This platform based in Metatrader 4 allows customers to access their trading account and trade from anyplace with a computer and Internet connection at anytime. Despite not having the same number of advanced features compared with the downloadable version of Metatrader 4, this application gives the trader more flexibility to trade in the market.

-Metatrader 5: It is a new version of the most comprehensive trading platform in the sector which offers the same advantages as Metatrader 4 more additional ones. Metatrader 5 includes new tools for market analysis, among which we highlight some fundamental analysis. Allows operation with currency pairs, commodities, CFD´s, indexes, futures and shares of various financial markets. It also offers the possibility of using all types of commands and features the new version 5 of MQL programming language platforms.

-Mirror Trader: This is a web based application developed in conjunction with Tradency, one of the main providers of Forex autotrading solutions in the sector. This platform allows the automatic and semiautomatic execution of hundreds of trading strategies developed by expert traders with years of experience in the market.  In this case the trading signals generated by these systems can be executed automatically in the investor´s trading account through ECPro Autotrader. This type of automated trading is called Mirror Trading. More information about this application through the following link:

-Wall Street Stocks: This is a downloadable application designed to trade directly with U.S. market shares that are traded on the stock exchanges NYSE and NASDAQ.

-Mobile Platform:It is an application that offer the possibility to get real time quotes, charts, order entries and other features from the mobile device of the client. In other words, this platform give full access to the trading account from the cell phone and allow to control the open positions and open new ones.


Payment Options

The clients can make deposits and withdrawal through the following methods: bank wire transfer, credit card, Skrill (Moneybookers) and CashU.


Main Advantages of YoutradeFX

  • YoutradeFX offer a free risk trading account for beginners with no experience in the market.
  • This broker allow the execution of automated trading strategies through the platform Metatrader 4.
  • It has no minimum deposit for the ECN Account.
  • Several options of accounts and trading platforms.
  • Free market analysis tools.
  • It offers free Expert Advisors for its clients.
  • YoutradeFX offers free VPS hosting for Expert Advisors.
  • Several options of automated trading including an application based on the concept of Mirror Trading.
  • Free Forex education through its website, using videos to teach the lessons.
  • YoutradeFX has developed a social trading application which allows to follow and copy any trade performed by other clients of this broker, including expert traders. 
  • It has an interesting partner program that allow to make money promoting the services of this broker. This program called YTFX Affiliate is free to join.

Main Offers of YoutradeFX

This broker offers regular bonuses for new and regular clients. In this moment the main offer of YoutradeFX is the following:

  • Bonuses for the deposit of funds in the trading accounts from 20% to 50% of the capital deposited.

Other Categories of this broker

  • CFD Broker.
  • Gold Broker.
  • Silver Broker.
  • Oil Broker.
  • Metatrader 4 broker.
  • Stock Broker.

Company You Trade Holding Limited.
Minimum account size No minimum account deposit for the ECN Account.
Minimum lot size 0.01 lot.
Maximum leverage 1:300.
Spreads -Fixed and variable spreads from 3 pips for the EUR/USD.

 

-The variable spreads are offered for the ECN account.

Link to Website Youtradefx Website
Open an account

 

 

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