Forex Yard Review

October 28, 2007

So, you have decided you want to give this Forex trading a try? The question is where to start? Which platform is going to give you the best chance at making that fortune that will allow you to live the life of your dreams?

Well luckily for you we have taken the hard work out of choosing the right broker. As we have tried virtually every broker out there, we know who is up to scratch and who isn’t, and unfortunately most brokers do not match up to their promises.

The large majority of platforms only offer you downloadable software, this means you are restricted to only trading from the computer where you have the software installed and because successful Forex trading can require access when you are away from home this makes them very weak.

However, do not fear! We have found a trader who can offer you access from any computer with internet access, read on to find out more.

Forex Yard is the broker that receives our exclusive ‘Best Broker Award’ as it is one of the most professionally presented platforms available anywhere.

Offering mini-accounts with just a $100 deposit, a free practice account and a top class Pro Account Forex Yard have set themselves as one of the leading Forex platforms on the net. One of the things we really like about Forex Yard is the fact they not only accept credit card deposits but also allow you to pay via PayPal for ultimate convenience.

Here is a summary of what you can expect:

• Instant Deposit with Credit Card or PayPal

• Start trading with just $100

• Typical Leverage of 200:1 and low fixed spreads

• Fixed Spreads in All Markets, All the Time

• Continuous Quoting, with No Price Freezes

• Executable Quotes – Click on Any Bid or Offer

• No Slippage on Market, Limit, and Stop Orders

• Negative Balance Protection

• 24/7 Customer Support

• No Software Download Needed

When I tried this platform I must say I was impressed, they offer great 24/7 support and the software is online based so you can trade from any PC anywhere in the world so no matter where you are or what you are doing you can still check your trade status and avoid missing out on any potentially highly profitable trades!

One of the big selling points of Forex Yard for the new trader is the fact they operate a negative balance protection. This means if you are unfortunate enough to run your balance down to its minimum, all of your trades will automatically be closed, this means you are never risking more than what is on your account – a vital lifeline for a newbie!

Additionally every Forex Yard trader gets access to an in-depth market analysis at the click of a button. Unsure of how the market might move next? This handy little feature will help you keep on top of the foreign exchange market and help you make those big trades.

If you are looking for a secure spread then Forex Yard offer 3 pips on EUR/USD and 3-5 pips on other major currency pairs. They also claim that they will never changes these rates. We know that some brokers claim 3 pip spreads and then change it up to 10 pips at times of changing market activity so the added security of knowing the spread will never go above 5 pips makes Forex Yard the best platform around.

We recommend that you sign up to their super mini-account with the $100, if you are completely new to trading you may prefer to try the Forex Yard demo account first, however we suggest you don’t spend too long in the demo version as when it’s not real money it’s easy to make trades that you wouldn’t normally make.

Try it for a couple of weeks max and then invest $100 in the super-mini account and see how you do.

Click here to give Forex Yard a try.

Posted in Forex