YouTradeFX

If you, like many others, have a short attention span and want the conclusion of this YoutradeFX review (a.k.a YTFX) in the first sentence, it can be summed up in five words: A breath of fresh air.

YoutradeFX is regulated by the Financial Services Authority (FSA) in the United Kingdom, and by ASIC in Australia and the FSC in Mauritius. The company’s website is available in 12 languages, including English, Turkish, French, Portuguese, Spanish, Arabic, German, Russian, Vietnamese, Italian, Japanese and Dutch.

As always, the first thing one sees when looking into a Forex broker is the website. The YoutradeFX website is modern, clean, streamlined, and easy to consume. Everything you need is in its place and you will not have any difficulties finding the relevant information.

One of the first things to catch your attention when accessing the YoutradeFX site is how easy it is to contact them.

You have three methods of contact: email, phone, or real time chat, all of which are visibly obvious.

Moving along, the platforms supported by YoutradeFX include MT4 if that is what you are used to, a Web-based trading environment if you want to be more portable and trade from anywhere, and a mobile trading platform for those who enjoy trading on the go. That pretty much covers all your needs.

During the course of our YoutradeFX review, we also noticed that they’re accessible to their traders (and potential traders) on various social networks such as Twitter and Facebook. This is important and even crucial for a Forex broker since it shows complete transparency and accessibility to their audience. Unfortunately, YoutradeFX’s Twitter account was locked and completely inactive and their Facebook page seemed pretty dead as well.

A nice feature offered by YoutradeFX to meet the needs of new Forex traders is the risk free trading account. It is similar in concept to a demo account, which allows traders to practice their trading skills, but there is one main difference.

YoutradeFX’S Risk Free account is the same thing as a real live account but all losses are returned to you after 14 days. Demo accounts have been known to run on different servers than real account and produce different results. In this case, you can practice trading and get the same results as a real account.

The website also offers many different resources to the new and experienced Forex trader alike. This includes an extensive education section with useful and informative videos about Forex trading.

During our YoutradeFX review we also tested out the company’s various Forex tools such as a pip calculator, economic calendar, market news, and technical analysis. In addition to the standard trading in YoutradeFX, their platform also supports automated solutions such as expert advisers and more, a great solution for the trader who wants to have his account managed by the experts. All in all, the service was comprehensive and offered nearly everything we would need to trade comfortably.

YoutradeFX offers competitive spreads as low as 1 pip, a relatively very high leverage of 1:500 and a low minimum deposit of $100. YoutradeFX also supports Islamic Forex accounts for those who want to trade Forex interest-free in accordance with Islamic law.

Depositing and withdrawing funds from YoutradeFX is also a seamless experience with support for credit cards, Money Bookers, and more, as well as a same day processing of withdrawal requests.

YoutradeFX supports an impressive 49 financial instruments giving the trader the flexibility they need to succeed in this market. All in all, our YoutradeFX review was very positive and if there’s one thing we can take away from our YoutradeFX review, it’s the fact that this rapidly evolving brokerage is worth a try.