FOREXYARD review, oil trading platform

FOREXYARD Review, Oil Trading Platform

FOREXYARD review of their online trading platform, to compliment the FOREXYARD FX trades, they also offer trading for oil, gold and silver. This is a growing market and history tells us that gold increases in value as monetary value drops and oil prices tend to rise on a weaker US dollar. A savvy investor could make huge profit with the right trades.

The positive points:

* Guaranteed Limited Risk – If your equity drops below what you can cover then the deal closes out so you are not left owing
* Training – FOREXYARD offer an excellent tutorial package allowing traders of all levels to learn and develop trading technique, this is totally free with FOREXYARD
* Security – Using the latest SSL encryption technology, you can trade safe in the knowledge that your personal details are protected by the latest anti-fraud techniques
* 24 hour support centre. Here you can receive help on any technical issues with your account, plus up to date advice on the markets
* Languages offered: Chinese, Turkish, Spanish, German, Arabic, English, French, Norwegian, Finnish & Swedish
* The minimum deposit at ForexYard is $100 – However to trade oil you will need a Standard account and $250 minimum
* Opening an account takes only a few minutes

Try FOREXYARD for Free, Click Here

Types of Trading Account:

FOREXYARD Super Mini

FOREXYARD have an excellent starter membership called the SuperMini Account. These accounts are 1/10th the size of an FX standard account meaning new FX Traders can start learning and earning, without a large initial outlay. You can pay with a Credit Card and because FOREXYARD use a Java programme there is no need to download software. This allows you to begin Trading on FOREXYARD within minutes.

FOREXYARD Standard Accounts

FOREXYARD Standard accounts are set up for the more experienced trader. There is more variety on the spreads with the standard size being 10,000 base currency per trade. That’s 10 x more than the Super Mini. So your risk is higher. As with the FOREXYARD Super mini Accounts there is a Guaranteed limited Risk so that positions are closed if your cannot fulfil the market position. As all traders know, the art of cutting your losses is more important than knowing when to run with profit!

VIP Services

FOREXYARD offer VIP services to what we would describe as Trading Big Guns. They can offer consultation and will work to tailor a package that meets your individual trading needs.

FOREXYARD has become one of the better known online oil trading facilitators in today’s market. One of the clear advantages with their system is that you can use it pretty much anywhere there is an internet connection. The reason for this, is that you have the choice of trading using both a web based Java system AND downloading FOREXYARD’s own free FX trading software to your own computer . The web based Java system means you don’t need any special software which would restrict your online trading ability to your own PC or laptop. This is a big plus, because it means you’re not tied to your own computer in order to trade. You can do it at the library, internet cafes, even at your work PC.

FOREXYARD also have free trading station software that you can also download, though this is not necessary to be able to trade. This provides you with more sophisticated decision making tools.

The FOREXYARD website is easy to understand and navigate and opening a demo or live account is fairly quick and easy. They accept major credit cards or bank wire transfers for depositing into live accounts, as well as Western Union Money Transfers. Credit card deposits are immediate to start trading live, while wire transfers can take up to 3 days to process. They also offer a free trading course upon registration that is pretty good and goes over the basics of trading the commodities market.

Live accounts with FOREXYARD can be as small as $100, however to trade oil you will need a Standard account and $250 trading funds as a minimum. With Standard accounts there are no fees associated. Withdrawals require a form to be filled out and faxed along with proof of account holder and address. Withdrawals can be processed by sending to your credit card that was used to fund the account, or by wire transfer to your bank. Also, FOREXYARD is very strict about now allowing scalping trades.

The negative points:

* FOREXYARD customer service is Ok, they can be contacted via telephone, email, or live chat on the website, however email responses can take up to a day or so

* Withdrawl process time is questionable: the website states that “withdrawal process time will take no less than 3 days” but does not state a maximum time for processing

Summary:

Completing the FOREXYARD review we have seen an online oil trading platform that offers variety in all aspects of the trade, and this is why we are keen on the FOREXYARD service. FOREYARD has the ability for trading in commodities including oil and gold.

Try FOREXYARD for Free, Click Here

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