Reviews of Yadix Broker and its Rating
Yadix broker is regulated by FSA (Seychelles Financial Services Authority), has license № SD021 and was established in 2010. The founding company is Quantix Financial Services Limited. Yadix broker works with the popular trading platforms MetaTrader 4 and MT Mobile. The minimum deposit is $100, the account types include Classic, Scalper, Rebate, and Pro accounts. The leverage is up to 1:500, the account currency is USD & EUR, and there are bonus programs.
The advantages of this company include:
- orders are executed ultra-fast, on average 5 ms, due to the work based on the STP (Straight Through Processing) model;
- spreads start from zero points;
- low commission rate;
- use of all major payment systems, including Visa and MasterCard.
Disadvantage is not the most reliable controller to offshore areas, Cyprus CySec, FCA UK or USA ASIS are considered to be more authoritative. The broker does not operate in the United States.
Reviews of Yadix broker
Yadix broker has a fairly low rating and is not included in any list of the TOP 10 or TOP 20 best brokers, published by reputable resources. The FPA (Forex Peace Army) Traders Court has issued two guilty verdicts against this broker. This resource recommends you to be extremely careful when working with Yadix broker. Some sites have included this company in the blacklisted forex brokers list. All review of Yadix broker.
The main reason is the numerous negative reviews about Yadix broker on the Internet and several serious complaints from traders. The network has a lot of reviews that claim the following:
- traders have difficulty withdrawing money;
- bonus offers and promotions are designed to force you to make a deposit, and it is sometimes impossible to withdraw income;
- the technical support service does not respond to customer complaints and does not provide assistance; in case of problems with the withdrawal of money, it ignores requests;
- abnormal slippage occurs during trades;
- under trust management, fraudulent schemes are used, so newcomers lose funds;
- there are failures on the trading terminal, it is impossible to control transactions;
- users’ accounts are being blocked for invalid reasons: for example, wording “dangerous trade style” after profitable deals of traders;
- unforseen commissions and taxes are charged.
A large number of negative reviews and a low position in the ratings indicate that working with Yadix broker is not recommended. Many reputable resources advise you to choose more reliable forex brokers.