Yadix Forex Review

Read our full Yadix review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased Yadix opinion allows our readers to decide whether Yadix is a reliable broker.

Yadix Forex Broker History

Established in 2010, Yadix is a seasoned player in the brokerage sector. The broker heavily positions itself as a provider of the lowest spread accounts, targeting primarily F traders with competitive trading conditions and a range of account options. The broker is especially suitable for experienced traders who are using low time frames and scalpers. The broker has been offering both STP and ECN execution models, enabling traders to select their account depending on their trading strategy. While Yadix STP is useful for swing traders and trend traders, the ECN offerings are more suitable for scalpers who use very short timeframes (1-minute and 5-minute).

Yadix broker safety

Yadix is a regulated broker that is under the oversight of the Financial Services Authority of Seychelles, also known as the FSA. This regulator is an offshore regulator that is considered less strict than some other reputable regulators, but Yadix does offer several safety measures, such as membership in an investor compensation fund (investors get paid if something goes wrong) and keeping trader funds in segregated bank accounts. However, there are four different account types, and three of them are without negative balance protection, meaning traders might become liable for losses beyond their account balance. The bonus trading account offers negative protection, which is flexible.

Yadix Broker Review of Accounts

Yadix provides a variety of account types to suit different traders’ needs.

Yadix classic account is for general trading purposes with spreads from 1 pip on major pairs, no commissions, a minimum deposit of 100 USD, and additional promotions of a 25% bonus and an iPhone 15 Pro Gift. The leverage is up to 1:500, which is ideal.

The Scalper account by Yadix is for scalpers, offering a 0 pips spread with commissions of 3.5 USD per lot per side, and a minimum deposit of 500 USD. The leverage is up to 1:500 here as well, and the minimum lot size is 0.01. Hedging and EAs are allowed on all trading accounts.

The Yadix Pro account requires at least a 2,500 USD deposit, offers 0 pips spreads, but charges commissions of 2.5 USD per side per lot. This account offers free VPS service and trading signals. The maximum leverage is also 1:500, and the minimum lot size is 0.01 lots, too.

Yadix bonus account has the lowest minimum deposit requirement of 50 dollars, higher leverage of up to 1:1000, and charges no trading commissions. The bonus account offers a deposit bonus of 50% on every single deposit made by the trader, making it attractive for traders.

Yadix instruments

Yadix lacks diversity in instruments as the broker offers a focused range of asset classes, such as Forex pairs, commodities, and indices. This selection of assets is suitable for traders who prefer these markets only, and a lack of cryptocurrencies is a serious downside. There are no shares available either, which is also a minor drawback. Traders should be careful with high leverage of 1:1000, as this is risky for beginners. High leverage maximizes both potential profits and losses.

Yadix Reviews of Trading Platforms

The broker exclusively provides the MetaTrader 4 (MT4) advanced platform, which is famous for its reliability and comprehensive trading tools. Traders can benefit from both desktop and mobile versions, with support for custom indicators, Expert Advisors (EAs), and even a free VPS service for Pro account traders.

Yadix Forex Review of Extra Features

Yadix offers several extra features to distinguish itself from other brokers. There is a free copy trading service offered via a free tool that allows traders to replicate the success of profitable traders. Free economic calendar and trading signals help traders stay informed and make better trading decisions. There are plenty of different bonuses and promos available, such as a 20% classic bonus, a 25% deposit bonus, and a 50% deposit bonus on a bonus trading account. For traders who can make it to 50 lots in 90 days, the broker has a free iPhone 16 Pro available as a giveaway.

Yadix Reviews of Customer Support

Customer support is accessible via live chat, email, and phone. The live chat system, though available, redirects users to a separate page rather than offering an integrated experience. This is slightly uncomfortable for traders. The broker’s website supports multiple languages, which makes it accessible for international traders.

Yadix Deposit and Withdrawal

Yadix supports a diverse range of deposit and withdrawal methods, including Skrill, Neteller, bank cards (Visa and MasterCard), wire transfers, Perfect Money, Bitcoin, Tether, and even BitWallet. Both deposits and withdrawals are commission-free, and withdrawals are processed within the same day, while deposits are mostly instant. There are no imposed limits on withdrawals, such as minimum or maximum withdrawal limits.

Yadix education and tools

Yadix offers a limited amount of educational materials. There is a tiny section dedicated to education, and the broker only offers articles there. There is no dedicated course or webinar, which is a drawback. As for the trading tools, the broker provides an economic calendar, trading signals, copy trading, and a few more features.

Yadix Review Conclusion – Can you trust Yadix?

Yadix offers competitive trading conditions with low spreads, diverse bonus promotions, and multiple account types targeted at different trader needs. However, its regulation by the FSA of Seychelles ensures a basic level of oversight, and there is no negative balance protection on trading accounts except for the bonus account. The educational resources are also limited.

Overall, Yadix is for experienced traders looking for cost-effective trading, but caution is advised regarding the safety of this broker.

FAQs on Yadix

Is Yadix a scam?

The Yadix scam is not directly confirmed in our review, but the broker is only regulated offshore and does not provide negative balance protection, which are red flags.

What is the Yadix minimum deposit?

The minimum deposit on the bonus account is 50 USD, and on the classic account, it is 100 USD, which is competitive.

Is Yadix a cheap broker?

Yes, Yadix can be considered cost-effective as it offers low spreads and a competitive commission structure, which makes it competitive.