Yadix is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Yadix accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
|55+ Currency Pairs||Based on major and minor world currencies.|
|13 Indice CFDs||Based on baskets of different blue-chip stocks.|
|3 Metal CFDs||Based on Gold, Silver and Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
Yadix is an offshore forex & CFD broker based in the Seychelles and regulated by the Seychelles Financial Services Authority (SFSA). The broker has been operating since 2010, and thus has a certain track record in the industry by now.
Yadix offers trading in assets ranging from forex, to stock indices, metals, and energy commodities. However, its selection is still smaller than many other brokers, and does not include things like single stocks and bonds. For an offshore broker, we also think it’s a bit strange not to offer cryptocurrency CFDs, which is a product many traders enjoy because of the large growth seen in this asset class.
All instruments offered by Yadix can be traded on the MetaTrader 4 (MT4) platform, which is the only trading platform offered by this broker. As usual, however, the platform is available for both Windows PCs and as a mobile app for Apple and Android devices.
As with almost all brokers, Yadix also offers several types of trading accounts to suit individual traders’ needs. In the case of Yadix, these range from a Classic account with a USD 100 minimum deposit, to a Rebate account with USD 250 minimum deposit, a Scalper account with USD 500 minimum deposit, and a Pro account with USD 5,000 minimum deposit.
Further, a nice thing we like about Yadix is that the leverage is flexible, and can be set anywhere between 1:1 and 1:500 for the Classic, Rebate, and Scalper accounts, and up to 1:300 for the Pro account, depending on each trader’s personal preference.
In addition, the spreads are also fairly good with this broker, starting from 1 pip on the Classic and Rebate accounts, and from 0 pips on the Scalper and Pro account, with the latter two using the commission-based ECN model for order processing. As usual, traders with large trading accounts are better off with the ECN account, while those trading with very small accounts should go for the STP-style accounts (Classic or Rebate).
Trading accounts with Yadix can conveniently be funded via a whole range of e-wallets like Skrill, Qiwi, Perfect Money, and others, as well as credit & debit cards, bank transfer, and AliPay. When it comes to withdrawal options, however, fewer methods are available, but the most popular options like bank transfer, credit & debit cards, and Skrill/Neteller can still be used. We also appreciate that the broker does not require a minimum amount to make withdrawals.
When it comes to customer service, Yadix can be contacted via either live chat, email, Skype, Telegram, WhatsApp, or a UK-registered phone number, but it’s worth keeping in mind that the broker has not stated what its support working hours are.
In conclusion, it’s clear to us that Yadix is a broker to keep an eye on, particularly for traders looking for an offshore-based forex broker with much higher leverage than what is available in for example the EU. With MT4 being the only trading platform offered, however, Yadix remains an option mostly for those that are happy with that platform. Further, we would also have liked to see more instruments offered other than forex and indices in order for this broker to be more appealing for our readers, and hope more will be added in the future.