You Trade FX

  • Name:You Trade FX
  • Website:http://www.youtradefx.com/
  • Location:Australia Cyprus Germany India Mauritius United Kingdom
  • Found in:2010
  • Regulation Authority:ASIC (Australia), FCA (UK) FSC (Mauritius)
Editorial Rating:
3.14
Accept US Traders:
No

YTFX.com

A subsidiary of YouTrade Holdings Limited, YouTrade FX is a Forex broker that’s been operational since 2010. Based in various physical locations across the world, including the UK, India, Australia and Germany, this broker’s online platform has developed the same multinational perspective.

Indeed, alongside a website that’s legible in 13 different languages, such as Italian, German, English and Chinese, all accounts are based in US Dollars. Although this focus on one base currency might generate some added expense for traders outside of the US (note, US customers are not permitted to trade via YouTrade), this is offset by the strength of the US Dollar on the currency exchange.

In addition to regulation by a number of national authorities, YouTrade has a dedicated in-house security team focused on client protection. Implementing the latest software to guard against account hacking and fraud, these experts help to provide extra peace of mind for all traders.

YTFX.com’s Special FX:

Citing its corporate mission to make “your gain” their goal, YouTrade has developed a personal coaching tool for all new account holders. Designed for those who open a demo account, this training resource provides users with a $50,000 virtual bankroll, free PDF trading guides and, importantly, free access to reliable trading signals.

These signals will give each trader that latest market information as well as suggested investments and strategies. While many brokers will offer similar provisions for real-money account holders, it’s rare to find this level of guidance available for beginners.

Another standout feature of YouTrade’s FX platform is its Guardian Angel software. Branded as “the ultimate risk management tool”, this software allows traders to set key parameters in order to reduce losses and increases profits. Moreover, this tool can automatically control optimal stop-loss handling and alert traders to the current volatility of the market through its market sensor software.

For traders looking to take their profits to the next level YouTrade is more than equipped to help that process.

The Essentials:

MetaTrader 4 is the basic training platform used by YouTrade for all standard executions. However, for those who wish to engage in automatic trading (whereby they copy the trades of professionals), MirrorTrader and ZuluTrade are offered.

To complement these software options YouTrade gives users access to 46 currency pairs quoted to five digits after the comma. On top of this the following conditions apply to each account:

Mini Account:

Minimum account size = $100
Maximum account size = $2,000
Minimum position size = 0.01 lot
Fixed spreads from 4 pips.

Standard Account:

Minimum account size = $2,000
Maximum account size = $10,000
Minimum position size = 0.1 lot
Fixed spreads from 3 pips.

Premium Account:

Minimum account size = $10,000
Maximum account size = $100,000
Minimum position size = 0.1 lot
Fixed spreads from 2 pips.

ECN Account:

Minimum account size = $100
Maximum account size = $1,000
Minimum position size = 0.01 lot
Variable spreads from 1.5 pips.
Commission charge per 1 standard lot traded = $10

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

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