Let’s take a look at Yadix, a broker that’s been on the financial market for over a decade, trying to stay ahead of the competition. The firm has changed several owners and licenses, all offshore. It seems as if they are unwilling to comply with more stringent demands imposed by Tier 1 authorities.
Our detailed Yadix review will uncover the actual owners as well as their way of operating. Let’s begin.
The latest owner of Yadix broker is Quantix FS Ltd, a brand registered in Seychelles. Just a few years back, the firm was run under Quantix Financial Services Limited, headquartered in Belize. As you can tell, they continue the offshore pattern.
With this regulation, Yadix is not authorized to onboard residents of the EEA zone, US, Canada, Australia, or any country where a Tier 1 license is required. These areas have strict requirements for minimum capital and trading limits. For example, the European Securities and Markets Authority demands brokers limit leverage to 1:30 for retail traders due to high risks. Here we have Yadix broker, offering 1:500.
All in all, while duly licensed, Yadix is not a broker we’d recommend. While some terms may look appealing, and you may be enticed, you should be well aware that offshore brokers don’t participate in the compensation fund, and you won’t quickly be reimbursed.
Yadix is a regulated Russian-owned trading company with offshore headquarters. The firm has an FSA license, belonging to the Tier 3 zone due to the lack of demands and stringent control.
In their Contact Us section, Yadix has provided us with several ways of contact, including live chat, Skype, email, phone, Telegram, and WhatsApp.
The company mainly places its adverts via social media, including Facebook, Instagram, and Google Ads. Once you click on the ad, your details will be transferred to employees who can start their hunt for potential prospects.
Yadix account managers only have offshore authorization, meaning they cannot financially advise European or US customers. Yet, they still offer their services. When you deposit the initial sum, you will be in touch via WhatsApp and Telegram, where these account managers can send new proposals and approach for higher investments.
In the end, you can be approached through DMs or comments on various social networks, including LinkedIn. Some brokers and their employees create LinkedIn profiles to add credibility to their stories and attract more investors.
We’ve reviewed the Yadix trading platform, so you wouldn’t have to. The broker offers MT4, which is quite a pleasant surprise.
Investors can access one of the favorite software nowadays, with a large number of TAs, charts, and other features. The platform also supports social trading, enabling you to see the best performers and copy their trading strategies. In return, the best traders earn rewards from the brokerage house. It’s an excellent tool for inexperienced investors who can save a lot of time on planning their strategy and simply copy someone else’s.
We’d like to remind you that good trading software is just a part of the job. You can easily be dissuaded from withdrawals and legal aid if you have no fund safety and a compensation fund.
Yadix offers MT4 mobile apps for Android devices. Recently, both MetaTrader 4 and MT5 were removed from iOS App Store, so users of this mobile device might not be able to access them. However, it’s still possible for them to trade via mobile, using their web browser.
In their Products section, Yadix mentions three groups of trading assets, those being:
However, we see a significant issue here. Shares and crypto, the two most tradable instrument categories, are missing. With this offer, any broker could hardly pass as favorable, not to mention an offshore one.
Spreads mainly depend on the Yadix account type you choose. For the Classic account, we have 1 pip for EUR/USD pair, while the other two types offer raw spreads, with a commission of $3.5 per side and $2.5 per side.
While it’s not the worst deal we’ve seen, we would suggest you find a Tier 1 regulated broker with similar trading costs.
As mentioned, trading terms mainly depend on the account type, and so does the minimum deposit. Here’s what we have:
Besides the initial amount, the Pro account has a lower spread, up to 1:300. Additionally, it brings VPs and signals but doesn’t offer any bonuses.
On the other hand, the Classic account is the only one with a 25% bonus or iPhone 13 Pro gift as a part of an ongoing promotion.
Another win for Yadix is its offer of risk-free and swap-free accounts. Yadix Demo is enabled through their MT4, with $100,000 of virtual funds.
This virtual account matches trading terms from the Live account and enables the same trading strategies, usage of EAs, and other tools. It’s a great way to test the system without paying for it but remember one thing. You need to provide your phone and email for the registration, which means you’ll be called on and on to activate a Live account finally.
According to the website, Yadix withdrawals are processed within 24h. Clients can use the following payment options:
Note that crypto transfers have a minimum deposit of $500 and no withdrawal limit.
The range of payment methods seems quite comprehensive. We’d always advise you to use a debit/credit card, as you have the right to request a chargeback within up to 540 days in case of any issues.
In case you experience any withdrawal or account issues with your Yadix account, let us know. Global Fraud Protection has been in the business of fund recovery for years.
Don’t give up on your hard-earned money! Our experienced chargeback experts and CipherTrace crypto specialists will evaluate your case thoroughly and see whether or not you can request a refund. If so, we’ll help you throughout the procedure.
Yadix is an offshore trading brokerage. In case of any trouble with your investment account, allow us to evaluate the situation and possibly help with the recovery.
Yes, Yadix offers a risk-free Demo account with virtual $100,000 available for trading.
Yadix requires a minimum deposit of $100 to open a Live account.
Yadix offers a 25% welcome bonus on the Classic account or iPhone 13 Pro.
Yadix is an offshore trading brokerage. In case of any trouble with your investment account, allow us to evaluate the situation and possibly help with the recovery.
Yes, Yadix offers a risk-free Demo account with virtual $100,000 available for trading.
Yadix requires a minimum deposit of $100 to open a Live account.
Yadix offers a 25% welcome bonus on the Classic account or iPhone 13 Pro.
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