ForexYard Forex Broker -Full Rating Analysis (v.2)
ForexYard Forex Broker General Rating
ForexYard RATING SUMMARY | ||
MAX | ACHIEVED | |
1.Reliability | 28.00% | 19.23% |
2.Competition | 30.00% | 12.00% |
3.Trading-Options | 26.00% | 16.00% |
4.Technology | 16.00% | 12.00% |
Overall Rating | 100.00% | 59.23% |
ForexYard Rating Analysis
FOREX YARD RATING ANALYSIS | ||||
TOTAL RATING | 100.0% | Forex Yard Broker | ||
Weight Analysis | Factor Analysis | 59.23% | ANALYSIS | |
1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 19.23% | Forex Yard Reliability Analysis |
1.1 Forex Yard Level of Regulation | 12.00% | FSC (BVI)=1.0%, CYSEC=3.0%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% | 12.00% | Forex Yard is regulated by many bodies, MiFID, FSA, BaFIN, CONSOB and AFN = max |
1.2 Forex Yard Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 2.00% | Forex Yard Home Base is in Nicosia, Cyprus = 2.0% |
1.3 Forex Yard Years in the Market | 4.00% | 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% | 3.00% | Forex Yard was found in 2005 7-10 years =3.0% |
1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 0.00% | Forex Yard doesn't allow US traders =0% |
1.5 Forex Yard Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 2.23% | Forex Yard FPA=2.310 / 5.0 - EarnForex = 4.3 /10.0, Total= 4.46 / 10.0 = 2.23% |
2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 12.00% | Forex Yard Competition Analysis |
2.1 Forex Yard Offering Spread (EUR/USD) | 12.00% | EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.70=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 | 6.00% | Forex Yard minimum EUR/USD Spread (pro account) is 1.2 pips = 6.0% |
2.2 Forex Yard Commissions on Trading | 7.00% | No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0 | 2.00% | Commissions are charged by Forex Yard ($4 / $100,000) = 2.0% |
2.3 Forex Yard Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 0.00% | Yes, Withdrawal Commissions are charged at Forex Yard = 0% |
2.4 Forex Yard Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 0.00% | Yes, there are some fees for inactive accounts ($5 per month) |
2.5 Forex Yard Rate of Leverage | 4.00% | 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% | 2.00% | Leverage at Forex Yard is up to 1/200% = 2.0% |
2.6 Forex Yard Customer Service Quality | 3.00% | 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% | 2.00% | Forex Yard provides Live Chat=1%, Phone=1%, 24/5=0%, Total = 2.0% |
3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 16.00% | Forex Yard Trading Analysis |
3.1 Forex Yard Availbale Forex Currencies | 8.00% | 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 | 8.00% | Forex Yard offers 45+ Forex Currencies = 8.0% |
3.2 Forex Yard Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 2.00% | Commodities=1%, CFDs=1%, Total = 2,0% |
3.3 Forex Yard Bonus / Rebate Rate | 8.00% | Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 | 2.00% | Bonus at Forex Yard is up to $300 or free iPad = 2.0% |
3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 0.00% | No, Forex Yard forbids strictly scalping |
3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes Forex Yard allows hedging (some limitations) |
3.6 Forex Yard Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 1.50% | 3 methods (Credit Cards, Bank Wire and Western Union) =1.5% |
3.7 Forex Yard Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 1.00% | 2 methods avaialble (Bank Wire and Credit Cards) =1.0% |
4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 12.00% | Forex Yard Technological Analysis |
4.1 Forex Yard Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 4.00% | 4 Platforms Available at Forex Yard = 4.0% |
4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | API trading is available at Forex Yard = 1.0% |
4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | Yes Forex Yard allows signals from Expert Advisors = 2.0% |
4.4 Forex Yard Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 1.50% | Forex Yard provides 3 apps, iPhone mobile trader & MT4 applications for iPhone and Android =1.5% |
4.5 Forex Yard MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes Forex Yard supports Metatrader 4 |
4.6 Forex Yard Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 2.50% | Medium Innovation (offering many Forex Currencies and many Trading Platforms, nice Automated Trading Options and MT4 mobile applications) |
ForexYard Rating Analysis
Online Forex (2012)