YTFX Forex Broker-Full Rating Analysis (v.2)
YTFX Forex Broker General Rating
YTFX RATING SUMMARY | ||
MAX | ACHIEVED | |
1.Reliability | 28.00% | 21.92% |
2.Competition | 30.00% | 17.50% |
3.Trading-Options | 26.00% | 20.00% |
4.Technology | 16.00% | 10.50% |
Overall Rating | 100.00% | 69.92% |
YTFX Analysis Rating
YTFX RATING ANALYSIS | ||||
YTFX TOTAL RATING | 100.0% | YouTrade FX (YTFX) | ||
Weight Analysis | Factor Analysis | 69.92% | ANALYSIS | |
1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 21.92% | YouTrade Fx Reliability Analysis |
1.1 YTFX 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% | YouTrade Fx is regulated by FSA, ASIC, FSC and MiFID =max (12.0%) |
1.2 YTFX Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 5.00% | YouTrade Fx Home Base is in UK =5.0% |
1.3 YTFX 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% | 2.00% | YouTrade Fx was found in 2008, 5-7 years =2.0% |
1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 0.00% | No, YouTradeFx forbids US traders =0% |
1.5 YTFX Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 2.92% | YouTrade Fx FPA=3.198, EarnForex 5.3 / 10.0 = On Average 2.924 / 5.000 |
2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 17.50% | YouTrade Fx Competition Analysis |
2.1 YTFX 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 | 5.00% | YouTrade Fx Typical spread on EUR/USD is 1.5 pips (ECN Accounts) =5.0% |
2.2 YTFX 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 | 3.00% | Some Trading Commissions are charged by YouTrade Fx (one way $10 / std LOT) to all available account types =3.0% |
2.3 YTFX Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 2.00% | No Withdrawal Commissions charged by YouTrade Fx =2% |
2.4 YTFX Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 2.00% | No Maintenance Fees =2.0% |
2.5 YTFX 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% | 3.00% | Leverage on ECN Accounts is up to 1/300 = 3.0% |
2.6 YTFX 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% | 2.50% | YTFX provides 24/6=0.5%, Live Chat=1.0%, Phone=1.0%, Total = 2.5% |
3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 20.00% | YouTrade Fx Trading Analysis |
3.1 YTFX 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 | 5.00% | YouTrade Fx offers 30+ Fx Currencies=5.0% |
3.2 YTFX Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 2.00% | Commodities=1.0%, CFDs=1.0% -Total=2.0% |
3.3 YTFX 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 | 8.00% | Bonus offered by YouTrade Fx is +40% =8.0% |
3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 0.00% | No, YouTrade Fx forbids scalping |
3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes YouTrade Fx allows hedging |
3.6 YTFX Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 2.50% | 5+ methods (Credit and Debit Cards, Bank Wire, CashU, WebMoney, Liberty Reserve and Moneybookers) =2.5% |
3.7 YTFX Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 1.00% | 2 methods (Bank Wire and Credit Cards) =1.0% |
4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 10.50% | YouTrade Fx Technological Analysis |
4.1 YTFX Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 4.00% | 4 Platforms Available=5% 1) YouTrade Fx MT4, 2) YouTrade Fx MT5, 3) YouTrade Fx Mirror Trader 4) YouTrade Fx Web Trader =4.0% |
4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 0.00% | API trading is not available at YouTrade Fx =0% |
4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | Yes YouTrade Fx offers (Zulu Trade and Tradency) |
4.4 YTFX Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 1.00% | YouTrade Fx provides iPhone=0.5% and Web Mobile=0,5% -Total=1.0% |
4.5 YTFX MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes YouTrade Fx supports MetaTrader (MT4 / MT5) |
4.6 YTFX Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 2.50% | Medium Innovation (great variety of Trading Assets, many Trading Options and a nice Demo) |
YTFX Full Rating Analysis
Online Forex (2012)