Introduction
Hi everyone, I’m thinking about signing up for the CFD YardOption service, but I wanted to get some opinions first. Has anyone here tried it out? Is it a scam or not? Thanks in advance for your help!
What is CFD Yard?
CFD Yard is an online broker that offers CFD and Forex trading. They are based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC).
CFD Yard offer their clients a choice of two account types – Standard and Islamic. Both account types offer leverage of up to 1:200 and spreads from as low as 0.1 pips. CFD Yard also offer a demo account so that their clients can try out the trading platform before committing to live trading.
The CFD Yard website is available in English, Arabic, French and German.
How Does CFD Yard Work?
CFD Yard is an online broker that offers a wide range of financial instruments for trading. These include Forex, CFDs, and metals. The company is owned by Cipriano Ferraro, who is also the CEO. The company is based in Italy but has its offices in Cyprus and UK. The company is regulated by CySEC and MiFID.
The broker offers three types of accounts for its clients. These are the Micro account, the Standard account, and the VIP account. The minimum deposit for a Micro account is $250, while the other two require a minimum deposit of $5,000. The VIP account gives traders access to exclusive features and benefits not available with the other two types of accounts.
The spreads offered by CFD Yard start from 0.8 pips on EUR/USD for the Micro account type and go as low as 0 pips on this pair for the VIP account type. The leverage offered by this broker is 1:500. This means that traders can control a position that is 500 times larger than their investment. However, it should be noted that leverage can both increase your profits and losses.
CFD Yard uses the MetaTrader 4 (MT4) trading platform which is one of the most popular platforms among retail traders. This platform is available as a desktop application, as well as a mobile app for Android and iOS devices. The broker also offers its own web-based platform called Webtrader 4
The Pros and Cons of CFD Yard
CFD Yard is a new online trading platform that offers investors the ability to trade contracts for difference (CFDs). The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The Pros:
1. CFD Yard offers a user-friendly platform that is easy to navigate.
2. The company provides 24/7 customer support.
3. CFD Yard offers competitive spreads on major currency pairs.
4. The company is regulated by CySEC, which adds an extra layer of protection for investors.
5. CFD Yard offers a demo account so that investors can test out the platform before committing real money.
The Cons:
Is CFD Yard a Scam?
When it comes to online trading, there are a lot of scams out there. So, is CFD Yard a scam?
We’ve looked into this company and its practices, and we can say that it is not a scam. CFD Yard is a legitimate company that offers online trading services. They are regulated by the Cyprus Securities and Exchange Commission (CySEC), and they have a good reputation in the industry.
Their platform is user-friendly and they offer 24/7 customer support. They also have a demo account so you can try out their platform before you risk any money. Overall, we believe that CFD Yard is a reputable company that you can trust.
Conclusion
All in all, the CFD Yard Option is a pretty decent online broker. They offer a good selection of assets to trade, and their customer service is responsive and helpful. However, we would caution against using them as your only broker – diversification is always key when it comes to investing. And finally, while they are not a scam, we would recommend that you exercise caution when trading with them, as with any online broker.