FAQs

A: Forex and ‘FX’ are shortened terms used for ‘foreign exchange’. Foreign exchange or ‘currency trading’ is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders can make profit or losses through buying and selling currencies on the foreign exchange market.

A: A market conducted directly between dealers and principals via a computer network rather than a regulated exchange trading floor. OTC trading with Yadix means that you trade currencies but don’t actually take delivery of these currencies.

A: To register a live trading account, visit the account opening page and complete all relevant details accurately and submit the required documents. Once your account is created, you will receive an email confirmation. This email includes your log in credentials, account funding options, and instructions for accessing your account.

A: You are required to provide a valid proof or identification (passport, ID card or Drivers License) and a proof of address (Bank Statement, Utility Bill or Tax Bill) dated within the last three months.

A: You can fund your trading accounts via the “Fund Account” option from within the client area.

A: You can withdraw from your trading accounts via the “Withdraw Funds” option from within the client area.

A: Yadix will return funds to the method used to fund the account. Any amount that exceeds the total deposited sum by credit or debit cards can be sent by wire transfer or one of the e-wallets available at Yadix on a case-by-case basis

A: To ensure a fair funding and withdrawal process, we cover the fees for your deposit automatically, client’s that fail to trade more than three lots since the time of their last deposit, the processor fees of the deposit and withdrawal costs will be deducted from the withdrawal sum, plus an administration fee as listed in the client agreement, the link to which can be found in the footer of each page. The list of withdrawal fees can be found in the withdrawal section of the client area.

A: Forex Instruments are the products available to trade in the Forex markets, for example EURUSD represents trading EURO vs US Dollars.

A: Day Trading deals are orders that are opened and closed on the same day. Day trading is a popular trading strategy in the Forex Markets.

A: A limit order is where you choose a predetermined price at which you want to open an order. When and if this price is hit in the market, your pending order is automatically opened.

A: As the Forex market is highly volatile it is difficult to predict. Due to market volatility, there is no system that can guarantee that a transaction on the foreign currency market should result in profit.

A: The Yadix trading platforms offer 24 hour access to your account. Market open and close hours are listed on our trading hours page.

A: Yes, Yadix is regulated by the Financial Services Authority of Seychelles ("FSA") with license number SD021.

A: Yes, we advise all our clients that foreign exchange trading does involve substantial amount of risk. With Yadix you cannot lose more than your account’s margin. Forex commodities and CFDs (OTC Trading) are leveraged products that carry a substantial risk and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose

A: Yadix offers five account types with different conditions and spreads involved. For high volume traders, Yadix can arrange a tailor-made account. Feel free to chat with our support team for more information about the account options.