With a large number of financial brokers in the space, it takes a lot to separate yourself from the competition. We review one of the most exciting and fast-growing brokers to enter the industry.
Fees
One of the ways YLDFX does this is by keeping a no-fee model. They do not charge any fees or commissions to their clients. This is the same for payments, such as making a deposit or withdrawal. Many other brokers have hidden fees that can take traders by surprise. This is not the case with YLDFX. One of the Analysts at YLDFX commented on this: “Fees are a huge part of the industry that can be confusing, but also costly. Traders can see profits diminished, taking away from their overall performance. As the main motto of YLDFX is built by traders, for traders, we wanted to focus on giving the best possible experience for our clients – and by taking away fees, is a great place to start.”
Leverage
As YLDFX is based in Malaysia and fully regulated by the LFSA (Labuan Financial Services Authority), they can offer high leverage of up to 100:1 for all demo and live accounts. This high leverage allows traders to capitalize on moves, whilst also giving clients the trust of regulation. This is the best of both worlds for many clients as it gives them the ability to trade exactly how they want. This high leverage is across all of their instruments, from; FX, Indices, Crypto, Stocks, and Shares. Accessing higher-priced instruments, (Dow Jones, Nasdaq, and Bitcoin, etc), at a fraction of the cost can allow a trader to take advantage of market opportunities without needing large amounts of capital.
Account Manager
The last part we reviewed was their Account Manager system. Every client has a dedicated Account Manager, whether that’s with a demo or live account. This is a personal touch, as rather than contacting a generic contact center or support page, clients can have direct contact with someone who is experienced in the markets. This can be for assistance with an issue, or to discuss trading in general. We spoke with a YLDFX client who advised why they like this feature: “It is really beneficial for me. I can contact someone directly to ask a question or solve an issue. As I do not have many other like-minded people, also interested in trading and the financial markets as a whole, I really enjoy speaking with someone who has experience in the markets, which I haven’t experienced among other brokers I have used.”
