With the Forexyard trading platform, you can open your Forex Yard account and be trading within minutes. Forexyard allows you to fund your account with a credit card, and if you choose their Java based trading platform, you can execute all of your Forexyard trades online with no software to download.
Forex Yard offers guaranteed spreads of 3 pips on EUR/USD and 3-5 pips on other major currency pairs. The executable prices are guaranteed, just click on the current bid or offer, and the trade will be yours at that price. There is no slippage between the price quoted and your final execution price. Forexyard prides themselves on their “no slippage guarantee”. In most cases stop orders are executed without slippage as well, although in more volatile markets no trading platform can guarantee this 100%.
Accounts offer leverage options from 25:1 up to 200:1. This kind of leverage allows you to magnify your gains considerably over and above the actual amount of your deposit, but as with any margin account it also has the potential for large losses if the market doesn’t go your way.
Forex Yard minimizes this risk with their built in “Margin Watcher”. With this safety feature the Forexyard dealing desk will close all open positions if the account equity falls below the margin requirement. This protects the Forexyard trader from losing more money than they have in their accounts.
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