Finance Yards Broker Review

It does not appear that Finance Yards offer any bonuses to either existing or newly registered clients, however their site uses the popular and high tech Spot Option software which is cutting edge and which is easy to use for both beginner and advanced investors alike. There are several ways of contacting this broker’s customer support services including a convenient live chat option which is accessed from the site’s home page and there are around 200 assets to choose from across a number of categories including commodities, indices, currencies and stocks.

Intro

Finance Yards has only been established in the last couple of years, however they are a reliable regulated brokerage service run by a team of financial professionals. Offering a choice of three account levels to suit the needs of both novice and experienced traders, this broker offers excellent educational resources as well as technologically advanced trading software and an impressive selection of assets. This broker offers payouts of up to 87%.

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Company Information

This recently established broker is part of the Spot Capital Markets Ltd brand and boasts a team of financial experts. This broker is regulated and licensed by CySEC for the clients’ peace of mind with all client funds being held in segregated accounts for extra security. Finance Yards is also a member of the Investor Compensation Fund for Customers of Cyprus Investment Firms so clients can be assured that their funds are in safe hands.

Assets Available

Finance Yards offers an impressive range of around 200 assets – enough to satisfy the needs of most traders.

Their list of assets includes:

Commodities: 16

Pairs: 13

Currencies: 30

Indices: 27

Stocks: 89

Bonuses & VIP programs

There appear to be no available bonus schemes or promotions available to any of Finance Yards’ clients, whether they are newly registered or whether they are an existing loyal customer. There is a higher level VIP account available for high volume traders which offers a few perks, including personalised training, however this is nothing out of the ordinary and falls short when compared to the benefits offered to VIP clients with many other brokers.

Mobile

The Finance Yards trading software is entirely web based and therefore requires no installations or downloads, making it accessible from any internet enabled device. However, to make trading on the go even more convenient, this broker has also offered a convenient mobile app for both iOS and Android devices which can be downloaded free of charge and which offers seamless access to the client’s trading account. This safe and secure app allows full access to the trading platform for the trading of indices, stocks, currencies and commodities with the opportunity for both long and short term trading.

Deposits and Withdrawals

Finance Yards offers a good choice of secure deposit and withdrawal methods in a choice of currencies. The available methods include:

•   Credit Cards (Visa, MasterCard, Diners)
• Debit Cards (Visa Electron, Maestro, Switch, Solo)
• Bank wire transfer
• E-Wallets – this broker offers over 20 different e-Wallet deposit methods including Skrill, Neteller and China Union Pay

Withdrawal requests can be made quickly and easily by completing a withdrawal form with the necessary information and then sending it to the broker via email. Withdrawals are processed via credit or debit card or through bank transfer and are processed within 3 business days with funds taking up to 5 working days to appear in the client’s account.

The minimum deposit amount required is $250 (or the equivalent in an alternative currency) and the maximum deposit allowed varies depending on the payment method used, standing at $5000 for credit cards. The minimum permitted withdrawal amount is $50 (or the equivalent in other currencies)

Customer Support

Finance Yards offers a choice of convenient contact methods via which their customer support team can be contacted. These include:

• Online web form
• Email
• Telephone – there are 3 telephone numbers provided, one in Cyprus, one in the UK and one in Bahrain
• Live Chat

There is also a convenient Frequently Asked Questions section of the website which offers quick reference responses to all of the most commonly asked queries. The website is also available to be viewed in four languages to cater for the needs of overseas clients including:

• English
• German
• Spanish
• Arabic

There is knowledgeable customer support available to clients 24 hours a day 7 days a week for the client’s ultimate convenience, ensuring that any issues or queries are addressed in a timely manner.

Extra Features and Resources

Finance Yards offers some educational resources which are available free of charge to clients at all levels of experience. These educational resources include free ebooks, a glossary, webinars, videos and a basic guide to binary options trading. While these are useful resources, they are not as impressive as those offered by many rival brokers.

Verdict

Finance Yards is a reliable and trustworthy broker which has many benefits to offer its clients. However, when compared to some other brokers, there are also some negatives to making this your first choice of broker.

Pros

• Cutting edge trading software that is suitable for use by both experienced and novice traders
• 100% online trading interface requiring no installations or downloads
• Instant customer support via the live chat facility
• Choice of customer service contact methods including email and several multilingual telephone helplines
• 24/7 customer support for rapid responses to queries and issues
• Choice of convenient deposit methods including popular e-Wallets
• Easy to request deposits and processing within 3 days
• Mobile app for Android and iOS devices allowing trading on the move
• Multilingual website
• Choice of three different account types
• VIP account for high volume traders
• Payouts of up to 87%
• Free educational resources including ebooks, videos and webinars
• Around 200 assets to choose from across commodities, currencies, stocks and indices
• CySec licensed and regulated broker for peace of mind
• Low minimum deposit of $250 for beginner investors

Cons

• No bonuses or promotions available for either existing or newly registered clients
• Very limited perks for VIP account holders
• Does not accept USA clients

FAQ

Is there a choice of account types with Finance Yards?

Whether you are brand new to binary options trading or whether you are an experienced investor, you will find an account type to suit you with Finance Yards. There are three different account types available – The Micro account which is suited to new investors and which requires a minimum deposit of $200, the Premium account which requires a minimum deposit of $500 and the VIP Gold account which requires a minimum deposit of $5000. While the higher account levels offer benefits such as a personalised account manager or personalised training, all account levels offer access to the free educational resources and financial news reports.

How do I register with Finance Yards?

If you have decided that Finance Yards is the right choice of binary options broker for you, it is quick and easy to register for a live trading account. Simply visit the broker’s home page and click on the “Open Trading Account” link and then complete your personal details. Once you have received and confirmed your welcome email, you can simply deposit the required minimum amount in your account and begin trading straight away.

Is trading secure with this broker?

There is no need to worry about the security of trading with this broker, since all of your personal and financial details are well protected. The broker’s site is protected by cutting edge SSL encryption technology which ensures that credit card information is kept out of the hands of potential hackers. This broker is also CySEC regulated and holds it client funds in segregated accounts, and as it is also a member of the Investor Compensation Fund for Customers of Cyprus Investment Firms, in the event of the broker going out of business the client is fully protected and will be compensated for any loss.

Which products are available for trading with Finance Yards?

Clients can choose from a number of exciting products with this broker including:

• Digital options
• Pairs
• Long term
• 60 seconds
• One touch
• Ladder

There are around 200 assets to choose from across currencies, commodities, stocks and indices.

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