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YADIX anyone using them?

  • #1
  • First Post: Jun 28, 2013 6:21am Jun 28, 2013 6:21am
Hi

I am considering opening an account with Yadix Forex Broker http://www.yadix.com/ as they make some incredible claims on thier website like the lowest spreads I personally have seen and claim to be an ECN STP broker. You can set stops as close as you like, good rebates scheme and joining bonus, will let you run any EA you want etc etc.

They claim to be the best broker for scalpers with accounts specifically aimed at high volume scalpers like myself.

To be honest, they appear to be too good to be true, as the saying goes.

Or am I staring a gift horse in the mouth???

So would welcome any comments from any traders already using them or any that have had problems etc.

Many thanks in anticipation.

Clive Packham
Feel the Fear and do it anyway!!!
  • #2
  • Jun 28, 2013 7:01am Jun 28, 2013 7:01am
Quoting clivepackham
Hi I am considering opening an account with Yadix Forex Broker http://www.yadix.com/ as they make some incredible claims on thier website like the lowest spreads I personally have seen and claim to be an ECN STP broker. You can set stops as close as you like, good rebates scheme and joining bonus, will let you run any EA you want etc etc. They claim to be the best broker for scalpers with accounts specifically aimed at high volume scalpers like myself. To be honest, they appear to be too good to be true, as the saying goes. Or am I staring...
its a RUSSIAN broker based in the VIRGIN ISLANDS. RUN FOR YOUR LIFE!!!!!!!!!!!!
  • #3
  • Jun 28, 2013 8:11am Jun 28, 2013 8:11am
what a joke, eurusd spread starts at 0.4 pips! then we add commission of 0.5 pip per side per lot so that's 1 pip rtsl. 1 pip on a standard lot is approximately $10 give or take a few depending on which pairs you trade. $10 is quite insane imo so no idea why you want to go with them.
  • #4
  • Jul 2, 2013 7:10am Jul 2, 2013 7:10am
Hello Clive,

My name is George, I am responsible for the Yadix Auto-trading Development.

Firstly thank you for noticing the trading conditions that we offer at Yadix.

As a true STP broker, each account type offers different, but balanced benefits for our traders. Each account we believe offer superior order execution using leading technology and the Equinix Financial Exchange that delivers low latency.

The Scalper account is extremely popular for Scalpers naturally and very popular for clients using EA system and robots. We receive excellent feedback in regards to the quality of the order execution on all Yadixaccount types. The Scalper and Pro accounts uses raw spreads to ensure accurate EA triggers and favourable scalping conditions.

Clients looking for lower cost trading with raw spreads should consider the Pro Account. We believe that this account is highly competitive when comparing to alternative options. Remember, as a true STP broker, you trading in a no conflict of interest environment and we guarantee no market making activities whatsoever.

As another poster mentioned we are fully regulated by the Financial Services Commission and have extraordinary levels of fund protection for our clients.

We would be happy to discuss our trading conditions and the benefits of trading with Yadix. Please feel free to contact support via live chat or email to arrange a convenient time.

Regards

George Miller
  • #5
  • Jul 2, 2013 8:07am Jul 2, 2013 8:07am
jhehe, why is it a joke? Those are the conditions for trading! You can either accept them or not, i don't think that it justifies those comments. Another thing, the gentleman Clive is obvious interested in Scalping, for a broker to deliver scalping without any manipulation or issues, then it needs to be of a certain set up. You must understand that not every broker can stasify every trader. I can bet you cannot find one (especially market makers)!

Clive, Yadix is good for scalping, execution is very fast, stable and handles my aggressive scalping very well. The conditions on Pro are great for STP, and also the scalper account.

You'll find support transparent and upfront with all questions. If you try them eventually, then please share your experience.

Alan
Lets scalp some pips...
  • #6
  • Jul 2, 2013 8:20am Jul 2, 2013 8:20am
Quoting adfxdt
jhehe, why is it a joke? Those are the conditions for trading! You can either accept them or not, i don't think that it justifies those comments. Another thing, the gentleman Clive is obvious interested in Scalping, for a broker to deliver scalping without any manipulation or issues, then it needs to be of a certain set up. You must understand that not every broker can stasify every trader. I can bet you cannot find one (especially market makers)! Clive, Yadix is good for scalping, execution is very fast, stable and handles my aggressive scalping...

Hell Yea!!!
  • #7
  • Dec 4, 2014 4:50am Dec 4, 2014 4:50am
I like this broker, it's provided me a good service for more than 2 years now. Execution remains good, service is good and the spreads are very competitive.
  • #8
  • Mar 10, 2015 6:00am Mar 10, 2015 6:00am
Yadix is very popular in my region for EA traders because of Yadix good reputation for the execution and good conditions
  • #9
  • Jan 4, 2017 4:09am Jan 4, 2017 4:09am
Hi George, please can you share your average spread on the Pro and Scalper accounts, also do you have any minimum market distances or hidden restrictions like many other brokers?
  • #10
  • Jan 6, 2017 4:13am Jan 6, 2017 4:13am
Quoting Trutader
Hi George, please can you share your average spread on the Pro and Scalper accounts, also do you have any minimum market distances or hidden restrictions like many other brokers?
Hi Trutader, thanks for the message.

My name is Tony, I am taking over the representation on the forum from George.

Firstly, let me respond to the spreads question. As the Pro and Scalper accounts both use core spreads that we receive from 15+ tier 1 banks and execution venues, these spreads are not marked up. They start from 0.0 pips on the majors and are variable. For example, EURUSD from 0 and average (over one month) is 0.2 pips. The Pro is more suitable for professional traders as the ecn commissions are 30% lower than the scalper, the scalper is available for just $500 and all strategies are welcomed.

All Yadix accounts have zero minimum market distance levels, no limit limits or restrictions and hedging with zero margin requirements. This transparency is why we attract many scalpers, day traders and news traders too.

I hope this information helps. Let me know if you have questions...

All the best

Tony
  • #11
  • Jan 10, 2017 1:31pm Jan 10, 2017 1:31pm
Did you notice the wonderful instant rebate program offers Yadix now? $12 per lot traded and you get paid instantly to your mt4. The spreads are very tight as well.
  • #12
  • Jan 23, 2017 5:04am Jan 23, 2017 5:04am
Hi George,

Thanks for the answer.

The spreads sound good, regarding the minimum distances, just to confirm if I or my EA opens an order I don't need to wait for the market to travel a set number of pips before I can close, or a set time period before I can close?

Do you have any restrictions on HFT trading, scalping within a few seconds? This is how my EA operates.

Thank you
  • #13
  • Feb 13, 2017 4:44am Feb 13, 2017 4:44am
This is the champion broker in spam email.

Out of curiosity this broker has many family. There was need ??

Family :
http://www.tfxmarkets.com/
http://www.ivbrokers.com/
http://www.yadix.com/

Good trades Traders
  • #14
  • Feb 15, 2017 3:54am Feb 15, 2017 3:54am
Been trading with Yadix for a while now because of their approach for profitable traders, EAs and scalpers. I'm impressed with the spreads, execution is fast and filling is good. One thing they don't offer like many mainstream brokers is trading bonus, I am getting bonuses as high as 100% from other brokers.
  • #15
  • Feb 16, 2017 7:47am Feb 16, 2017 7:47am
Quoting Trutader
Hi George, Thanks for the answer. The spreads sound good, regarding the minimum distances, just to confirm if I or my EA opens an order I don't need to wait for the market to travel a set number of pips before I can close, or a set time period before I can close? Do you have any restrictions on HFT trading, scalping within a few seconds? This is how my EA operates. Thank you
Hi Trutader,

Thanks for responding. That's right, there is no minimum market distance restrictions, meaning you can close the order immediately if you wish to. We know this feature is crucial for scalpers and HFT trading so it's available across all account types, no restrictions.

The same applies for time restrictions, there are none, you can open and close in the same second if it suits your system.

Also, we have no issues for HFTs, more than 65% of our client base are using automated trading systems (EAs) and a large portion of those are HFTs or Scalpers.

Also, as a tip. If you're looking for the fastest execution, we have three free VPS options you can benefit from. All of them are located in London, close to equinix LD4 for the best connectivity and an average ping time of 2 milliseconds. More info: http://www.yadix.com/forex-trading-c...ions/Free-VPS/

Please let me know if you have any more questions.

Regards

Tony
  • #16
  • Feb 22, 2017 1:28am Feb 22, 2017 1:28am
Quoting YadixForex
{quote} Hi Trutader, Thanks for responding. That's right, there is no minimum market distance restrictions, meaning you can close the order immediately if you wish to. We know this feature is crucial for scalpers and HFT trading so it's available across all account types, no restrictions. The same applies for time restrictions, there are none, you can open and close in the same second if it suits your system. Also, we have no issues for HFTs, more than 65% of our client base are using automated trading systems (EAs) and a large portion of those...
Thanks for the tip, I have a vps currently located in London, but the ping time to Equnix LD4/5 is something in the region of 6-7 ms, so I think your VPS will be beneficial, how do I go about getting one set up? Can I get one and upgrade specifications if need?
  • #17
  • Feb 22, 2017 1:31am Feb 22, 2017 1:31am
Quoting Chadders20
Been trading with Yadix for a while now because of their approach for profitable traders, EAs and scalpers. I'm impressed with the spreads, execution is fast and filling is good. One thing they don't offer like many mainstream brokers is trading bonus, I am getting bonuses as high as 100% from other brokers.
Chadders20, if these other brokers claim to be STP/DMA/ECN and are offering 100% trading bonuses, I would question their authenticity, no way there is a true stp offering such promotions..
  • #18
  • Feb 22, 2017 4:06am Feb 22, 2017 4:06am
Quoting Trutader
{quote} Chadders20, if these other brokers claim to be STP/DMA/ECN and are offering 100% trading bonuses, I would question their authenticity, no way there is a true stp offering such promotions..
Excuse the ignorance but why is that, surely bonus helps attract clients and can't cause too much damage for the broker, or am I missing something? can anyone else contribute?
  • #19
  • Feb 22, 2017 8:40am Feb 22, 2017 8:40am
Quoting Trutader
{quote} Thanks for the tip, I have a vps currently located in London, but the ping time to Equnix LD4/5 is something in the region of 6-7 ms, so I think your VPS will be beneficial, how do I go about getting one set up? Can I get one and upgrade specifications if need?
All you need to do is fund your trading account and drop a line to the support team who will arrange the ordering of the VPS for you. Generally. the basic VPS spec is sufficient for most EAs, but if you do need an upgrade and the volumes justify it, then your account manager can arrange that for you.

Out of interest what resources does your EA use, I might be bale to add some value here for you.
  • #20
  • Feb 23, 2017 6:01am Feb 23, 2017 6:01am
Quoting Chadders20
{quote} Excuse the ignorance but why is that, surely bonus helps attract clients and can't cause too much damage for the broker, or am I missing something? can anyone else contribute?
Hello Chadders20, I will give you an insight with examples.

Example, client A deposits 500 and gets a 500 bonus, it means that 1000 equity is available to trade. Now, Imagine the trader opens one lot eurusd and losses the entire 1000 to the markets, it means that 1000 is payable to the liquidity provider the order is filled at, yet as an DMA broker Yadix makes the commission or spread on that trade (e.g. on scalper is $10) it means for one trade we would make a loss of $990.

Now, if the broker is a market maker, then no funds are lost to the markets and the broker makes $500 (your losses) and the $500 bonus amount is still virtual.

This is the reason Yadix promotions and rewards are focused on rewarding trading volumes. On the STP broker model offering such bonuses will be irresponsible.

Tony
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