This broker is closed. Try trading with HighLow instead.
FinanceYards is a relatively new binary broker that was launched in September 2016. The broker is a brand of Spot Capital Markets, a registered Cyprus Investment Firm, licensed by CySEC.
Read our full review to find out how this broker stands out from the rest.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
The minimum deposit for FinanceYards traders Is $250, the industry standard, while the lowest trade amount is just $5 when trading 60 second options.
They offer 3 account types; Micro, Premium and VIP Gold account. While the basic Micro account comprises a financial new report and educational materials, the higher accounts also include a web tour and site intro, a dedicated account manager and market data report. The VIP Gold account, which requires a minimum deposit of $5000, also offers the feature of personalized training.
Opening an account with FinanceYard is a quick and simple process, taking no more than 5 minutes. Upon submitting the form with your details, traders will receive a confirmation email and then be able to make a deposit and start trading.
Accounts can be opened in EUR, USD, GBP but traders should take note that the currency cannot be changed after registration.
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A variety of over 200 assets is offered with this broker so traders get to choose from all the popular stocks, currencies, commodities and indices.
FinanceYards implemented the leading SpotOption trading platform which combines easy navigation with some useful trading tools making it an industry favourite.
The Roll-Over and Double Up features, for example, are common trading features which allow traders to delay expiry time or to increase their investment amount, according to market movements and thereby allow
Traders can choose between several option types; high speed, 60 seconds, 5-minute, long-term options, Pairs, One touch, Ladder options as well as the classic high/low.
The payout on the options range from 60% to 91% and varies with option type, asset and expiry time.
Unfortunately, this broker does not offer signals on trades.
If you want to trade with an award-winning licensed broker, we recommended using IQ Option
We were glad to discover that FinanceYards offers its members a wide variety of customer support options.
Apart from phone support listed for Cyprus, Bahrain and the UK, traders may also get in touch by filling out a form or by sending an email on [email protected].
There is also a live chat feature and after testing it out for ourselves, we got a swift and helpful reply within a few seconds.
For serious complaints, traders may also fill out and send a Client Complaint Reporting Form that may be sent directly to the parent company Spot Capital Markets in order to resolve the matter as efficiently as possible.
The FAQ section is well laid out and answers all the basic questions generally asked by traders.
They also claim to offer a vast educational section however we were quite disappointed to find they did not deliver in this regard; first of all, the eBook page is permanently ‘under construction’ and when clicking on the link for video tutorials/SuperTrader TV, the page keeps on displaying a ‘loading’ message but the video is never shown. Hence, all that is provided are some basic articles on trading that would only satisfy the most newbie traders.
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FinanceYards is owned and operated by Spot Capital Markets Ltd, a company with offices located in Cyprus and regulated by CySEC under license number 210/13.
A smart trader should always be aware to check for regulation information about a broker before depositing any money with them and luckily, this broker provides all necessary regulatory information.
Apart from keeping their customers’ funds in a segregated bank account to ensure additional security, FinanceYards is also a member of the Investor Compensation Fund, meaning that all their traders are insured up to $20,000 in the event that the broker should go bankrupt.
Deposit procedure is extremely simple with FinanceYards, as the broker offers all the popular payment methods, from credit cards (Visa, Mastercard, Maestro, Delta, Diners, Solo) to bank wire, as well as some e-wallets too (Skrill, Neteller, 20 in all).
When it comes to withdrawals, the whole process may take up to 7 days for the funds to show up on traders’ accounts. The minimum withdrawal amount is $50.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Trade with an
award-winning broker
like IQ Option
