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.