Beware of Forexyard. Quite possibly the worst broker I have dealt with.
There are so many problems with Forexyard, I don't know where to begin.
1. The Cyprus Securities and Exchange Commission has issued a warning against Forexyard. Only a handful of these warnings are issued every year, and the other companies mentioned were all scams as well.
2. Demo and Live data produce different results. When you trade on a demo account and live account side by side, the results will vary. I've personally backtested with other brokers side by side, and not one issue. With Forexyard there were nothing but problems.
3. Their data has been delayed by as much as 30 minutes. Proof of this was provided to Forexyard support and although they have acknowledged that this is a problem at their end, they have not refunded for trades gone bad. Worse yet, this data delay happens without warning, so you end up making real live trading decision on old data.
4. Their platform frequently has disconnection issues. The most of any broker I've ever dealt with.
5. Their breaking news is often flawed. Reporting wrong data, which will result in you making bad trading decisions.
Stay away from Forexyard, they are quite possibly the worst Forex Broker on the internet, so it's no surprise the Cyprus Security and Exchanges commission has issued a warning.
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