Reason to avoid: Negative Reputation
Listed Date: September 26, 2018
Top 3 Regulated Forex Brokers
- Company name:
Quantix Financial Services Limited. Yadix.
- Registration Address/ License:
Belize. IFSC authorized.
Yadix brand is powered by Quantix Financial Services Limited, a company which is a Financial Services Company located in Belize and authorized by the International Financial Services Commission (IFSC, Belize”). Yet, Belize is a popular and known offshore center of financial companies, since the authorization requirements are a way lower compared to other reputable industry authorities.
Yadix offers a brokerage and trading services through an STP/ ECN connectivity without dealing desk intervention and claims to deliver institutional conditions with the support of auto-trading and more. There is a range of account types to choose from, as well as the wide offering of trading instruments.
However, apart from the attractive proposals to the investors, there were cases from the Yadix traders that occurs in the cancellation of orders, as well as some manipulation of the price. There were also issues with the official claims and verdicts against the trading environment delivered by Yadix.
Overall, the main concern about Yadix is their lack of serious regulation, thus compliance with the strictest operational standards, and of course loose reputation among the traders and those who invest with Yadix. Besides, we always advise avoiding investing and trading with an offshore company, since their compliance with the necessary client protection level remains open. Nonetheless, financial investments are much safer while engaging with reputable and well-regulated brokers, alike based in Switzerland, UK or Australia since their local authorities perform the highest level of watching across the licensed companies.