CAUTION: There are now two FPA Traders Court guilty verdicts against Yadix. The FPA recommends an extremely high level of caution dealing with this company unless these issues can be resolved.
NOTICE: The FPA received a complaint from a trader who claimed to be using the FPA's Forex News Gun software with Yadix. The trader reported his trades were cancelled on the basis of being abusive.
January 2016 Update: Yadix has issued a press release saying that their Scalper type accounts now accept EAs, Forex News Gun, and similar software. CLICK HERE to verify.
When questioned why the trader who complained about having Forex News Gun Trades cancelled was not reimbursed, Yadix's representative replied...
"...we are not in a position to reveal those reasons (due to confidentiality agreements), further we have committed to disclose the outcome of the arbitration process once completed."
The FPA would like to note that the arbitration process Yadix asks clients to adhere to requires the client filing an arbitration complaint to pay some significant fees. Reaching the point of the first hearing will cost a minimum of $1550.
Yadix is a forex broker. Yadix offers the MetaTrader 4 and MT Mobile forex trading top platforms. Yadix.com offers over 30 currency pairs, metals, oils, and indices for your personal investment and trading options.