Yakka Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-05 18:37

Abstract：Yakka Global Markets Limited (“Yakka”) is a fintech company registered in United Kingdom, with its head office and founding time undisclosed. It has been verified that this broker is not subject to any regulation. Please be aware of the risk.

　　General Information & Regulation

　　Yakka Global Markets Limited (“Yakka”) is a fintech company registered in United Kingdom, with its head office and founding time undisclosed. It has been verified that this broker is not subject to any regulation. Please be aware of the risk.

　　Market Instruments

　　Tradable financial instruments available on the Yakka platform include forex currency pairs, commodities, precious metals, indices, stocks.

　　Minimum Deposit

　　When it comes to minimum initial deposit, Yakka doesnt make it clear. Most brokers would ask traders to deposit at least $100 to start trading.

　　Leverage

　　Trading leverage is not provided anyway. Leverage magnifies the returns from favorable movements in a currency's exchange rate.It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

　　Trading Platform Available

　　Many brokers use MetaTrader 4 or 5, which is a reliable trading platform that is suited to experienced and first-time traders. This does not mean that any broker who has MT 4 or 5 is necessarily legitimate, but MetaTrader is a trusted platform. We have no idea about the trading platform this broker use.