GYD-Overview of Minimum Deposit, Leverage, Spreads

General Information

Founded in 2010, GYD is allegedly an online Forex and CFD broker registered and established in the USA, based in England, authorized and regulated by the England FSP and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), claiming to provide its clients with the worlds most widely-used MetaTrader4 platform, leverage up to 350:1 and low spreads on over 72 tradable assets.

Market Instruments

GYD advertises that it offers more than 72 trading asset classes throughout worldwide financial markets, including forex, metals, commodities, gold, silver, oil and CFDs.

Leverage

The maximum leverage ratio provided by GYD is much higher than most brokers, up to 350:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

GYD claims that it offers its clients low spreads from 0.1 points, yet no more specific information available directly on its official website.

Trading Platform Available

When it comes to trading platforms available,GYD says to give traders the worlds most trusted and popular MetaTrader4 platform, available on Windows operating systems 2000, XP, Vista, or 7 and Mac OSX. MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring multiple order types, 85 pre-installed indicators, analysis tools, multiple chart setups, automated trading, order execution capabilities and more.

Deposit & Withdrawal

GYD accepts deposits via credit/debit cards (a 4% deposit processing fee), wire transfers ($15-25 charged by the bank) and the third-party payment providers such as PayPal and Moneybookers (a 2.4% -3.9% deposit processing fee); withdrawals with credit/debit cards, wire transfers and UnionPay card. The broker says it doesnt charge any withdrawal fees, but there may be fees incurred by the bank or payment processor depending on what withdrawal option you choose. The minimum deposit requirement is $2,000, while the minimum withdrawal amount is $50. As for the processing time of deposit and withdrawal requests, credit/debit cards deposits are processed within 1 working day, wire transfers deposits require 2-4 working days, the third-party payment providers such as PayPal and Moneybookers will complete funding on the same day; while domestic banks withdrawals usually require 1-2 working days while international banks withdrawals may take up to 3-5 working days or less, UnionPay card will complete withdrawals on the same working day.

Customer Support

You can send messages online to get in touch with GYD. However, this broker doesnt disclose other more direct contact information like telephone numbers, email and the company address while most brokers offer.