Ya Hi Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this YaHi Review.

Ya Hi Review

Ya-Hi is a forex broker, which primarily targets Russian clients. The company’s original website is in Russian and the English version has some translations which may not exactly be on point. That being said, we will focus this review on their offer, instead of criticizing the way the service is presented.

The Company. Security of Funds
Ya-Hi is owned by Ya-Hi Ltd., a company registered on Saint Vincent and the Grenadines. While you may have not heard of this destination, it is quite popular amongst forex brokers. There are multiple risks involved in dealing with off-shore brokers, but if that wasn’t enough, Ya-Hi does not claim affiliation with any financial regulator.

As you will know, if you have read any of our other reviews, we view the legal status of any broker as the most important part of their credibility. The reason for that is quite obvious, when trading with an unlicensed company, you are accepting their word as a guarantee of their service. They have the full potential to simply take their clients’ funds and close shop.

In order to prevent this kind of activity, most countries have set-up dedicated agencies to monitor the activity of companies providing financial services. In Russia, the Central Bank does this, while in Australia, for instance, the ASIC (Australian Securities and Investments Commission) does this. The latter requires forex brokers to keep clients’ money in the so called “segregated accounts”. This is rule which prevents brokers from simply stealing your trading capital.

The Australian watchdog also requires companies to have capital holdings of AUD 1 million, before even applying. This is done in order to guarantee financial stability and a long-term commitment.

Trading Conditions

Minimum Initial Deposit

You can start trading at Ya-Hi, by depositing $1. This level is set to attract as much clients as possible, which isn’t an uncommon strategy. The FCA regulated broker and spread betting provider IG, does not have a minimum requirement (although this is basically the same as setting it to $1)

Keep in mind, there is nothing wrong with starting out small. However, always be sure to risk money, which you can afford to lose.

Average spreads & Commissions

When testing the Ya-Hi trading platform we saw the EUR/USD spread consistently being around 0.9 pips. The company’s website claims the spread should start from 1.5 pips for real accounts or 2.0 for demo accounts.

This is a very unusual – the company advertising non-competitive levels, while offering much better conditions in the platform. We are not certain exactly what one will get after opening a real account, but then again, the lack of regulatory oversight is a much more important factor for us.

Leverage

Ya-Hi offers 1:100 in leverage. This is considered a rather conservative level in the current environment, although it used to be the standard several years ago. It was the commonly accepted level, because it can facilitate serious trading and is not very high.

Keep in mid, a high leverage ratio can be dangerous for your investment. US regulators have limited the maximum leverage offered to retail clients to 1:50, to protect uneducated clients.

Trading Platforms

Ya-Hi offers trading with MetaTrader4(MT4). You are most likely already familiar with this software, presuming you are not new to forex trading. The platform is being offered by a lot of brokers and enjoyed by even more traders.

MT4 provides a lot of functionality: great charting, fast order execution (depending on your broker and speed of internet connection), the ability to handle many instruments at the same time and most importantly the MQL marketplace. This is an online store, where you can buy, sell, lease or even find some free custom add-ons for the platform. The most popular ones are technical indicators and Expert Advisors – automated trading strategies.

The most notable downside of MetaTrader4 is the lack of default multiple-monitor support. The entire platform is constrained in as single window, which prevents you from using a traditional day trading set up. On the other hand the mobile version (for Android and iOS) is very nice – probably the most advanced smartphone trading app.

This is how the platform provided by Ya-Hi looks by default:

Methods of Payment

Ya-Hi provides several payment methods, which include Credit/Debit Card, OnPay, Perfect Moeny, Qiwi and Yandex Money. As you can see, the focus is greatly shifted towards the Russian market.

While the aforementioned e-wallets are popular in Russia, a lot of traders from other countries prefer using Neteller. Click the link above, if you are interested in companies, offering it.

Ya-Hi is an off-shore forex broker, which mostly focuses on Russian clients. The company is not overseen by any financial regulatory agency, which is quite troubling. Furthermore, the trading conditions presented on the website do not match the ones in the trading platform.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Ya Hi Review Conclusion

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