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Covenance vs YWO
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Covenance currently holds a lower overall rating (0) compared to YWO (4.5).
Covenance has a higher minimum deposit than YWO, at 30.0.
Both platforms offer their clients demo accounts, mobile trading.
Traders should note that
both companies offer the same minimum lot size 0.01, but Covenance has a maximum lot size of 100.0, while YWO offers 500.0.
Covenance offers a lower maximum leverage of 1:100, whereas YWO allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 30.0 | 10.0 |
| Commission | 12.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 500.0 |
| Spread | Variable | - |
| Broker type | STP, ECN, Cent | Pro, Cent |
| Maximal leverage (1:?) | 100 | 1000 |
| Availability | STP, ECN, Cent | Pro, Cent |
| Regulation | - | FSCA (South Africa), FSC (Mauritius), MISA (Mwali) |
| Trading Platforms | MetaTrader 5 (MT5) | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Bitcoin, Crypto, USDT | Wire Transfer, Credit Card, Debit Card, Bitcoin, Crypto, Apple Pay, Google Pay, USDT, Visa, Mastercard, cryptoPay |
| Account Currency | USD | USD |
| Languages | English | English, Spanish, French, Thai, Arabic, Vietnamese, Urdu, Bahasa Indonesia |
| Country | Comoros | Comoros |
| Trading platform(s) timezone | Comoros | Comoros, Mauritius, South Africa |
| Other trading instruments | - | Stocks, Commodities, Energies, CFDs, Cryptocurrency |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
