BYFX Journal

Journal status: live
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BYFX Profile
Year
2018
Country
Cayman Islands
Branches
21
Regulation
CIMA Cayman Islands
Registration
no
Investor protection
Fund protection
no
Publicly traded
TYO:8473
Restricted countries
Not serving
х China, Hong Kong
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
20 ms
LPs total
30
LPs quality
Tier-1 Banks, Non-Banks, ECNs
LPs names
...

BYFX Accounts
MM
Minimum Deposit
100 $
Leverage
100 : 1
Minimum Lot
0.1 lots
EURUSD spread
0 pips
Commission
0 $/lotRT
Volume
10 lots
Margin Call
80 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is BYFX safe?

  • Investor protection: no
  • Regulation: CIMA Cayman Islands
  • Registration: no
  • Publicly traded: TYO:8473
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is BYFX trusted?

  • Information transparency: high ★★★★★
  • Customer service: virtually non-existent
  • BYFX website: uninformative, updated ★★
  • BYFX popularity (by visitor count): low visits ★★

How BYFX works

BYFX Global is licensed and regulated in Cayman Island by the Cayman Islands Monetary Authority (CIMA) to conduct securities investment business as a Market Maker...

(t) you understand the risks described in Appendix 1 and you are willing and able, financially and otherwise, to assume the risks of trading in LFX/PRECIOUS METALS/CFD, and that the Loss of your Account balance and any resulting negative balance will not change your lifestyle;

https://www.12trader.com/terms-and-conditions

https://www.byfx.com/en/trading-platform/

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