BYFX Journal (Broker out of business)
| Journal status: closed BYFX out of business |
BYFX Profile
Website
www.byfx.com
Year
2018
Country
Cayman Islands
Branches
21
Regulation
CIMA Cayman Islands
Registration
no
Investor protection
Fund protection
no
Publicly traded
TYO:8473
Restricted in
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
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 12 months
| Update broker |
- Full listing profile: BYFX broker profile
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.byfx.com/en/trading-platform/
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