Score
BYFX Global
Cayman Islands|5-10 years| https://www.byfx.com/en/
Website
Rating Index
Contact
Licenses
Licensed Institution：BYFX Global Co., Limited
License No.：1458866
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Cayman Islands
5-10 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskAccount Information
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Website
byfx.com
Server Location
United States
Website Domain Name
byfx.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2007-04-27
Server IP
192.133.77.59
Company Summary
Note: BYFX Global's official website: https://www.byfx.com/en/ is normally inaccessible.
BYFX Global Information
BYFX Global is a brokerage company registered in the United States. While the broker's official website has been closed, so traders cannot obtain more security information.
Is BYFX Global Legit?
BYFX Global is authorized and regulated by the Cayman Islands Monetary Authority(CIMA), the current status is Suspicious Clone, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.
Downsides of BYFX Global
- Unavailable Website
The website of BYFX Global is inaccessible, raising concerns about its reliability and accessibility.
- Lack of Transparency
Since BYFX Global does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.
- Regulatory Concerns
The CIMA regulates BYFX Global. However, the Suspicious Clone status is less safe than a regulated one.
Negative BYFX Global Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
Currently, there are 3 pieces of BYFX Global exposures about Severe Slippage and Scams.
Exposure. Severe Slippage/Scams
| Classification | Severe Slippage/Scams |
| Date | 2019-2020 |
| Post Country | Hong Kong, China |
You may visit: https://www.wikifx.com/en/comments/detail/202004201742253358.html https://www.wikifx.com/en/comments/detail/201911059502125035.html https://www.wikifx.com/en/comments/detail/202003284022886372.html.
Conclusion
BYFX Global Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status indicates that the broker's trading risks are high. It is advisable to choose regulated brokers with transparent operationsto ensure the safety of your investments and compliance with legal standards. Traders can learn more about other brokers through WikiFX. Information improves transaction security.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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阿途
Hong Kong
When it came to the cocking market, the platform closed the market, leading to forced liquidation. I deposited 119826 and suffered a loss of 88534. Can I continue to trade on the platform with slippage?
Exposure
2020-04-20
咱卟弃
Hong Kong
I couldn’t log in to the backstage. BYFX Global doesn’t reply to my email.
Exposure
2020-03-28
阿途
Hong Kong
The slippage of 3~5 pips is normal in gold trading.It is more exaggerated in forex industry with a dozen of pips.I made a loss of several hundred thousand of yuan.
Exposure
2019-11-05
哎呦
Colombia
My suggestion is that if you are new to forex, it is better to find a company that provides negative balance protection, otherwise even if the deposit is very low, as BYFX only needs 100 US dollars, you can still lose a thousand dollars. ! ! And absolutely do not deal with companies that do not have regulatory licenses.
Neutral
2022-11-30