Risk Management Index
The Cayman Islands Monetary Authority （CIMA）was established as a body corporate under the Monetary Authority Law on 1 January 1997. CIMA is created from the merger of the Financial Services Supervision Department of the Cayman Islands Government and the Cayman Islands Currency Board and it takes over the former responsibilities, duties and activities of these two bodies which include the issue and redemption of Cayman Islands currency and the management of currency reserves; the regulation and supervision of financial services, the monitoring of compliance with money laundering regulations, the issuance of a regulatory handbook on policies and procedures and the issuance of rules and statements of principle and guidance; the provision of assistance to overseas regulatory authorities, including the execution of memoranda of understanding to assist with consolidated supervision and the provision of advice to the Government on monetary, regulatory and cooperative matters.
Current Status:Offshore Regulatory
License Type:Market Making(MM)
Regulated in Country/AreaCayman Islands
Regulatory License No.：1458866
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :1458866开曼监管.JPG View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.04.23 updated
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Basic Information & Regulation of BYFX Global
BYFX Global is a wholly-owned overseas subsidiary of SBI Group, a leading Japanese online financial group, providing superior online OTC spot FX and precious metals trading services to clients worldwide. BYFX Global has top-notch liquidity and liquidity provided by 30 banks and prime brokers, as well as highly market-competitive spreads and flexible trading conditions. BYFX Global currently holds a full license with the Cayman Islands Monetary Authority (License No. 1458866).
Security Analysis of BYFX Global
BYFX Global is regulated by a secondary regulator in the Cayman Islands, which means that investors' capital security and trading activities are protected to a certain extent. However, it is advisable for investors to choose a broker regulated by the FCA in the UK to receive compensation in the event of a trader's insolvency.
BYFX Global provides investors with financial products such as OTC spot FX, precious metals, energy CFDs, stocks, and index CFDs.
Accounts & Leverage of BYFX Global
BYFX Global only provides account opening information on its website, but not account type information. The minimum initial deposit requirement for BYFX Global is US$100.
Spreads & Commissions
The average monthly spread on BYFX Global's platform is as low as 0.0 pips for EURUSD and $13 for Spot Gold.
Trading Platforms Available of BYFX Global
BYFX Global provides traders with the most popular MT4 trading platform available. BYFX Global MT4 is available for desktop, mobile, and tablet computers, with a variety of charts and over 50 analytical tools that allow for fast order execution, high stability and convenience, and account history with detailed trading content and profit and loss reports.
Deposit and withdrawal of BYFX Global
BYFX Global offers traders a range of safe, fast, and efficient ways to deposit and withdraw funds: VISA/MasterCard credit cards, Neteller, Skrill, PayPal, FasaPay, PayTrust, American Express, Wire Transfer, THUNDEX Pay, etc.
Pros & Cons of BYFX Global
The main advantages of BYFX Global are:
1. Being regulated
2. Acceptable minimum initial deposit requirements
3. Multiple deposit & withdrawal methods
4. MT4 trading platform
The main disadvantages of BYFX Global are:
1. Failure to provide accounts types
2. Poor regulation
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