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    BYFX Global

    2-5 years
    |
    Regulated in Cayman Islands
    |
    Market Making(MM)
    |
    MT4/5 full license

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10

    License Index

    4.62

    Business Index

    5.86

    Risk Management Index

    8.9

    Software Index

    6.91

    Regulatory Index

    4.59

    Licenses

    Cayman Islands Monetary Authority

    Market Making(MM)

    CIMA Offshore Regulatory

    Overview

    • Company Name:

      BYFX Global Co., Limited.
    • Company Abbreviation:

      BYFX Global
    • Place of registration:

      BYFX GlobalCayman Islands
    • Regulatory Status:

      Offshore Regulatory
    • Customer Service Email Address:

      cs@byfx.com
    • Customer Service Phone Number:

      (44)20 8089 5020
    • Company summary

      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). About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    Cayman Islands Monetary Authority

    Cayman Islands Monetary Authority (CIMA)

    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.

    • Licensed Institution :

      BYFX Global Co., Limited

      Effective Date :

      2018-07-17
    • 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

    BYFX Global · MT4/5

    Identification Result

      BYFX Global · Website

      Most visited countries/areas

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          BYFX Global· Genealogy

          BYFX Global · Clones

          BYFX Global · Market Analysis

          The data are from WIKI Research    2021.04.23 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          BYFX Global · Survey×

          Special Note

          ×
          BYFX Global

          1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

          1.pngWikiFX will not disclose your personal information to third parties.

          1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

          1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

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          Data Sources WikiResearch 2021.04.23 Update

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          Data Sources WikiResearch 2021.04.23 Update

          BYFX Global · Chart
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          Data Sources WikiResearch 2021.04.23 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          BYFX Global
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
          Related Photos
          Confirm to Submit

          Submit successfully!

          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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          BYFX Global · Company summary

            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.

            Market Instruments

            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


          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.