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    ForexBY

    2-5 years
    |
    Regulated in Belarus
    |
    Retail Forex License
    |
    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

    5.50

    Business Index

    6.00

    Risk Management Index

    9.41

    Software Index

    6.91

    Regulatory Index

    5.47

    Licenses

    National Bank of the Republic of Belarus

    Retail Forex License

    NBRB Regulated

    Overview

    • Company Name:

      ForexBY
    • Company Abbreviation:

      ForexBY
    • Place of registration:

      ForexBYBelarus
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      info@forexby.com
    • Customer Service Phone Number:

      +375 29 757-70-70
    • Company summary

      BasicInformation&RegulatorsofForexbyForexbyisaBelarusfinancialservicesprovider,offeringinvestorsaccesstosecurities,OTCforexmarkets,oil,metals,andfuturescontracts.ForexbyholdsaretailforexlicenseauthorizedbytheNationalBankoftheRepublicofBelaruswithregistrationno.УНП192530878.MarketInstrumentsForexbyoffersinvestorsaccesstothemostpopularcurrencypairsintheForexmarket,stocks,indices,securities,preciousmetals,andoil.Accounts&LeverageofForexbyTomeettheinvestmentneedsandtradingexperienceofdifferentinvestors,Forexbyoffersfourdifferentaccounts,namelyStandardAccounts(minimumdepositof$500),ProAccounts(minimumdepositof$1000),PremiumAccounts(minimumdepositof$10,000),andPlatinumAccounts(minimumdepositof$50,000).Theleverageofthefouraccountsrangesfrom1:10to1:100,andtradershavetheflexibilitytochooseaccordingtotheirrisktolerance.Spreads&CommissionsofForexbyStandardAccountshavespreadsstartingat0.9pipsandnocommissions.ProAccountshavespreadsstartingfrom0pips,andcommissionsis$9perlotforForextradingand0.02%forCFDtrading.SpreadsinPremiumAccountsstartfrom0pips,andForextradingcommissionis$7perlot,andCFDtradingcommissionstartsfrom0.01%.SpreadsinPlatinumAccountsstartfrom0pips,Forextradingcommissionsstartfrom$6perlotandCFDscommissionsstartfrom0.008%.TradingPlatformsAvailableofForexbyForexbyofferstraderstwotradingplatforms,thexCriticaltradingplatformandthemarket-leadingMT4tradingplatform.xCriticaloffersonlinequotes,one-clicktrading,andautomatedmarketanalysis.Tradershaveaccesstoover200financialinstrumentsintotal.MT4featuresadvancedchartingperformanceandaccuracyandsetsstopsandprofitsdirectlyonthecharts.xCriticalsupportsanysmartphoneandtabletforiOSandAndroid.MT4istheidealtradingplatformfortheforextradingindustry,enablingtradersofalllevelstodeveloptherighttradingstrategiestohelpthemgetaheadofthefinancialmarkets.DepositandWithdrawalofForexbyTraderscanfundtheirinvestmentaccountsviaVISA,MasterCardcredit/debitcards,internationalbanktransfersandcashreplenishmentatthecashier'sofficeofBelarusianbank. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    National Bank of the Republic of Belarus

    National Bank of the Republic of Belarus (NBRB)

    The National Bank of the Republic of Belarus(NBRB) is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" , but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union. The bank's activities are regulated in the Banking Code enacted in October 25, 2000. Article 25 of the Banking Code, provides that one of the main functions of the NBRB is to ensure efficient, reliable and safe functioning of the interbank settlement system, and prescribes procedures for cash and non-cash settlements in the Republic of Belarus.

    • Licensed Institution :

      MFEE Limited Liability Company (MFEE LLC)

      Effective Date :

      2018-07-23
    • Email Address of Licensed Institution :

      info@forexby.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      http://www.forexby.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      220007, Minsk, Fabritsius St. 8Б, building 1, office 5

      Phone Number of Licensed Institution :

      +375297577070
    • Licensed Institution Certified Documents :

      STFOREX 白俄罗斯监管信息 View Certified Documents STF NBRB监管 2020.11.03 View Certified Documents

    ForexBY · MT4/5

    Identification Result

      ForexBY · Website

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          ForexBY· Genealogy

          ForexBY · Clones

          ForexBY · Market Analysis

          The data are from WIKI Research    2021.07.24 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
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          ForexBY

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          Data Sources WikiResearch 2021.07.24 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
          ForexBY
          * 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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          ForexBY · Company summary

            Basic Information & Regulators of Forexby

            Forexby is a Belarus financial services provider,offering investors access to securities, OTC forex markets, oil, metals, and futures contracts. Forexby holds a retail forex license authorized by the National Bank of the Republic of Belarus with registration no. УНП192530878.

            Market Instruments

            Forexby offers investors access to the most popular currency pairs in the Forex market, stocks, indices, securities, precious metals, and oil.

            Accounts & Leverage of Forexby

            To meet the investment needs and trading experience of different investors, Forexby offers four different accounts, namely Standard Accounts (minimum deposit of $500), Pro Accounts (minimum deposit of $1000), Premium Accounts (minimum deposit of $10,000), and Platinum Accounts (minimum deposit of $50,000). The leverage of the four accounts ranges from 1:10 to 1:100, and traders have the flexibility to choose according to their risk tolerance.

            Spreads & Commissions of Forexby

            Standard Accounts have spreads starting at 0.9 pips and no commissions. Pro Accounts have spreads starting from 0 pips, and commissions is $9 per lot for Forex trading and 0.02% for CFD trading. Spreads in Premium Accounts start from 0 pips, and Forex trading commission is $7 per lot, and CFD trading commission starts from 0.01%. Spreads in Platinum Accounts start from 0 pips, Forex trading commissions start from $6 per lot and CFDs commissions start from 0.008%.

            Trading Platforms Available of Forexby

            Forexby offers traders two trading platforms, the xCritical trading platform and the market-leading MT4 trading platform. xCritical offers online quotes, one-click trading, and automated market analysis. Traders have access to over 200 financial instruments in total. MT4 features advanced charting performance and accuracy and sets stops and profits directly on the charts. xCritical supports any smartphone and tablet for iOS and Android. MT4 is the ideal trading platform for the forex trading industry, enabling traders of all levels to develop the right trading strategies to help them get ahead of the financial markets.

            Deposit and Withdrawal of Forexby

            Traders can fund their investment accounts via VISA, MasterCard credit/debit cards, international bank transfers and cash replenishment at the cashier's office of Belarusian bank.


          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.