Review summary
BYFX Global Co., Limited. is a forex and CFD broker operating for 5-10 years and registered in the Cayman Islands. The firm presents itself as a wholly-owned subsidiary of Japan's SBI Group, yet holds no currently valid authoritative forex trading licenses. According to WikiFX data, its regulatory framework is entirely unverified, with both its claimed Japanese market making license and Cayman Islands securities license displaying 'Unverified' status. This broker offers a range of account types, with minimum deposits starting from $100 on its Standard and Low Spread accounts, and up to $20,000 for its ECN account, alongside high leverage options reaching 1:500 for forex. WikiFX's overall assessment of BYFX Global yields a score of 1.59, indicating a significant departure from standard regulatory and operational benchmarks expected in the industry. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-25)
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
咱卟弃
Hong Kong
I couldn’t log in to the backstage. BYFX Global doesn’t reply to my email.
Exposure
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
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