Review summary
BYFX Global Co., Limited., operating for 5-10 years from the Cayman Islands, presents itself as an offshore forex and precious metals broker. The broker offers a range of account types, including an ECN account with spreads from 0.6 pips and a maximum leverage of 1:500, with a minimum deposit starting at $100 for standard accounts. Despite holding licenses from the Japanese Financial Services Agency (FSA) and the Cayman Islands Monetary Authority (CIMA), both licenses are currently listed as unverified, meaning their regulatory validity has not been confirmed by WikiFX. Public exposure reports highlight issues such as significant slippage during high volatility, platform outages leading to account blowouts, and difficulties in contacting customer support. With a WikiFX score of 1.60, BYFX Global lacks clear authoritative oversight, and traders should exercise caution regarding the unverified regulatory status and reported operational risks. 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: 2026-07-17)
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