BYFX Global forex broker Review

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Clients

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Assets

100 USD

Min Deposit

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Avg Spread

BYFX Global

5.2/10

Since 1999

Cayman Islands

Visit

Contact Info

phone

+442080893291

cs@byfx.com

Environment

Weak

WeConnectFX Trade Rating Guide

At WeConnectFX, we are committed to transparency. Below is an overview of our proprietary trade rating system, which assesses brokers based on platform reliability, user trust, financial transparency, and operational history to ensure your peace of mind.

Rating	Label	Meaning
AAA	Elite	Exceptional transparency and trust with long-term consistency.
AA	Excellent	Highly reliable with minor improvement areas.
A	Strong	Performs well overall but may lack deep market credibility.
B	Average	Meets basic expectations, moderate user concerns.
C	Weak	Lacks consistent performance or transparency.
D	High Risk	Significant red flags or repeated user complaints.

Our WeConnectFX rating model uses broker performance signals, licensing history, global presence, and client feedback. It's designed to assist our users in evaluating the safety and service quality of trading platforms effectively.

BYFX Global

Licenses

1 licenses

WeConnectFX

NO:100792

CIMA

Regulatory Status

Authorised

Regulatory Jurisdiction

Cayman Islands

Licensed Entity

Brands

Phone

License No

1458866

Effective Date:

16 Jul 2018

Attached Documents:

Sharing Status:

Exclusive

Country Availability

1 location

Country

Rating

Authorization

Status

Cayman Islands

5.2/10

Authorized

active

Payment Methods

About BYFX Global

Company Overview & Analysis

No detailed analysis available for this broker.

Headquarters

Cayman Islands

Registration 0

Business Model N/A

Risk Assessment

Status

Risk Overrun No

High Risk No

Client Feedback

Total Reviews 2

Performance

Influence Score N/A

Contribution N/A

Account Types

Choose the best fit for your trading style

High Leverage

Overall Rating

5.2

Average

Accounts Variant

Account Specification

Min Deposit

Leverage

Min Position

Stop Out

EA Support

Hedging

Scalping

Protection

Islamic

Trading Conditions

Commission

Platforms

Instruments

Reviews

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Anonymous User

10 hours ago

Since some of my friends trade on this platform, I believe it is relatively reliable. However, whenever there are market fluctuations, this slippage phenomenon almost always occurs.

Anonymous User

10 hours ago

Terrible experience! Their trading signals are completely unreliable, leading to significant financial losses.

BYFX Global

BYFX Global

BYFX Global

Rating breakdown

Regulatory Protection

Financial Safety

Trader Experience

Trading Conditions

Business Transparency

Contact Info

WeConnectFX Trade Rating Guide

Licenses

CIMA

Country Availability

Payment Methods

About BYFX Global

Company Overview & Analysis

Account Types

Choose the best fit for your trading style

Account Specification

Trading Conditions

Reviews