BrokersView has Reviewed that Bytrend is an Unregulated Broker Bytrend claims to be registered in Financial Services Authority (FSA) of Saint Vincent and the Grenadines, but we don't find any results on FSA of Saint Vincent and the Grenadines matching to Bytrend. What's more, FSA of Saint Vincent and the Grenadines doesn't regulate forex and it is not a regulatory institution. The truth is that Bytrend is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.