BrokersView has found that Bytrox Global appears to be a scam Bytrox Global does not claim to be licensed by any regulator; it only claims to be registered in Saint Lucia. While we can confirm that there is a company with the same name in the Saint Lucia International Financial Centre (IFC) registry, this registration only grants it International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licences forex trading activities. Being unregulated is a major red flag for a fraudulent operation. Therefore, Bytrox Global appears to be a scam.

Which Bytrox Global account do you usually go with? Dear Investor, We do not recommend trading on Bytrox Global. Bytrox Global has not provided any regulatory information, merely claiming that Bytrox Global Limited is incorporated in Saint Lucia and has a physical address in Hong Kong. Firstly, although we did find relevant results in the Saint Lucia International Financial Centre (IFC) system, this only indicates that the entity is registered as an International Business Company (IBC). It does not hold any broker license. The Saint Lucia IFC does not regulate foreign exchange trading, nor does it issue licenses to brokers. Secondly, the Securities and Futures Commission(SFC) of Hong Kong has no record of any entity associated with Bytrox Global. Therefore, Bytrox Global is effectively operating without any regulation. We strongly advise you to avoid trading with such unlicensed brokers to protect your financial assets. View Source