FxBay Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-10 21:09

Abstract：FxBay Live is a Forex broker that provides trading solutions for all market segments with 1000x leverage. The tradable instruments over 250 include forex, stock indices & oil, metals, bonds, CFDs, and commodities. The broker also provides three real accounts. The minimum spread is 0.0 pips, and the minimum deposit is $100. FxBay Live is still risky due to its unregulated status.

FxBay Live Review Summary
Founded	2019-11-09
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex/Stock indices & Oil/Metals/Bonds/CFDs/Commodity
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.5 pips(for EURUSD)
Trading Platform	MT5(Desktop/MAC/iPhone/Android)
Min Deposit	$100
Customer Support	Phone: +974 7745 4133
Customer Support	Email: support@finfx.com

FxBay Live Information

　　FxBay Live is a Forex broker that provides trading solutions for all market segments with 1000x leverage. The tradable instruments over 250 include forex, stock indices & oil, metals, bonds, CFDs, and commodities. The broker also provides three real accounts. The minimum spread is 0.0 pips, and the minimum deposit is $100. FxBay Live is still risky due to its unregulated status.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Unregulated
MT5 available	No Islamic account
Commission free
Spread from 0.5 pips(for EURUSD)
Demo account available
24/7 customer support

Is FxBay Live Legit?

　　FxBay Live is not regulated, making it less safe than regulated brokers.

What Can I Trade on FxBay Live?

　　FxBay Live offers 100+ markets, including forex, stock indices & oil, metals, and bonds, as well as CFDs, commodities,cryptos, and equities.

Tradable Instruments	Supported
Forex	✔
Commodity	✔
Stocks indices	✔
Oil	✔
Bonds	✔
ETFs	✔
Metals	✔
Equities	✔
Cryptocurrencies	✔

Account Type

　　FxBay Live has three account types: ECN, PRO, and VIP. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open an ECN account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders.

Account Type	ECN	PRO	VIP
Deposit	$100-$1000	$500-$5000	$10000-Unlimited
Leverage	1:1-1:500	1:1-1:400	1:1-1:100
Spread	From 0.8 pips	From 2 pips	From 0.5 pips
Commission	No	No	No

FxBay Live Fees

　　The spread is from 0.5 pips (for EURUSD), the commission is 0. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

　　FxBay Live cooperates with the authoritative MT5 trading platform available on desktop, MAC, iPhone, and Android to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop/MAC/iPhone/Android	Experienced traders

Deposit and Withdrawal

　　The first deposit amount must be $100 or above. FxBay Live accepts Wire Transfers, Visa, MasterCard, Payeer, Neteller, Bitcoin, Skrill, WebMoney, and more for deposit and withdrawal. There is $0 on deposit. The transfer processing time is up to 5 to 7 working days and associated fees are free.

Name	Processing time	Fee	Method
MasterCard	Instant	Free	Deposit
Visa	Instant	Free	Deposit
WeChatPay	Instant	Free	Deposit
SoFortuberweisung	2 hours	Free	Deposit
Giropay	Instant	Free	Deposit
Giropay	2 hours	Free	Deposit
Ideal	Instant	Free	Deposit
Maestro	Instant	Free	Deposit
JCB	Instant	Free	Deposit
China Union Pay	Instant	Free	Deposit
Skrill	2 hours	Free	Deposit
Neteller	Instant	Free	Deposit
Webmoney	3-5 working days	Free	Deposit
Yemadal	Instant	Free	Deposit
Local Deposit	3-5 working days	Free	Deposit
International Deposit	5-7 working days	Free	Deposit