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FxBay Live -

Score

1.52 /10
Danger

FxBay Live

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://fxbaylive.com

Influence

C

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.07

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FxBay Live Limited

Company Abbreviation

FxBay Live

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2025-02-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

scam zone

i was unable to withdraw despite having enough in my account

Desire99103
2021-09-23 20:18
Unable to Withdraw

This company from the first day they give me hard time,

I start with them buy minimum deposit to try them , nora sharif was my account manager she calls me many time to make me deposit 100,000PHP but i neglect her. i ask her to send me a from to wathdrow my profit , i sent all the documents they ask for then nothing everyday she call me telling me movies about the money then she told me they change the account number & password try to do more money before we send u the profit, i believed that my money is gone on the air & it happened in 3 days my account became 300 $ . i think we have to get an action to stop this scam network, to protect other victims , it can be happen only by writting on websites, i think we can be all one hand to file a case against this company & we make the interpol interfere in this issue to ctach this scam network.

Rey
2021-09-23 18:26
FxBay Live · Company summary
FxBay Live Review Summary
Founded2019-11-09
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex/Stock indices & Oil/Metals/Bonds/CFDs/Commodity
Demo Account✅
LeverageUp to 1:1000
SpreadFrom 0.5 pips(for EURUSD)
Trading PlatformMT5(Desktop/MAC/iPhone/Android)
Min Deposit$100
Customer SupportPhone: +974 7745 4133
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.

FxBay Live Information

Pros and Cons

Pros Cons
Leverage up to 1:500Unregulated
MT5 availableNo 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.

Is FxBay Live Legit?
Is FxBay Live Legit?

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✔
What Can I Trade on FxBay Live?

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 ECNPROVIP
Deposit$100-$1000$500-$5000$10000-Unlimited
Leverage1:1-1:5001:1-1:4001:1-1:100
SpreadFrom 0.8 pipsFrom 2 pipsFrom 0.5 pips
CommissionNoNoNo

FxBay Live Fees

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

FxBay Live Fees

Leverage

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

Leverage

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 PlatformSupported Available Devices Suitable for
MT5✔Desktop/MAC/iPhone/AndroidExperienced traders
Trading Platform
Trading Platform

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.

NameProcessing timeFeeMethod
MasterCardInstantFreeDeposit
VisaInstantFreeDeposit
WeChatPayInstantFreeDeposit
SoFortuberweisung2 hoursFreeDeposit
GiropayInstantFreeDeposit
Giropay2 hoursFreeDeposit
IdealInstantFreeDeposit
MaestroInstantFreeDeposit
JCBInstantFreeDeposit
China Union PayInstantFreeDeposit
Skrill2 hoursFreeDeposit
NetellerInstantFreeDeposit
Webmoney3-5 working daysFreeDeposit
YemadalInstantFreeDeposit
Local Deposit3-5 working daysFreeDeposit
International Deposit5-7 working daysFreeDeposit
Deposit and Withdrawal
Deposit and Withdrawal

Bonus

The minimum deposit for a new account is $100 to withdraw the bonus. The minimum is a 50% deposit bonus.

Bonus

User Reviews

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User comment

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Comments

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Yueh
more than one year
Scammers located in Saint Vincent and the Grenadines, here's a lot of corruption and scammers, they paying part to Politicians in Saint Vincent and the Grenadines and they cover them, protect them...
Scammers located in Saint Vincent and the Grenadines, here's a lot of corruption and scammers, they paying part to Politicians in Saint Vincent and the Grenadines and they cover them, protect them...
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2022-12-14 15:31
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Korkiat64424315
more than one year
I would have liked to try out the broker's services risk-free by opening a demo account, but this was not an option. Think twice before entrusting your money to this broker.
I would have liked to try out the broker's services risk-free by opening a demo account, but this was not an option. Think twice before entrusting your money to this broker.
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2022-12-11 16:18
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