FxBay Live -Some Important Details about This Broker
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 |
| 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 |
Bonus
The minimum deposit for a new account is $100 to withdraw the bonus. The minimum is a 50% deposit bonus.
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