FxBay Live -Some Important Details about This Broker

General Information

Registered in Saint Vincent and the Grenadines, FxBay Live is a forex broker providing easy access to a massive financial market, Forex, Shares, Cryptocurrencies, Indices. With the Crib Markets platform, investors can get access to four trading accounts: Cent, Classic, Pro and VIP, the minimum deposit to invest with this broker starting at $1.

FxBay Live is the trading name of FxBay Live Limited, an International Business Company registered in St Vincent and the Grenadines with Registration Number: 25690BC2019. This broker is not subject to any regulation, please be aware of the risk.

Market Instruments

With the FxBay Live platform, five classes of trading instruments can be traded, including Forex, Metals, CFDs, Commodities, Indices.

Account Types

FxBay Live provides three types of trading accounts, namely ECN, Pro and VIP. To open an ECN account, clients have to deposit at least $100, which is acceptable for most regular traders. traders who want to try the Pro account need to fund at least $500 and the VIP Account requires $10,000.

How to open an account with FxBay Live？

Opening an account with FxBay Live is an easy and simple process:

1. Click the “Sign Up” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

FxBay Live provides flexible leverage options, from 1:1 to 1:500, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

With no commission charged, spreads are tightly associated with account types. The minimum spreads provided by the ECN account is from 0.8 pips, with the Pro account from 2 pips, the VIP account from 0.5 pips.

Trading Platform

FxBay Live provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Payment Methods

The minimum deposit to invest with Crib Markets is $100, and FxBay Live allows its clients to make a deposit and withdrawal through VISA, MasterCard, Wechat, GiroPay, IDEAL, Masetro, JCB, China Union Pay, Skrill, Neteller, WebMoney, Local Deposit, and more.

Customer Support

FxBay Live can go to the FAQ section to look for some basic answers concerning trading accounts, and if clients are in need of staff service, they can get in touch with this broker through the following contact channels:

Telephone: +44 7452240979

Email: support@fxbaylive.com

A Contact Form

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.