FxBay Forex Broker

FxBay Live Review SummaryFounded2019-11-09Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex/Stock indices & Oil/Metals/Bonds/CFDs/CommodityDemo Account✅LeverageUp to 1:1000SpreadFrom 0.5 pips(for EURUSD)Trading PlatformMT5(Desktop/MAC/iPhone/Android)Min Deposit$100Customer SupportPhone: +974 7745 4133Email: support@finfx.comFxBay 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 ConsPros Cons Leverage up to 1:500UnregulatedMT5 availableNo Islamic accountCommission freeSpread from 0.5 pips(for EURUSD)Demo account available24/7 customer supportIs 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 ECNPROVIPDeposit$100-$1000$500-$5000$10000-UnlimitedLeverage1:1-1:5001:1-1:4001:1-1:100SpreadFrom 0.8 pipsFrom 2 pipsFrom 0.5 pipsCommissionNoNoNoFxBay 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 PlatformSupported Available Devices Suitable for MT5✔Desktop/MAC/iPhone/AndroidExperienced tradersDeposit 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 timeFeeMethodMasterCardInstantFreeDepositVisaInstantFreeDepositWeChatPayInstantFreeDepositSoFortuberweisung2 hoursFreeDepositGiropayInstantFreeDepositGiropay2 hoursFreeDepositIdealInstantFreeDepositMaestroInstantFreeDepositJCBInstantFreeDepositChina Union PayInstantFreeDepositSkrill2 hoursFreeDepositNetellerInstantFreeDepositWebmoney3-5 working daysFreeDepositYemadalInstantFreeDepositLocal Deposit3-5 working daysFreeDepositInternational Deposit5-7 working daysFreeDepositBonus The minimum deposit for a new account is $100 to withdraw the bonus. The minimum is a 50% deposit bonus.