ByteFX

Is ByteFX safe and legit？ Full review

ByteFX is a Saint Lucia-based broker established in 2025 and regulated by The Financial Services Regulatory Authority (FSRA). It offers two account types, Standard and Pro, with a minimum deposit of $20 and maximum leverage of up to 1:2000, and trading runs on the MT5 platform under a full MT4/5 license. Account opening is digital, and every account supports hedging, scalping, and EA trading. Its stated strengths include FSRA regulation, a full-license MT4/5 platform, and multiple account types, while its drawbacks include the lack of biometric login and the expectation of slow customer support responses. The broker's influence rating is C, with an average influence index of 5.30, concentrated mainly in the United Arab Emirates and India.

Basic Information

Regulatory Compliance and Security

ByteFX is regulated by The Financial Services Regulatory Authority (FSRA) in Saint Lucia through ByteFX Capital Ltd., under regulation number 2025-00893. The regulator's status is listed as Regulated, and the broker's safety level is Level 1.

Account Type

ByteFX offers 2 types of accounts:

Trading software

ByteFX uses the MT5 trading platform, which holds a full MT4/5 license and is rated "Perfect". The platform supports a selection of options and is highly customizable.

MT4/5 Server Distribution:

• MT5 Servers: BytefxCapital-Trade (United Kingdom), BytefxCapital-Trade (Netherlands)

Customer Service

ByteFX's customer service supports 5 languages and covers 1 region. You can reach the team by phone, email, and social channels including X, Instagram, and YouTube, though response times may be lengthy.

⚠️ Note: Most inquiries can receive an answer, but the waiting time may be long.

Influence

ByteFX holds an influence rating of C. Its influence is mainly distributed across the United Arab Emirates and India, with an average influence index of 5.30.