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ForexBY -

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Score

3.98 /10

Danger

ForexBY

Item: ForexBY
Rating: 3.98

Belarus

2-5 years

Regulated in Belarus

Retail Forex License

Suspicious Scope of Business

High potential risk

https://forexby.com

Influence

C

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Score

Regulatory Index5.50

Business Index6.82

Risk Management Index0.00

Software Index4.95

License Index3.92

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Licenses

NBRB Regulated

Retail Forex License

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

ООО "ЭМФИ"

Company Abbreviation

ForexBY

Platform registered country and region

Belarus

Company website

https://forexby.com

X

https://twitter.com/ForexBYOfficial

Facebook

https://www.facebook.com/ForexBYOfficial

Company summary

Pyramid scheme complaint

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ForexBY · Company summary

ForexBY Review Summary
Founded	2005
Registered Country/Region	Belarus
Regulation	NBRB
Market Instruments	Forex, Indices, Securities, Precious Metals, Oil, Cryptocurrencies
Demo Account	❌
Leverage	Up to 1:200
Spread	From 0 pips
Trading Platform	MT4
Minimum Deposit	$500
Customer Support	Live chat, contact form
	Email: info@forexby.com
	Tel: +375 29 757 70 70, +375 29 687 70 70 (Belarus)
	Tel: +7 (960) 130 37 24 (Russia)
	Social Media: Telegram, Facebook, X
Regional Restriction	USA, Israel, Canada, Puerto Rico, Japan, North Korea, Iran, Ireland

Founded in 2005, ForexBY is a Belarus broker regulated by the NBRB. Customers can trade forex, indices, securities, precious metals, oil, and cryptocurrencies on the MT4 platform. From the transaction information, it is possible to find that the leverage is up to 1:200 and the minimum deposit is $500. Apart from that, ForexBY does not provide services for residents from certain areas.

Pros and Cons

Pros	Cons
NBRB regulated	No demo account
Various trading products	High minimum deposit
Multiple contact channels	Regional restriction
Four account types
MT4 support

Is ForexBY Legit?

Regulated Authority	National Bank of the Republic of Belarus (NBRB)
Current Status	Regulated
Regulated Country	Belarus
Regulated Entity	MFEE Limited Liability Company
License Type	Retail Forex License
License No.	192530878

What Can I Trade on ForexBY?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Securities	✔
Precious Metals	✔
Oil	✔
Cryptocurrencies	✔
Bonds	❌
ETFs	❌

Account Type

Account	Minimum amount	Minimum Lot	Maximum Lot
Standard	500$	0.01	100
Pro	1000$	0.01	100
Premium	10000$	0.01	100
Platinum	50000$	0.01	100

Leverage

Account	Minimum Leverage	Maximum Leverage
Standard	1:3	1:200
Pro	1:3	1:200
Premium	1:3	1:200
Platinum	1:3	1:200

ForexBY Fees

Account	Spread	Commission	Inactive Account Fee
Standard	floating from 0.9 pips	No	25$
Pro	floating from 0 pips	Foreign currency $9 for 1 lot, CFD from 0.02%	25$
Premium	floating from 0 pips	Foreign currency $9 for 1 lot, CFD from 0.01%	25$
Platinum	floating from 0 pips	Foreign currency $9 for 1 lot, CFD from 0.008%	25$

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

The investor's first deposit is a minimum of $500 and subsequent deposits are not less than $10.

	Minimum Transfer	Maximum Transfer	Deposit fee	Enrollment Deadlines	Withdrawal fee	Deadlines for Receipt
Bank cards(VISA, MasterCard)	$10	$5000	0 %	instantly	0 %	3 days to 10 days
Cash replenishment at the bank's cash desk	$10	Unlimited	0 %	3 hours to 3 days	/	/
Bank transfer in foreign currency	$10	Unlimited	Bank commission	1 to 5 days	Bank commission	from 30 minutes to 5 days

Check whenever you want

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Warning: Low score, please stay away! 2

Previous Detection : 2025-09-17

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Survey

Danger

ForexBY

Belarus

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

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Account

Time Machine

ForexBY · Company summary

ForexBY Review Summary
Founded	2005
Registered Country/Region	Belarus
Regulation	NBRB
Market Instruments	Forex, Indices, Securities, Precious Metals, Oil, Cryptocurrencies
Demo Account	❌
Leverage	Up to 1:200
Spread	From 0 pips
Trading Platform	MT4
Minimum Deposit	$500
Customer Support	Live chat, contact form
	Email: info@forexby.com
	Tel: +375 29 757 70 70, +375 29 687 70 70 (Belarus)
	Tel: +7 (960) 130 37 24 (Russia)
	Social Media: Telegram, Facebook, X
Regional Restriction	USA, Israel, Canada, Puerto Rico, Japan, North Korea, Iran, Ireland

Founded in 2005, ForexBY is a Belarus broker regulated by the NBRB. Customers can trade forex, indices, securities, precious metals, oil, and cryptocurrencies on the MT4 platform. From the transaction information, it is possible to find that the leverage is up to 1:200 and the minimum deposit is $500. Apart from that, ForexBY does not provide services for residents from certain areas.