By Trend

By Trend is the trading name of By Trend LLC, a brokerage entity registered in Saint Vincent and the Grenadines at Suite 305, Griffith Corporate Centre, Kingstown. The company was founded in August 2021 and operates an online trading platform accessible via the domain bytrend.io. It presents itself as a provider of contract for difference (CFD) trading services, offering access to a range of financial markets including forex, commodities, crypto-assets, and securities. The broker targets retail traders globally, particularly those seeking leveraged exposure to multiple asset classes.

Based on our review, By Trend is not regulated by any financial authority. The company is incorporated in Saint Vincent and the Grenadines, a jurisdiction known for light regulatory oversight, and does not hold a license from any major regulator such as the FCA, CySEC, or ASIC. This absence of regulation is a significant factor for traders to consider, as it means the broker is not subject to the investor protection standards, capital requirements, or dispute resolution mechanisms that regulated brokers must adhere to.

By Trend offers three account tiers: Mini, Midi, and Maxi. The Mini account requires a recommended minimum deposit of 500 USD, the Midi account requires 2,000 USD, and the Maxi account requires 5,000 USD. Each tier offers increasing benefits: cashback per lot traded, bonuses on deposits, and monthly interest on the balance. The Mini account provides 3 USD per lot cashback and a 10% bonus, the Midi offers 4 USD per lot cashback, a 20% bonus, and 1% monthly interest, and the Maxi offers 5 USD per lot cashback, a 30% bonus, and 2% monthly interest.

The account structure is designed to incentivize larger deposits and higher trading volumes. The minimum trading volume also scales with the account type: 0.01 lots for Mini, 0.1 lots for Midi, and 1 lot for Maxi. This suggests that the Maxi account is intended for more active or larger-scale traders, while the Mini account caters to those starting with smaller capital.

According to the broker’s website, traders can access over 100 CFD instruments, including currency pairs, commodities, securities, and crypto-assets. By Trend promotes low spreads and zero commissions, along with instant execution technology that it claims enables trade execution in less than a second. The broker also highlights its 'wide loyalty program' and the availability of a web-based trading platform as well as mobile applications for Android and iOS.

It is important to note that the broker does not specify the exact spreads or provide details on the execution model (e.g., market maker or STP). The lack of transparency on these points, combined with the unregulated status, makes it difficult for traders to independently verify the trading conditions.

By Trend does not publicly list its accepted payment methods on the website, but it mentions 'fast withdrawals' as a feature. The broker offers 24/7 customer support via email and a callback form, with separate email addresses for payments, complaints, partner programs, and public relations. The support email is listed as support@bytrend.com, though the official domain is bytrend.io. This discrepancy may be a point of caution.

The broker also provides an economic calendar and claims to have a 'modern' web terminal with integrated protection against DDoS attacks. However, there is no information about account security measures such as two-factor authentication or encryption standards.

By Trend appears to target retail traders who are comfortable with higher-risk, unregulated environments. The tiered account structure with bonuses and cashback may appeal to traders looking for incentive-based trading, particularly those with larger deposits. The inclusion of crypto-assets and the promise of 'instant execution' could attract traders interested in fast-paced markets.

However, the lack of regulation means that By Trend is not suitable for traders who prioritize investor protection, regulatory oversight, or access to compensation schemes. It is also not ideal for traders who require transparent and verifiable trading conditions.

By Trend is a relatively new, unregulated broker based in Saint Vincent and the Grenadines, offering leveraged CFD trading across multiple asset classes. While its website presents a polished image with bonus programs and a modern platform, the absence of regulatory oversight places the burden of due diligence squarely on the trader. Our risk assessment, based on the available information, categorizes By Trend as a high-risk broker, with a FXCanary Scam Risk Score of 75 out of 100. Traders should approach with extreme caution.