ForexBY vs LegacyFX
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safety & Trust
Scam-risk scoreⓘ lower = safer
✓25
85
Verdict
Guarded
Severe
Regulatedⓘ
Yes
Yes
Licenses
1
1
Tier-1 regulatorsⓘ
0
0
Trustpilot score
—
—
Reviews collected
—
—
Exit riskⓘ lower = safer
—
—
Known clonesⓘ
1
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$500
$500
Max leverage
1:200
100: 1
Min spread (best acct)
✓from 0
from 0.6
Commission
$6
—
Cost grade
—
—
Account types
4
✓7
Best for
Suits
Belarus-based traders seeking a locally regulated broker, Traders with a minimum deposit of $500 or more, Investors interested in Russian stock CFDs
Traders with high risk tolerance who want to test an obscure broker, Clients comfortable with $500+ minimum deposits and Belarusian regulation
Not for
Traders with small trading capital, Residents of countries restricted by the broker, Those seeking high leverage above 1:200
Traders seeking strong regulatory protection (FCA, CySEC, ASIC), Those needing transparent trading conditions or a wide range of instruments, Risk-averse investors or beginners
Products & Funding
Instruments
Foreign Exchange, Precious Metals, Spot, Stock and Index CFDs + Russian Stock CFDs, Cryptocurrency Futures
--
Deposit methods
Bank, cards
--
Withdrawal
Bank, cards
--
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2020-11-19
2020-06-10
Headquarters
Belarus
Belarus
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.