ForexBY vs MTBankFX
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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Safer pick ForexBY leads on safety — winning 2 of 3
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
✓25
48
Verdict
Guarded
Guarded
Regulatedⓘ
Yes
No
Licenses
✓1
0
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
—
Max leverage
1:200
—
Min spread (best acct)
from 0
—
Commission
$6
—
Cost grade
—
—
Account types
✓4
0
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 in Belarus seeking a bank-affiliated forex platform, Beginners interested in trading CFDs with small capital, Investors looking for tax-exempt forex trading in Belarus
Not for
Traders with small trading capital, Residents of countries restricted by the broker, Those seeking high leverage above 1:200
Traders outside Belarus due to likely restrictions, Those requiring external regulatory oversight, High-frequency traders needing advanced platforms
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
2019-08-19
Headquarters
Belarus
Belarus
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.