ForexBY vs OpenFX
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
33
Verdict
Guarded
Guarded
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
✓$1
Max leverage
1:200
200:1
Min spread (best acct)
from 0
from 0
Commission
$6
—
Cost grade
—
—
Account types
✓4
3
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
Belarus-based traders seeking local NBRB regulation, Traders with account sizes starting from 100 USD/EUR, Those interested in a multi-account structure with varying leverage
Not for
Traders with small trading capital, Residents of countries restricted by the broker, Those seeking high leverage above 1:200
International traders unfamiliar with Belarusian regulation, Traders needing a wide variety of instruments or popular platforms, Those seeking offshore jurisdictions or regulation by major Western authorities
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
2019-06-14
Headquarters
Belarus
Belarus
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.