Brokers  /  ForexBY

ForexBY

Moderate risk
Belarus · 5-10 years · since 2020-11-19 · ООО "ЭМФИ"
NBRB
Visit site ↗
—/5
★★★★★ ★★★★★
2 reviews ›
1
Licenses ›
0
Withdrawal issues ›
$500
Min. deposit ›
1:200
Max leverage ›
4
Account types ›
25/100
Scam risk ›
1
Clone sites ›
Accounts: Platinum · $50,000Premium · $10,000Pro · $1000Standard · $500
▲ 50% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX4.01/10
Trustpilot—/5
Forex Peace Army—/5
25
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • Limited public information available
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing3835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameООО "ЭМФИ"
Headquarters Belarus
Founded2020-11-19
Years operating5-10 years
Employees0
Official websiteforexby.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods3 · Bank, cards
Withdrawal methods2 · Bank, cards
InstrumentsForeign ExchangePrecious MetalsSpotStock and Index CFDs + Russian Stock CFDsCryptocurrency Futures
Registered address
г. Минск, ул. Притыцкого, д. 27А, пом. 6-11

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
NBRBForex Trading License (EP)192530878BelarusRegulated

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
Platinum1:200$50,000from 0Foreign currency $6 per 1 lot CFDs from 0.008%✓
Premium1:200$10,000from 0Foreign currency $7 per 1 lot CFDs from 0.01%✓
Pro1:200$1000from 0Foreign currency $9 per 1 lot CFDs from 0.02%✓
Standard1:200$500from 0.9--✓

Review analysis AI

Across 2 recent Trustpilot reviews, 0% are 1–2 star. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users praise
Where reviewers are from
Ecuador1
France1

Real user reviews

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About ForexBY

ForexBY is a forex and CFD broker based in Belarus, with records dating to 2020-11-19. It reports oversight from NBRB.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying ForexBY. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full ForexBY review