Is By Trading Scam or Legit Broker?

No, By Trading is a Non-Regulated Broker. It is NOT SAFE to trade. The broker is not regulated by any reliable authority, thus investing with the company means risking your money. 

  • BY Trading firm caught the attention of the respected FMA authority, while the warning to investors was issued and followed by other authorities within the EU to spread the state around. (Please check the information hereby)
  • The regulators' purpose is to protect the population from fraudulent investments and risky businesses conclude those particular companies are not entitled to carry out certain financial transactions or services. That causes for action and informing the general public is deemed necessary and reasonable with regard to possible disadvantages of the company concerned.

About By Trading
🗺️ Registered inNo Regulation
🗺️ Type of LicenseNo License
🛡️ Is By Trading safe to trade?No
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is BY Trading?

BY Trading is a brokerage firm established in Wien, Austria that claims to conduct trading services on over 15 market destinations. The company offers includes clearing services to institutional and professional traders with specialization in commodities, stocks, options, futures, forex, bonds, CFDs, and funds.

  • There is also mention about BY Trading's experience and professional providing of practice for 20 years. However, the main question is why the company promises allegedly professional trading services while located within reputable EU jurisdiction and is a non-authorized firm. Still, remains unclear if the state of about 20 years of operation is true or false, yet what is definitely the fact that the company does not hold an FMA, Austria license and is an Austrian financial service firm means the entity operates illegally.
  • Therefore, we would also follow and always strive to support potential clients and traders with the correct decision to choose among the regulated brokers. Among the visual benefits, the authorities brokers operate under the safety rules implied to protect clients and even to cover the trader’s funds in case of the broker’s insolvency.

BY Trading Review


BY Trading Review Conclusion

Based on our research By Trading is not a safe broker to invest in. We recommend avoiding unregulated and offshore brokers and investing with companies, licensed in the UK or Australia (Find best forex brokers in Australia), such as BlackBull Markets, where regulation is strict and there are certain client protection rules. 

  • Overall ranking and experience for By Trading is Negative

BY Trading Update

We found the By Trading website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

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