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FO

ForexBY Review: Is It Legit and Regulated?

MFEE Limited Liability Company

BY Operating period unverified
AKA LLC "STF Financial" AKA MFEE LLC

FindMyFX score

medium risk

6.0/10

0 Score out of 10 10
Independent assessment Updated 2026-07-20

Contact & regulation

Official website
forexby.com
Address
220092, Minsk, Pritytskogo Street 27A, Belarus
Primary license
NBRB · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is ForexBY legit and regulated?

FindMyFX has license records for ForexBY, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

ForexBY is operated by MFEE Limited Liability Company in Belarus. The National Bank of the Republic of Belarus lists the company in the forex-company register under number 11, with inclusion dated 4 November 2020.

Professional broker overview

FindMyFX editorial summary

ForexBY is the registered domain of MFEE Limited Liability Company, which appears in the Belarus National Bank's current forex-company register under number 11. The broker publishes Standard, Pro, Premium and Platinum account categories, market execution, floating spreads and maximum leverage of 1:100. Its official funding page states bank-card and bank-transfer options, but availability and timing can vary by method.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: The brand's legal company previously used the short name LLC "STF Financial" according to the regulator register.

Operational status
active
Broker type
unknown
Execution model
Market execution is stated for the published account types.
Support hours
Not verified

Documented advantages

  • The Belarus regulator directly publishes the entity, TIN, register number, inclusion date, address and contacts.

Documented limitations

  • Method availability and processing times can differ, and several cost fields were not captured as single verified values.
88%coverage

Published profile coverage

7 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

MFEE Limited Liability Company

Primary
BY 192530878

Trading access

Account types

Available account structures and their current verification state.

1 account

Standard

unverified
Deposit
Not shown
Leverage
1:100

Commission information not shown.

Spread
From 0.90 pips
Base currencies
Not shown
Margin call / stop-out
—% / —%
Demo / Islamic
Unknown / Unknown
Balance protection
Unknown
Last verified
Not verified

Markets and instruments

Cryptocurrency CFDs

unverified

Foreign currencies

unverified

Oil

unverified

Precious Metals

unverified

Securities CFDs

unverified

Stock indices

unverified

Deposit and withdrawal methods

bank card

unverified

Deposit: Yes · Withdrawal: Yes

Instant deposit; withdrawal may take 3-10 days · Broker fee stated as 0%

Bank transfer

unverified

Deposit: Yes · Withdrawal: Yes

Processing time not shown · Broker fee stated as 0%

Research sources

Register of Forex Companies National Bank of the Republic of Belarus unverified
ForexBY official homepage ForexBY unverified
Account types ForexBY unverified
Deposit and withdrawal ForexBY unverified

Licenses and regulators

NBRB

11

unverified

Last verified: Not shown

Type: Inclusion in register of forex companies
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Open official register ↗

Non-trading fee schedule

Deposit Fee

unverified

Amount not shown · 0.0000%

The official funding page states a 0% broker fee for listed funding methods.

Withdrawal Fee

unverified

Amount not shown · 0.0000%

The official funding page states a 0% broker fee for listed withdrawal methods.

Jurisdiction-specific offerings

BY · retail

unverified

Entity not linked · Leverage 1:100

Compensation scheme not shown

Instrument trading costs

EURUSD

unverified

Typical spread: 1.50000 pips · Commission: —

Swap long — · short —

Score components

Regulation and licenses

7.5/10 · 35%

Official licence evidence was inspected.

Security and track record

5.0/10 · 20%

Only a limited official history review was completed.

Trading conditions

7.5/10 · 15%

Score reflects the official trading-condition data captured.

Company transparency

7.5/10 · 10%

Score reflects published entity and contact data.

Service quality

5.0/10 · 10%

Official service channels were found; response quality was not tested.

Verified user reviews

0.0/10 · 10%

No verified user-review dataset was inspected.

Profile update history

Broker profile was published.

2026-07-20

Related regulated broker profiles

These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.

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