WikiFX

Sagot

As an independent forex trader who rigorously researches brokers before ever considering them for real trading, I have to be especially cautious with platforms like BYDS. From my deep dive into their available details, I found that BYDS is unregulated and there is no credible, transparent disclosure of account conditions—including typical spreads on major forex pairs like EUR/USD. In my own approach, reliable brokers always provide clear, verifiable information about standard account spreads, which is vital for me to analyze trading costs and risk. The absence of this fundamental data from BYDS is troubling, especially since user reports highlight severe red flags around withdrawals and suspicious practices. To be very clear, I could not find any specific, trustworthy data regarding the typical EUR/USD spread on a BYDS standard account. This level of opacity greatly affects the trust I can place in a broker—spreads and trading conditions must be transparent and verifiable for me to feel confident putting my capital at risk. Given this, I would advise an extremely conservative approach; personally, I would not proceed with any broker that cannot provide clear and reliable details on something as basic yet essential as spread information.