ANSWER Cyberbyte is not a reliable broker for traders even though it states offers that look good to be true.Cyberbyte claims to be regulated by the Malta Financial Services Authority (MFSA). However, when we searched in MFSA, we only found a warning against this broker issued by the regulator. MFSA warned that Cyberbyte was not Maltese registered companies nor licensed or otherwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. You can check the full warning from here.The truth is, Cyberbyte is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Cyberbyte and trade with licensed brokers.
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