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8.5/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • No
Trading platform:
  • MetaTrader5
Regulation:
  • VARA
  • AFSA
  • NBG
  • MiCAR
Foundation date:
  • 2018
4 879
users picked this broker in 3 months
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Our Evaluation of Bybit

8.5/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Bybit is one of the top brokers in the financial market with the TU Overall Score of 8.5 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bybit clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.

Overall. Bybit offers seamless Forex integration with crypto infrastructure, automatic leverage allocation, and MT5 support with Expert Advisors. The platform is suitable for users familiar with trading basics, as well as beginners and algorithmic traders.

Brief Look at Bybit

Bybit is one of the world’s largest cryptocurrency exchanges. In 2024, it expanded into Forex trading through the MetaTrader 5 (MT5) platform. Users can trade over 100 contracts, including currency pairs, metals, oil, indices, and other commodities. Trading is offered with fixed leverage of up to 1:500 and commissions ranging from $3 to $6 per lot. The platform supports both hedging strategies and Expert Advisors (EAs). Bybit is regulated by the Astana Financial Services Authority (AFSA) in Kazakhstan, holds a preliminary license from the Virtual Assets Regulatory Authority (VARA) in Dubai and secures MiCAR license from Austria’s Financial Market Authority (FMA).

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Advantages of trading with Bybit:
  • Access to Forex and CFDs without the need for third-party broker verification;
  • Support for trading via mobile and desktop MT5 versions;
  • Leverage up to 1:500 on most contracts;
  • Transparent commission and spread calculation system;
  • ECN model with ultra-tight spreads and fixed lot-based commissions;
  • No minimum deposit requirements;
  • Free demo account for virtual trading.
Disadvantages of Bybit:
  • No multi-currency accounts;
  • Limited passive income options in the Forex market.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Bybit provides access to Forex trading through the MetaTrader 5 platform, offering a diverse range of assets, including over 60 Forex currency pairs, metals, and commodities. With maximum leverage up to 1:500, Bybit allows both novice and experienced traders to operate with flexibility and convenience. The platform supports algorithmic trading via expert advisors and transparent fee structures, with low trading fees and no minimum deposit requirements. An added advantage is the integration of crypto wallets for seamless deposits and withdrawals.

However, Bybit presents some drawbacks, such as the absence of multi-currency accounts and limited passive investment options in Forex. The company, regulated by AFSA and VARA, lacks Tier-1 regulatory oversight, which may be a concern for risk-averse traders. The platform may be more suitable for traders comfortable with moderate regulatory coverage and those who prefer an extensive range of trading instruments.

Bybit Trading Conditions

Your capital is at risk.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: MetaTrader 5 (MT5)
📊 Accounts: Real MT5, Demo
💰 Account currency: USDT
💵 Deposit / Withdrawal: Cryptocurrencies (via Bybit Wallet), payment systems, bank transfers, cards, P2P
🚀 Minimum deposit: No
⚖️ Leverage: Up to 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01 lot
💱 EUR/USD spread: 0,1 pips
🔧 Instruments: Forex, cryptocurrencies, CFDs on indices and commodities
💹 Margin Call / Stop Out: Stop out: 50%
🏛 Liquidity provider: N/A
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Order execution: Market
⭐ Trading features: High leverage, MT5 platform with hedging and Expert Advisors
🎁 Contests and bonuses: Yes

Bybit provides access to Forex trading through the MetaTrader 5 (MT5) platform, offering a wide range of instruments including currency pairs, metals, indices, and commodities. Accounts are denominated in USDT, with deposits and withdrawals processed through Bybit’s crypto wallets. Maximum leverage is 1:500, and the minimum order is 0.01 lot.

Bybit Key Parameters Evaluation

User Satisfaction i

Score:
9.7/10

Share your experience

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shubhansh.st
10 weeks ago

After using Bybit for crypto, I decided to try Forex trading through MT5. At first, I didn’t fully understand how automatic leverage works, but eventually figured it out - it’s fixed per contract and cannot be changed. It’s good that deposits are free and withdrawals have fixed rates depending on the coin. I haven’t seen any hidden fees or markup. Everything is ECN as stated. Trading via the MT5 mobile version is convenient, but support response times can be slow.

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tatari7220
11 weeks ago

I registered with MT5 from Bybit to trade CFDs because I didn’t want to go through a lengthy broker verification. It’s convenient that there’s no minimum deposit, so you can start with any amount. Commissions are clear: $3 per lot on indices and oil, which is reasonable. Spreads are tight, especially on EUR/USD. I use the demo account for testing - it’s nice that it’s free. One downside is the lack of passive income tools in Forex. But order execution is good, and I haven’t experienced delays.

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boab21529
13 weeks ago

I have tried trading on MT5 via Bybit. I liked that I could use Expert Advisors and open both long and short positions simultaneously. This gave me more flexibility. Leverage up to 1:500 on currencies seems attractive but should be approached with caution. The $6 commission per lot on currencies is average for Forex, and everything is calculated transparently. Withdrawal through the crypto wallet worked fine, though choosing the network took some time. The currency selection is diverse, with over 60 pairs available.

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boobalan
15 weeks ago

Bybit has its own trading platform, which is a real advantage. It runs directly in the browser, with no need for installation - no conflict with the operating system, nothing slows down, orders are sent quickly and without delay. The interface is simple and intuitive, so even if you've worked with other platforms before, it won't be hard to get used to - but if you're planning to trade futures, be prepared to deal with the conditions. For beginners, it can all seem too confusing: leverage formulas, premium index terminology, funding rates and funding size - it all takes time and attention.

Bybit dispose de sa propre plateforme de trading, ce qui constitue un véritable atout. Elle fonctionne directement dans le navigateur, sans nécessiter d'installation - pas de conflit avec le système d'exploitation, rien ne ralentit, les ordres sont envoyés rapidement et sans délai. L'interface est simple et intuitive, même si vous avez déjà travaillé avec d'autres plateformes, il ne sera pas difficile de s'y habituer.
Mais si vous envisagez de négocier des contrats à terme, préparez-vous à devoir faire face aux conditions. Pour les débutants, tout peut sembler trop confus : les formules de calcul de l'effet de levier, la terminologie relative aux indices de primes, les taux de financement et la taille du financement - tout cela demande du temps et de l'attention.

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appkech
21 weeks ago

It is important to understand from the outset that in the event of a dispute, there is unfortunately no mechanism to protect a merchant's interests in bybit. There is no independent arbitration and no formal claims procedure. It's best to know this in advance, so you don't have to scour the forums in search of justice - here, you're effectively on your own against the platform.
On the other hand, the practical combination of forward and open-ended contract negotiation is a strong point. It offers great flexibility in terms of strategy and allows you to adapt to different market conditions. You can combine approaches, hedge risks and build more sophisticated positions. This will be particularly appreciated by traders who like to vary their horizons and work both short and long term.

Il est important de comprendre dès le départ qu'en cas de litige, il n'existe malheureusement aucun mécanisme pour protéger les intérêts d'un commerçant dans bybit. Il n'existe pas d'arbitrage indépendant ni de procédure officielle d'examen des réclamations. Il est préférable de le savoir à l'avance, afin de ne pas avoir à courir les forums à la recherche d'une justice - ici, on se retrouve en fait seul face à la plateforme.
D'un autre côté, la combinaison pratique de la négociation de contrats à terme et de contrats à durée indéterminée est un point fort. Elle offre une grande souplesse dans les stratégies et permet de s'adapter aux différentes conditions du marché. Vous pouvez combiner des approches, couvrir des risques et construire des positions plus sophistiquées. Cela sera particulièrement apprécié par les traders qui aiment varier leurs horizons et travailler à la fois à court et à long terme.

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mahesh
1 year ago

Is Bybit a reputable and well-known exchange? Of course, it is. It is known by many people, and many use this platform to exchange cryptocurrencies or trade on spot or futures. Does Bybit have any disadvantages? Like all exchanges, of course, it does. Sometimes the platform can freeze, and once my withdrawal was delayed. Is it possible to trade here? I think you can.

Чи є біржа Bybit авторитетною та відомою? Безперечно, є. Її знають багато, багато хто використовує цей майданчик для обміну криптовалют або торгівлі на споті чи ф'ючерсах. Чи є у біржі Bybit недоліки? Як і у всіх, звісно, є. Іноді платформа може зависнути, одного разу мені затримали висновок. Чи можна тут торгувати? Гадаю, що можна.

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cjdilanka
1 year ago

As a trader, I can only give positive feedback about Bybit. The user-friendly and fast platform allows you to navigate the current market situation well and react quickly to market movements. There are enough trading orders, and you can conduct both active intraday trading and open deals with a long-term perspective. Withdrawing cryptocurrency from Bybit takes no more than an hour.

Як трейдер, я можу залишити тільки позитивний відгук про біржу Bybit. Зручна та швидка платформа дозволяє добре орієнтуватися в поточній ринковій ситуації та швидко реагувати на рухи ринку. Є достатньо торгових ордерів, і можна проводити як активну внутріденну торгівлю, так і відкривати угоди з довгостроковою перспективою. Вивід криптовалюти з Bybit займає не більше години.

Score:
8.9/10

Trading Account Opening

To open an MT5 account on Bybit’s platform, follow these steps:

1

Go to the MT5 page on Bybit and click “Register.” If you don’t have a Bybit account yet, complete the registration process.

2

After logging in, revisit the MT5 page and click “Open MT5 Account.”

3

Accept the terms of use by checking the box, then click “Next.”

4

Create a master password for your MT5 account and confirm it, then click “Create MT5 Account.”

5

The system will provide MT5 login credentials, including an investor password. Click “Go to My Dashboard” to access your MT5 user account.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
4.4/10

Regulation and safety

Bybit has a safety score of 4.4/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
  • Negative balance protection
Disadvantages
  • Not tier-1 regulated
  • Track record of less than 8 years

Bybit Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSC (Mauritius) FSC (Mauritius) Financial Services Commission of Mauritius Mauritius No specific fund Tier-3
FSC (Belize) FSC (Belize) Financial Services Commission of Belize Belize No specific fund Tier-3

Bybit Security Factors

Foundation date 2018
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
8/10

Commissions and fees

The trading and non-trading commissions of broker Bybit have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Low Forex trading fees
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Bybit with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Bybit RAW/ECN spreads

Bybit Pepperstone OANDA
Commission ($ per lot) 3 3 3,5
EUR/USD avg spread 0,1 0,1 0,15
GBP/USD avg spread 0,2 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Bybit. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Bybit Non-Trading Fees

Bybit Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
7.51/10

Account types

Bybit offers simplified access to the Forex market. Traders can choose from two account types: real and demo.

Account Type
Description
Real MT5.
An ECN account for trading currencies, indices, oil, metals, and other commodities in the Forex market. You can start with any amount by funding the wallet in your Bybit account. Commissions depend on the chosen instrument and are displayed directly on the platform.
Demo.
An account with virtual funds that can be used to simulate real trading. It is free to access.
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
7.2/10

Deposit and withdrawal

Bybit received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Bybit provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Advantages
  • USDT (Tether) supported
  • Bank card deposits and withdrawals
  • Wise transfers supported
  • Bank wire transfers available
Disadvantages
  • Only major base currencies available
  • Limited deposit and withdrawal flexibility, leading to higher costs

What are Bybit deposit and withdrawal options?

Bybit provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Wise, Payoneer, Skrill, Neteller, BTC, USDT, Ethereum.

Bybit Deposit and Withdrawal Methods vs Competitors

Bybit Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal Yes Yes Yes
Wise Yes No No
BTC Yes No No

What are Bybit base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Bybit supports the following base account currencies:

What are Bybit's minimum deposit and withdrawal amounts?

The minimum deposit on Bybit is $0, while the minimum withdrawal amount is $0. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Bybit’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.25/10

Markets and tradable assets

Bybit offers a limited selection of trading assets compared to the market average. The platform supports 132 assets in total, including 61 Forex pairs.

Advantages
  • Indices trading
  • 61 supported currency pairs
  • Copy trading platform
Disadvantages
  • Bonds not available
  • No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by Bybit with its competitors, making it easier for you to find the perfect fit.

Bybit Plus500 Pepperstone
Currency pairs 61 60 90
Total tradable assets 132 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products Bybit offers for beginner traders and investors who prefer not to engage in active trading.

Bybit Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading Yes No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
7.8/10

Customer support

Information

Bybit offers 24/7 support for all inquiries. The website also features a form where users can submit suggestions and recommendations to help improve exchange operations.

Advantages

  • 24/7 support
  • Live chat on the website

Disadvantages

  • Occasional delays in response times

Available communication channels include:

  • Email;

  • Phone;

  • Live chat;

  • Feedback form on the website;

  • Telegram;

  • Discord.

Contacts

Foundation date 2018
Registration address Suite 201, 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, Mauritius
Regulation VARA, AFSA, NBG, MiCAR
Official site https://www.bybit.com/
Contacts
+230 4892661
Score:
9.23/10

Education

Information

Bybit offers specialized Forex trading education through the Bybit Learn platform. It features detailed guides, video courses, and live broadcasts focused on trading currency pairs and CFDs. Educational livestreams, hosted by professional traders, cover strategies and key aspects of Forex market operations.

What’s on Bybit’s website
What’s not on Bybit’s website
Step-by-step instructions for using MT5
Courses on technical and fundamental analysis
Video tutorials on copy trading in the Forex market
Materials on trading psychology and emotion control
Live Forex trading streams with professional traders
 

Comparison of Bybit with other Brokers

Bybit Eightcap XM Group RoboForex TeleTrade
Trading
platform
MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5
Min deposit No $100 $5 $10 $10
Leverage From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:1000
Trust management No No No No No
Accrual of % on the balance No No No 10.00% 1.00%
Spread From 0 points From 0 points From 0.8 points From 0 points From 0.2 points
Level of margin call
/ stop out
No  /  50% 80%  /  50% 100%  /  50% 60%  /  40% 70%  /  20%
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No
Cent accounts No No No Yes Yes

Detailed Review of Bybit

Bybit is one of the world’s largest cryptocurrency exchanges, launched in 2018. In August 2024, it introduced access to the Forex market through the popular MetaTrader platform, specifically the advanced MT5 version. Bybit MT5 users can trade a range of instruments, including Forex, metals, commodities, oil, and stock indices. Available instruments include 61 currency pairs, 6 metals, 13 commodities, 4 oil instruments, and 18 stock indices. Maximum leverage reaches 1:500, except for commodities, which are capped at 1:20. Trading commissions range from $3 to $6 per lot, depending on the asset class.

Bybit’s trading platforms:

MT5 — a functional platform available on Android, iOS, Windows, and macOS devices.

Bybit by the numbers:

  • Launched in 2018;

  • 60+ million users globally;

  • Available in over 195 countries;

  • 100+ available MT5 contracts;

  • More than 60 Forex currency pairs;

  • Maximum leverage is 1:500;

  • Minimum deposit is 0 USDT.

Services offered by Bybit:

  • Spot and margin trading in cryptocurrencies;

  • Trading crypto derivatives — options and futures;

  • Algorithmic trading using bots;

  • Forex trading through MT5 terminals;

  • Earn programs — staking, asset management, liquidity mining, and more;

  • Crypto loans, including fixed-rate options;

  • Over-the-counter (OTC) trading.

Promotions and bonuses:

  • Welcome bonuses;

  • Promotional campaigns;

  • Airdrops.

Advantages:

1

Access to over 100 CFD contracts;

2

Trading available through the MetaTrader 5 (MT5) platform;

3

Hedging support for risk management;

4

Unrestricted use of Expert Advisors (EAs);

5

No fees for deposits, inactivity, or account maintenance;

6

Stable integration with crypto wallets for deposits and withdrawals.

Latest Bybit News

15.07.2025
Olga Shendetskaya
​Bybit launches Token Splash with 5.5M PFVS prize pool
Bybit has announced the launch of the PFVS Token Splash, a promotional trading event designed to reward new users with a share of 5,500,000 Puffverse
11.07.2025
Olga Shendetskaya
Bybit launches meme challenge with $500 in rewards
​Cryptocurrency exchange Bybit has launched a community-driven meme contest, inviting its users to create and share humorous content centered around the
10.07.2025
Olga Shendetskaya
Bybit launches PUMP Token Sale in partnership with pump.fun
​Bybit has launched a token sale for PUMP, a meme coin associated with the pump.fun platform. The campaign will start on July 12, 2025, and will run

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