Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Bybit Pros & Cons
- 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.
- No multi-currency accounts;
- Limited passive income options in the Forex market.
TU Expert Verdict
I can confidently recommend Bybit — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
Bybit User Reviews
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5-star
82%
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4-star
10%
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3-star
7%
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2-star
0%
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1-star
0%
I did not find any weakness
Bybit is a great cryptocurrency trading platform that offers a variety of tools and features for all types of traders. It has an easy-to-use interface, strong security, and a wide range of trading options. Bybit constantly updates its platform with new features, making it a top choice for traders who want to get the most out of the crypto market. Whether you're new to trading or have advanced strategies, Bybit provides a reliable and efficient place to trade.
Nothing
The Bybit designed for every level of crypto traders. the simple user interface has been helpful. I only have one concern but I cannot say it is an issue at the moment. This has to do with when i reached out with the customer care to inquire if i can trade futures. The response that i can trade a range of USDC-settled contracts including both USDC Perpetual and USDC Futures Contracts came, but when it did i was off my screen and attending to other things. Can't say if the slow response is due to network or other external issues. I don't know if it is too early to conclude that the customer service is slow.
I did not come across any weaknesses.
I've always been eager to find new and innovative ways to increase my profits while reducing risks. Recently, I decided to explore staking on Bybit and purchased some BTC for this purpose. Bybit's staking feature allows users to earn passive income by locking up their assets for a set period of time. To start staking, simply navigate to the web3 function and select staking. From there, choose the investment you wish to stake, review the interest rate, network and flexi-term options, then click stake. Cryptocurrency staking offers a way to earn money without actively trading or mining coins making it accessible to beginners. However, like all investments, it comes with its own risks. Staking has not only provided me with a reliable source of additional income but has also helped me diversify my portfolio. Bybit's staking mechanism is supported by strong security measures, ensuring the safety of your assets at all times.
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Commissions and Fees
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 criteria8 /10The trading and non-trading commissions of Bybit have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Bybit Safe?
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 criteria4.4 /10Bybit 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.
- Is regulated
- Negative balance protection
- Track record over 8 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.9.6 /10Bybit offers the following account options: Demo, ECN/Raw spread.
Bybit covers the core account types, making it convenient for traders with different preferences and strategies.
- Tight spread ECN account
- Demo account
- Low minimum deposit
- Micro lots are not available
- No Standard account option
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Deposit and Withdrawal
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 methodology7 /10Bybit received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
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. Learn the assessment criteria6.3 /10Bybit offers a limited selection of trading assets compared to the market average. The platform supports 132 assets in total, including 61 Forex pairs.
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Trading Account Opening
We successfully registered an account with Bybit in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Bybit is $0.Score:We evaluated Trading Account Opening at Bybit by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria6.6 /10Bybit received a score of 6.6/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10 -
Customer Support
Score:We evaluated Customer Support at Bybit by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria9.7 /10
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FAQs
How safe is trading with Bybit according to the regulation and safety review?
Bybit has a safety score of 4.4/10, which is described as a low security level in the review. It is regulated by the Financial Services Commissions of Mauritius and Belize (both Tier-3 regulators), offers negative balance protection and requires KYC verification, but it is not Tier-1 regulated and there is no specific investor compensation fund mentioned.
What does the review say about Bybit’s trading commissions and other fees?
The review rates Bybit’s overall fee level as low, giving it a fees score of 8/10. On RAW/ECN accounts, the commission is $3 per lot with average spreads of 0.1 pips on EUR/USD and 0.2 pips on GBP/USD, and the broker does not charge deposit, withdrawal, or inactivity fees according to the provided table.
How are Bybit’s account types described in the review?
The review states that Bybit offers a demo account and an ECN/Raw spread real MT5 account, but does not provide a Standard, Cent, Micro, Swap Free, VIP, or managed account. The real MT5 account supports trading in currencies, indices, oil, metals, and other commodities with commissions shown on the platform, while the demo account uses virtual funds and is free to access.
What markets and tradable assets are available on Bybit according to the review?
Bybit supports 132 total assets, including 61 currency pairs, as well as stocks, commodity futures, crypto, and stock indices, but options, bonds, and ETFs are not available. The review also notes that futures are not available and that copy trading is supported, while PAMM and managed accounts are not offered.
What feedback does the review provide about Bybit’s mobile trading apps?
The review notes that Bybit offers dedicated mobile apps for iOS and Android, with a mobile section score of 8/10 and around 10,000,000 total downloads. The apps support indicators, mobile alerts, and 2FA, and have user ratings of 4.7 on the App Store and 4.6 on Google Play, although the number of charting tools is described as lower.
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