Tracked byIndependent review teamUpdated Methodology
Bybit
MT5 CFD offering with ~0.1 typical spread + ≈$3 RT equivalent — cost-competitive with ECN tiers despite crypto-first business
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Editorial take
Bybit is a crypto-derivatives venue founded in 2018 and recently regulated by VARA in Dubai for virtual-asset services. The forex/CFD MT5 offering is a 2024 addition and operates separately from the spot/perpetual crypto book that originally built the brand. Zero minimum deposit and 1:500 leverage on FX with a tight 0.1-pip spread plus $3/lot make Bybit's cost competitive on paper for active traders moving between crypto and FX in one account.
VARA's regulatory regime is virtual-assets focused — the FX/CFD product is not separately licensed under a tier-1 derivatives regulator. Treat the FX desk as an offshore CFD broker with crypto heritage rather than a long-standing FX-first operator. If your strategy is FX-only, multi-regulated peers like Tickmill or FxPro have stronger consumer-protection backstops; Bybit's edge is unified crypto+FX exposure under one wallet.
Bybit is primarily a crypto exchange (spot, perpetual swaps, options, copy trading), with derivative leverage up to 1:100 on perpetual contracts — significantly higher than MiFID-II crypto-CFD caps (1:2). Retail onboards via Bybit Fintech Ltd (BVI FSC) — offshore licensing reflects the global regulatory ambiguity of high-leverage crypto derivatives. Spot fees are ~0.1% maker/taker, perpetual fees ~0.02% maker / 0.055% taker — competitive with Binance and OKX. Not appropriate for traditional CFD/forex traders; appropriate for active crypto traders accepting offshore-jurisdiction risk in exchange for product breadth and leverage.
Pricing
- Avg spread
- 0.10 pip
- Commission
- $3.00 / lot
- Min deposit
- None
- Max leverage
- 1:500
Realised cost · EUR/USD · Bybit
| Position | Spread cost | Commission | Total |
|---|---|---|---|
| 0.1 lots | $0.10 | $0.30 | $0.40 |
| 1 lot | $1.00 | $3.00 | $4.00 |
| 10 lots | $10.00 | $30.00 | $40.00 |
Account: Derivatives / CFDs (MT5 & Perpetual Futures) · Verified · source ↗
Regulation
- VARAAEVirtual Assets Regulatory Authority (Dubai)
Dubai virtual-asset oversight — crypto-focused authority, not retail FX investor protection. Verify: vara.ae
Regulator actions
- FCAwarningFCA consumer warning — firm not authorised in the UK
The FCA published a public consumer warning that Bybit is not authorised or registered in the UK, and that UK residents should avoid using the firm’s services. Bybit stopped onboarding UK customers shortly afterwards.
Source ↗
Platforms
Payment methods
Deposit
- Crypto deposits (BTC, ETH, USDT, USDC, etc.) to Bybit on-chain addresses over BTC, ERC20, TRC20, BEP20, and other networksFee: 0 from Bybit; network fee only
- Internal Bybit transfers between accounts by UID (Spot / Funding / Derivatives, or to another user)Fee: 0
- Fiat card purchases (Visa/Mastercard, Apple Pay, Google Pay) via the One-Click Buy flowFee: Payment-provider fee varies by region and currency
- Fiat bank transfers (SEPA / SEPA Instant and local methods) to the Funding AccountFee: Varies by currency and provider; some methods free
- P2P purchases of USDT and other coins for local fiat currenciesFee: Zero or minimal Bybit fee; spread built into the offer price
Withdraw
- Crypto withdrawals to external wallets or exchanges (BTC, USDT, etc.)Fee: Fixed per-coin/network fee (e.g. ~1 USDT on TRC20, ~0.0005 BTC)
- Internal Bybit transfers (no on-chain transaction)Fee: 0
- Fiat withdrawals (EUR and others) to bank accounts via SEPA / SEPA Instant and other payment providersFee: Varies by currency and method; shown in the withdrawal form
- P2P sale of crypto for fiat with settlement via bank transfers outside BybitFee: Zero or minimal Bybit fee; spread in offer price
Who this fits
Fits if
- ✓You already trade crypto at Bybit and want FX CFDs in the same unified-margin account
- ✓You fund via crypto (BTC, ETH, USDT) and want zero broker-side deposit fees
- ✓You want P2P crypto-to-fiat settlement for your country's local currency
- ✓You want a single account that covers spot crypto, crypto perpetuals, and FX CFDs — unique structure in our list
Avoid if
- ✕You live in the US, Canada, UK, France, Singapore, Hong Kong, China, UAE, or OFAC-sanctioned — 13 country-level restrictions
- ✕You want traditional forex regulator cover — Bybit has VARA (Dubai crypto authority) only; no FCA / ASIC / CySEC for FX products
- ✕You want $/lot commission pricing — Bybit charges % of notional (0.02% maker / 0.055% taker); the ~$3/lot figure is our approximation for comparison only
- ✕You need deep forex liquidity — FX CFD is secondary; core business is crypto derivatives
- ✕You're in Crimea, Donetsk, Luhansk, Sevastopol, or Dubai — sub-national restrictions apply regardless of country listing
Compare to other brokers
Frequently asked
What licence does Bybit hold?
Bybit is regulated by VARA. Verify on each regulator's public register before opening an account.
What are Bybit's fees and commissions?
Standard tariff: Derivatives / CFDs (MT5 & Perpetual Futures). Commission per trade: 3%. Minimum deposit: $0. Detailed pricing in the section above.
How do I open an account at Bybit?
Online onboarding: visit Bybit's site, complete the application (ID + tax number), pass identity verification, fund the account ($0 minimum). Open an account: https://partner.bybit.com/b/BROKERLIST.
What trading platforms does Bybit offer?
Bybit provides: MetaTrader 5, Bybit.
What is Bybit's minimum deposit?
No minimum deposit — start with any amount.
Coverage note
- Brokers tracked
- 14
- Regulators indexed
- 55
- Regulator actions logged
- 2
- Latest pricing verification
- Jun 1, 2026
The information above combines broker disclosures, public regulator registries, and our own editorial fit assessment. We do not open live accounts or run execution tests — published pricing is a typical figure, not a guarantee of what you'll pay. Decide accordingly.