Bybit vs Woxa

Bybit vs Woxa Comparison Table 2024
Bybit Woxa
3.1
2.8

Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.

Woxa is an STP broker established in 2021 and regulated by the Financial Services Commission (FSC) in Mauritius. Over 2000 CFDs are available spanning popular asset classes, including forex, stocks, indices, commodities and crypto. Woxa offers an in-house web platform, alongside a mobile app and copy trading service.

Customer Reviews
3.3
Bonus Offer
Up To 4030 USDT Welcome Bonus $50 Welcome Bonus
Comment by Reviewer
"Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives." "Woxa is best for beginners looking for a low minimum deposit, easy-to-use platform and social investing features. However, it seriously trails alternatives in several key areas, including safety, trading fees and customer support."
Pros
  • Dual price mechanism reducing unfair liquidations
  • Increased profit potential with leverage up to 1:100
  • 24/7 customer help from a multilingual service team
  • No limits on trades and withdrawals on any account
  • Best-in-class market depth, minimum price impact trade execution
  • Industry-leading cold wallet strengthens security and improves the safety of funds
  • A useful risk management tool protecting retail traders against unfavorable price fluctuations
  • 100,000 TPS per contract which results in no overloads with an ultra-fast matching engine that is 10x the industry average
  • Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
  • The trading platform is very easy to use thanks to its modern design and intuitive navigation
  • TradingView's charting package is excellent with 100+ indicators and drawing tools
  • The $25 minimum deposit is lower than most alternatives and accessible for beginners
  • It is really easy to open a Woxa account – taking less than 5 minutes
Cons
  • Bybit is not currently regulated in any country
  • Residents of some countries are restricted from opening an account, including clients from the US
  • Woxa is still relatively new with weak regulatory credentials and limited safeguards
  • Spreads came in above average during testing, especially on currency pairs
  • The Academy is good for learning the basics but offers little for experienced traders
  • Traders can't use the MetaTrader platforms and algo trading isn't supported
  • Woxa seriously lags behind top brokers when it comes to market research tools
  • Investors can only deposit with wire transfer and there is a fee for non-USD transfers
  • The copy trading service doesn’t compete with industry-front runners
  • Customer support was unreliable during testing
Instruments
Cryptos, Futures CFDs on Forex, Commodities, Stocks, Indices, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $25
Trading Platforms
  • MT4
  • TradingView
  • Woxa Platform
  • App
Payment Methods
Minimum Trade
0.001 Lots 0.01
Regulator
FSC
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
Yes No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS & Android
App Review

Woxa offers a user-friendly mobile app where you can speculate on 29 currency pairs, including majors and minors. Charts have been optimized for mobile and tablet devices and you can manage your account and speak to customer support. The forex app is available on iOS and Android devices.

Auto Trading
Via 3rd party software
Copy Trading
Yes Yes
Copy Trading Platform
Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge. The CopyTrade service at Woxa allows you to copy the strategies of experienced investors. You can pick master traders based on various metrics, including total returns, risk ratings and trading timescales. However, it trailed best-in-class copy trading app eToro during testing.
Social Trading
No Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
No No
Account Currencies
  • EUR
  • GBP
  • TRY
  • RUB
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Woxa offers a good breadth of CFDs covering popular asset classes, from stocks, indices and forex to commodities and cryptos. High leverage up to 1:400 is also available, which is more than most alternatives. You can trade CFDs on the web platform or investing app.
Leverage
1:400
FTSE Spread
5.38
GBPUSD Spread
5.5
Oil Spread
0.06
Stocks Spread
0.53 (Tesla)
Forex Trading
Forex trading not offered Woxa offers trading on 29 currency pairs including majors, minors and exotics. However during testing, spreads were higher than the industry average at 2.0 pips on the EUR/USD. Also while you can make use of the forex-specific educational resources in the Woxa Academy, materials are not as extensive as other brokers.
Forex App

Woxa offers a user-friendly mobile app where you can speculate on 29 currency pairs, including majors and minors. Charts have been optimized for mobile and tablet devices and you can manage your account and speak to customer support. The forex app is available on iOS and Android devices.

GBPUSD Spread
5.5
EURUSD Spread
2.0
EURGBP Spread
7.8
Assets
29
Cryptocurrency
Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. Woxa offers a slim selection of 10 cryptocurrencies, though major tokens like Bitcoin and Ethereum are available. Spreads on crypto are competitive based on comparisons with other brokers. You can trade digital currencies 24/7 with customizable watchlists.
Spread
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% 28.2
Coins
  • BTC
  • ETH
  • EOS
  • XRP
  • USDT
  • BCH
  • LINK
  • XTZU
  • LUNA
  • SRM
  • TRX
  • RUNE
  • THETA
  • STRM
  • YFI
  • WAVES
  • DXPX
  • ENS
  • USDC
  • ADA
  • BEL
  • BIC
  • REN
  • MKR
  • LING
  • CN98
  • CAKE
  • CAPS
  • BUSD
  • BTT
  • CBX
  • CELO
  • BTG
  • BUSD
  • KLAY
  • BNB
  • DOT
  • AGLA
  • AGLD
  • LING
  • DOME
  • FIU
  • FLOKI
  • FITFI
  • HOT
  • ALGO
  • FCD
  • APEX
  • AXS
  • BAT
  • ANKR
  • BNT
  • BOBA
  • ALGO
  • FIDA
  • FL
  • UNI
  • AAVE
  • SUSHI
  • XEM
  • APE
  • ATOM
  • AVAX
  • DOGE
  • ETC
  • FTM
  • LTC
  • MATIC
  • SAND
  • SWEAT
  • DLC
  • AXS
  • CHZ
  • OP
  • OKSE
  • ZEN
  • ZIL
  • ZRX
  • ACH
  • ACM
  • DYDX
  • ELT
  • FTT
  • HERO
  • NEXO
  • MKR
  • QMALL
  • QNT
  • REAL
  • TRIBE
  • INTER
  • FAME
  • REN
  • ENS
  • ELT
  • ELJ
  • DICE
  • DRIV
  • FLOKI
  • FLOW
  • GENE
  • GMX
  • IME
  • KRL
  • KOK
  • NFT
  • LWF
  • KMON
  • KASTA
  • ICX
  • CRAFT
  • CWAR
  • CTC
  • CULT
  • DEFY
  • DFI
  • DICE
  • DRIV
  • GSTS
  • JST
  • GODS
  • IZI
  • JASMY
  • ERTHA
  • COMP
  • ADA
  • BAT
  • BCH
  • BTC
  • DOT
  • ETH
  • LTC
  • SOL
  • UNI
  • XTZ
Crypto Lending
Yes No
Crypto Mining
Yes No
Crypto Staking
Yes No
Auto Market Maker
No No
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