Bybit vs Zacks Trade

Bybit vs Zacks Trade Comparison Table 2024
Bybit Zacks Trade
3.1
3.9

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.

Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.

Bonus Offer
Up To 4030 USDT 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." "Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
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
  • Demo account
  • 20+ account denominations
  • Comprehensive research and data
  • Customizable proprietary trading platform and mobile app
  • Regulated by FINRA with access to the Securities Investor Protection Corporation
Cons
  • Bybit is not currently regulated in any country
  • Residents of some countries are restricted from opening an account, including clients from the US
  • No MT4 or MT5 platform integration
  • High minimum requirement of $2,500
  • No forex, commodities or futures trading
  • Withdrawal fees apply if removing funds more than once per month
  • Shortcomings regarding platform loading times and technical glitches
Instruments
Cryptos, Futures Stocks, ETFs, Cryptos, Options, Bonds
Demo Account
Yes Yes
Minimum Deposit
$0 $2500
Trading Platforms
  • MT4
  • TradingView
  • Own
Payment Methods
Minimum Trade
0.001 Lots $3
Regulator
FINRA
Margin Trading
Yes Yes
Margin Rate
3.56
STP Account
Yes No
ECN Account
No No
DMA Account
No Yes
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 No
Market Maker
No No
P2P Trading
Yes No
Spot Trading
Yes No
Mobile Apps
Yes (iOS & Android) iOS & Android
Auto Trading
Via 3rd party software Yes (algos)
Copy Trading
Yes No
Copy Trading Platform
Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge.
Social Trading
No No
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $15
Islamic Account
No No
Account Currencies
  • EUR
  • GBP
  • TRY
  • RUB
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • HUF
Stock Exchanges
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. Clients can trade a modest handful of cryptos including Bitcoin, Ethereum, and Litecoin. Real-time quotes are available and fees are low. Commissions also drop if you trade digital currencies in high volumes.
Spread
Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% 0.18% fee per trade
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
Crypto Lending
Yes No
Crypto Mining
Yes No
Crypto Staking
Yes No
Auto Market Maker
No No
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