FXTM vs Bybit

FXTM vs Bybit Comparison Table 2023
FXTM Bybit
4
3.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FXTM is a top-rated forex and CFD broker. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ markets and three account types, they cater to all levels of trader.

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.

Bonus Offer
30% up to $100 via Exinity Ltd Up To 4030 USDT Welcome Bonus
Comment by Reviewer
"FXTM is a good pick for forex traders seeking low fees, excellent market research and access to the familiar MetaTrader 4 platform." "Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives."
Pros
  • Free educational materials and market insights
  • Customer support in 30+ languages
  • Negative balance protection
  • Regulated by FCA & CySEC
  • Multiple industry awards
  • 1000+ financial assets
  • Transparent pricing
  • Beginner-friendly
  • Copy trading
  • Forex VPS
  • 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
Cons
  • No ETFs or bonds
  • Selection of stocks is not extensive
  • Mediocre spreads on commission-free accounts
  • Limited e-wallet payment options
  • Withdrawal fees
  • Bybit is not currently regulated in any country
  • Residents of some countries are restricted from opening an account, including clients from the US
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
Instruments
Forex, CFDs, Indices, Commodities, Stocks Cryptos, Futures
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • Web Platform
  • Mobile Platform
  • MT4
  • MT5
  • AutoChartist
  • MT4
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.001 Lots
Regulator
CySEC (Cyprus), FCA (UK), FSCA (South Africa), FSC (Mauritius)
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No Yes
Spot Trading
Yes Yes
Mobile Apps
iOS, Android & Windows Yes (iOS & Android)
Auto Trading
FXTM Invest plus Expert Advisors (EAs) on MetaTrader Via 3rd party software
Copy Trading
Yes Yes
Copy Trading Platform
FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios. Learn from traders with proven strategies in forex, stocks and more. Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
USD/EUR/GBP 5 per month $0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • EUR
  • GBP
  • TRY
  • RUB
Stock Exchanges
Commodities
CFD Trading
FXTM's CFD list includes forex, stocks, commodities and indices. The global entity also offers crypto CFDs. Leverage depends on jurisdiction, with rates up to 1:30 from its CySEC-regulated branch and a massive 1:2000 from its global entities. CFD trading not offered
Leverage
1:30 (EU), 1:2000 (Global)
FTSE Spread
1.3 pts
GBPUSD Spread
0.3 (var)
Oil Spread
9 pts (var)
Stocks Spread
0.1% Var
Forex Trading
FXTM offers 60+ forex pairs plus 6 indices which track a basket of popular currencies. The brand's ECN accounts offers impressive spreads from 0 with low commissions from $0.40 to $2 per lot and commission-free spreads start from 1.5 pips. Forex trading not offered
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

GBPUSD Spread
0.3 (var)
EURUSD Spread
0.1 (var)
EURGBP Spread
0.2 (var)
Assets
50+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
Crypto trading not offered 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.
Spread
Variable Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • 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
No Yes
Crypto Mining
No Yes
Crypto Staking
No Yes
Auto Market Maker
No No
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