Mitrade vs Bybit

Mitrade vs Bybit Comparison Table 2023
Mitrade	Bybit
Review 3.5	Review 3.1
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available crypto brokers
MiTrade is a Australian CFD and forex broker with top-tier regulation from ASIC. The broker offers zero minimum deposit requirement, 24/5 customer support and a sleek proprietary platform. The brand has been recognized with global awards and has gained a client base of over 2.4 million.	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
$50 welcome bonus	Up To 4030 USDT Welcome Bonus
Comment by Reviewer
"Based on my extensive tests, I think MiTrade is a good choice for novice investors looking for hundreds of instruments, educational content and an award-winning bespoke trading 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
I think the online education courses, real-time market news and expert analysis resources are extensive and will be useful for both beginners and intermediate traders The intuitive trading terminal and mobile app with in-built technical indicators, custom charting and trend analysis are notable advantages for technical traders I appreciate the zero minimum deposit requirement, plus free deposits and withdrawals and no hidden charges - ideal for traders on a budget I'm pleased to see top-tier regulatory oversight from ASIC with negative balance protection and segregated client funds for some clients I found a decent list of international payment methods including POLi, Skrill, Neteller, wire transfer and credit/debit card Responsive customer support is also available 24/5 including live chat and an online contact form	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
There is only one choice of platform which I think will put MiTrade at a disadvantage compared to other brands It's disappointing that there are no advanced tools including copy trading and a VPS I'm a little hesitant that global traders will be registering with the offshore entities	Bybit is not currently regulated in any country Residents of some countries are restricted from opening an account, including clients from the US
Instruments
Stocks, CFD, Forex	Cryptos, Futures
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
Own	MT4 TradingView
Payment Methods
Credit Card Debit Card Mastercard POLi Skrill Visa Wire Transfer	Bitcoin Payments Credit Card Ethereum Payments Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	0.001 Lots
Regulator
ASIC, FSC, CIMA
Margin Trading
No	Yes
STP Account
No	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
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	Yes
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Yes (iOS & Android)
Auto Trading
	Via 3rd party software
Copy Trading
No	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.
Social Trading
No	No
Trade Signals
No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
USD AUD	EUR GBP TRY RUB
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange
CFD Trading
There's a decent range of 500+ CFD products on a proprietary terminal including forex, stocks, shares and commodities with competitive spreads. I appreciated the 24/5 customer support, market insights and sentiment data to help me make informed CFD trading decisions.	CFD trading not offered
Leverage
1:30 (Retail), 1:250 (Pro)
FTSE Spread
3
GBPUSD Spread
1.5
Oil Spread
0.05
Stocks Spread
Variable
Forex Trading
During my tests, I was pleased to uncover 60+ major, minor and exotic currency pairs, such as EUR/USD, AUD/USD and GBP/JPY with a minimum trade size of 0.01 lots and no commission fees. I also noted no hidden fees and free access to market insights.ith leverage through Mitrade's proprietary web-based trading platform.	Forex trading not offered
GBPUSD Spread
1.5
EURUSD Spread
1
EURGBP Spread
1.2
Assets
60
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
	Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%
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
No	Yes
Crypto Mining
No	Yes
Crypto Staking
No	Yes
Auto Market Maker
No	No

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