Bybit (Clone) has been flagged by Financial Services and Markets Authority for "Registered/Licensed entity impersonators". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I lost a significant amount because Bybit (Clone) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Two-factor authentication|Personal attention
Cons: No crypto staking
I signed up with Bybit (Clone) through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Segregated accounts|No hidden fees|Professional team|Dedicated account manager
Cons: Research section could be deeper
I referred a friend to Bybit (Clone) after a trusted YouTuber reviewed them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Tax reports included|Smooth onboarding|Economic calendar
Cons: Help articles are sometimes vague|Charting tools need more indicators
I had high hopes for Bybit (Clone) after attending a webinar they hosted, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Comprehensive tools|Dedicated account manager|Smooth onboarding|Two-factor authentication
Cons: No integrated tax optimization|Research section could be deeper
I found Bybit (Clone) from a review site like this one and the initial impression was positive. But for just over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Automated trading options|Intuitive for beginners
Cons: Account statements could be more detailed