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Danger
ES CNMV
2024-04-29
No Regulation
Score
1.21 /10
Danger
ByBitProfit
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.69
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Regulatory disclosure
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| ByBitProfitReview Summary | |
| Founded | 2023-12-11 |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | Forex/Indices/Cryptocurrencies/Commodities/Stocks |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | ByBitProfit (Web/Mobile) |
| Min Deposit | / |
| Customer Support | Email: support@bybitprofit.io |
ByBitProfit Information
ByBitProfit is a broker. The tradable instruments with a maximum leverage of 1:500 include forex, indices, cryptocurrencies, commodities, and stocks. The broker also provides four real accounts, including standard, silver, gold, and VIP. The minimum spread is from 0 pips. ByBitProfit is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| Various tradable instruments | MT4/MT5 unavailable |
| Spread as low as 0 pips | No 24/7 customer support |
| Demo account available |
Is ByBitProfit Legit?
ByBitProfit is not regulated, making it less safe than regulated brokers.
What Can I Trade on ByBitProfit?
ByBitProfit offers over 500 market instruments, including forex, indices, cryptocurrencies, commodities, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
ByBitProfit has four account types with bonuses up to 100%: standard, silver, gold, and VIP. Traders who want low spreads can choose a VIP account, and those who want low leverage can choose a standard account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Standard | Silver | Gold | VIP |
| Demo Account | Free | Free | Free | Free |
| Min spread | From 1.5 pips | From 1.5 pips | From 0.8 pips | From 0 pips |
| Max leverage | Up to 1:200 | Up to 1:300 | Up to 1:400 | Up to 1:500 |
| Bonus | Up to 30% | Up to 50% | Up to 70% | Up to 100% |
ByBitProfit Fees
The spread is from 0 pips. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
ByBitProfit provides a proprietytrading platform available on the web and mobile to trade, instead of MT4 and MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Available Devices |
| ByBitProfit | ✔ | Web/Mobile |
Deposit and Withdrawal
ByBitProfit accepts Visa, Bitcoin, MasterCard, and Wire Transfer for deposit and withdrawal. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.
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