BYBIT Review 2026: Is this Forex Broker Legit or a Scam?

Executive Summary: BYBIT is a highly influential broker established in 2019, but it currently holds a concerningly low WikiFX Score of 2.43 due to a lack of valid regulatory supervision. Despite its “AAA” popularity, multiple recent complaints regarding blocked withdrawals and missing deposits suggest it is a high-risk platform.

Finding a trustworthy financial partner can be stressful. You want to grow your wealth, not worry about whether your funds will disappear overnight. Before you find a Forex broker to trust with your hard-earned money, you need to look past the flashy advertisements and check the cold, hard data. In this BYBIT review, we are analyzing the broker's safety profile, current feedback from 2025, and overall legitimacy to help you decide if they deserve your business.

Question 1: Regulation & Safety: Is my money safe?

When we analyze the regulation status of BYBIT, the results are concerning. According to the database, BYBIT currently holds no valid regulation from any recognized financial institution.

While the broker was established in 2019 and is headquartered in Mauritius, operating without a license puts you, the trader, in a vulnerable position.

Why does this matter?

Think of a regulatory license like a driver's license for a bank. If a broker is regulated by a top-tier authority (like the FCA in the UK or ASIC in Australia), they are legally required to keep your money separate from their own company funds. This is known as “Segregated Accounts.” However, because BYBIT is unregulated, there is no legal guarantee that they are doing this. You face what is called “Counterparty Risk.” This means if the broker goes bankrupt or decides to close its doors, there is no government safety net to help you recover your funds. You are essentially trusting a stranger's promise rather than a law.

Question 2: What are real traders complaining about?

A broker might have a nice website, but the stories from real users tell the truth. In the last three months alone, we have received 8 complaints directed at this broker. Here is a breakdown of the specific issues traders are facing in late 2025:

1. The “Disappearing Deposit” Trick

A trader from Kazakhstan recently reported a nightmare scenario where 1,620 USDT was transferred but never arrived in their account. Even though the blockchain confirmed the transfer, customer support gave conflicting excuses—first claiming the money was “fake,” and then claiming the user's ID was expired (even though it wasn't). Eventually, support just stopped replying.

2. Broken Promises on Rebates

A user from China participated in a “Gold/Forex trading” promotion which promised commission rebates. after trading 500 lots and losing $10,000, the user reported that BYBIT paid zero commissions, essentially luring them in to generate volume without holding up their end of the deal.

3. Withdrawal Blocks

Traders from Argentina, Indonesia, and Colombia have all reported similar issues: money goes in, but it doesn't come out. One user from Indonesia noted that their deposit simply never reflected in the account from morning until night, while others were bluntly prohibited from making withdrawals.

Pro Tip: If you see complaints about “Support stopped responding,” take it as a major red flag. Legitimate brokers have dispute resolution teams; scammers usually just ghost you.

Question 3: What software will I use?

If you decide to trade here, you will be using either the MT5 (MetaTrader 5) platform or their Self-developed (Proprietary) software.

While MT5 is a standard and respected platform in the industry known for its charting capabilities, our data highlights a specific limitation for BYBIT: the system appears to support mobile devices heavily, but there is a reported lack of support for Windows, MacOS, or Web-based trading in some configurations. For a serious trader, not having a desktop interface can be a major handicap for technical analysis.

A Critical Note on Security:

When using mobile trading apps, you must be hyper-aware of security. Always ensure you have downloaded the official app before entering your login details. Phishing scammers often create fake versions of popular broker apps to steal your login credentials. Additionally, the software assessment noted that the platform lacks “two-step login” and biometric authentication for safer access, which is a standard security feature we expect to see in 2026.

Final Verdict: Should I open an account?

We cannot recommend opening an account with BYBIT at this time.

The combination of having no regulation, a low safety score of 2.43, and a stream of serious complaints regarding missing funds and rebate fraud makes this broker too risky for the average trader. While they have a “AAA” influence rank and are very popular, popularity does not equal safety.

Your capital is better spent with a broker that is fully licensed and has a clean track record of allowing withdrawals.

Status changes daily. Before depositing, check the WikiFX App for the latest real-time certificate and updates.