ByBitProfit Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-12 18:55

Abstract：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.

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.