BYBIT Review: What Traders Should Know Before Depositing

BYBIT is a widely recognised name in the cryptocurrency space, but its forex and gold trading operations through MT5 tell a far more troubling story. With a WikiFX score of just 2.15 and no regulatory licences on record, the platform has drawn a steady stream of complaints from traders across multiple countries , nearly all centred on one theme: withheld withdrawals and confiscated profits.

This article examines the complaint patterns that have emerged over the past year, the growing global regulatory pressure on BYBIT, and what the data suggests for anyone considering depositing funds.

Complaint Patterns: Withdrawals Denied, Profits Confiscated

A review of complaints filed on WikiFX reveals a consistent pattern: traders who deposit funds and generate profits on BYBIT's MT5 platform find themselves unable to withdraw.

In one representative case from March 2026, a Hong Kong-based trader deposited $45,000 into a BYBIT MT5 account to short gold. The trader made approximately $7,400 in profit, but when they attempted to withdraw, the request was rejected. According to the complaint, BYBIT subsequently deducted the profit entirely and continued to block withdrawals.

Screenshot submitted by the user with the complaint (2026-03)

This case is not an outlier. Other complaints describe accounts being charged tens of thousands of dollars for alleged “violations” , with no clear explanation of what rules were supposedly broken , while traders are reportedly told to deposit more money before any resolution can be considered. Several users say winning trades were deleted outright and profits confiscated under vague claims, with accounts frozen after profitable runs and nothing beyond form-letter responses from support.

The problems span geographies and account sizes. Complaints have come from Hong Kong, Venezuela, Jordan, Colombia, Argentina, Indonesia, and Kazakhstan. One user from Kazakhstan reported transferring 1,620 USDT to a BYBIT Web3 wallet; the blockchain confirmed the transaction, but the funds never appeared on the platform. According to the complaint, customer support initially claimed the funds were fake, then reversed that statement and blamed an identification issue, before eventually stopping all communication.

A complaint from October 2025 adds another dimension: a trader who joined a BYBIT promotional campaign promising commission rebates on gold and forex trades reports trading 500 lots without receiving a single rebate, while losing $10,000 in the process. The user described the promotion as an alleged inducement to deposit and trade.

The common thread across these complaints is unmistakable: deposits are accepted without friction, but the moment a trader tries to withdraw , especially after a profitable run , obstacles appear.

Regulatory Warning: No Licences, Growing Global Scrutiny

WikiFX data shows no active regulatory licences for BYBIT's forex operations under Infra Capital Limited. The platform does not appear to hold any recognised forex brokerage licence, meaning traders who deposit funds do so without the protections that regulated brokers are required to provide , such as segregated client accounts, minimum capital requirements, or access to compensation schemes.

This regulatory gap is not a technicality. In June 2026, the Monetary Authority of Singapore (MAS) placed Bybit Fintech Limited and “Bybit” on its Investor Alert List, explicitly warning consumers that the platform “is not licensed or regulated” in Singapore. MAS stated that users dealing with unlicensed firms may not benefit from regulatory safeguards available to customers of authorised financial institutions.

Japan's Financial Services Agency took action in 2025, requesting that Apple and Google suspend the app-store availability of several crypto exchanges, including Bybit. In response, Bybit voluntarily suspended new user registrations in Japan starting in 2026. Bybit's own service agreement, last updated in May 2026, lists 14 jurisdictions as fully restricted , including Hong Kong, Singapore, and the United States.

Taken together, these regulatory actions paint a picture of a platform that has struggled to meet licensing requirements across multiple major markets. For forex and gold traders using the MT5 side of the platform, the absence of any recognised licence is the single most important fact to weigh before depositing.

Basic Information

BYBIT operates through Infra Capital Limited and runs its forex and gold trading services on the MT5 platform, alongside its better-known cryptocurrency exchange and a proprietary trading application. The platform's primary website is bybit.com. No establishment date could be independently confirmed from available records for the entity behind the forex operations.

The platform supports MT5 for forex and gold trading, but key details that a regulated broker would typically disclose , minimum deposit requirements, maximum leverage, and account types , are not clearly surfaced in available data.

Score and Market Presence

BYBIT's WikiFX score of 2.15 reflects a combination of factors: the absence of regulatory licences, the volume and consistency of withdrawal-related complaints, and the growing body of regulatory warnings across multiple jurisdictions. While the Bybit brand carries significant recognition in the cryptocurrency world, the forex and gold trading operations reviewed here appear to operate with far less oversight and far more user grievances.

Final Thoughts

What emerges from the data is not a single isolated incident but a pattern that spans countries, complaint timelines, and account sizes. Traders deposit funds, some generate profits, and then , when it is time to withdraw , they encounter blocked accounts, confiscated earnings, and support responses that shift or vanish. The absence of any recognised regulatory licence removes the safety nets that traders in regulated markets rely on. Combined with formal warnings from authorities in Singapore and Japan, the risk profile here is hard to overlook.

If you are considering trading with BYBIT's forex or gold platform, start by verifying the current regulatory status through the WikiFX App , not just the brand's crypto licences, but specifically which entity and licence covers your country. Deposit only what you can afford to lose, and test a small withdrawal early before committing larger amounts. Real-time complaint feeds and updated scores on WikiFX can help you spot emerging risks before they become personal losses.