Side-by-side
Bybit vs Deriv
Bybit vs Deriv — Direct comparison across cost, regulation, leverage, platforms and operating history.
Tracked byBrokerlist Editorial · Independent review teamUpdated
In short. Choose Bybit if you already trade crypto at Bybit and want FX CFDs in the same unified-margin account. Choose Deriv if you trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category.
Bybit vs Deriv comparison: fees, licences, platforms
Verdict at a glance
Deriv leads
- Bybit
- ahead on 1 dimension
- Deriv
- ahead on 3 dimensions
- Tied
- 1 tied
Cost per lot
Bybit: $4.00/lot, Deriv: $7.00/lot. Lower at Bybit.
Minimum deposit
Bybit: —, Deriv: $5. Smaller minimum at Deriv.
Maximum leverage
Bybit: 1:500, Deriv: 1:1000. Higher leverage at Deriv.
Regulator and licence
Bybit: VARA, Deriv: BVI, MFSA. Stronger licensing at Deriv.
Trading platforms
Bybit: MetaTrader 5, Bybit, Deriv: MetaTrader 5, Deriv X. Same platform selection.
Pros and cons
Bybit
Pros
- ✓MT5 CFD offering with ~0.1 typical spread + ≈$3 RT equivalent — cost-competitive with ECN tiers despite crypto-first business
- ✓No fixed minimum deposit — practical entry at $10-20 USDT
- ✓Unified margin account across FX CFDs, crypto perpetuals, and spot — unique model in our list
Cons
- ✕FX CFDs are secondary product — Bybit core business is crypto derivatives, FX depth and liquidity differ from dedicated forex brokers
- ✕No FCA/ASIC/CySEC licence for FX products; regulatory cover is crypto-focused (VARA in Dubai, MiCA in the Netherlands)
- ✕Commission is % of notional on futures (0.02% maker / 0.055% taker) — we convert to ≈$3/lot RT for comparison, actual cost varies with trade size
- ✕Regional restrictions on sub-national level also apply: Crimea, Donetsk, Luhansk, Sevastopol, and Dubai are excluded regardless of country-level availability
Deriv
Pros
- ✓$5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020)
- ✓MFSA-licensed Malta entity gives EU retail clients tier-1 MiFID investor protection
Cons
- ✕Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill
- ✕Offshore entities (Labuan, Vanuatu, BVI) carry light regulatory oversight; not available in 17 jurisdictions including Canada, Israel, Singapore, UAE, OFAC-sanctioned countries
- ✕Broker publishes "from" spreads only — realised typical is not disclosed on trading pages
- ✕Inactivity fee up to $25 / €25 / £25 after 12 months, then every 6 months
Who should choose which
Choose Bybit if:
- ✓You already trade crypto at Bybit and want FX CFDs in the same unified-margin account
- ✓You fund via crypto (BTC, ETH, USDT) and want zero broker-side deposit fees
- ✓You want P2P crypto-to-fiat settlement for your country's local currency
- ✓You want a single account that covers spot crypto, crypto perpetuals, and FX CFDs — unique structure in our list
Choose Deriv if:
- ✓You trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
- ✓You have $5 to start and want an EU-grade (MFSA Malta) MiFID entity at entry level
- ✓You want Deriv P2P for local-currency funding via agents and other traders
- ✓You value 25+ years of operating history (originated 1999 as Binary.com, rebranded 2020)
- ✓You fund via crypto (BTC, ETH, USDT) and want it credited to a fiat trading balance
We may earn a commission if you open an account — it never affects our ranking or scores. How we’re paid.
Frequently asked
Which is better — Bybit or Deriv?+
Across our 5 dimensions: Bybit leads in 1, Deriv in 3, ties: 1. Overall verdict: Deriv. Full breakdown below.
Which broker has lower fees?+
Cost-per-lot in our calculation: Bybit — $4.00, Deriv — $7.00. Lower at Bybit.
Which is better for beginners?+
Minimum deposit: Bybit — $0, Deriv — $5. Easier onboarding at Deriv.
What trading platforms do they offer?+
Bybit: MetaTrader 5, Bybit. Deriv: MetaTrader 5, Deriv X.
Who regulates each broker?+
Bybit: VARA. Deriv: BVI, MFSA.