Pepperstone
Tier‑1 regulated • MT4/MT5, cTrader, TradingView
CompareIs Bybit safe?
Heightened risk / Not recommended for retail
• Suspended services in the UK (Oct 2023) and France (Aug 2024)
• Japan FSA warnings (2021 & 2023) for operating without registration
• OSC settlement in Ontario (2022) with disgorgement & undertakings
BY
bybit
Quick facts
Websitebybit.com
Product typeCrypto exchange & derivatives
UKServices suspended (Oct 2023)
FranceServices halted (Aug 2024)
JapanFSA warnings (2021, 2023)
OntarioOSC settlement (2022)
Official notices
- Bybit suspended UK services: see official announcement (Sep 22, 2023). Read notice
- Bybit halted products/services in France (Aug 2, 2024). Read notice
- Japan FSA public warnings (2021 & 2023) on operating without registration. Weekly Review No.443 • Weekly Review No.533
- Ontario Securities Commission settlement & undertakings (Jun 22, 2022). OSC Undertaking (PDF)
- AMF (France) reminded public that Bybit was blacklisted (May 16, 2024) and not authorised in France. AMF notice
How we know this
- We verified Bybit’s own service-suspension announcements for the UK and France.
- We reviewed Japan FSA publications (2021 & 2023) that warn about unregistered activity.
- We confirmed the Ontario settlement (undertakings, disgorgement) with the OSC.
Regulation & Key Jurisdiction Notes
| Entity / Claim | Jurisdiction | Regulator | Status | Verify |
|---|---|---|---|---|
| Bybit — UK access | United Kingdom | FCA | Services suspended for UK users | Bybit notice |
| Bybit — France access | France | AMF | Products/services halted Aug 2024 | Bybit notice · AMF blacklists |
| Bybit — Japan | Japan | FSA | Warnings (2021, 2023) | FSA Weekly 443 · FSA Weekly 533 |
| Bybit Fintech Limited — Ontario | Canada (ON) | OSC | Settlement & undertakings | OSC PDF |
Last verified: • Verifier: FxScouts Research
Why We Don’t Recommend Bybit for Retail
Multiple jurisdictional warnings and service suspensions (UK, France) signal elevated regulatory risk for retail customers. Until there is clear, top‑tier authorisation where you live, we advise using a well‑regulated broker instead.
Find a safe brokerWhat you might like
- Deep liquidity on majors; advanced order types
Major concerns
- Regulatory warnings (Japan) & service suspensions (UK/FR)
- Derivatives risk; retail protections vary by country
How to spot a scam broker
Unrealistic promises
Guaranteed returns
Guaranteed returns
Unlicensed entities
No match in public registers
No match in public registers
Pressure & urgency
Countdowns, “VIP unlocks”
Countdowns, “VIP unlocks”
Crypto‑only funding
Hard to reverse
Hard to reverse
User Reports (Signals)
- Mixed; service disruptions in restricted countries created withdrawal timing issues for some users.
If You’ve Deposited Already: Next Steps
Move to a Regulated Alternative
- Open a demo first; test funding/withdrawal small.
- Use 2FA and risk controls; avoid bonuses that restrict withdrawals.
Reporting
- Report issues to your national regulator and cybercrime unit with evidence (TXIDs/statements).
Regulated Alternatives
Methodology & Sources
We prioritise regulator verification and complaint pattern analysis. We never sell higher rankings.
- Bybit announcements (UK & France suspensions)
- Japan FSA Weekly Reviews 443 (2021) & 533 (2023)
- OSC Undertaking (Jun 22, 2022)
- AMF (France) notice re: blacklisting/not authorised
Last updated: