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Bybit vs BitMex

Bybit or BitMEX – which is better for UK traders 2025? Compare Bybit and BitMEX in this detailed breakdown of their platforms, features and fees.

Bybit vs BitMEX Comparison Table 2025
Bybit	BitMEX

Not Rated	3.2
Bybit is ranked # among .	BitMEX is ranked #5 among crypto brokers.
	Review
Bybit has closed or no longer accepts UK clients.	BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Pros
	The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges Comprehensive customizability is available within the platform, with movable widgets and order book filters Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature The exclusive crypto platform makes it more streamlined than other multi-asset terminals Traders can earn interest if they HODL Tether and Bitcoin The broker offers 2 API systems for seasoned traders
Cons
	BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies The broker was involved in a legal dispute with US regulators which resulted in fines Withdrawals are only carried out at a specified time of day Only Bitcoin is accepted for free withdrawals
FCA Regulated
	No List of FCA Regulated Brokers
Instruments
	Crypto
Demo Account
	Yes
Minimum Deposit
	$0.01
Minimum Trade
	Variable
Regulator
	Republic of Seychelles
Mobile Apps
	iOS & Android
iOS App Rating
	3.2
Android App Rating
	3.2
Margin Trading
	Yes
MetaTrader 4
	No
MetaTrader 5
	No
cTrader
	No
AlgoTrader
	Yes
OmniTrader
	No
TradingView
	Yes
Autochartist
	No
eSignal
	No
Trading Central
	No
STP Account
	No
ECN Account
	No
DMA Account
	No
MAM Account
	No
PAMM Account
	No
LAMM Account
	No
Demat Account
	No
AI / Machine Learning
	No
Robo Advisor
	No
Negative Balance Protection
	No
Market Maker
	Yes
P2P Trading
	Yes
Spot Trading
	Yes
Auto Trading
	BitMEX Market Maker, BotVS, and via API
Copy Trading
	No
Social Trading
	Yes
VPS Hosting
	No
Tournaments
	No
Demo Competitions
	No
Ethical Investing
	No
Custodial Account
	No
Guaranteed Stop Loss
	No
Islamic Account
	No
Cryptocurrency
	BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators.
Spread
	-0.01% maker, 0.075% taker
Coins
	BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS
Crypto Lending
	No
Crypto Mining
	No
Crypto Staking
	Yes
Auto Market Maker
	Yes

Bybit	BitMEX
	Review
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