Bybit was founded in 2018 and has grown into one of the world's largest crypto and derivatives trading platforms. For Israeli traders, Bybit offers access to forex pairs, gold, oil, indices, and a wide range of crypto instruments from a single USD-denominated account. The platform is headquartered in the UAE, which puts it in a convenient time zone for Israeli users and enables fast customer support during local trading hours.
Bybit supports deposits via Bank Transfer, Skrill, and USDT, which fits well with Israel's crypto-savvy population. There is no minimum deposit, making it easy for Israeli beginners to start, and retail forex leverage is capped at a sensible 100:1. However, Bybit is regulated by the Seychelles FSA rather than the Israel Securities Authority, so the level of protection is lower than with locally licensed ISA brokers. In this review, we examine spreads, account types, funding options, and the main pros and cons for Israeli retail forex traders.
| Detail | Information |
|---|---|
| Founded | 2018 |
| Headquarters | UAE |
| Regulated by | FSA Seychelles |
| Min Deposit | $0 |
| Max Leverage | 100 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | No |
| Islamic (Swap-free) | No |
| Scalping Allowed | No |
| Hedging Allowed | No |
| Expert Advisors (EA) | No |
| Copy Trading | No |
Bybit does not offer an Islamic or swap-free account at this time. This means Muslim traders in Israel who require Sharia-compliant accounts will incur overnight swap and rollover fees on leveraged forex and CFD positions.
Bybit primarily focuses on crypto derivatives, and perpetual contracts also carry funding rates, which further complicates Sharia compliance. There are no hidden 'Islamic account' fees because the product simply does not exist on Bybit.
If swap-free trading is mandatory for you, consider brokers that explicitly offer genuine Islamic accounts and clearly state that no swap charges are applied. Bybit is only suitable for traders who are comfortable paying standard funding rates on overnight positions.
| Feature | Details |
|---|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Bybit (current) | $0 | Check broker | No | No | 3.8 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
Bybit is a solid choice for Israeli traders who want a modern, low-cost platform that combines crypto and forex. It is particularly strong for traders who already use USDT, want flexible funding, and are comfortable with offshore FSA regulation.
The 3.8/5 rating reflects excellent trading conditions but also the lack of ISA licensing, no MT4/MT5, and no Islamic account. If you are a day trader or scalper looking for tight fees and fast execution, Bybit is worth considering.
However, if you prefer the safety of a locally licensed broker, stronger legal protections, and dedicated Hebrew support, an ISA-regulated broker may be a better fit. The right choice depends on your risk tolerance, trading style, and how important local regulation is to you. Always start with the demo account and never risk more than you can afford to lose.