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Bybit Exposed: Traders Hit Hard by Withdrawal Denials, Account Bans & More
Abstract：Is your forex trading experience with Bybit far from ideal? Do you continue to face withdrawal denials? Does Bybit ban your account without any reason? Have you failed to receive the reward on winning the trading challenges? We must say, you have made the wrong move by partnering with Bybit, which has been scamming traders. In this article, we will share multiple complaints that traders have made against the scam forex broker. Keep reading!
Is your forex trading experience with Bybit far from ideal? Do you continue to face withdrawal denials? Does Bybit ban your account without any reason? Have you failed to receive the reward on winning the trading challenges? We must say, you have made the wrong move by partnering with Bybit, which has been scamming traders. In this article, we will share multiple complaints that traders have made against the scam forex broker. Keep reading!
Top Complaints Against Bybit
No Withdrawal Even After 90 Days
Seeking to withdraw from your Bybit account? You may struggle endlessly to withdraw funds. However, you may not succeed either. Such has been the case with a trader whose withdrawal has been pending even after 90 days. The trader admitted that the company froze his account for 90 days and told him that withdrawal is possible after this period. However, 90 days have passed with no change in the withdrawal scenario. Check this screenshot that elaborates on the problem.
Account Bans Without Any Specific Reason
Traders frequently report sudden account bans without any specific reason. In one such instance, the trader deposited some bitcoins, which led to the withdrawal. However, despite submitting the required documents supporting the source authenticity, the account continues to remain banned, preventing traders from accessing funds. Here is the screenshot where the trader has expressed this concern.
Trading Rewards on Paper, Not in Real Time
To encourage deposits, Bybit invites traders to accomplish a series of trading tasks to win campaigns. However, despite winning the campaign, traders are unable to access rewards. Here is one trader who successfully completed three trading tasks but was unable to access the rewards he rightfully earned.
Why Do Problems Emerge So Much at Bybit?
The root cause of all these problems is that Bybit is an unregulated forex broker. The Mauritius-based forex broker, which, despite being in the business for over five years, has failed to gain a regulatory license. Being an unregulated entity has relieved it from disclosing details to the regulator and complying with investor-friendly norms. As a result, the WikiFX team has given Bybit a poor score of 2.38 out of 10.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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mBank Exposed: Top Reasons Why Customers are Giving Thumbs Down to This Bank
Do you find mBank services too slow or unresponsive? Do you find your account getting blocked? Failing to access your account online due to several systemic glitches? Can’t perform the transactions on the mBank app? Do you also witness inappropriate stop-level trade execution by the financial services provider? You are not alone! Frustrated by these unfortunate circumstances, many of its clients have shared negative mBank reviews online. In this article, we have shared some of the reviews. Read on!
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In-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know
For experienced traders, the cost of execution is a critical factor in broker selection. Low spreads, fair commissions, and transparent pricing can be the difference between a profitable and a losing strategy over the long term. This has led many to scrutinize the offerings of brokers like Uniglobe Markets, which presents a tiered account structure promising competitive conditions. However, a professional evaluation demands more than a surface-level look at marketing claims. It requires a deep, data-driven analysis of the real trading costs, set against the backdrop of the broker's operational integrity and safety. This comprehensive Uniglobe Markets commission fees and spreads analysis will deconstruct the broker's pricing model, examining its account types, typical spreads, commission policies, and potential ancillary costs. Using data primarily sourced from the global broker inquiry platform WikiFX, we will provide a clear-eyed view of the Uniglobe Markets spreads commissions prici
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In-Depth Review of Stonefort Securities Regulation and Oversight – A Trader's Guide to the Risks
For experienced traders, the process of selecting a new broker transcends a simple comparison of spreads and leverage. It is a meticulous due diligence exercise where the integrity of the broker's regulatory framework is paramount. Stonefort Securities, a relatively new entrant in the crowded brokerage space, presents a complex and often contradictory profile. On one hand, it boasts a modern MT5 platform and a stream of positive user testimonials. On the other hand, it is shadowed by severe regulatory warnings that question the very foundation of its operations. This in-depth review focuses on the core issue for any long-term trader: Stonefort Securities regulation and oversight. We will dissect the broker's corporate structure, scrutinize its licensing claims, and analyze what the data implies for trader protection and fund security. For traders evaluating whether Stonefort Securities is a trustworthy partner, understanding these details is not just important—it is essential.
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FXPesa Review: Are Traders Facing High Slippage, Fund Losses & Withdrawal Denials?
Do FXPesa support officials fail to pick up your calls when you raise fund withdrawal requests with the broker? But are these officials always open to you regarding fund deposits? Do you frequently spot slippage and stop-loss order execution errors on the FXPesa login? These issues are increasingly becoming common with this forex broker. Consequently, many traders have expressed their dissatisfaction with the broker online. In this FXPesa Review article, we have shared some of these complaints. Take a look!
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