Direct Specification Matrix
Bybit vs IC Markets
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
crypto exchange
forex broker
Founded Year
2018
2007
HQ Country
AE
AU
Tradable Markets
crypto
forex, indices, commodities, stocks
Competition Formats
free, deposit required, volume based, demo
live account, volume based, deposit required
Entry Barrier / Cost
$50 deposit required
$200 deposit required
Typical Prize Pools
$50,000 – $10,000,000 USDT
$20,000 – $250,000 USD
Max Leverage
Up to 1:100
Up to 1:500
Regulation Status
VARA (Dubai)
ASIC (Australia), CySEC (Cyprus), SCB (Bahamas)
Payout Track Record
VERIFIED
VERIFIED
Decision Summary: Which Should You Choose?
Choose Bybit if:
- • You prioritize crypto markets.
- • You prefer free, deposit required, volume based, demo formats.
- • You have sufficient trading balance to meet deposit requirements.
Choose IC Markets if:
- • You trade primarily on forex, indices, commodities, stocks.
- • You value live account, volume based, deposit required structures.
- • You want access to high volume reward tiers.