20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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FTX Exchange Review 2024
Minimum
deposit:
deposit:
- $50
Trading platform:
- Proprietary platform
Minimum
deposit:
deposit:
- $50
Trading platform:
- Proprietary platform
Trading features:
- Many assets and instruments, advanced order functionality, a wide range of indicators are available for the trading terminal chart, Quant Zone strategy development service
Summary of FTX Crypto Exchange
FTX is a high-risk cryptocurrency exchange with the TU Overall Score of 1.5 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FTX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. FTX ranks 198 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The FTX cryptocurrency exchange offers competitive trading conditions with commissions below the market average. All major cryptocurrencies are represented. There’s a wide range of tokenized assets. There is a free exchange for fiat and withdrawal of fiat funds to external e-wallets. The stable trading terminal is complemented by a high-speed operation and prompt execution of transactions.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The FTX exchange is a cryptocurrency trading platform. Spot trading, futures, and stock trading are available. The maximum leverage is 1:100. Bitcoin, Etherium, Litecoin, Tether, and other assets are traded on the exchange. In total, more than 100 cryptocurrencies and tokens are represented, some are paired with fiat funds. Money on the account can be stored in fiat currencies like USD, UAD, CAD, SGD, etc. Keeping funds is cold (staking). The trading commission is from 0.020%. There are stop loss and take profit functions, scalping. All major methods of depositing and withdrawing funds are presented, including bank cards. This cryptocurrency exchange has a convenient proprietary trading terminal with a mobile version.
| 💰 Account currency: | Cryptocurrencies, some fiat currencies |
|---|---|
| 🚀 Minimum deposit: | USD 50 |
| ⚖️ Leverage: | Up to 1:100 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, futures, stocks |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with FTX:
- easy and quick registration with AML verification;
- more than 70 assets are available for trading;
- low fees, especially when using the site's own cryptocurrency (FTT);
- profitable referral program with a good rate;
- extended functionality of available orders;
- convenient proprietary trading terminal with a mobile version;
- service for developing Quant Zone trading strategies.
👎 Disadvantages of FTX:
- without verification, there are serious restrictions on the limits;
- there is little legal information about the company on the official website.
Evaluation of the most influential parameters of FTX
Geographic Distribution of FTX Traders
Popularity in
21.6%
JP
10.7%
US
8.4%
TW
6.7%
IN
4%
AU
3.7%
CA
3.5%
TR
3.4%
KR
2.1%
HK
25.9%
Others
User Satisfaction i
18 comments
Total score:
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Expert Review of FTX
The FTX crypto exchange receives mostly positive user reviews. Experts point out several technical and functional advantages. The site features a wide range of trading instruments, including tokens, futures, stocks, fiat, and others. This exchange embraces many tokenized assets, such as the FTX token, BULL, SUSHIBULL, BEAR, ETHBEAR, etc.
All the main options for depositing/withdrawing funds are present, including bank cards, electronic and cryptocurrency e-wallets. Commissions are significantly lower than the market average. For a zero trading level, the maker/taker is 0.020 / 0.070%. Due to staking (up to 4% per annum), you can reduce commissions to 0%.
The affiliate program is standard, and bonuses that do not relate to the site's own coin are at the level of its competitors. The FTX crypto exchange does not offer investment programs. There is a possibility of margin lending and margin borrowing.
On the technical side, the platform demonstrates high stability. The web version of the trading terminal and its mobile version meet modern standards and provide a wide range of individual settings. Of the functional features, the Quant Zone service can be distinguished. It allows you to develop your own trading strategies, integrate them into various systems, and share them with other users.
Latest FTX News
07.03.2024
BlockFi has reached a settlement with FTX and Alameda Research that will allow the company to return $874.5 million to clients affected by the
23.02.2024
A US court has authorized bankrupt exchange FTX, founded in 2019 by Sam Bankman-Fried, to sell more than $1 billion worth of shares it owns in
02.02.2024
The US Attorney's Office has filed charges against three people in the $400 million hack of cryptocurrency exchange FTX, which took place in 2022
09.01.2024
Amid another cryptocurrency surge (BTC reached $47,000 and ETH rose to $2,300), cryptocurrency exchanges FTX and Celsius conducted transactions worth
12.12.2023
FTX is preparing to challenge the IRS's $24 billion tax demand in court today, a move that could jeopardize the cryptocurrency exchange's recovery and
30.11.2023
According to Delaware bankruptcy court statements and CoinDesk reports on Nov 25, FTX has officially been given the go signal to sell its trust assets,
12.11.2023
FTX is suing Bybit to recover approximately $953 million in cash and digital assets.In its lawsuit against Bybit Fintech Ltd. and two subsidiaries,
06.11.2023
The FTX debtors have asked the court to approve the sale of $744 million in Grayscale and Bitwise assets, which will be used to pay down debt. FTX's
31.10.2023
FTX and Alameda Research recently transferred $27.2 million in assets to Coinbase, including $17.93 million in RNDR, $4.7 million in SOL, $2 million in
Dynamics of FTX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
Users of the FTX exchange can only earn by trading cryptocurrency, tokens, and fiat. There are no full-fledged investment programs on the site. The only option for passive earnings besides the referral affiliate program is staking. To do this, it is necessary to keep the variable volume of the crypto exchange's own coin —FTT—on the account in your personal cabinet. Holding FTT yields a steady 4% annual growth in funding. The coin can be deposited and withdrawn at any time.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Affiliate programs from FTX
The FTX crypto exchange has a standard affiliate (referral) program. Its peculiarity is that the amount of payments for referrals is tied to the volume of FTT (platform cryptocurrency) being held in traders’ wallets.
After registration, you will receive a referral link. If another user registers on the exchange through it, then from each of his commissions on transactions you will receive 25-40%. The advantage of the attracted user is that by registering using your link, he receives a 5% discount on all commission fees.
For you, referral payments depend only on the number of FTTs that they use in staking. There are seven levels in total. At the minimum level, a referral may not invest in FTT at all, and at the same time, you are guaranteed to receive 25% of the commissions on his transactions. At the seventh level, the referral must have at least FTT 1,000,000 in staking, then you will receive 40% of his commissions.
Referral payments are daily displayed in the Referrals section of your personal cabinet. If the total trading volume of your referrals exceeds $25 million, the site will offer you individual terms of cooperation.
Trading Conditions for FTX Users
Please note that there is no minimum deposit for unverified users, but they cannot use the entire functionality of the site. For comfortable trading, you need to go through advanced AML verification. After that, the minimum deposit will be $50 for Visa/MC cards. When you deposit funds from cryptocurrency e-wallets, there are no restrictions on the amount.
$50
Minimum
deposit
1:100
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, some fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards, cryptocurrency wallets, e-wallets |
| 🚀 Minimum deposit: | USD 50 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, futures, stocks |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Many assets and instruments, advanced order functionality, a wide range of indicators are available for the trading terminal chart, Quant Zone strategy development service |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| FTX | Bybit | MEXC | Binance | Paxful | |
| Forex | No | No | No | Yes | No |
| Metalls | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No |
| Indexes | No | No | No | No | No |
| Stock | No | No | No | No | No |
| ETF | No | No | No | No | No |
| Options | No | No | No | No | No |
FTX Commissions & Fees
Information
Like most other crypto exchanges, FTX has a fee system, according to which the amount of fees depends on the trading level. The trading level is determined by the volume of trades over the last 30 days. There are six levels. At the first level with a trading volume of USD 0+, the maker/taker commission is 0.020/0.070%. At the sixth level, with a trading volume of more than $50,000,000, the maker/taker commission is 0.00/0.040%. Staking using the crypto exchange's coin allows you to further reduce the commission on the futures and spot markets where up to 60% discount is applied to FTT holders.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From 0.020% per market order | No |
Leveraged tokens are charged a 0.10% creation and exchange fee, as well as a daily management fee of 0.03%. For all markets except BTC-PERP and ETH-PERP, the use of 50x leverage increases commissions by 0.02% and 100x - by 0.03%. These are paid into the insurance fund. Trading BTC-PERP and ETH-PERP with increased leverage do not involve additional fees. The site does not charge a commission for depositing funds. Overall, FTX fees are lower than most of its competitors. For comparison, here are the conditions of some other crypto-exchanges:
| Broker | Average commission | Level |
| FTX | $1 | Low |
| Binance | $6 | Medium |
| Bybit | $20 | High |
Contacts
| Foundation date | 2018 |
| Registration address | Lower Factory Road; Box 990, St. John’s, Antigua |
| Official site | ftx.com |
| Contacts |
Email:
contact@ftx.com,
|
Disclaimer:
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the FTX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FTX you need to go to the broker's profile.
How to leave a review about FTX on the Traders Union website?
To leave a review about FTX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about FTX on a non-Traders Union client?
Anyone can leave feedback about FTX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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