FTX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FTX trading signals. You will learn what kinds of trading signals FTX offers and what the conditions for using them are.
Short introduction of FTX
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 |
FTX Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
FTX Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that FTX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Are there fees charged for trading signals?
Yes. As a rule, the fee is charged as a markup to the spread, or it could be a subscription fee, or a percentage of the profit, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.