FTX Review

Incorporated in Antigua and Barbuda and headquartered in the Bahamas, FTX is a cryptocurrency exchange built by traders for traders. As a result, the Exchange strives to become an intuitive platform for first-time users and powerful enough for seasoned traders. They offer innovative products, including crypto derivatives (Bitcoin, Ethereum, Cardano), options, volatility products, and leveraged tokens. In addition, the Exchange has partnered and collaborated with many leading cryptocurrency firms.

Pros / Cons
  • Proprietary trading platform
  • Various crypto instruments
  • Educational resources
  • Useful trading tools
  • Unregulated
  • Limited non-crypto assets
  • No USA clients

In this detailed FTX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

FTX Overview

Launched in 2018, FTX is an online financial services provider that was developed by a Physics graduate who is also an expert trader of ETFs, futures, currencies, and equities on Jane Street Capital’s international ETF desk. They provide traders with an in-house trading platform and a good selection of educational resources to help traders make informed trading decisions. A knowledgeable client support team is available to assist traders.

FTX Regulation

There is no regulatory information on Exchange’s website at the moment. The lack of regulation could debar prospective clients from opening a live trading account with FTX. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FTX Countries

FTX accepts clients from different parts of the globe, provided that their respective countries of origin permit online trading with international Exchanges. FTX Services and FTX Token (FTT) are not available in the United States or other prohibited jurisdictions.

Some FTX features and products mentioned within this FTX review may not be available to traders from certain countries because of legal restrictions.

FTX Platforms

The Exchange provides traders with a proprietary trading platform, which is available in desktop, web, and mobile versions. The platform was developed by the Exchange’s team of fintech experts to ensure the seamless of multiple financial assets, such as options, futures, and several cryptocurrencies: Bitcoin, Ethereum, and more. The web version runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge. With the web versions, traders do not need to download or install additional software. The mobile app is best suited for traders who wish to place trades and check trading positions while on the move, provided there is an internet connection.

FTX Trading Platform

FTX Trading Platform

FTX Trading Tools

The Exchange provides traders with a good selection of useful trading tools to help traders get the most out of their traders. Some of the available useful trading tools include Trading API, VIP Program, Referral Program, Volume Monitor, Leaderboard, and more.

FTX Education

FTX provides traders with a good selection of educational resources. These learning resources are designed to help traders make informed trading decisions. They include the following trading guides, learning articles, blogs, and announcements that keep traders up-to-date with the events in the financial markets.

FTX Instruments

FTX offers the following financial assets: crypto derivatives (Bitcoin, Ethereum, Cardano, and more), options, volatility products, and leveraged tokens.

FTX Accounts & Fees

FTX operates three main account tiers with differing KYC requirements.  It’s possible to withdraw up to $9,000 a day without submitting any verification documents, while unlimited crypto withdrawals are reserved for Tier 2 account holders, and Tier 3 account holders gain access to unlimited fiat withdrawals via an OTC desk.

As broker fees can vary and change, there may be additional fees that are not listed in this FTX review. It is imperative to ensure that you check and understand all of the latest information before you open an FTX broker account for online trading.

FTX Support

The Exchange provides traders with a knowledgeable client support team who always respond to clients’ general, technical, and account-related inquiries. The support team can be reached via various contact channels, including email, social media, and more.

FTX Deposit & Withdrawal

At FTX, traders can deposit and withdraw funds to and from clients’ accounts using various payment methods, such as credit cards and cryptocurrency.

FTX Account Opening

It is easy to open a live trading account with FTX. Simply click on the “Register” button at the top right corner of the Exchange’s website.

FTX Account Opening Page

FTX Account Opening Page

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

FTX Summary

Overall, FTX is a cryptocurrency Exchange that is focused on providing traders with seamless trading of various financial assets. FTX offers a proprietary trading platform, which allows leverage of up to 1:100, alongside unique products such as MOVE contracts, OIL futures contracts, crypto indices, and prediction market tokens. There are various useful trading tools, educational resources, and a knowledgeable client support team to assist traders. However, the Exchange is not regulated by any known financial authority at the moment.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FTX Logo

Min $1 Deposit

FTX is a centralized Cryptocurrency exchange specializing in derivatives & leveraged products. FTX offers user-friendly platforms for trading the most popular Cryptocurrencies.