OVERALL SCORE
3
3/5

Main Features

  • Backed by Alameda Research
  • Trade tokens and index funds
  • Hosts trading competitions
  • Offers 1:101 leverage

FTX was founded in 2018, and is backed by liquidity provider Alameda Research, which manages $100+ million in assets and has daily trading volumes of up to $1.5 billion. The company hosts trading competitions, offers deposit bonuses, and can even offer 1:101 leverage, and offers trading on index funds like the Altcoin Index and Midcap Index.

Pros and Cons

PROs

  • Offer up to 1:101 leverage
  • Nearly 100 perpetual futures
  • 45 leveraged tokens available
  • They hold trading competitions
  • Partners include Binance and Bitfinex
  • Institutional grade liquidity from Alameda Research¬†
  • Accepts deposits in supported tokens
  • No deposit or withdrawal fees
  • Standard maker/taker fees
  • Offers Index Funds

CONs

  • No demo or test environment
  • Fairly young company with no history
  • Withdrawals limited until KYC is approved
  • No alternative solutions for restricted regions (e.g. USA)

Opening your account

Step 1

To sign up, click Register in the top right corner, and enter an email and password, and agree to the Terms of Service

Step 2

You can opt to take a platform tour, or skip, see your Fee Status (which you can deposit to lower) and then you will be prompted to opt in to 2FA 

Step 3

Head to the Wallet and press Deposit to fund either with crypto or, upon verifying your account to KYC Level 3, use any one of the ten supported fiat currencies

  • USD
  • EUR
  • GBP
  • AUD
  • HKD
  • SGD
  • ZAR
  • CAD
  • CHF
  • BRL

Cryptocurrencies

  • Leveraged tokens
  • Perpetual futures
  • Index funds

Fees

  • Leveraged tokens have creation and redemption fee of 0.10% and a daily management fee of 0.03%
  • Trading fees increase with use of leverage

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