OVERALL SCORE

☆☆☆☆☆ 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