FTX Review Summary
FTX is a leading cryptocurrency exchange specializing in derivatives, leveraged tokens, and volatile assets. Catering to both retail and institutional traders, FTX boasts high liquidity and ranks among the top ten global derivative exchanges. Partnered with industry giants like Binance and Paxos, FTX also engages in philanthropic initiatives.
This guide explores FTX’s fee structure, supported cryptocurrencies, verification process, trading experience, customer support, and account setup.
Key Features
Pros & Cons
✅ Advantages
- Diverse product portfolio (futures, options, leveraged tokens)
- Low trading fees (0% for makers, 0.07% for takers)
- Fiat currency support (9+ fiat options)
- High liquidity
- Leveraged tokens (up to 3x)
❌ Disadvantages
- Complex interface (challenging for beginners)
- Excludes US clients (via FTX US)
- High-risk exposure (leverage up to 101x)
Supported Countries & Regulations
🌍 Global Availability
FTX operates in most countries except:
- Restricted jurisdictions: Cuba, Crimea, Iran, North Korea, Syria, US (via FTX US).
📜 Regulatory Compliance
- FTX US is registered with FinCEN as an MSB.
- Adheres to AML/CFT guidelines.
Supported Cryptocurrencies & Fiat
💵 Fiat Currencies
- EUR
- GBP
- AUD
- HKD
- SGD
👉 Full list of 70+ cryptocurrencies
| Major Coins | Leveraged Tokens | Derivatives |
|-------------------|-------------------|-------------------|
| BTC, ETH, XRP | BTCBULL (3x) | Futures, Options |
| BNB, LINK | ETHBEAR (-3x) | Perpetuals |
Fee Structure
Trading Fees
| Tier | 30-Day Volume | Maker Fee | Taker Fee |
|------------|---------------|-----------|-----------|
| Standard | < $1M | 0% | 0.07% |
Additional Charges
- Leveraged tokens: 0.03% management fee.
- Withdrawals: $75 for amounts < $10K.
Trading Platforms
🖥️ Desktop
- Features: Advanced charting, OTC desk, quant zone.
- Account Setup: Email verification → Deposit funds → Trade.
📱 Mobile App (iOS/Android)
- Functionality: Spot trading, wallet management.
- Limitation: No fiat deposits.
Payment Methods
- Deposits: ACH, Wire Transfer, Credit Card (0% fee).
- Withdrawals: $75 for small withdrawals.
Security & Trust
- Regulated: Complies with global AML standards.
- Funds Insurance: Backstop liquidity program.
- 2FA & SSL Encryption.
Customer Support
- Live Chat: Weekdays (limited hours).
- FAQ Section: Automated solutions.
FTX vs Competitors
| Feature | FTX | eToro |
|----------------|-------------------|-------------------|
| Fees | Low (0% makers) | Higher spreads |
| Leverage | Up to 101x | Up to 30x |
| UI/UX | Complex | Beginner-friendly |
FAQ
1. Is FTX safe?
Yes, with robust security protocols and regulatory compliance.
2. Can US clients use FTX?
Only via FTX US.
3. What are leveraged tokens?
ERC-20 tokens offering leveraged exposure without margin positions.
4. How do I withdraw funds?
Via wallet dashboard ($75 fee for < $10K).
Final Verdict
FTX excels with low fees and advanced tools but suits experienced traders due to its complex interface. Ideal for derivatives trading!