FTX Exchange Review 2024
Brief Look at 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.
- 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.
- without verification, there are serious restrictions on the limits;
- there is little legal information about the company on the official website.
FTX Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, some fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards, cryptocurrency wallets, e-wallets |
| 🚀 Minimum deposit: | USD 50 |
| ⚖️ Leverage: | Up to 1:100 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, futures, stocks |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Many assets and instruments, advanced order functionality, a wide range of indicators are available for the trading terminal chart, Quant Zone strategy development service |
| 🎁 Contests and bonuses: | Yes |
Please note that there is no minimum deposit for unverified users, but they cannot use the entire functionality of the site. For comfortable trading, you need to go through advanced AML verification. After that, the minimum deposit will be $50 for Visa/MC cards. When you deposit funds from cryptocurrency e-wallets, there are no restrictions on the amount.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From 0.020% per market order | No |
Leveraged tokens are charged a 0.10% creation and exchange fee, as well as a daily management fee of 0.03%. For all markets except BTC-PERP and ETH-PERP, the use of 50x leverage increases commissions by 0.02% and 100x - by 0.03%. These are paid into the insurance fund. Trading BTC-PERP and ETH-PERP with increased leverage do not involve additional fees. The site does not charge a commission for depositing funds. Overall, FTX fees are lower than most of its competitors. For comparison, here are the conditions of some other crypto-exchanges:
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$6 | |
|
$20 |
Investment Options
Users of the FTX exchange can only earn by trading cryptocurrency, tokens, and fiat. There are no full-fledged investment programs on the site. The only option for passive earnings besides the referral affiliate program is staking. To do this, it is necessary to keep the variable volume of the crypto exchange's own coin —FTT—on the account in your personal cabinet. Holding FTT yields a steady 4% annual growth in funding. The coin can be deposited and withdrawn at any time.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Affiliate programs from FTX
The FTX crypto exchange has a standard affiliate (referral) program. Its peculiarity is that the amount of payments for referrals is tied to the volume of FTT (platform cryptocurrency) being held in traders’ wallets.
After registration, you will receive a referral link. If another user registers on the exchange through it, then from each of his commissions on transactions you will receive 25-40%. The advantage of the attracted user is that by registering using your link, he receives a 5% discount on all commission fees.
For you, referral payments depend only on the number of FTTs that they use in staking. There are seven levels in total. At the minimum level, a referral may not invest in FTT at all, and at the same time, you are guaranteed to receive 25% of the commissions on his transactions. At the seventh level, the referral must have at least FTT 1,000,000 in staking, then you will receive 40% of his commissions.
Referral payments are daily displayed in the Referrals section of your personal cabinet. If the total trading volume of your referrals exceeds $25 million, the site will offer you individual terms of cooperation.
User Satisfaction