FTX Review 2021

FTX is an advanced cryptocurrency derivatives exchange with a vast array of tokens and contract types.

FTX is broker that gives traders access to Cryptocurrency, Stocks, Futures and Options. Surprisingly, FTX does not support either of the enormously popular MetaTrader platforms (4 and 5).

In terms of features offered to traders, FTX has Auto Trading but is missing Demo Accounts, Islamic Accounts, Social Trading and Signals.

Cryptocurrency traders will have lots of options at FTX, with 19 different coins to trade: BTC, ETH, SOL, FTT, USDT, MATIC, BNB, XRP, DOGE, SRM, LINK, LTC, FTM, SUSHI, RAY, UNI, STEP, AAVE and AGLD.

Please note that FTX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

FTX Summary

FTX is an advanced cryptocurrency derivatives exchange with a vast array of tokens and contract types.

Ratings

20%
Trust
66%
Instruments
14%
Features
BonusNone
InstrumentsCrypto, Stocks, Futures, Options
Demo Account
Min. Deposit$1
Min. Trade$1
Regulated By
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts.

SpreadVariable
CoinsBTC, ETH, SOL, FTT, USDT, MATIC, BNB, XRP, DOGE, SRM, LINK, LTC, FTM, SUSHI, RAY, UNI, STEP, AAVE, AGLD

Payment Methods

FTX accepts the following payment methods:

  • Wire Transfer
  • Credit Card
  • Bitcoin Payments
  • Silvergate Bank Transfer
Risk Warning – Your capital is at risk

FAQ

Is FTX Safe?

In our review we gave FTX a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that FTX is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does FTX Accept PayPal?

No, FTX does not accept PayPal payments.

Is FTX Halal?

Probably not, as FTX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is FTX Regulated?

No, unfortunately FTX is not regulated to our knowledge. Careful traders might want to check out our list of FCA regulated brokers for options.

FTX vs Other Brokers

If you want to compare FTX with other brokers, use the detailed comparisons below.

FTX vs
FTX is an advanced cryptocurrency derivatives exchange with a vast array of tokens and contract types.