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Cryptogambling / FTX Review

FTX Review – How trustworthy is FTX? 2024

What is FTX?

FTX is not active anymore.
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User Reviews

FTX is a relative newcomer to the crypto scene having opened its virtual doors in 2019. Today, it is considered the best crypto exchange by many of its users and offers over 300 tradable cryptocurrencies to all. Clients can make use of the innovative mobile app, educational resources and limitless withdrawals as soon as their accounts are verified. Read on to find out what our experts think.

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ftx review
FTX: Pros & Cons
  • Intuitive mobile app
  • Over 300 cryptocurrencies
  • Free educational resources
  • No live support
Payment Methods
Mastercard
Visa
License
CySEC - Cyprus Securities and Exchange Commission
Accepts Customers from
Players from United States of America not accepted
Company
FTX Trading Ltd
Founded
2021
Website
ftx.com
Email
contact@ftx.com
Overall Rating
Rating follows
  • New Customer Offers
    4.0/5
  • Usability
    4.2/5
  • Available Account Types
    4.2/5
  • Trading Platforms
    4.0/5
  • Payments
    4.2/5
  • Customer Service
    4.0/5
  • Regulation & Deposit Insurance
    4.2/5
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Last Updated on 19/05/2024

What can you trade on FTX?

At the time of writing, over 300 cryptocurrencies are available at FTX. Major coins, including Bitcoin, Litecoin, Ethereum, Cardano and Solana are offered, alongside lesser-known hot prospects.

FTX user experience

FTX could be considered the best crypto exchange for advanced traders. Although there is plenty of information and educational resources available across the platform, the clinical and professional appearance of FTX is a clear indicator of the clientele they are looking to bring in. We found that both the app and online version of FTX were designed well and any important areas were accessible within a few short clicks. Trades were also executed promptly and sufficient tools were offered to personalise charts.

FTX account types

Individual Account The base account at FTX is unverified and traders will be required to pass KYC tiers 1 and 2 to unlock full capabilities, including unlimited crypto and fiat deposits and withdrawals.
Institutional Account Although trading on behalf of an entity, you will still be required to pass KYC tiers 1 and 2 to unlock additional perks, such as trading futures.

FTX trading tools

Superior charting tools Chart personalisation is king when it comes to setting up and testing your strategies. You can make use of RSIs, EMAs, Fib, Bolllingers, and everything in between at FTX
Educational resources Visit the Learn section of the FTX platform to find out more about all different facets of trading, including options, leveraged tokens and more.
VIP/MM program A dedicated program that rewards traders based on their trading volume with lower fees, an account manager and access to FTX merchandise.
Quant Zone The FTX Quant Zone is a unique area of the site that allows experienced traders to build and share strategies. Any rules created can be added to your FTX trading account.

FTX review of payments

All users who are new to crypto will have the chance to purchase using fiat options via a third-party provider called Simplex; however, the main way FTX users fund their accounts is via an external crypto wallet.

Minimum deposit Varied depending on asset
Deposit fee Free
Inactivity fee N/A
Account fee N/A
Maximum leverage 1:20
Overnight fee 0.03% on leveraged positions
Minimum withdrawal £100 for fiat, varied for crypto

FTX customer service

The FTX support page is full of useful answers to various common questions regarding user accounts, the registration process, deposits, withdrawals and beyond. Should users not find their answer here, they can submit a ticket and wait for an email response or call FTX directly.

Is FTX safe and regulated?

When registering with FTX you will instantly notice that the KYC and AML process is adhered to strictly, alongside geolocation checks. Once verified, traders will be required to set up 2FA to further secure their accounts. All client funds are kept in cold storage and FTX is regulated by the Securities Commission of Bahamas.

Does FTX have an app?

FTX users can download the FTX PRO iOS and Android app. The trading experience has been optimised to suit the demands of mobile trading while still offering the superb usability and functionality detailed earlier.

FTX review FAQ

Has FTX ever been hacked?

No, FTX has never been hacked, further cementing its position as a safe and secure exchange.

Does FTX offer new users a bonus?

There is no new customer bonus; however, further bonuses including a refer-a-friend bonus are available at FTX

How many active users does FTX have?

There are over 1.5 million registered users at FTX.

FTX review - conclusion

If you are looking for a safe and stylish approach to trading crypto, then FTX could be the best crypto exchange for you. We found that the design and approach to trading were geared towards advanced traders; however, the abundance of educational resources will soon bring new recruits up to speed. The mobile app is a great addition, too, allowing traders to access their full portfolios and trade freely across over 300 cryptocurrencies.

User Reviews for FTX

No review posted yet.

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Crypto Exchange
FTX Crypto Exchange
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  • Over 300 tradable cryptocurrencies
  • Access to free training resources
  • Fully licensed crypto brokerage
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T&Cs apply, 18+
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Payment Methods
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