High volume exchange with lots of liquidity
Trade crypto, futures, forex, and prediction markets
Sign-up with FTX Sign-up with FTX

FTX review 2023

Investing options: 3.9

Platforms & usability: 1.4

Products, markets, & assets: 3.4

Safety & reliability: 0.5

Deposits & withdrawals: 0.5

Research & analysis tools: 3.1

Fees & costs: 3.1

Education & learning resources: 2.2

FTX review Summary

Updated: Jun 29, 2023
9 min read
FTX is a rapidly growing cryptocurrency exchange that offers a wide range of crypto coins, along with features that are perfect for advanced traders. Find out more about the platform and how it works here.

FTX went bankrupt in 2022 and is no longer in operation. Use our guide to find the best FTX alternatives in 2023.

FTX is an innovative new cryptocurrency exchange offering industry-first derivatives, options, volatility products, and leveraged tokens. The platform was built by traders for traders and is robust enough to handle high-volume professional traders, as one of the most liquid exchanges on the market today, while also being easy and intuitive to use for first-timers all the same.

What can I do with FTX?

You can trade hundreds of assets and trading pairs. Nearly $16bn worth of trading takes place every day, so there are always plenty of other traders to match with.

Initially developed in 2018 with full functionality realised in 2019, FTX is registered in Antigua and Barbuda, with a growing presence in markets around the world, including the emirate of Dubai in the United Arab Emirates, where it was recently granted an operating license.

FTX cryptocurrencies and trading options

What cryptocurrencies can you trade on FTX?

There are a wide range of options available, from high volume coins, such as Bitcoin, Ethereum, and Litecoin to lesser known tokens like DAI. Below is a selection of the most popular coins available:

  • Bitcoin
  • Ethereum
  • Shiba Inu
  • Aave
  • Dogecoin
  • Polygon
  • Uniswap
  • Chainlink
  • Maker
  • Badger DAO Token

All FTX trading options

From forex to futures and leveraged tokens, FTX facilitates trade in a huge array of assets, as show in the table below:

Crypto Pairs537
Tokenised Stocks41
Prediction Market2
See all products >

Can I trade with leverage on FTX?

FTX offers a limited amount of leverage, up to a limit of 1:20 and with the maximum allowable leverage even lower for large positions.

Please note that there are fees for using leverage and it also amplifies your underlying trading risk. Make sure you thoroughly understand how to use leverage before you start.

ProductMaximum leverageMargin
Tokenized stocks1:200.20%
Prediction marketNoneNone
See all leverage options >

What are the spreads?

FTX offers globally competitive commissions instead of spreads, which decline the higher your monthly trading volume becomes.

Fees, limits, and payment options on FTX

What are the deposit and withdrawal fees, limits, and speeds?

As with many high volume exchanges which incentivise trading, FTX’s deposit/withdrawal fee structure is tiered. Your fees decline the more active you are on the exchange.

Payment methodDepositWithdraw
Bank Transfer
– min/max
– fees
– speed
1-3 business days
$25 if withdrawal is below $5,000
1-3 business days
– min/max
– fees
– speed
Up to one hour
None, except for ETH
Up to one hour
See all limits >

How much are FTX’s fees and commissions?

FTX charges fixed maker and taker trading fees, which is a popular practice across the crypto exchange landscape. 

Overall, the exchange’s median fee is in line with and in some cases even lower than its competitors. We used the median fee in the table below, as these will vary greatly depending on your monthly trading volume.

Fee typeFee amountCommission
Crypto trading0.053% maker/0.083% taker
Crypto futures0.053% maker/0.083% taker
Tokenized Stocks0.053% maker/0.083% taker
Forex0.053% maker/0.083% taker
See all fees >

FTX trade sizes and limits

The minimum maker trade size for Bitcoin-Perp is 0.01. However, this only applies when you make more than 10 orders per hour smaller than 0.01, otherwise it is left up to the maker.

ProductMinimum tradeMaximum trade
Cryptocurrencies0.01 lotNone
Tokenized Stocks1 TokenNone
Forex0.01 None
Prediction Market0.01None
See all trading limits >

FTX trading platform

What devices can I use FTX on?

The FTX exchange is easily accessible via your favorite web browser as well as via the FTX Pro mobile trading app, which enables you to trade directly from your Apple or Android device.

  • Web
  • Android mobile device
  • iOS mobile device

Can I use FTX in my country?

The FTX exchange is available globally, including in the UK, France, Germany, and Spain, with the sole exceptions being residents of Cuba, Crimea and Sevastopol, Iran, Afghanistan, Syria, and North Korea due mainly to local regulations.

Is FTX available in my language?

FTX’s website is accessible in a total of 10 languages, including English, Spanish, Turkish, Mandarin. 

How easy is it to use FTX?

The FTX exchange is lightning fast, with almost non-existent load times. The general layout and navigation menus leave something to be desired however, unless you are already familiar with using a crypto exchange.

The FTX Pro mobile app is similar in this respect, in that it allows you to perform basic trading functions in the blink of an eye, while the navigation takes a little getting used to. If you’ve used a crypto exchange before, you have nothing to worry about, as it will be similar to getting back on a bike after a bit of time away.

Key features

There is plenty to do and see on the FTX exchange. Here are a few features which stood out to us.

Prediction market

FTX offers direct access to a ‘betting pool’ of sorts, where you can bet on the result of future events, such as presidential elections. This is still only a small part of the large number of assets that FTX has available for trading, but we could see its popularity growing over time.

Volatility contracts

These fall under the futures trading category, but are open contracts on the expected volatility (or lack thereof) of an underlying asset such as Bitcoin. The price changes daily based on a number of market factors and is definitely not for the faint of heart.

FTT Token

FTX’s proprietary exchange token enables traders to earn bonuses, maker fee rebates, and more through staking the token.

Staking is a complicated concept, but its most basic definition is buying and setting aside tokens used to validate transactions made through the blockchain. Which is what FTX is rewarding when it comes to the FTT Token.

Security and regulation

Is FTX safe?

Upon registering with FTX, the exchange goes about a Know Your Client (KYC) verification process which contains several steps for both individual and institutional accounts.

The exchange also has Two Factor Authentications (2FA) in place, as an added layer of security beyond identity confirmation.

Am I and my cryptocurrency protected?

FTX distributes all its funds across multiple wallets in order to ensure a high level of security. 

Despite all the precautions it does take, however, FTX operates primarily in good faith and without insurance or any type of financial compensation scheme.

Is FTX regulated?

FTX exchange is registered in Antigua and Barbuda, which is an offshore jurisdiction. Its U.S. based entity is a separate company that has both the MSB and MTL licenses for performing transactions with digital assets within the US.

It is also licensed and regulated in a host of other jurisdictions, including:

  • In Gibraltar by the Gibraltar Financial Services Commission
  • In Australia by the Australian Financial Services
  • In Cyprus by the Cyprus Securities and Exchange Commission
  • As a proprietary trader and swap dealer in the United Arab Emirates
  • In Switzerland by FINMA

Do I have to verify my account with FTX?

Yes, FTX adheres to a strict Know Your Client (KYC) policy and the exchange requires you to verify your email, legal name, date of birth, address, and passport or other similar government issued identification before granting unlimited trading, deposit, and withdrawal privileges.

Extra information

Educational resources

FTX has a dedicated “Learn” section on its website, which offers educational and guides on Leveraged Tokens, Options, other tradable assets, and a Quant Zone sub-section where users can build and share trading strategies.

Tools and charting

The FTX exchange is fairly rich, yet standard in the variety of tools it offers traders, with not much difference between it and other exchanges.

These include things like limit, stop, and trailing stop order types, a complete quote history, and over 100 trade indicators with the web version of the exchange.

Customer support

FTX has a myriad of support options no matter your communication style. There is a full support center on the website, a support ticket system, and failing both of those, a dedicated Telegram channel through which to get your inquiry heard.

Our verdict

FTX ranks highly among crypto exchanges available today. When we consider the young age of the FTX exchange, the growing list of markets it operates in, and high liquidity and usability of its platform, it has achieved a lot very quickly and we expect it to keep improving.

Adding to this, its trading fees are competitive and the number of instruments it makes available for trading is voluminous. There are plenty of features for traders, particularly advanced ones, to use already and that should grow in the years ahead.

We are hard-pressed to come up with any significant drawbacks to the exchange, other than to say that its interface could take some getting used to if you are a novice trader. Apart from this, FTX easily meets and even exceeds your trading needs.

How to buy and sell cryptocurrency on FTX

How to buy crypto on FTX

  1. Login to your FTX account
  2. Select the coin you would like to buy from the drop-down list on the exchange homepage
  3. Enter the quantity you would like to buy
  4. Click on the “Buy” button located directly below the coin and quantity fields

How to sell crypto on FTX

  1. Login to your FTX account
  2. Navigate to your exchange wallet and select the coin you would like to sell
  3. Enter the quantity you are wanting to sell
  4. Click on the “Sell” button below the quantity box


Who owns FTX?
How does FTX make money?
Do I have to pay tax on FTX profits?
How do I delete my FTX account?
How can I short on FTX?
What if I forget my account password?
Can I transfer from my FTX account into my PayPal account?
What if FTX closes down while I have open trades?
Can I access my full trading history on FTX?
Can I pay in cryptocurrency with FTX?
Does FTX offer bonuses?
How do I transfer from Coinbase to FTX?
Is FTX anonymous?
Does FTX have an integrated wallet?
How do I withdraw from FTX?
Has FTX ever been hacked?
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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.

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