FTX exchange is owned by the Sam Bankman-Fried, the CEO and co-founder of Alameda Research which is a top cryptocurrency liquidity provider that gives FTX to access industry-leading order books. Alameda manages over $100 million of digital assets and trades $600 million to $1.5 billion per day across thousands of products such as derivatives through FTX exchange.

FTX offers a beginner-friendly and easy to use trading platform with innovative products to buy or sell. The crypto exchange primarily focusses on providing a stable and secure derivatives market for cryptocurrency trading, in addition to the following pros and cons:

FTX.US for cryptocurrency traders that reside in the United States. Professional user-interface for trading on desktop or mobile app Start trading without KYC and withdraw up to $2,000USD daily Low fees and tight spreads due to deep order books and liquidity Up to 101x leverage on cryptocurrency trading pairs Leveraged tokens to SHORT or LONG with up to 3X leverage with no margin Stablecoin Settlement using a single margin wallet. MOVE Contract that settles to the absolute change in price of a coin over time. VIP trading fee discounts with larger volume amounts and using the FTT token.

24/7 quotes for cryptocurrencies using OTC desk. Comprehensive guides, FAQ section and responsive customer support team.

FTX.com is a cryptocurrency trading exchange that is incorporated in Antigua and Barbuda with its headquarters in Hong Kong. The trading platform is currently not regulated and US customers are not allowed to use the services. Residents in the States can use FTX.US, a partner entity serving the United States citizens and is a regulated company. For more legal information, users can read here: Legal – FTX Exchange.

FTX uses several bank-like security features to ensure the safety of user’s personal information and security of funds stored on the crypto exchange. To date, there have been no reported hacks or security incidents which can be attributed to a high standard of security such as cold wallet storage and two factor authentication to provide a safe and secure trading environment.

To create an account with FTX, users will need to go through a registration process to setup a derivatives trading login. Users can start trading on the crypto exchange and withdraw up to $2,000 USD per day with email verification only. Tier 2 and 3 account holders that complete KYC can withdraw unlimited amounts of cryptocurrency to a hardware wallet such as the Ledger X, or cash out fiat directly to a bank account using a wire transfer. FTX account holders that complete the AML/KYC process can use the OTC desk as well.

FTX allows a wide range of deposit methods for traders on the platform to fund an account. These include cryptocurrency, stable coins or fiat currency. There is the option to use a credit card to purchase crypto directly through the FTX platform the fiat/crypto market leader, Simplex. The company has pioneered the fiat onramps using a traditional bank card (e.g. VISA and Mastercard). Alternatively, traders can transfer stable coins to the platform such as USD, USDC, TUSD, PAX, BUSD and HUSD. FTX will credit the user’s wallet using a 1:1 ratio. 

FTX has been designed for beginners and professional cryptocurrency traders on the platform by offering a simple, easy to navigate and intuitive user interface. The default arrangement has a side navigation bar for quick access to FTX derivatives trading products, positions, wallet to view FTX account funds, pending orders and to view trade history.  The centre of the user interface features the trading chart which are integrated with TradingView and well-known for its advanced trading features, indicators and drawing tools and chart pattern overlays. Users can right-click the chart to place limit and stop orders at a selected price level. Below the charting window, users can view the order book to examine the volume against the bid and ask prices. To enter a position with FTX, the order window is located in the middle. It is simple in appearance and can populate entry prices by clicking on the order book. Trade volume can be adjusted using the slider which will automatically calculate and display the liquidation price.  FTX allows traders to manage their positions by offering several order methods to enter a position and exit the trade. Compared to other leveraged trading platforms, the selection of order types on FTX is excellent and will suit a variety of traders. The available orders include: • Limit order • Market Order • Stop Market • Stop limit • Trailing stop • Take profit • Take profit limit Overall, the FTX user interface is robust and suited to various types of traders and skill level. The charting window is responsive and includes advanced charting tools and software to trade crypto products on FTX.

FTX offers a number of cryptocurrency derivatives products that can be traded on the exchange using a single margin wallet. The trading products offered include:

Futures – users on the platform can trade futures on coins such as BTC, ETH, EOS, XRP, and USDT. Each coin has three futures contracts: a contract that expire this quarter, a contract that expires next quarter and a perpetual future. Leveraged Tokens – tokens that can be bought and sold with up to 3X leverage that requires no margin requirements.

Options – contracts that gives the holder the right but not the obligation to buy or sell at a future strike prices. Often referred to as ‘calls’ and ‘puts’. Advanced traders can use options to hedge their open positions against price volatility.

MOVE – contracts that represent the absolute value of the amount the price of a coin moves over a time period. 

Spot – trades that follow the underlining price of the asset without margin or collateral

FTX has over 100 futures pairs that can be traded using a stable coin such as USD or USDT as collateral. This means that profits and losses are based on USD prices without needing a bank account. There is also the option to use the same fiat currency as collateral for all of the contracts. The popular FTX Futures pairs by daily trading volume include: BTC-PERP – Bitcoin Perpetual Futures ETH-PERP – Ethereum Perpetual Futures XRP-PERP – XRP Perpetual Futures LTC-PERP – Litecoin Perpetual Futures BCH-PERP – Bitcoin Cash Perpetual Futures Users can trade the futures pairs with margin up to 101x to long or short Bitcoin and other coins by taking advantage of comparatively small price movements. It also provides flexibility of a portfolio for greater exposure and make the capital go further than the user would be able to fund on their own. Each position on the futures exchange is backed by the FTX Insurance Fund which activates when an account is at risk of liquidation and to mitigate the risk of claw backs. 

FTX has developed an innovative asset for cryptocurrency traders, called Leveraged Tokens. These are ERC20 tokens that have leveraged exposure up to 3x applied to the trading pair. There is no margin requirement from the user’s FTX account balance to start trading leveraged coins. There are even EFTs that have leveraged exposure to numerous existing and popular cryptocurrency assets.

A few examples of FTX leveraged tokens include: • BULL/USD – 3x long Bitcoin token • BEAR/USD – 3x short Bitcoin token • ETHBULL/USD – 3x long Ethereum token • ETHBEAR/USD – 3x short Ethereum token Using FTX leveraged tokens can help a trader with risk management. The derivatives exchange automatically reinvests any trade profits back into the underlying asset being traded. This means if your leveraged token position is sitting on a profit, the tokens will automatically put on 3x leveraged positions to it. On the flip side, leveraged tokens will automatically reduce risk if the position is negative.  As an example, if the user traded a 3x long ETH position and the ETH price fell over 33%, the position would be liquidated. However, a position on the ETHBULL asset would have automatically sold a portion of the position as the price of ETH started to fall. This would have mitigated the liquidation risk even after a 33% down drop in price. To start trading leveraged tokens on FTX, click on ‘Token’ at the top menu on the to find the asset list. The tokens are constructed in a way that enables traders to get leveraged exposure to a particular crypto asset (on both the long and short side), without risking liquidation.