Full FTX Review (4.3 out of 5) A Step-by-Step Evaluation of the Exchange

FTX Review

Without proper guidance in the Forex market, it is impossible to stay consistently profitable. FTX provides necessary tools and multidimensional assistance to all its clients. Retail traders who want to focus on perfecting their strategy and exploring new ways to diversify their investments will be more than happy to work with this reliable trading platform.

FTX trading terminal

The terminal offered by this exchange is a versatile instrument that has a large arsenal of technical indicators like Relative Strength Index and Moving Averages as well as standard graphical tools like line drawing and Fibonacci lines. If you want to use a sophisticated strategy, you can always use a third-party platform to connect to the trading servers of FTX.

The native terminal is great because it is built into the web infrastructure directly removing any potential delays and ensuring that orders are executed instantly.

FTX financial instruments

The list of assets that you can trade when working with this platform is quite long meaning that you can always find something that suits your strategy whether you are focused on long-term market positions or scalping techniques.

Here are some of the assets that you will be able to use:

• Commodities are often the most stable choice during global recessions and bearish trends in other markets. Gold and silver are often good hedging instruments.
• Currency pairs including exotic selections are excellent when you want to have access to the market around the clock. Some currencies are very volatile meaning that they can be great for intraday trading.
• Cryptocurrencies, stocks, and indices are also interesting instruments that are used less frequently but can be very profitable in the right circumstances.

FTX customer support

The support team at FTX is a great collective of very competent specialists that will help you with any issue related to the web platform or the mobile app. You can expect to hear from a specialist within a couple of minutes after leaving a message in the live chat. While the team usually responds quickly, it can be overwhelmed on weekends and holidays.

FTX mobile app

The application for iOS and Android smartphones is a great tool for people who do not like being tied to one place even when it comes to finances. Your phone can be more secure than a laptop considering a host of additional security measures that you can use (fingerprint scanning, safe Wi-Fi connections, and more).

The mobile application has the same functionality as the website and offers you a lot of opportunities to manage your portfolio and continue actively trading even when you don’t have access to your laptop.

FTX trading terms

The company provides favorable conditions to retail traders interested in the FX market. There are several important aspects that you will find advantageous when working with this exchange:

• Spreads are low and flexible with different values across all available financial instruments. It means that you can find a suitable option for any strategy.
• Instant order execution means that you can be more efficient and faster than traders working on platforms that have delays when trading.
• No-commission banking is a great benefit for people who usually make smaller deposits but frequently. You will save a lot of money on commission-free transactions.

Flexible banking options at FTX

The ability to choose from a list of available banking options is great because you can control the flow of money effortlessly. If you want to top up your balance instantly to avoid a margin call, you can do it by using debit and credit cards. Bank transfers are much safer, but a deposit may be delayed by up to 3 business days.

Conclusion

FTX is certainly a trading platform that deserves your trust and attention. It is a company that has a lot to offer to novice retail traders and experienced veterans who are looking for a exchange with many benefits like instant order execution, low spreads, and reliable banking.