An unusual project called FTX came to our review. This is an Asian crypto exchange that was founded in 2019 by a certain Sam Bankam-Freed. He once traded stocks, currency pairs, ETFs and came up with an automated over-the-counter trading system, bringing together a multinational team united by high goals and ambitious aspirations. The company claims that thanks to the well-coordinated work, original approach and experience, the FTX system brings great income and allows you to cover the needs of both beginners and pros. But how honest this service provider is with us, we have to find out.
FTX. General information
Broker's main website:
Get instructions on how to withdraw funds
The developers have done their best, filling the FTX website with a huge amount of content. But the usability of the resource leaves much to be desired. The layout is crooked, the blocks run into each other, it is extremely difficult to find the necessary information.
Although an independent appraiser put a pretty decent price tag on this project, we would not call it exemplary.
The main page includes the following blocks:
- menu, which consists of an overview of the markets and products of the company;
- slider with main offers, company news;
- calculator for exchanging currencies for a crypt with entry / conversion buttons;
- an overview of the markets you get access to by partnering with FTX;
- presentation of a platform adapted for any device.
In the footer you can find links to resource pages containing information about the company, assets, referral program, tokens, partners, etc. There are also links to social networks. We will discuss this and some other points below.
Due diligence, FTX licenses
Let's start with the fact that the FTX company delicately kept silent about its "registration" address. On the "Contact Us" page, we see a huge list of all kinds of telegram channels, social media accounts, email addresses. But physical contact details, or even a phone number, are not to be found there.
It is also noteworthy that some of the links were not working.
There is no foreseeable access and data on licenses. Although, however, cryptocurrency projects are not licensed. Many brokers are not averse to riding the wave of hype, while few warn that they are not responsible for your money. Therefore, when trading with such companies, you can only be guided by their reputation, which in our time is a very shaky concept.
Often, when choosing a service provider, traders rely on the age of the broker. Our heroes bought a domain with experience for themselves (see the very first screen). According to the web archive, back in 2016, it was put up for sale. Some life appeared here only in the second half of 2019.
The second criterion by which the reliability of a broker is evaluated is real customer reviews. Comments on FTX activities will be posted below.
Real FTX Customer Reviews
Despite the great work experience, expensive website, the presence of a large number of subscribers in social networks, reviews about FTX are very contradictory. There were quite a few of them. Moreover, both in Runet and on foreign resources. However, there is still more negative towards the monitored office. We will publish only a small part of those “tendernesses” that are said on the network about FTX.
If you are a victim of a scam or unfair action by FTX, please leave a comment below this article. Perhaps it is your review that will save someone from losing money.
Features of the work of the company FTX. Tools and conditions for traders
The FTX website offers fiat and crypto trading and exchange. You can exchange real money for popular tokens, cryptocoins. And also buy your own exchange tokens - FIT.
The following popular assets are available for FTX clients:
- XRP and others.
The main instrument for trading are perpetual and quarterly derivatives. You can use various strategies, store digital assets under 4% per annum, earn on forecasts.
Among its advantages, FTX notes the following:
- 4th place in terms of trading volume among all exchanges;
- several types of assets, including tokens, futures, fiat, crypto, securities;
- low fees, especially for those who own FIT tokens;
- user-friendly FTX authoring platform;
- support for about 1100 markets;
- help center;
- unique tools;
- experienced, professional team of traders, programmers, analysts.
FTX clients also have access to a referral program that expands the range of earning opportunities. The amount of bonuses can reach 40% from the amount of investments of your referral. But we somehow did not meet real confirmations of these payments.
To start trading on the exchange, you need to register an account and verify it. You can open a single account for trading any assets, as well as download a mobile application. By the way, in the reviews of the application on the GooglePlay platform, we also met a lot of negativity, including the fact that the project under review has long since scammed and is now stupidly scamming people. We also posted some of the feedback from mobile users in the previous section. They are the latest.
FTX User Scam Scheme
No matter how good a reputation a cryptocurrency trading company has, their work is based solely on trust. After all, today no crypto-exchanges are licensed by regulators. Today they can smile at you, talk about noble goals, and even let you withdraw a good profit. Tomorrow - to unwind for an even greater amount and block.
The FTX project does not have all the features inherent in scams, which we usually consider on binarybets.ru. However, judging by the reviews and some legal issues, it is also impossible to call this office reliable.
On the FTX website, we found the following points that should alert the sane trader:
- lack of a physical address, phone number, registration data;
- inability to control the company's activities by regulators;
- the presence of a large number of negative reviews;
- broken links to some social networks.
Whether or not to invest your money in such projects is everyone's business. If you are not afraid of the prospect of losing your investment due to “causal technins” or blocking for “trading violations”, you can safely trade with these guys. We wash our hands and encourage you to learn how to manage your risks.
If you are a victim of FTX or other black brokers and want your hard-earned money back, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.