Alternatives to FTX
Here we list the best alternatives to FTX, the failed crypto exchange that has cost investors and customers billions of dollars. Traders that are looking for brokers that are similar to FTX on specific features should check the detailed comparison table below.
Top 3 Alternatives to FTX
These brokers are the best alternatives to FTX that also accept traders from your location. The brokers are listed in order of similarity in terms of markets and features.- Swissquote - Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.
- Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
- IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Detailed Comparison
| Feature | FTX | Swissquote | Interactive Brokers | IG |
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0.3
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4
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4.3
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4.4
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| Instruments | Cryptos, Futures, Options | Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
| Demo Account | No | Yes | Yes | Yes |
| Minimum Deposit | $1 | $1000 | $0 | $0 |
| Payment Methods |
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| Minimum Trade | $1 | 0.01 Lots | $100 | 0.01 Lots |
| Trading Platforms |
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| Regulator | FCA, FINMA, DFSA, SFC | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA | |
| Margin Trading | Yes | Yes | Yes | Yes |
| Margin Rate | 1.55 - 2.59% | 2.5% | ||
| STP Account | No | No | Yes | No |
| ECN Account | No | Yes | No | No |
| DMA Account | No | Yes | Yes | Yes |
| MAM Account | No | Yes | Yes | No |
| PAMM Account | No | No | No | No |
| LAMM Account | No | No | No | No |
| Demat Account | No | No | No | No |
| AI / Machine Learning | No | No | Yes | No |
| Robo Advisor | No | Yes | Yes | Yes |
| Negative Balance Protection | No | Yes | Yes | Yes |
| Market Maker | No | Yes | No | Yes |
| P2P Trading | No | No | No | No |
| Spot Trading | No | Yes | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS & Android | iOS & Android |
| Auto Trading | Yes | Yes | Capitalise.ai & TWS API | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
| Copy Trading | No | No | No | No |
| Social Trading | No | Yes | No | No |
| Trade Signals | Yes | |||
| VPS Hosting | No | Yes | No | Yes |
| Tournaments | No | No | No | No |
| Demo Competitions | No | No | No | No |
| Ethical Investing | No | No | Yes | Yes |
| Custodial Account | No | No | No | No |
| Guaranteed Stop Loss | No | No | No | Yes |
| Inactivity Fee | $0 | $12 | ||
| Islamic Account | No | Yes | No | No |
| Account Currencies | Array |
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| CFD Trading | CFD trading not offered | Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements. | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. |
| Leverage | 1:30 | 1:50 | 1:30 (Retail), 1:250 (Pro) | |
| FTSE Spread | 0.9 | 0.005% (£1 Min) | 1.0 | |
| GBPUSD Spread | 1.3 | 0.08-0.20 bps x trade value | 0.9 | |
| Oil Spread | 0.02 | 0.25-0.85 | 2.8 | |
| Stocks Spread | N/A | 0.003 | 0.02 | |
| Forex Trading | Forex trading not offered | Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies. | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. |
| Forex App | IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks. |
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| GBPUSD Spread | 1.3 | 0.08-0.20 bps x trade value | 0.9 | |
| EURUSD Spread | 1.3 | 0.08-0.20 bps x trade value | 0.8 | |
| EURGBP Spread | 1.5 | 0.08-0.20 bps x trade value | 0.9 | |
| Assets | 80+ | 100+ | 80+ | |
| Crypto Trading | FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. | Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens. | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. | IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. |
| Crypto Spread | Variable | Variable | 0.12%-0.18% | Variable |
| Crypto Coins |
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| Crypto Lending | Yes | Yes | No | No |
| Crypto Mining | No | No | No | No |
| Crypto Staking | No | Yes | No | No |
| Crypto Auto Market Maker | Yes | No | No | No |