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 2 alternatives to FTX
These brokers are the best alternatives to FTX that also accept traders from your location. They are listed in order of similarity in terms of markets and features.
- Established in 2006, AvaTrade is a leading forex and CFD broker trusted by over 400,000 traders. Operating under regulation in 9 jurisdictions, AvaTrade processes an impressive 2+ million trades each month. Through like MT4, MT5, and its proprietary WebTrader, the broker provides a growing selection of 1,250+ instruments. Whether it’s CFDs, AvaOptions, or the more recent AvaFutures, short-term traders at all levels will find opportunities. With terrific education and 24/5 multilingual customer support, AvaTrade delivers the complete trading experience.
- Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Detailed comparison
Compared broker FTX | Alternative #1 AvaTrade | Alternative #2 CMC Markets | |
|---|---|---|---|
| Visit broker | VisitReview | VisitReview | VisitReview Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. |
| Promotions | – | – | |
| Instruments | Cryptos, Futures, Options | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting, Certificates and Warrants (Germany and Austria) |
| Demo Account | No | Yes | Yes |
| Minimum Deposit | $1 | $300 | $0 |
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| Minimum Trade | $1 | 0.01 Lots | 0.01 Lots |
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| Regulator | – | ASIC, CySEC, FSCA, ISA, CBI, JFSA, BVI, FSRA/ADGM, AFM, CMA-Kenya, CIRO (via Friedberg Direct) | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | – | – | 3.0% |
| STP Account | No | Yes | No |
| ECN Account | No | No | No |
| DMA Account | No | No | No |
| MAM Account | No | Yes | No |
| PAMM Account | No | Yes | No |
| LAMM Account | No | No | No |
| Demat Account | No | No | No |
| AI / Machine Learning | No | Yes | No |
| Robo Advisor | No | No | No |
| Negative Balance Protection | No | Yes | Yes |
| Market Maker | No | Yes | Yes |
| P2P Trading | No | No | No |
| Spot Trading | No | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS & Android |
| Trading App | – | AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that's not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that's rare to find elsewhere. | The award-winning app from CMC Markets has transformed mobile trading. The app's modern and customizable interface offers a unique user experience, distinct from competitors. Moreover, with its comprehensive charting capabilities featuring 25 technical indicators and 15 drawing tools, as well as its fast and stable trading environment, it's an exceptional choice for day traders. |
| Auto Trading | Yes | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | No | Yes | No |
| Copy Trading Platform | – | AvaTrade maintains a top position when it comes to social and copy trading tools. Traders can access the proprietary AvaSocial app as well as popular third-party platforms, DupliTrade and ZuluTrade. The comprehensive performance metrics can help you find the right strategy provider for your goals and risk appetite. | – |
| Social Trading | No | Yes | Yes |
| Trade Signals | – | Yes | Yes |
| VPS Hosting | No | No | Yes |
| Tournaments | No | No | No |
| Demo Competitions | No | No | Yes |
| Ethical Investing | No | No | No |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | No | No | Yes |
| Inactivity Fee | – | $50 | $15 |
| Islamic Account | No | Yes | Yes |
| Account Currencies | – |
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| Stock Exchanges | – |
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| Commodities | – |
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| CFD Trading | |||
| Overview | CFD trading not offered | AvaTrade's 1250+ leveraged CFD products span a wide range of asset classes including stocks, indices, commodities, bonds, crypto, and ETFs. What we love is that you can speculate on rising and falling prices in the broker’s feature-rich web and mobile platforms with market-leading research tools to help you discover short-term trading opportunities. | CMC lets you trade CFDs on 12,000+ assets across currencies, indices, commodities, shares, ETFs and treasuries with new equities spanning quantum computing, AI learning, and digital car sales in 2025. Spreads are tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market. |
| Leverage | – | 1:30 (Retail) 1:400 (Pro) | 1:30 (Retail), 1:500 (Pro) |
| FTSE Spread | – | 0.5 | 1 pt |
| GBPUSD Spread | – | 1.5 | 0.9 |
| Oil Spread | – | 0.02 | 3.5 |
| Stocks Spread | – | 0.13 | 0.02 |
| Forex Trading | |||
| Overview | Forex trading not offered | AvaTrade delivers 50+ currency pairs with tight spreads from 0.9 pips and zero commissions. Trade majors, minrs, and exotics 24/5 on leading forex platforms, notably MT4, with sophisticated charting tools and forex education to sharpen your edge, including a dedicated guide to 'Currency Trading'. | CMC presents an extensive array of 300+ forex pairs characterized by tight spreads and rapid executions, surpassing the offerings of many competitors in terms of currency diversity. Forex indices also present a fairly unique and holistic way to speculate on the value of key currencies like the USD, EUR and GBP. |
| GBPUSD Spread | – | 1.5 | 0.9 |
| EURUSD Spread | – | 0.9 | 0.7 |
| EURGBP Spread | – | 1.5 | 1.1 |
| Assets | – | 50+ | 300+ |
| Crypto Trading | |||
| Overview | 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. | Crypto trading not offered | CMC Markets offers trading on popular digital tokens like Bitcoin but really stands out for its crypto indices that provide broader exposure to the cryptocurrency market. There is also minimal slippage and an excellent 99.9% fill rate, making CMC a great option for active crypto day traders. |
| Crypto Spread | Variable | BTC <1%, ETH 2% | From 1.3 |
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| Crypto Lending | Yes | No | No |
| Crypto Mining | No | No | No |
| Crypto Staking | No | No | No |
| Crypto Auto Market Maker | Yes | No | No |
| Visit broker | VisitReview | VisitReview | VisitReview Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. |