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.
- Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier 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.Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and 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.
- Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.
Detailed comparison
Compared broker FTX | Alternative #1 IG | Alternative #2 Bybit | |
|---|---|---|---|
| Visit broker | VisitReview | VisitReview Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and 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. | VisitReview |
| Bonus | – | – | Up To 4030 USDT Welcome Bonus |
| Instruments | Cryptos, Futures, Options | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | Cryptos, Futures |
| Demo Account | No | Yes | Yes |
| Minimum Deposit | $1 | $0 | $0 |
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| Minimum Trade | $1 | 0.01 Lots | 0.001 Lots |
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| Regulator | – | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA | SCA, FSC, FMA |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | – | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities | – |
| STP Account | No | No | Yes |
| ECN Account | No | No | No |
| DMA Account | No | Yes | No |
| MAM Account | No | No | No |
| PAMM Account | No | No | No |
| LAMM Account | No | No | No |
| Demat Account | No | No | No |
| AI / Machine Learning | No | Yes | Yes |
| Robo Advisor | No | Yes | No |
| Negative Balance Protection | No | Yes | No |
| Market Maker | No | Yes | No |
| P2P Trading | No | No | Yes |
| Spot Trading | No | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | Yes (iOS & Android) |
| Trading 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. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. | – |
| Auto Trading | Yes | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Via 3rd party software |
| Copy Trading | No | No | Yes |
| Copy Trading Platform | – | – | Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge. |
| Social Trading | No | No | No |
| Trade Signals | – | Yes | – |
| VPS Hosting | No | Yes | Yes |
| Tournaments | No | No | No |
| Demo Competitions | No | No | No |
| Ethical Investing | No | Yes | No |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | No | Yes | No |
| Inactivity Fee | – | $12 | $0 |
| Islamic Account | No | No | No |
| Account Currencies | – |
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| Stock Exchanges | – |
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| Commodities | – |
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| CFD Trading | |||
| Overview | CFD trading not offered | 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. | CFD trading not offered |
| Leverage | – | 1:30 (Retail), 1:250 (Pro) | – |
| FTSE Spread | – | 1.0 | – |
| GBPUSD Spread | – | 0.9 | – |
| Oil Spread | – | 2.8 | – |
| Stocks Spread | – | 0.02 | – |
| Forex Trading | |||
| Overview | Forex trading not offered | 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 trading not offered |
| GBPUSD Spread | – | 0.9 | – |
| EURUSD Spread | – | 0.86 | – |
| EURGBP Spread | – | 0.9 | – |
| Assets | – | 80+ | – |
| 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. | IG offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also 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. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore. | Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. |
| Crypto Spread | Variable | Variable | Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% |
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| Crypto Lending | Yes | No | Yes |
| Crypto Mining | No | No | Yes |
| Crypto Staking | No | No | Yes |
| Crypto Auto Market Maker | Yes | No | No |
| Visit broker | VisitReview | VisitReview Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and 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. | VisitReview |