What are the fees associated with trading on FTX broker?
ma abdullahDec 17, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees associated with trading on FTX broker? I would like to know the different types of fees, their amounts, and how they are calculated.
3 answers
- Dec 17, 2021 · 3 years agoSure, trading on FTX broker involves several types of fees. Firstly, there are trading fees which are charged for each trade you make. The fee structure is tiered based on your trading volume, with higher volume traders enjoying lower fees. Additionally, FTX charges a small fee for withdrawals, which varies depending on the cryptocurrency you are withdrawing. It's important to note that FTX also offers a fee discount if you hold and use their native token, FTT. Overall, the fees on FTX are competitive compared to other exchanges in the market.
- Dec 17, 2021 · 3 years agoTrading on FTX broker comes with a variety of fees. The trading fees are based on a maker-taker model, where makers (those who provide liquidity to the market) are charged lower fees compared to takers (those who take liquidity from the market). The fee structure is tiered, meaning that the more you trade, the lower your fees will be. In addition to trading fees, FTX also charges fees for deposits and withdrawals. These fees vary depending on the cryptocurrency you are using. It's worth noting that FTX has a reputation for having transparent fee structures and regularly updates their fee schedule on their website.
- Dec 17, 2021 · 3 years agoWhen it comes to trading fees on FTX broker, they operate on a tiered fee structure. The fees are based on your trading volume over the past 30 days. The more you trade, the lower your fees will be. For example, if your trading volume is below $10,000, you will be charged a 0.07% fee for both maker and taker orders. However, if your trading volume exceeds $10 million, the fee drops to 0.02% for makers and 0.04% for takers. FTX also offers a fee discount if you hold and use their native token, FTT. This can further reduce your trading fees. Overall, FTX broker provides competitive fee rates for traders of all volumes.
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