Economy
Comprehensive FTX Exchange Review | Features, Merits, and Demerits
Navigating the complex cryptocurrency trading world requires a reliable, secure, and feature-rich platform. FTX Exchange, one of the leading players in this arena, offers an extensive range of functionalities.
Traders Union revealed the FTX exchange review. This FTX exchange review offers a deeper understanding of the platform, its features, strengths, and areas of improvement.
Advantages and disadvantages of trading with FTX
TU experts have analyzed and reviewed the FTX and listed down the advantages and disadvantages of trading with it. Here are a few:
Advantages:
- Accessible and Swift Registration: Traders Union experts highlight that the FTX exchange provides a user-friendly registration process that is easy to navigate. This streamlined process ensures quick access to the platform, enabling users to start their trading journey promptly.
- Availability of Over 70 Assets: FTX exchange boasts a wide range of tradable assets. With over 70 options available, traders can choose from various cryptocurrencies, providing greater flexibility and opportunity to diversify their trading portfolio.
- Low Fees: FTX exchange is renowned for its low trading fees, which can be even more reduced when using the platform’s own cryptocurrency, FTT. This cost-effective feature attracts many traders who are interested in maximizing their potential returns.
- Profitable Referral Program: FTX offers a beneficial referral program that could be highly rewarding for its users. By referring new users to the platform, traders can enjoy generous rates, potentially augmenting their income.
- Advanced Functionalities of Available Orders: With FTX, traders get to use a platform that offers extended functionalities of available orders. This includes a wide range of advanced order types, enabling more sophisticated trading strategies.
Disadvantages:
- Restrictions Without Verification: Traders Union experts highlight that the FTX exchange imposes significant restrictions on non-verified accounts. This means traders who prefer to trade anonymously or without undergoing verification may face certain limitations.
- Limited Legal Information About the Company: The official website of FTX exchange lacks comprehensive legal information about the company. This limited disclosure might deter potential users who seek transparency when choosing a trading platform.
Analysis of the main features of this crypto exchange
Upon analyzing the platform, Traders Union has attributed an overall score of 2.75. The evaluation includes a score of 2.54 for order execution, 2.96 for investment instruments, 2.6 for withdrawal speed, 2.9 for customer support, 2.38 for various instruments, and 3.12 for the trading platform.
Trading conditions for FTX users
According to Traders Union, FTX offers a proprietary trading platform with a standard account type. The account can be replenished via bank cards, cryptocurrency wallets, or e-wallets, with a minimum deposit of USD 50. The platform offers a leverage of up to 1:100 and an assortment of trading instruments, including cryptocurrencies, currencies, futures, and stocks. Mobile trading, an affiliate program, and various contests and bonuses are also available.
FTX commissions & fees
As per Traders Union experts, FTX employs a tiered fee system where fees depend on your trading volume over the past 30 days. There are six levels, with the maker/taker commission at the first level being 0.020/0.070%, and at the sixth level (for a trading volume over $50,000,000), it’s 0.00/0.040%. Furthermore, staking with the exchange’s coin can further reduce the commission, offering up to a 60% discount to FTT holders on futures and spot markets.
TU experts have published the CEX.io review on its official website. To read its detailed and insightful review, please visit the official website of the Traders Union.
Conclusion
In conclusion, the FTX exchange has made its mark in the crypto trading world with its various features, low fees, and extensive range of tradable assets. However, like any platform, it has its limitations, and a potential user should weigh them carefully before investing. With this comprehensive review, we hope to have provided you with valuable insights to help you make an informed decision about using FTX. We encourage you to visit the Traders Union’s official website for more comprehensive reviews and insights.
By Adedapo Adesanya
The Nigeria Customs Service (NCS) is seeking a reduction in import duty exemptions, which rose to N34 trillion, limiting its ability to increase its revenue generation threshold.
The Comptroller-General of the Customs Service, Mr Adewale Adeniyi, disclosed that the value of import duty exemption certificate approvals increased to that level in 2025, describing the policy as one of the major factors restricting its revenue generation.
At an investigative session of the Senate Committee on Finance with revenue-generating agencies in Abuja on Monday, Mr Adeniyi explained that government fiscal policies have continued to impact the revenue-generating capacity of the Customs Service, both positively and negatively.
“The NCS would have generated significantly higher revenue over the years if not for government-approved import duty waivers and other external factors affecting collections,” he said.
He added that the Import Duty Exemption Certificate scheme, introduced in March 2020, accounted for about N34 trillion in approvals in 2025, with nearly 60 per cent covering duty-free importation of military hardware due to Nigeria’s prevailing security challenges.
Other government-backed duty waivers, he noted, covered the importation of Compressed Natural Gas (CNG), electric and hybrid vehicles, healthcare equipment and medical supplies, industrial machinery and manufacturing inputs, as well as food import intervention programmes.
While acknowledging the impact of the waivers on Customs revenue, Mr Adeniyi argued that fiscal policy should not be assessed solely on the basis of revenue generation but also on its broader economic and social objectives.
He, however, urged the federal government to establish stronger monitoring mechanisms to ensure beneficiaries of duty waivers deliver the intended economic outcomes, including lower consumer prices, increased local production and improved healthcare access.
The committee also expressed displeasure over the absence of several heads of government agencies invited to the hearing, including the Nigerian Civil Aviation Authority (NCAA), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Industrial Training Fund (ITF), and the Federal Medical Centre (FMC), Jabi.
The Chairman of the Senate Committee on Finance, Mr Sani Musa, warned that the affected chief executives must appear at the committee’s next sitting or face severe sanctions under the Senate’s rules.
In the competitive world of online trading, finding a trading brokerage partner that balances reliability, technological innovation, and accessible conditions is essential. Headway broker has emerged as a significant player, currently serving over 4 million users globally.
In this article, we take a detailed look at what makes this broker for trading a notable option for both novice and experienced traders.
Headway Regulatory Foundation and Safety
Safety is the cornerstone of any trading relationship. Headway broker operates under the regulation and licensing of the Financial Sector Conduct Authority (FSCA). This regulatory oversight ensures that the broker adheres to strictly defined standards for transparency and operational conduct, providing traders with an added layer of security and confidence when managing their portfolios.
Trading Platforms and Instruments
Efficiency in trading Forex and other markets is driven by the tools at your disposal. Headway provides a robust technological trading ecosystem:
Industry-Standard Platforms: The broker fully supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most widely used platforms for technical analysis and automated trading.
Proprietary Mobile App: For traders who prioritize mobility, Headway offers its own custom-built trading app. It is readily available for download on both Google Play and the App Store, allowing for seamless account management and trading on the go.
Diverse Market Access: Traders have a wide range of opportunities with access to over 300 trading instruments, ensuring plenty of choice for different strategies and asset classes.
Trading Account Types Offered by Headway
Headway broker understands that every trader enters the market with a different level of experience:
Three Account Tiers: To ensure inclusivity, the broker offers three distinct types of accounts (Cent, Standard and Pro), tailored to suit different levels of expertise and capital requirements.
Demo Account: For those looking to refine their skills without financial risk, Headway provides a comprehensive demo trading account. This is the perfect environment to practice strategies, understand how the platform works, and gain confidence before transitioning to live trading.
Customer Support and Incentives
Headway supports its user base with comprehensive resources and financial incentives:
24/7 Technical Support: Market fluctuations happen at any time. Headway provides round-the-clock technical support for the traders, ensuring that help is always available whenever a question or issue arises.
150$ No Deposit Bonus: To help new traders get started, Headway offers a $150 no deposit bonus. This is an excellent way to test the broker’s execution speed and trading environment with zero initial risk.
IB Partnership Program: Beyond individual trading, Headway fosters growth through its Introducing Broker (IB) partnership program. This allows partners to build their business and earn commissions by referring new traders to the platform.
Conclusion
With its combination of FSCA regulation, a vast range of instruments, and modern platforms like MT4, MT5, and its own proprietary app, Headway FX broker provides a comprehensive environment for modern traders. Whether you are using the demo account to hone your skills or taking advantage of the 150 no deposit welcome bonus, this broker offers the stability and tools needed for your trading journey.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.40 per cent on Monday, July 13, buoyed by buying interest in 11 Plc, Central Securities Clearing System (CSCS) Plc and UBN Property Plc, which offset the profit-taking in Food Concepts Plc, the parent company of Chicken Republic.
11 Plc gained N20.69 to end at N227.64 per share compared with last Friday’s price of N206.95 per share, CSCS Plc grew by N1.83 to N91.48 per unit from N89.65 per unit, and UBN Property Plc added 1 Kobo to sell at N1.81 per share versus N1.80 per share.
On the flip side, Food Concepts Plc depreciated by 24 Kobo to close at N2.45 per unit, in contrast to the preceding session’s N2.69 per unit.
As a result, the market capitalisation increased by N9.2 billion to N2.587 trillion from N2.578 trillion, and the NASD Security Index (NSI) improved by 15.33 points to 4,311.67 points from 4,296.34 points.
Yesterday, the volume of securities traded by investors surged by 615.9 per cent to 9.1 million units from the previous 1.3 million units, and the value of securities rose by 997.1 per cent to N320.4 million from the preceding session’s N29.2 million, while the number of deals decreased by 12.5 per cent to 28 deals from last Friday’s 32 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units worth N6.5 billion, and CSCS Plc with 73.9 million units exchanged for N5.2 billion.
GNI Plc also closed the session as the most traded stock by volume on a year-to-date basis, with 3.4 billion units sold for N8.4 billion, followed by Infracredit Plc with 2.3 billion units traded for N6.5 billion, and Resourcery Plc with 1.1 billion units transacted for N415.7 million.
