I want to share with you a great new from my favorite exchange when it comes to high frequency trading. It is the FTX exchange, and for those of you following a bit my posts (I don't think there are many people doing that), you may understood that I really like it.
The news are that they made a new fee tier system, which is incentrated around FTT token stacking. That's the native token of the exchange, like BNB for Binance and HT for Huobi. It performed pretty well during it's short timelife, as it was released for 1$ during summer 2019, and now it's been trading for almost 7$!! If everything goes well, it should arrive at a point for which it will be worth 20-25$, like BNB coin before this recent bull run.
So, let's come to the main point of this article.
The BASIC fee tiers, good for both spot AND futures trading and that can be lowered as we will see later, is the following,
Ok I know, probably we'll all stick to the Tier 1 here, because having a >2 millions trading volume in 30 days is not something everybody can afford :-)
However, still at Tier 1 the maker fee is really low, only 0.02%. For the ones ignoring the meaning of "maker", this mean is when one has added a limit order to the orderbook, which then get filled by somebody else at a later time; conversly, this action of filling already existing orders is called "taker".
The taker fee is not one of the best one can find on the internet for futures contracts trading, but hey! The 0.07% is STILL the same used for SPOT orders, and this fact makes the FTX exchange one with the lowest spot fees ( for a Tier 1 ).
All of this is valid till 20x leverage. For all markets except BTC and ETH perpetual futures, selecting 50X leverage will increase your fees by 0.02%. Selecting 100X or higher leverage will increase your fees by 0.03%
The "except" above is really important: everybody, with a free Tier 1, can trade 100x leverage on BTC and ETH at only 0.02% maker fee!
Now I'll show you 3 ways to further reduce the trading fees:
- Holding FTT tokens (not necessarely stacking; they could be even freezed in a sell order)
- Stacking FTT tokens (locked tokens, with an unstacking time of 2 weeks)
- Being a referred user :-) 5% discount, here my link
1-Holding FTT tokens
So, if you have in your account a total FTT worth at least 100$, not necessarely stacked, you can enjoy a further 3% reduction ( that's my case, for example). This is not much, but not bad.
2- Stacking FTT tokens
Here's the secret! If you buy and put to stake 25 FTT minimum ( that I did) , you'll have 0% maker fee!!! Override means that it's not important what's your Tier by trading volume, the fees will be those you see above in case of stacking. That's really interesting!
Stacking FTT tokens increases also the referral rebate rate from 25% to 28% and increases all other Airdrop given by the FTX exchange in the future by 2%; also, as often there is a community vote for new token listing, with 25 FTT one has also double vote, and votes are paid to users :-)
So, the conclusion is:
register at FTX exchange with my referral link here, to have a 5% reduction on all fees forever, then stack 25 FTT and you'll have 0% maker fees even for 100x leverage on BTC and ETH pairs! The taker fee will be around 0.06%.
