LedgerX
Top-Crypto-Reviews > LedgerX
Main Features
- Regulated exchange and clearing hour
- Offers Bitcoin derivatives
- Operates 365 days/year
- No minimum deposit
Compare the best bitcoin brokers
As the first federally-regulated exchange and clearing house, LedgerX offers Bitcoin swaps and options 24/7. The company boasts a leadership team made up of MIT, Goldman Sachs and CFTC alum. There is also an institutional arm that offers an API, private community, and negotiated deals through its clearing organization.
Ranked reasonably high primarily because of its low position sizes and US regulation, we think LedgerX is good but has potential to be better on the retail side.
Pros
- US-regulated and available to US citizens
- Open 24 hours a day, 365 days a year
- No minimum account size
- Deposit bonuses
Cons
- No auto-exercise on options
- Only Bitcoin trading
How to open an account
Step 1
Click ‘Open an Account’, where the first screen asks for an email address that you will then need to verify in order to continue.
Step 2
Choose an account type, between Individual and Institutional
Step 3
Complete your profile by entering:
- First name
- Last name
- Address
- Phone number
Step 4
Verify your identity by providing:
- Date of birth
- Social Security Number
- US ID, driver’s license, or passport
Step 5
Answer whether you qualify for Negotiated Trading — to qualify, you must meet at least one of these conditions:
- “Eligible Individual”: Individual who has amounts invested on a discretionary basis of at least $10,000,000
- “Hedging Individual ECP”: I am an individual who has amounts invested on a discretionary basis of at least $5,000,000 that is hedging risk
Step 6
Tick any boxes of statements that apply to you concerning regulatory or legal history
Step 7
Agree to the Terms & Conditions, and your application will then be under review by LedgerX Compliance
What can I trade?
- Bitcoin Mini Option
- Next-Day Bitcoin Mini
What are the costs?
- 10 cents per contract or 20% of the option for Bitcoin mini options
- 5 cents per contract on next-day Bitcoin mini
4 Comments
Excellent customer service
Excellent customer service. Very quick, professional and helpful. Good info, training and
charting. Very few technical issues, if any, when trading on a reliable computer, tablet or
phone. Quick payouts. Reasonable spreads.
Great software
Great software and execution
thereof!
When I do make a concerted effort to spread trades in a sensible way, taking into account all
the lessons I have learnt, I make regular profits (only to blow it again, as mentioned above).
Here’s to giving hobbyists and learners a fair shot at the riches! Good luck all.
Seyed atabak Masoumi
Happy with profits
signals worked well for me, I am content with the broker performance. Very happy with my
profits.
Good profit
I am very happy with my profit. In just 2 months of trading with them, I am gaining real good
profit.