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FTX vs Quicken

F

FTX

Software

Cryptocurrency derivatives exchange

From
Free
Rated
-
Full reviewWebsite
Quicken logo

Quicken

Software

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite

The short version

  • Only FTX has a free tier, so it costs nothing to try first.
  • Each has a real cost: FTX the exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022; Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • They diverge on capability: FTX covers Futures Trading, Quicken covers Budget creation.

Where they differ

Only the attributes on which FTX and Quicken actually diverge.

Attributes where FTX and Quicken differ
AttributeFTXQuicken
Starting priceFree$3.99/month
Pricing modelfreemiumsubscription
Free tierYesNo
PlatformsWeb, Ios, AndroidWeb, iOS, Android, Windows, macOS
Founded20191983

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in FTX

  • Futures Trading
  • Options
  • Leveraged Tokens
  • Spot Trading
  • FTT Token
  • Serum DEX
  • Web support
  • Ios support

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Bank accounts
  • Investment accounts
  • Credit cards
  • Windows support

What people use each for

The jobs each tool is most often brought in to do.

FTX

  • Exchangesnot Quicken
  • Derivativesnot Quicken
  • Tradingnot Quicken

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot FTX
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot FTX
  • Users preferring local data storage via Classic desktop editionsnot FTX

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

FTX

  • The exchange collapsed and FTX Trading Ltd filed for Chapter 11 bankruptcy protection on 11 November 2022
  • Around 130 affiliated companies including Alameda Research entered the same proceedings, with more than 100,000 creditors and assets and liabilities each between $10 billion and $50 billion
  • Founder Sam Bankman-Fried resigned as CEO on the filing and was replaced by John J. Ray III
  • It is not a service anyone can sign up for; the estate exists to repay creditors

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Pricing, plan by plan

FTX

Free
  • StandardFree
    • Spot trading
    • Futures
    • Options

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Which should you pick?

Choose FTX if

  • You need futures trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want options.
FTX review

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Questions people ask

Is FTX or Quicken better?
Neither clearly leads. FTX starts at Free and Quicken at $3.99/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FTX or Quicken?
FTX has a free tier; the other does not. Paid plans start at Free for FTX and $3.99/month for Quicken.
Does FTX or Quicken run on more platforms?
FTX runs on Web, Ios, Android. Quicken runs on Web, iOS, Android, Windows, macOS.
Can I use FTX for free?
Yes. FTX has a free tier, so you can try it without paying. Quicken starts at $3.99/month.
What is FTX best used for?
FTX is most often used for exchanges, derivatives, trading. Of those, exchanges and derivatives are not what Quicken is typically brought in for.
What can FTX do that Quicken cannot?
FTX covers Futures Trading, Options, Leveraged Tokens, Spot Trading. Quicken covers Budget creation, Bill management, Investment tracking, Tax planning.

Answered from the vendors’ own pages

FTX: What happened to FTX?

FTX filed for bankruptcy on November 11, 2022, after revelations about Alameda Research's massive holdings of FTX's token (FTT) triggered a liquidity crisis. The platform collapsed within days as a competing rescue deal fell through.

Source
FTX: Can I recover funds from FTX bankruptcy?

FTX has been in Chapter 11 bankruptcy proceedings since November 11, 2022. Customer funds have been subject to claims through the bankruptcy process, with asset recovery efforts ongoing.

Source
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Related pages

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