Provider profile · 2026 edition
FalconX review 2026: scores, fees and alternatives.
A prime broker offering OTC and electronic trading, credit and FX through one counterparty.
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A prime broker offering OTC and electronic trading, credit and FX through one counterparty.
FalconX scores 3.1 out of 5 (63 out of 100) in the Buckingham Intelligence Crypto Exchange and Liquidity for Businesses Index 2026 and ranks 4 of 12. It is strongest for funds and fintechs needing wide token and fiat coverage through one counterparty, with 5 out of 5 for regulatory standing, asset and currency coverage and execution access. Not published or not stated on the pages read: pricing, settlement and security.
Scores from the Crypto Exchange and Liquidity for Businesses Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For payment and fintech firms | 64 | 4 of 12 |
| For funds and trading firms | 69 | 2 of 12 |
| For corporate treasuries | 57 | 4 of 12 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Funds and fintechs needing wide token and fiat coverage through one counterparty.
What FalconX publishes on its own pages, read on 26 October 2026.
A prime broker offering OTC and electronic trading, credit and FX through one counterparty. It publishes 400+ tokens, 13 fiat currencies for electronic FX and 120+ through OTC, FIX and streaming access, a Malta MiCA licence and US state licences with numbers. It does not publish prices or security certifications.
| Fact | What the provider publishes |
|---|---|
| Regulatory standing | FalconX Limited is licensed as a crypto-asset service provider by the Malta Financial Services Authority under MiCA; FalconX Delta, Inc. (NMLS ID # 2419717) is registered with FinCEN and licensed as a money transmitter in listed states, with licence numbers; FalconX Bravo, Inc. is registered as a swap dealer with the CFTC and is an NFA member. Its Singapore entities state they are not licensed by MAS. |
| Pricing | Not published; the trading page cites "competitive pricing". |
| Asset and currency coverage | "Trade 400+ tokens"; electronic FX "across 13 fiat currencies"; "Access 120+ fiat currencies via OTC execution, supported by Tier-1 banking partners". |
| Execution access | "24/7 electronic and OTC trading"; "RFQ/Streaming"; "WebSocket, FIX, and REST" APIs; TWAP orders and smart order routing across "50+ trading venues". |
| Settlement | "Margin Loans & Flexible Settlement"; on and off ramps and cross-border settlement listed. Payment rails not named. |
| Security | Not published on the pages read. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: falconx.io/services/trading, falconx.io/licenses, falconx.io.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Crypto Exchange and Liquidity for Businesses Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Kraken | 4.5 | 1 of 12 | Businesses wanting exchange, OTC and API access with a full published fee table |
| Zerohash | 3.3 | 2 of 12 | Payment firms and fintechs embedding crypto buy, sell and payouts |
| Coinbase Prime | 3.2 | 3 of 12 | Funds and corporates wanting trading, financing and custody in one account |
| OSL | 2.9 | 5 of 12 | Asian and European businesses converting between stablecoins and fiat |
| B2C2 | 2.9 | 6 of 12 | Exchanges, brokers and fintechs wanting streaming prices without pre-funding |
| Wintermute | 2.7 | 7 of 12 | Funds and token projects wanting chat and API liquidity in hundreds of tokens |
| GSR | 2.5 | 8 of 12 | Treasuries and funds trading large blocks across many fiat currencies |
| Enigma Securities | 2.5 | 9 of 12 | UK and European firms wanting voice, chat and API execution |
| Galaxy | 1.9 | 10 of 12 | US institutions wanting OTC trading alongside lending and derivatives |
| LMAX Digital | 1.8 | 11 of 12 | Banks and brokers wanting a regulated venue with a published instrument list |
| Keyrock | 0.9 | 12 of 12 | Crypto platforms and token projects wanting a single OTC counterparty |
Full Crypto Exchange and Liquidity for Businesses Index ranking
Side by side on every criterion, fact and award.
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