diff --git a/freqtrade/tests/test_utils.py b/freqtrade/tests/test_utils.py
new file mode 100644
index 000000000..3526026e6
--- /dev/null
+++ b/freqtrade/tests/test_utils.py
@@ -0,0 +1,41 @@
+from freqtrade.utils import setup_configuration, start_list_exchanges
+from freqtrade.tests.conftest import get_args, log_has, log_has_re
+from freqtrade.state import RunMode
+
+import re
+
+
+def test_setup_configuration():
+    args = [
+        '--config', 'config.json.example',
+    ]
+
+    config = setup_configuration(get_args(args), RunMode.OTHER)
+    assert "exchange" in config
+    assert config['exchange']['key'] == ''
+    assert config['exchange']['secret'] == ''
+
+
+def test_list_exchanges(capsys):
+
+    args = [
+        "list-exchanges",
+    ]
+
+    start_list_exchanges(get_args(args))
+    captured = capsys.readouterr()
+    assert re.match(r"Exchanges supported by ccxt and available.*", captured.out)
+    assert re.match(r".*binance,.*", captured.out)
+    assert re.match(r".*bittrex,.*", captured.out)
+
+    # Test with --one-column
+    args = [
+        "list-exchanges",
+        "--one-column",
+    ]
+
+    start_list_exchanges(get_args(args))
+    captured = capsys.readouterr()
+    assert not re.match(r"Exchanges supported by ccxt and available.*", captured.out)
+    assert re.search(r"^binance$", captured.out, re.MULTILINE)
+    assert re.search(r"^bittrex$", captured.out, re.MULTILINE)