- Website: www.simplefx.com
Country: St. Vincent and the Grenadines
U.S. Clients: Yes
Min Deposit : $0
The owner: SimpleFX Ltd
Bitcoin Trading: yes
Litecoin Trading: yes
In this review, we will be discussing some of the key features of SimpleFX. As one digs further into its services, they get to see some really incredible features that truly make SimpleFX the most unique CFD trading platform these days. In this review, we will be discussing some of the key features.
SimpleFX believes in meeting the varying requirements of traders when it comes to offering trading platforms. The forex broker offers everything from a software-based to web-based platform service, and relies on award-winning third-party companies like MetaTrader 4 and WebTrader to present a smooth and intuitive trading experience to all its clients.In addition to desktop and web, SimpleFX also offers trading platforms for Android and iOS devices, ensuring an on-the-go trading experience.
All the above mentioned trading platforms carry SimpleFX’s official logo and offer traders a range of attractive tools. They include: real-time streaming quotes, multiple charting options, direct deposit buttons, trading statistics, multiple graph viewing, graph oscillators, amongst many other features.
Just like its trading platforms, SimpleFX brings diversity to its accounts as well. As we believe, the broker is truly a unique trading platform in terms of its account diversity, for it includes a never-seen before Bitcoin trading account as well. Meanwhile, the traditional traders can still enjoy the benefits of usual trading with SimpleFX’s standard account package. Here is an overview of both of them:
Unique Bitcoin Account
The SimpleFX’s Unique Bitcoin Account emerges as one of the main attractions on the platform, for it excuses traders from submitting identity proof, which in turn makes them completely anonymous.
Additionally, the users of Unique Bitcoin Account are given certain exemptions, such as a zero deposit feature, as well as zero charge for deposits and withdrawals, leverage from 1:2 to 1:500 and a 24/7 open market.
SimpleFX’s Standard Account comes handier to traders who wishes to trade in traditional currency markets, covering currencies such as AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, JPY, NOK, PLN, RUB, SEK, and the USD. Unlike with the aforementioned Bitcoin account, traders get to submit their identity proofs while depositing and withdrawing funds, for it includes traditional payment services like Bank Transfer, Neteller, Skrill, Credit Cards, WebMoney, which all requires traders to go through identity verification’s.
The main features offered by SimpleFX trading platform include:
- Very low market spreads
- Minimal transaction volume 0.01 lot for currency pairs and 1 lot for indices and oil
- Top liquidity
- Leverage up to 1:500 (depending on the account balance)
- More than 60 Pairs
- Cryptocurrency Instruments including Bitcoin and Litecoin
- Indices, Oil and Metal Assets
- Fairly safe margin level (at 100%)
- Fairly safe stop out level (at 30%)
SimpleFX addresses customer inquiries through a dedicated cell via email, ticket system and phone — 24/7. The broker however provides its customer support mainly in English.
Overall, SimpleFX is truly an innovative trading platform. We particularly liked its seriousness towards including trading markets such as Bitcoin to appeal more traders. In addition to this, we also enjoyed the intuitiveness of SimpleFX’s trading platforms, as well as their ability to execute scalp trades. The platform also supports hedging, which makes it a good spot to anchor long term investments.