SimpleFX App – A Crypto Friendly Trading Platform

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7 years ago

3 mins read

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SimpleFX is a crypto and forex trading broker with no signs of slowing down any time soon. Late last year, the company was awarded the best crypto trading platform of 2017 during the Cryptocurrency World Trading Expo. The company did not go basking in the glory but sought to enhance its customers’ experience and shortly afterwards, the highly awaited SimpleFX mobile trading app was launched.

The simple yet powerful application for Android-powered devices allows users to easily trade cryptos, forex and more. With the app, users can trade on markets 24 hours a day, 7 days a week by funding their accounts with cryptocurrency deposits.

Ease of Use

SimpleFX is designed for use by both novices as well as experienced traders. The platform’s tailor-made GUI make the whole process much simpler for retail traders.

In order to use the SimpleFX mobile app, users don’t have to set up an account. As soon as they install, the platform creates a demo account with $10,000 in virtual funds. It can be used to trade cryptocurrencies, commodities, forex, precious metals, stock exchange indices and shares of the most popular companies.

Among the cryptotokens, users may find all the most popular assets at their disposal such as Bitcoin, Ethereum, Ethereum Classic, Litecoin, and Ripple. The main screen of the app gives access to the list of favorite symbols, which can be freely modified, positioned; opened, or closed, along with newsfeed presenting the important market information. The shoutbox on the platform is divided into multiple categories based on the asset class.

These features are already tried and tested on the web version of SimpleFX, resulting in many happy customers.

Chart, features and quick transactions

The charts provided on SimpleFX is one of the most widely appreciated feature on the platform. Traders can click on an instrument of choice to see the graph (linear at D1 timeframe as default), which can be moved to check historical prices. It is possible to change the interval (from M1 to W1) and select one of the four available charting types.

Amongst the most interesting functionalities, traders can also explore the possibility of swipe trading. All one needs to do is enter the size of the transaction and then move the finger either to the right to see the asset or to the left to buy it.

Of course, it is also possible to set the parameter for each order more precisely by selecting the SELL or BUY buttons. After that, users can choose “market” or “pending” tabs, set the size of the positions, and use take profit or stop loss orders.

Deposit Funds in Cryptos of Fiat Currency

The SimpleFX mobile app allows its users to deposit funds in several different currencies. They can deposit funds in AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, IDR, JPY, LIT, PLN, RUB, SEK, and of course USD. However, a client will be required to verify personal account and provide detailed information to use fiat money.

The platform provides added flexibility by allowing users to include and operate multiple accounts, manage and transfer funds between them freely and switch from one account or another. This way, users can maintain constant control over their personal balances by compartmentalizing their funds, say one account for USD and another for Bitcoin.