Bitcoin and Forex trading are a fad now and why not, especially with platforms like SimpleFX readily accessible to people across the world. People find trading with bitcoin more lucrative, mainly due to its price volatility. Bitcoin prices keep fluctuating, sometimes in terms of tens of dollars in less than a couple of hours. Such fluctuation means, traders can make more profits, in a short time.
Earlier, people could trade bitcoin only on few dedicated cryptocurrency trading platforms and exchanges. But not anymore, as many forex trading platforms have added bitcoin as one of the tradable assets on their platforms. SimpleFX is one such platform that offers many tradable currency pairs along with bitcoin. SimpleFX is a neatly designed platform with a simple, user-friendly interface. The platform is available on the web and mobile platforms.
Traders on SimpleFX can either use the web interface on their desktops and laptops or opt for the MetaTrader 4 dashboard for trading. MetaTrader 4 is one of the leading white labelled forex trading platform used by many forex trading websites. Developed by Metaquotes Software Corporation, MetaTrader 4 is available on multiple platforms including Windows, Mac OS X, Linux, iOS and Android. Apart from forex trading, MetaTrader 4 also allows users to analyze the market and receive advice from experts. Like many other platforms, SimpleFX also offers MetaTrader 4 as an addition option mainly due to two different reasons. MetaTrader 4 is a well-known platform and many forex traders are not just familiar with it but they prefer using it over any custom trading platform offered by forex websites. MetaTrader 4 also solves the device compatibility issues.
The mobile version of MetaTrader 4 works flawlessly with Android and iOS devices and it is easier for forex trading platforms to offer MetaTrader 4 as a mobile option than creating a custom mobile trading app from scratch. Metaquotes Software Corporation also offers MetaTrader 5, a more improved iteration of MetaTrader 4. But traders still prefer to use the older MetaTrader 4 instead of MetaTrader 5.
In addition to the MetaTrader 4, SimpleFX is among those platforms that are known to offer fast execution. SimpleFX is able to offer fast executions and low latency by making use of some of the best backend systems. The LD4 Equinix servers in London are mostly responsible for SimpleFX’s fast executions. While LD4 Equinix ensures the speed, the platform adopts a transparent approach where the company doesn’t indulge in trading desk practices. It also means that the traders are always presented with real-time rates and percentage calculated according to it.
Bitcoin traders on MetaTrader have another added advantage. The company encourages people from the bitcoin community to take part in bitcoin trading by offering anonymous bitcoin trading account. These anonymous trading accounts do not collect any personal or banking information of its clients and users. By doing so, the company maintains the privacy of those users, for which it gains extra brownie points.
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