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SimpleFX, a forex and cryptocurrency CFD broker platform, has recently announced API Trading for its Beta WebTrader platform. Known for its robust and easy-to-use online trading ecosystem, SimpleFX’s announcement regarding the launch of its API for the beta WebTrader platform is being received as a great news by the investor community.
The Background
SimpleFX has emerged as one of the most successful and popular crypto trading platforms that cater to the diverse needs of traders. SimpleFX is a multi-platform online brokerage available on iOS and Android apps, Mobile and Desktop web browser platform along with MetaTrader4 support.
In addition, SimpleFX has recently launched its proprietary BETA WebTrader platform which provides a smooth and intuitive trading experience to the users. It sports a completely new design, remodeled trading engine, faster loading time, and instant pricing updates to make the trading experience both interesting, enjoyable and much more efficient than ever before.
Why API Trading?
The API will be available on SimpleFX BETA WebTrader platform at app.simplefx.com. The purpose of the API (Application Programming Interface) is to help users effectively manage their positions. With the help of this feature, the traders will be able to open or close trades, track accounts, check instruments, know prices and trading trends and be updated of the latest trading happenings.
Through API Trading, the trading experience will be enhanced, with reduced latency and maximized functionality. The launch of the API trading will help SimpleFX to be an effective platform both for the institutional customers as well as high-profile forex and cryptocurrency traders who trade frequently on such communication protocol.
Core Features
Advanced trade opening is possible with API. With one click, users will be able to open multiple trades on multiple instruments at the same time. They are offered with more sophisticated entry conditions. Orders can be activated after a set time, with specified price change and many more exclusive features to be explored. The built-in indicators serve as a source of providing more comprehensive market analysis while users can also customize this feature at the same time.
SimpleFX’s API Trading Manages Risk & Keeps You Ahead of the Market
When it comes to trading, especially crypto assets, security is a key concern, but the risk management protocol of SimpleFX’s API manages it well. With this API, users will be able to preview the risk of new and existing trades, while monitoring the markets and sending an alert when anything important happens.
The Upcoming Upgrades
Right now, the SimpleFX team is working on adding more intricate features, including sample codes, real case studies, and documentation, so we would advise you to stay tuned and keep visiting https://simplefx.com for the official SimpleFX API announcement date!
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