SimpleFX is an online trading company based in Kingstown, Saint Vincent and the Grenadines.The system is not concentrated on any specific market, but it runs under the legislation of the United Kingdom.
It is a robust online trading provider, offering trading with Forex CFDs on Bitcoins, Litecoins, indices, precious metals and electricity. It is among the top trading platforms for cryptocurrency users as it features a total of 60 currency pairs.
Establishing an account is very easy, you can either enroll through social login or with an email address. SimpleFX understands the demand for anonymity and enables allow fully anonymous trading for Bitcoin. The company provides for special accounts called Specific Bitcoin Account. These accounts provide users with specific exemptions, like a zero deposit feature, as well as zero cost for withdrawals and deposits, leverage out of 1:2 to 1:500 and a 24/7 open marketplace, in addition to complete anonymity.
SimpleFX is a good choice for short-term cryptocurrency investors, needing to take advantage of the market volatility, with no need to confirm their identity or pay any fees. Long-term places are billed usurious swap prices, making it unviable for any serious trading.
There are various features like market news, opinion data and an assortment of tools for specialized analysis along with a chat for community support by which dealers can meet and follow each other, which the platform offers to help traders make better trading decisions. There are many other professional features available at SimpleFX including margin trading, leveraging, stop loss.
Security comes in various levels. 2FA may be configured to include another layer of protection to client accounts. Bitcoin funds are stored in cold pockets, with more than 10 percent of their total BTC held by SimpleFX within their wallet at any time. SimpleFX lets traders have a completely free hand by allowing them to add any particular tool to their favorites. It also supports them farther by making available all the appropriate info regarding CFD or currency pairs, including swap rates if applicable, contract sizes, margin requirements and much more.
As bitcoiners use forex market to protect themselves from bitcoin volatility, there are many forex brokers that deal from cryptos. Nevertheless, it has been SimpleFX‘s specialist trading environment and the largest leverage option available on the market, which makes it the primary option for the majority of the traders dealing in cryptocurrency.