Introduction
In this review, we will be discussing some of the key features of SimpleFX. Its main attraction being the support of crypto deposits and trading traditional markets with crypto. However we will delve into further details of the platform to establish its other unique features.
Trading Platform
The 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 offer traders a range of attractive tools. They include: real-time streaming quotes, multiple charting options, trading statistics, multiple graph viewing, graph oscillators, amongst many others.
Unique Cryptocurrency Account
The SimpleFX Unique Crypto Account emerges as one of the main attractions on the platform, for it excuses traders from submitting identity proof, which in turn which makes them completely anonymous. Additionally, the users of Unique Crypto 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. The Cryptocurrency Account accepts deposits in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Dash.
Trading Pairs
SimpleFX offers well over a 100 trading pairs in markets such Cryptocurrencies, International Indices, Commodites and Precious Metals, Forex, and Stocks from the U.S, Europe and Asian Stock Markets.
Features
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
- Leverage up to 1:500 (depending on the account balance)
- Newsfeed Built
- More than 100 Pairs
- Paper Trading
- Nice Web Based Trading Software
- MT4 Support
- Trollbox (Most essential feature of any exchange)
Customer Support
SimpleFX addresses customer support issues through a phone line as well as a support email. Customer support is done through English.
Conclusion
Overall, SimpleFX is an innovative trading platform. We particularly liked its seriousness towards Crypto. In addition to this, we also enjoyed the intuitiveness but simplistic nature of SimpleFX’s trading platform, The platform also supports hedging, which makes it a good spot to anchor long term investments or hedge your crypto in traditional markets.