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, the platform gives crypto traders access to traditional markets through Litecoin. This opens a world of possibilities. People can have their Litecoin in traditional assets like Gold, Silver, Oil, or even indexes like the S&P500, all through Litecoin without the need for FIAT conversions. You buy 1LTC worth of gold and it rises 10% you now have 1.1LTC and don't miss the opportunity cost of LTC rising either. The lack of FIAT means there is no need for KYC or AML either. The platform also has support for BTC, BCH, ETH, and Dash if those are your cryptos of choice.
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
-Leverage up to 1:500 depending on account balance and trade pair
-Newsfeed Built in
-More than 100 Pairs
-Paper Trading
-Nice Web Based Trading Software
-MT4 Support
-Trollbox (Most essential feature of any exchange)
-Cryptocurrency support
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.