Personally, the world just keeps getting better by the day. Lately, I’ve been exposed to a lot of awesome projects and this post will look at one of them which got my attention.
The different trading options offered by this platform are the main reason I am in love with it. Unlike your normal cryptocurrency exchange, this platform gives you the privilege of trading not only cryptocurrencies but also stock indices, forex and commodities. It is actually the first platform I know that allows a user to kill multiple birds with one stone.
I know this awesome platform as SimpleFX.
This post will run a comprehensive review of the SimpleFX platform. The key points that I will look at as far as this platform is concerned include:
- The definition of the platform.
- Why use the platform.
- How to get started and some basic tutorials.
- Components and features of the platform.
- Advantages of the platform.
- Disadvantages of the platform.
I might divide this post into two depending on the length of the post.
Without wasting anymore of your time, let’s get started.
What is SimpleFX Platform?
I may define SimpleFX platform as a platform that enables its users to make trades on both cryptocurrencies and forex on one platform. The platform also allows its users to deal with stock indices and commodities.
According to our source, SimpleFX has been on top of the game and even won an award back in 2017 as the best cryptocurrency exchange platform of the year (2017).
To further prove its dominance, SimpleFX platform is being used in about 160 countries and has a customer base of over 200,000 traders.
To further break it down, their official site defines SimpleFX as “a robust online trading provider, offering trading with Forex CFDs on Bitcoins, Litecoins, indices, precious metals and energy.”
The name ‘Simple’ came as a result of the company’s mission of keeping its offer and trading conditions simple and transparent. Another factor is their company’s motto is “Keep it simple!”
From the many positive testimonies of trades, I can deduce it that the SimpleFX WebTrader is the simplest and the most powerful online trading tool. Fast, reliable, designed and optimized for every device, easy-to-pickup for beginners yet with unlimited advanced trading features thanks to an intuitive and secure API manager.
Why use the SimpleFX platform?
There are many reasons why you should switch to the SimpleFX platform, I will be looking at just two in this section while the rest will be considered at the ‘advantages’ section.
Ability to Multi Trade
This is one of the main advantages of this platform. It is rare to see a platform that gives its users the ability to trade both forex and cryptocurrencies. The availability of these other options further broadens the possibilities of earning more by switching to any of the trades that look more profitable at any given time. This multi-trade has also made it possible for withdrawals to be in different ways and I’ll talk more on this under the withdrawal section.
Demo Trading
Many people lose a lot of cash because of ignorance and lack of proper learning. Most of the exchanges out there only give users the ability to trade with real cash without considering if they really understand how to use or make the right trades. SimpleFX is different from the rest. They care about their customers and that’s why they have a demo mode that helps the customer to learn and understand the platform better before using real cash. The demo accounts help you make trades with the money provided for you by SimpleFX.
Conclusion
SimpleFX has the customers at heart and that is a major turn on for me.
While waiting for the concluding part of this post, you can register on the website, download the mobile app and start engaging the site. Links to the site and mobile site are available in the link section.
I expect you to check out the SimpleFX platform at the end of this series.
Disclaimer: The views expressed in this article are entirely my view and do not reflect the mind or view of anyone else.
Resources
I wrote this post and all its contents based on my experience, research, knowledge, and personal use of the SimpleFX platform.
Most images are from my usage screenshots, and I provided links to all external images where applicable.
Links and References
Link to the Official website: https://simplefx.com/
Link to the Android App: https://play.google.com/store/apps/details?id=com.simplefx.app
Link to the IOS App: https://simplefx.com/ios
Link to the twitter handle: https://twitter.com/SimpleFXcom