SimpleFX is a recognized exchange that creates a dynamic trading experience for different merchants in the worlds of Cryptocurrency, Forex and indices. It is equipped with advanced trading tools such as WebTrader, MetaTrader 4, and automated API manager to take your trading experience to the next level.
The emergence of Cryptocurrency has revolutionized traditional FX trading. Many firms have jumped onto the boat to create numerous services on Blockchain technology. We have massive exchanges that merge both Cryptocurrency and FX trading. Not many of them have the required tools to aid trading and give priority support to their users. SimpleFX is an award-winning exchange that combines Cryptocurrency, Foreign Exchange and Indices markets together to create a wide range of trading opportunities.
In my previous post, we discussed how SimpleFX agglomerates Cryptocurrency and FX to revolutionize the traditional FX trading. In this post, we shall be looking into some exclusive features of SimpleFX and the various ways to get our funds in and out of the platform.
Mobile Trading
We are living in a world where we can do almost anything on our handheld devices. We do not need to move around with our laptop so as to monitor our portfolios and perform trading activities anymore. SimpleFX offers a mobile app that serves its users on both Android and iOS devices. With this application, you can trade FX, cryptocurrency, and/or indices at a click. You get to monitor your portfolio and access live charts easily. As well, you can chat with experienced traders and learn more about the highly lucrative worlds of cryptocurrency and FX.
Diverse Trading Pairs
SimpleFX offers diverse trading pairs which ranges among crypto/crypto, crypto/fiat, fiat/crypto, fiat/fiat, crypto/indices, indices/crypto, fiat/indices, indices/fiat and indices/indices. Unlike other top exchanges that we are familiar with, SimpleFX offers various fiat currencies trading options. Take for instance; you can trade BTC for more than 15 fiat currencies. You just need to customize your preference to suit your trading activities and get charts in real time.
Various Withdrawal and Deposit Methods
SimpleFX provides various deposit and withdrawal options for merchants to choose from. This ensures easy and dynamic channels through which we can get our funds in and out of the platform. The available methods through which we can deposit and withdraw from SimpleFX are the use of Cryptocurrency, Credit cards, Fasapay, Neteller, Skrill, Local payments, Wire transfer and MegaTransfer.
Cryptocurrency
You can deposit funds on SimpleFX using your digital assets from other wallets and exchanges. Simply transfer the accepted cryptocurrency token(s) from the other end to your SimpleFX account and start trading. The accepted cryptocurrency tokens are BTC, BCH, LTC, ETH, DASH, ETC and Monero. This method has no minimum or maximum deposit/withdrawal limits and incurs no transaction fees. As well, it only takes a maximum of an hour for the deposit to reflect in your SimpleFX account.
Credit Cards
Among the things that make cryptocurrency spending easy are credit cards. Different exchanges have leveraged on this to give crypto enthusiasts an easy way to spend their assets. SimpleFX also allows fiat deposits through the use of credit cards. This method incurs no fees and deposit reflects in the depositor’s account instantly. The minimum you can deposit through this method is $10 while the maximum is $4,000. Accepted currencies through this method are USD, GBP, EUR, JPY, CNY and RUB.
Fasapay
This is one of the best deposit/withdrawal methods on SimpleFX. Although it is not as popular as the use of credit cards and requires separate authentication, it has some exclusive advantages. This method has no minimum or maximum deposit requirement and attracts no fees. This means you can deposit any amount you wish using this method. This method, however, only accepts USD and IDR.
Neteller
The next payment option available on SimpleFX is the Neteller. This is an e-money transfer service that allows traders to transfer fiat currencies through the internet. Although there is no maximum deposit for this option, you cannot deposit less than $20. Transactions with this method attract no fees on SimpleFX. The accepted currencies are USD, GBP, EUR, JPY, NOK, AUD, CAD, CHF, DKK, PLD, SEK and RUB. If you are transferring other currencies that are not listed here, you will be required to first exchange them to the accepted ones. Obviously, this may attract extra fees.
Skrill
Skrill is much like Neteller as the two have almost the same features. Skrill is used by online merchants to transfer money for trading. The minimum you can deposit through this channel is $20 although there is no maximum limit. The accepted currencies by this payment method are USD, GBP, EUR, CAD, AUD, CHF, JPY, NOK, PLN, SEK and RUB.
Local payments
There is not much to say about this payment method. You just need a service of a gateway through which you can transfer money into your SimpleFX account securely. You can only transfer within $10 and $3,000 using this method. What is more, USD and BRL are the only currencies that you can transfer to your SimpleFX account using this method. Other currencies need to be exchanged to either of these two before you can deposit them into your SimpleFX account.
Wire transfer
This method of electronic funds transfer is also accepted on SimpleFX. It has no minimum deposit limit and attracts no fees. You can only deposit up to $30,000 using Wire transfer on SimpleFX. Accepted currencies are GBP, EUR, CAD, AUD and PLN.
MegaTransfer
MegaTransfer is a well-known money transfer firm that allows people to transfer and receive funds anywhere across the globe. This payment method is available on SimpleFX and incurs no fees. You can use it to deposit or withdraw between $10 and $4,000 at a go. Accepted currencies are USD, GBP, EUR, JPY, CNY and RUB.
Departing thoughts
There is so much to leverage upon on SimpleFX. Create the account now and explore other possibilities and features.
Links and References
DISCLAIMER
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.