The simplicity with which cryptocurrencies may be transferred is one of the reasons for its rapid growth. Without the requirement of a service provider or a mediator you can trade altcoins. The worth of cryptocurrencies is an additional factor that individuals get interested in. If you are looking for an exchange where you have many options to trade and do passive earning then SimpleFX is the one for you.
SimpleFX Exchange offers a wide range of products and services over 190 countries with maximum leverage of 1:1000. The platform offers different kinds of deposit/withdrawal methods, a variety of crypto-to-fiat and crypto-to-crypto trading pairs. It has a dashboard with ample trading options and an understandable interface.
Let us look into one of the detailed review of SimpleFX features, security, trading guides, and more.
|Official Web Address||https://simplefx.com/|
|Headquarters||St. Vincent and the Grenadines.|
|Trading Options||Cryptocurrencies, Stock, Indices, Forex.|
|Trading fees||No fees, only spreads.|
|Deposit methods||Crypto wallets, fasapay, Netteler, and Skrill.|
|Deposit fees||No fees|
|Withdrawal methods||Crypto wallets, fasapay, Netteler, and Skrill.|
|Withdrawal fees||Depends on the currency|
|Restricted countries||Algeria, Belgium, The Bahamas, Botswana, Cambodia, and more.|
|Supported Fiat currencies||18|
|Mobile App||Google play, App store.|
|Customer Support||Email, FAQ, 24/7 Live chat.|
Launched in 2014, SimpleFX is a Caribbean based exchange, headquartered in St. Vincent and the Grenadines. The Registrar of International Business Companies has incorporated St. Vincent and the Grenadines as an IBC.
Although the cryptocurrency industry is becoming crowded in certain areas of the globe, the truly diversified marketplace offers a diverse range of cryptocurrency pairings for exchanging throughout Forex. It’s rare to find an unrestricted trading service with so many features and so simple availability.
SimpleFX is a centralized cryptocurrency exchange where you can trade over 77 assets on the platform including Bitcoin, Ethereum, Apple, OIL, GOLD, SPX500, GBPUSD, etc.
SimpleFX exchange distinguishes it from most other trading services in the space by allowing users to trade over several currency marketplaces and providing a straightforward, convenient interface that is accessible on mobile and desktop devices.
SimpleFX also enables the transaction of forex, crypto, stocks, and commodity markets, giving access to hundreds of tradable products in addition to cryptocurrencies and fiat currencies.
SimpleFX is the quickest and therefore simplest trading desk accessible. It is indeed easy to monitor while yet offering all of the highly automated investing options you’d expect from a very secure and basic API administrator.
SimpleFX exchange offers quick and reliable transactions, with no investment limits, leverage upto to 1:1000, trade 24/7, spreads form 0.1, and no trade commissions charged. All MetaTrader 4 brokers can trade signals with each other. Join in along with Facebook in a flash. To try the website, there is no need to register.
Yes, SimpleFX is a safe and secure cryptocurrency exchange platform. SimpleFX exchange offers Negative Balance Protection to safeguard the trade and give you a level of security.
That’s a function which enables them to stop trade activities in terms of protecting your account online if it goes into minus numbers.
You may enable two-factor authentication for further protection, and most users’ funds are held in reputable banks and financial institutions. To prevent unwanted access, the system is encrypted.
SimpleFX Exchange does not charge any fee for registration and deposits. It charges an inactivity fee of 3%. The withdrawal fee depends on the cryptocurrency you want to trade.
For example: 0.2 ADA, 0.015 ATOM, 0.0002 BNB, 0.1 BUSD, 0.00005 BTC, 0.0003 BCH, 0.001 DASH, 2 DOGE, 0.008 DOT, etc.
Fiat currency withdrawal fee depends on the payment partner, like fasapay charges a withdrawal fee of 1%, and 3% Neteller and Skrill.
Simple FX charges a spread fee for indices such as the FTSE 100, which have spreads of roughly 1.3 pips, LTCUSD – 0.03, Oil – 0.06, DJI – 3, USDJPY – 0.009, GBPUSD – 0.00012, and BTCUSD – 4.05.
The majority of spreads are in accordance with market norms, and in certain instances are considerably less. Spreads on the EUR/USD average at 0.9 pips, while spreads on gold are around 1.5 pips, the fee varies and depends on the indices.
As of May 2022, SimpleFX Exchange supports 77 assets and 70+ trading pairs. Some of the major cryptocurrencies include:
Some of the trading pairs include:
Supported Fiat currencies:
SimpleFX operates over 160+ countries world-wide except the following countries:
Algeria, Belgium, The Bahamas, Botswana, Cambodia, Cuba, Ecuador, Ethiopia, Ghana, Iran, Monaco, Myanmar, North Korea, Pakistan, Poland, Saint Vincent and the Grenadines, Panama, Sri Lanka, Syrian Arab Republic, Trinidad and Tobago, Tunisia, United States, and Yemen.
Having specialized software for every system just attracts a lot of users, who really can benefit from a professionally created application which maximizes the capabilities of the gadgets whilst providing a speedy and smooth customer experience.
According to trustpilot reviews there are 4 reviews and based on SimpleFX is a reliable platform to trade, the platform closed positions abruptly, instant withdrawals, no limits for deposits, demo-accounts are useful, lost all the money invested, etc.
|Total Trust score||8/10|
Prices on demo accounts are identical to those on live accounts.
SimpleFX is an innovative internet trading platform. Trade in Forex, cryptocurrencies, indices, precious metals, and commodities using either fiat money or cryptocurrency. Assured to be the finest trip!
Yes. Feel free to visit the SimpleFX platform’s Help Center -> Video Tutorials.
Withdrawals by wire transfer might take up to three days. Withdrawals made using electronic payment methods, bank cards, and cryptocurrency are completed within 24 hours. Withdrawal requests submitted on weekends will be handled the following Monday.
Yes, SimpleFX takes extra care to guarantee that our system is secure, and they regularly monitor the system for any illegal behavior.
To access MT4, enter the SimpleFX user id as well as the password previously utilized to sign in to the webtrader.
Yes. You have the option of opening an account in one of 18 different hard currencies.
SimpleFX is a fantastic tool for people who wish to try out a variety of trading strategies. It offers a user-friendly interface that both professionals and newbies may use. The platform has the greatest features and low costs, therefore it’s easy to suggest it to other traders. Trading view also provides interactive trading charts. You can earn by sharing your trading ideas on the platform, which can add to another source of income. It has a number of tracking features for you to keep track of your trades. SimpleFX may also be found on YouTube, Tiktok, Twitter, Facebook, and Telegram.
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