Review of the SimpleFX platform
Minimum Deposit: $0
The owner: SimpleFX Ltd
Bitcoin, Bitcoin Cash, Dash, Ethereum, Litecoin payments: Yes
In this review, we will be discussing some of the key features of SimpleFX. SimpleFX aims at being the easiest CFD trading tool, perfect for the beginners. They offer a wide range of instruments, a handy and secure API manager that opens new opportunities for advanced traders, as well as an attractive referral program managed by a 3rd party real-time affiliate software. In this review, we will be discussing some of the key features and verifying if what the company claims is true.
SimpleFX wants to deliver a fast, reliable, multi-device tool for both novice and experienced traders when it comes to offering trading apps. The broker offers everything from native Android and iOS apps to proven desktop solutions like MetaTrader 4. However, the company’s flagship product is the award-winning SimpleFX WebTrader app, which has been recently relaunched in a completely new look and indeed provides a smooth and intuitive trading experience. With a mobile-first design and one-tap quick trading feature, it has the best look-and-feel among the contemporary CFD trading solutions.
All the trading applications offer traders a range of attractive tools. They include real-time streaming quotes, API, multiple charting options, direct deposit buttons, trading statistics, multiple graph viewing, graph oscillators, amongst many other features.
SimpleFX backs its mission with the account features. To make CFD trading accessible they not only offer fully functional demo accounts in many base currencies (including crypto) but also live accounts with no minimum deposit and Negative Balance Protection. You will find many fast, secure ways to transfer your funds to and from a SimpleFX account – from Skrill, Neteller, Dash or Ethereum, to local banks and service providers.
Here are some examples of SimpleFX accounts.
Unique Cryptocurrency Account
The SimpleFX’s Unique Multi-Currency Account emerges as one of the main attractions on the platform. The users of Unique Bitcoin Account are given certain exemptions, such as no minimum deposit, as well as zero charges for deposits, leverage from 1:2 to 1:500 and a 24⁄7 open market.
SimpleFX’s Standard Account comes handier to traders who wish to trade in traditional currency markets, covering currencies such as AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, JPY, NOK, PLN, RUB, SEK, and the USD. It includes traditional payment services like Neteller, Skrill, Rapid Transfer by Skrill and FasaPay.
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;
- Top liquidity;
- Leverage up to 1:500 (depending on the account balance);
- More than 150 symbols;
- Cryptocurrency Instruments including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple;
- Indices, Oil and Metal Assets;
- Attractive referral model with up to 40% revenue share;
- Transparent third-party real-time affiliate tracking software;
- Trading Ideas a captivating social trading feature that allows the users to share their opinion on cryptocurrency, stock or forex trends,
- A content website with a dedicated editorial team that provides online courses, classes, and tutorials, as well as news and analysis useful for day traders.
SimpleFX addresses customer inquiries through a dedicated cell via email, ticket system 24⁄7. The broker provides its customer support in English, Spanish and Portuguese.
Overall, SimpleFX fulfills the promise. At the moment it is the easiest trading tool available. The SimpleFX WebTrader looks and feels great on every device we tested it on (desktop, Android and iOS), and the API manager opens all the sophisticated features for advanced traders. The spreads and accounts are attractive, while the wide range of money transfer services outscores the competition. We also enjoyed the intuitiveness of SimpleFX WebTrader and ability to execute scalp trades. The platform also supports hedging, which makes it a good spot to anchor long-term investments.