SimpleFX is one of the top trading platforms in the crypto space. In this review, we will cover the main features of the exchange, how to use it, supported cryptocurrencies, available countries, fees, security, and many other interesting details.
SimpleFX prides itself on the simplicity of its interface for CFD trading. CFDs can be traded in many assets, including cryptocurrencies. Trades can be carried out using any device, be it a computer or mobile. There is no minimum deposit, which makes it a stage for everyone to participate, no matter how small the position.
Accounts at SimpleFX support multiple currencies, meaning you can have a portfolio with several different cryptocurrencies. They also offer one of the largest leverages for trading at 1:500. It is very easy to make deposits and withdrawals on the platform with the long list of cryptocurrencies available.
One of the most important things about this exchange is its generous affiliate app. This App pays affiliates 25percent of their referral deposits through a transparent rewards system. In addition, there is third-party affiliate software with which users can track all transaction statistics in real-time. Learn more about their affiliate system on the official website.
Supported Currencies and Available Countries
There are 200 tradable assets, which include 15 crypto pairs, 99 stocks, 57 forex pairs, and more. It should be noted that the supported cryptocurrencies are some of the most popular on the market, such as Bitcoin, Bitcoin Cash, bitcoin forex trading, and Ethereum. SimpleFX trading services are available in most countries of the world, except for the United States and some other countries that violate local regulations.
User Interface and Experience
SimpleFX strives to make trading as easy as possible. That’s why the user interface on all devices has been designed for easy navigation. There are different options for this. You can use the internet trading platform given in our SimpleFX review as an example, or you can choose the computer background stage, which is the application you need to install on your computer. The mobile trading platform is also an app, but they all work the same way.
To start your experience using this stage, you can click on the “New Order” button at the bottom left, next to the “Deposit” button. You will see a window appear for you to place a trade, be it a sell or buy order. Set your make the most and stop reduction, then click “Submit” as shown below, and your trade is active.
Cease reduction is the price at which the system will automatically stop your trade to minimize your losses if the market goes against your trade. Use profit is the price at which the system also stops trading but in the direction of your trade and keeps your profit before a trend reversal occurs.
After trading, you can also easily withdraw your profit in the same asset that you used to make the deposit.
How to Use SimpleFX
So you know a lot about SimpleFX, but how can you use it to trade? The first step is to create an account. On the landing page of the SimpleFX.com site, click “Start trading,” and it will take you to the registration page. In the top right corner, you will find the “Create Account” and “Sign In” buttons. Click the first one, and you will get to a page like the one below.
You will then have to provide your email address and create a password. Alternatively, you can also log in with your Facebook, Google, Twitter, Instagram, and Telegram accounts.
To start trading, you need to make a deposit using one of the supported cryptocurrencies. As soon as you register, a “deposit” page will appear as shown below.
There are many other cryptocurrencies listed. Just use the slider to scroll down to find it and select the one you want to deposit. Other deposit methods, such as FasaPay, Netteller, and Skrill are also available. There is no minimum deposit, so you can start from any degree you choose.
SimpleFX Review: Fees
There are no deposit and withdrawal fees for cryptocurrencies at SimpleFX. There are only swap and dispersion fees as well as for withdrawal operators. They also charge an inactivity fee, which is 3 percent upon withdrawal of deposits made on the exchange and not used for trading.
Security and Regulation
SimpleFX is a legally recognized and regulated trading platform. This company was funded fish by the registrar of international business companies. It has the legal entity identification number 21380042B8QJ87V4HA89. This means it is safe and reliable to trade, as the company is fully regulated to ensure your safety.
Customer Support and Reputation
The main component of this SimpleFX review is customer support, as there is an entire section dedicated to Frequently Asked Questions (FAQs). It is so comprehensive that almost any question you may have can be answered there. In addition, there is a dedicated email address to contact the support team if a customer needs assistance. In this way, all problems can be resolved as quickly as possible.
There’s also a live chat option, which some customers say is the best they’ve ever used. Other customers praised the support on the stage in general. In addition, there are several other positive reviews, which show that traders with little experience can make profitable trades on the exchange.
SimpleFX Review: Verdict
This SimpleFX review shows that the exchange is indeed simple and allows almost anyone to trade and make money. The affiliate app is a plus and quite cheap compared to platforms.
Moreover, not charging fees for crypto deposits and withdrawals is a commendable gesture that will encourage traders to trade many times a day. The reputation of any trading platform relies heavily on customer support and based on this, it can be called the best cryptocurrency exchange.
Note: The information in this article and the links provided are for general information purposes only and should not constitute financial or investment advice of any kind. We advise you to do your research or consult a professional before making any financial decisions. Please state that we are not responsible for any loss caused by any information contained on this website.