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SimpleFX Exchange Review: Is It Reliable and Safe to Invest?

SimpleFX Exchange Review: Is It Reliable and Safe to Invest?
SimpleFX Exchange Review: Is It Reliable and Safe to Invest?
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A SimpleFX It is a differentiated Exchange in the market, because it has a CFD business model, this gives traders the possibility to trade many assets in addition to cryptocurrencies. Therefore, it is also possible to trade stocks, forex, indices and commodities.

Trade cryptocurrencies, stocks, forex, indices and commodities

SimpleFX allows users to trade a very diverse selection of traditional financial assets. Traders can select stocks of companies, commodities, traders can choose commodities like gold, silver and others.

SimpleFX give traders more flexibility where they can buy and sell cryptocurrencies and other assets. Deposit and withdraw funds effortlessly and without limits. It is possible to trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and others.

Awards

It is possible to see that SimpleFX is a very awarded Exchange, according to the website the company has:

  • The best cryptocurrency trading platform: World Expo – Warsaw 2022
  • Rankia Awards: Best Mobile App 2020
  • The best trading platform: Finance World Expo – Zug 2019
  • Best Cryptocurrency Trading Platform: World Cryptocurrency Expo – Berlin 2018

SimpleFX platform

SimpleFX platform
SimpleFX platform

SimpleFX has the main mobile app versions available for iOS and Android platforms. SimpleFX's mobile app has a great tool for almost all types of users.

The platform has a simple and easy-to-use user interface, it has features such as:

  • Price chart: you can customize it with a wide variety of tools that will help you identify important patterns and settings. In addition to drawing on the chart, you can also add indicators that you like to use when trading, such as Bollinger bands, moving averages, RSI and many others.
  • Pending order: A pending order is opened when the conditions you have set as a target occur.
  • market order: There are two basic ways to buy or sell financial instruments using SimpleFX (or any other trading platform) – “on the market” or “on the edge”. Market orders are the fastest orders as you execute the trade at the current price, while placing limit orders you set a minimum or maximum price you want to sell or buy the instrument. In this tutorial, shows you how to place a market order.

Is SimpleFX a safe Exchange to use?

So far, we have not been able to find any cases where the security of crypto funds stored by SimpleFX has been compromised. However, we recommend not keeping a large amount of encryption on any centralized platform for long periods of time.

SimpleFX has adopted a regulatory framework compatible with the cryptocurrency market🇧🇷 However, Exchange does not provide services to citizens and residents of the United States or any country where such distribution or use would be contrary to local law or regulation.

SimpleFX deposit and withdrawal

The SimpleFX platform supports the main cryptocurrencies on the market such as Bitcoin, Ethereum, Monero, Chainlink and Litecoin and others. The platform also supports popular stablecoins. USDT and USDC. In the case of using fiduciary currency deposits, the platform supports FasaPay, Skrill and Neteller.

Deposits are absolutely free for SimpleFX users. The minimum deposit at SimpleFX is just $1. The exchange charges a very small amount of 0,00005 BTC for withdrawing in Bitcoin, which is far below the cryptocurrency market standard. You can see the full fee structure for each individual cryptocurrency here.

SimpleFX Bonus

SimpleFX always has new promotions to keep its users engaged. For example at the time of publishing this article you have the $4.500 Cashback August bonus.

You can receive a one-time bonus for a single deposit made after 8:00 UTC on April 26, 2021. The bonus is credited instantly and you can trade with it. The size of your first deposit counts. for more information go to link:

  • $20 for $100 or more
  • $50 for $250 or more
  • $100 for $500 or more
  • $500 for $2.000 or more
  • $2.500 for $10.000 or more

Conclusion

SimpleFX Exchange has a simple and easy-to-use trading platform that can be of interest to any type of cryptocurrency users, whether beginner or advanced. The platform supports the main cryptocurrencies on the market and even allows the trading of Bitcoin, Ethereum, Tesla, NDX100, USOIL and more.

Cryptocurrency deposits and withdrawals at SimpleFX are free and are processed within minutes. The platform offers all the sophisticated auto trading solutions you can use with a super secure and simple API manager.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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