There are many platforms where one can trade bitcoin and other currencies. SimpleFx is one such platform that allows its users to do just the same in a rather convenient and flexible manner. It all takes one visit to their platform to experience their distinctiveness from similar Bitcoin trading platforms.
For starters, opening an account on SimpleFx doesn’t cost a penny. Yes, you read it right! The minimum account size is $0 and traders can operate their account in USD, GBP, Swiss Francs, Canadian Dollar and Euros. It also offers an additional bitcoin account for those who are interested to trade bitcoin on the platform.
Opening an account on SimpleFx
Opening a cryptocurrency account on SimpleFx gets even simpler, as the platform allows its users to create anonymous bitcoin accounts. New users can literally start trading bitcoin on SimpleFx within minutes, without requiring to submit any proof of identity or residence for the same.
SimpleFx also impresses huge when it comes to offering the most diverse collection of trading instruments. The broker offers one of the highest in-demand crypto-fiat pairs, including BTCUSD, BTCEUR, BTCCNY, BTCJPY, LTCUSD, LTCEUR, LTCCNY and LTCJPY.
Other trading instruments available on SimpleFx includes over 60 currency pairs, indices, energy and precious metals. SimpleFx is registered at Saint Vincent and the Grenadines in the Caribbean and it has been operational since 2014. Traders on SimpleFx can open up to 5 live trading accounts — and about the same number of demo accounts. In case of Bitcoin, it allows two trading accounts – one Bitcoin trading account and a standard account. Trades can be carried out either on web based trade engine or with MetaTrader 4. In addition to the web platform, SimpleFx is also available as Android and iOS mobile applications for those who would like to trade while on-the-go.
This highly flexible platform allows users to choose between a variety of payment options for depositing and withdrawing funds. Some of the payment options available on the platform includes regular bank transfer, credit card payments, Qiwi Wallet, Moneta.ru, WebMoney, Neteller, Skrill and Bitcoin.
There is a minor difference between trading bitcoin and other currencies/assets. Bitcoin market is open 24/7 and offers a leverage of anywhere between 1:100 to 1:500. For regular currencies, the minimum transaction volume is 0.1 lots and for commodities it is 1 lot. Traders can implement their hedging and scalping strategies on the platform.
Training and Support
Novice traders can gain enough knowledge about trading and operating the platform by making use of the resources available on SimpleFx’s ‘Intro and Education’ section. At any time during the trade or after executing trade if there is an issue, the live support feature on the website will come in handy. Traders can reach the customer support over chat or by raising a ticket on the website.
In a nutshell, SimpleFx is better from other similar trading platforms in terms of minimum deposit, anonymous bitcoin trading account and the simplicity of design. Testimonials from users on trading and bitcoin forums stands as proof.