SimpleFX is an established forex broker and cryptocurrency exchange catering to both beginner and more experienced forex and bitcoin traders. SimpleFX should appeal to bitcoin aficionados as they stay true to the promise of bitcoin, privacy and anonymity in the sense that anyone can open a live trading account at SimpleFX anonymously with simply an email address. No need to upload personal documents and wait days to have your account approved, you can literally be up and trading within 10 minutes.
For forex trading, SimpleFX acts as a no dealing desk broker, offering trading on 60 currency pairs and crosses, CFDs on numerous indices, precious metals/commodities, as well as several cryptocurrency crosses through both their own proprietary web-based trading platform and the popular MetaTrader 4 trading platform.
SimpleFX offers leverage up to 500:1 depending on your account size, meaning that yes, you can trade bitcoin at 500:1 leverage – something most exchanges won’t let you do!
The minimum trade size for forex pairs is 0.01 lots.
Spreads are floating from 0.8 on EUR/USD.
Deposits & Withdrawals
SimpleFX offers 15 different base currencies in which you can fund your bitcoin forex trading account. With bitcoin of course being the quickest funding method, which can then be converted to any currency of your choice once received. Withdrawals made in Bitcoin are usually processed within 24 hours, other fiat currencies take 3-7 days to be processed.
SimpleFX has NO MINIMUM deposit amount, you can start trading with as little as 0.01 BTC.
SimpleFX offers 2 desktop trading platforms, one being their web-based but full-featured proprietary trading platforms, the other being the MetaTrader 4 platform used and loved by forex traders for over a decade.
The web-based trading platform offers all of the same pairs as are available on MetaTrader 4, on/off buttons for 1-click trading and hedging capabilities and a shoutbox where you can interact with other traders.
The stable, reliable, and fast SimpleForex MT4 platform has everything that normally comes standard with MetaTrader 4, expert advisors for automated trading, 30+ custom technical indicators, and one of the fastest growing MT4 features, signals. With MetaTrader 4 signals SimpleFX clients can have professional traders manage the trading on their account.
SimpleFX has a solid offering to forex traders who want to fund their account in bitcoin, or for forex traders who may be barred from registering at other brokerages based on their geographic location. Their reputation for providing excellent customer service via email, bitcointalks forum, or livechat has proved popular with existing customers.