[ANN] SimpleFX.com - forex broker with BTC and LTC crosses and 1:500 leverage

[SimpleFX]

Dear Traders,

I'm SimpleFX official representative. I would like to present you with our offer.
simplefx.com

Account options:

• No minimal deposit/ no charge for deposit/ high leverage from 1:2 to 1:500/ market is open 24/7
• Standard account AUD, BCH, BTC, BRL, CAD, CHF, CNY, CZK, DASH, DKK, ETC, ETH, EUR, GBP, IDR, INR, JPY, LINK, LTC, MYR, NOK, PLN, RUB, SEK, SGD, THB, USDC, USD, USDT, XMR, ZAR
• Deposit/withdrawal options: Bank Transfer, Credit Cards, FasaPay, Neteller, Skrill, Directa24 local quick payments, Bitcoin, Bitcoin Cash, Chainlink, DASH, Ethereum, Ethereum Classic, Litecoin, Monero, Tether ERC20, Tether Omni, USDCoin
• No minimum deposit

Trading conditions:

• Ultra low market spreads
• The minimum trade size depends on the symbol you want to trade on. For most of our symbols, it's 0.01 lots, however, the minimum for equities is 1 lots
• Market execution
• No Dealing Desk
• No delays
• No rejections
• No requotes
• Top liquidity providers

Leverage:

• 1:2 – 1:500
• Depends on the account balance

Instruments:

• Bitcoin and Litecoin – BTCUSD, LTCUSD
• Cardano, Bitcoin Cash ABC, Binance Coin, Polkadot, EOS, Ethereum Classic, Ethereum, Chainlink, NEO, Waves, Tezos, yearn.finance, Zcash
• More than 60 currency pairs
• Indices
• Commodities: NATURALGAS, UKOIL, USOIL
• Precious metals XAG, XAU
• Equities from the following countries: US, Japan, UK, France, Sweden, Germany, Turkey, Brazil

Access to trading account:

• Simple and ergonomic WebTrader platform
• MetaTrader4 platform for PC and mobile
• Our own iOS and Android apps

Bonus program for new customers – more info soon.

I will be glad to answer your questions,
SimpleFX Customer Service


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[Relictus]

1:100/500 for btc pairs? Isn't that tad too risky?

[SimpleFX]

It is the highest leverage that we offer. It is up to our clients how big positions will they open and how tey use this leverage. We are just giving them an option. And of course bigger position equals bigger profit or loss. It is important to know the risk and to have a strategy before you start trading.

[Relictus]

It's just with the volatility of bitcoin 1:100 might as well mean instant margin call, not to mention 1:500. Ouch.
Do you provide sufficient liquidity to support such leverage? What happens if the market makes an extreme move will you follow Alpari's bankruptcy?

Regardless, good luck with your venture. And courage to those who would risk it at 1:500.

[alani123]

Seems interesting at first glance. Keeping an eye out to see how it goes.

[SimpleFX]

We use biggest Bitcoin exchanges as our liquidity providers and I think this is our advantage - liquidity from few exchanges in one place. We are also a forex broker and bitcoin accounts are just a small part of our offer.

[SimpleFX]

Recently we have updated our Webtrader platform with new functionalities. Feel free to test it with no registration.

www.simplefx.com

[SimpleFX]

We are happy to announce new deposit and withdrawal methods. Our offer is being constantly improved and we encourage our customers to share their opinions and suggestions with us. So what other payment methods would you like to see in our offer?

[fuzzbuzz]

We use biggest Bitcoin exchanges as our liquidity providers and I think this is our advantage - liquidity from few exchanges in one place. We are also a forex broker and bitcoin accounts are just a small part of our offer.

If you use the biggest bitcoin exchanges for liquidity wouldn't the spread be small?
Your prices below

Ask at 246.52
Bid at 245.14
Spread =  1.38 USD

Bitstamp spread about 0.03 USD - https://bitcoinwisdom.com/markets/bitstamp/btcusd
BTCE spread about 0.10 - 0.50 USD - https://bitcoinwisdom.com/markets/btce/btcusd
Bitfinex spread at 0.01USD - https://bitcoinwisdom.com/markets/bitfinex/btcusd

That would imply you have a poor liquidity connection and you are not connected to the biggest exchanges.

What exchanges provide your BTCUSD liquidity?

[SimpleFX]

Thank you for your response. Spread on BTCUSD is currently around 0.70 USD. Exchanges that you mentioned also have transaction fees, we don't, there is only spread. Besides, we are brokerage service, not an exchange, our offer goes far beyond BTC pairs, so you should compare us to other brokerage services. And I can guarantee that our spreads are one of the lowest among them.

[fuzzbuzz]

Thank you for your response. Spread on BTCUSD is currently around 0.70 USD. Exchanges that you mentioned also have transaction fees, we don't, there is only spread. Besides, we are brokerage service, not an exchange, our offer goes far beyond BTC pairs, so you should compare us to other brokerage services. And I can guarantee that our spreads are one of the lowest among them.

I monitored your spreads for the last 48 hours, on Minute intervals and will gladly document it to showcase that you just reduced the spread to 0.70 usd.

https://www.mql5.com/en/charts/3613748/btcusd-m1-simplefx-ltd

I am happy to see the reduction on demand.

Can you do the same for EURUSD since your website says 0.1 spreads but all spreads are above 1.1 pips?

[SimpleFX]

Variable spreads depends on market conditions and liquidity. I am afraid that spread reduction on EURUSD is not possible at the moment, but on BTCUSD they will be reduced even more in near term future.

[fuzzbuzz]

what liquidity provider or data feed had a price of 350 BTCUSD today?

https://www.mql5.com/en/charts/3682223/btcusd-m1-simplefx-ltd-bitcoin-350

btce 299
bitfinex 292
bitstamp 290

[capoeira]

what liquidity provider or data feed had a price of 350 BTCUSD today?

https://www.mql5.com/en/charts/3682223/btcusd-m1-simplefx-ltd-bitcoin-350

btce 299
bitfinex 292
bitstamp 290

OKCoin went to 376
Huobi 357

and this is obviously a CFD

[melisande]

This is indeed a great forex trading site and with awesome leverage for cryptos, is it a registered company, which country is it located and which body is regulating it.         

[ikydesu]

The site is looks professional, i like the design and about the company is clear information.
I'm watching on this

what liquidity provider or data feed had a price of 350 BTCUSD today?

https://www.mql5.com/en/charts/3682223/btcusd-m1-simplefx-ltd-bitcoin-350

btce 299
bitfinex 292
bitstamp 290

It's what i call arbitrage chance

[capoeira]

about the company is clear information.

could you point out a link? I found 0 information

[cjrosero]

a bit confusing specially at the demo part there are no orders or anything.

[Rage19420]

a bit confusing specially at the demo part there are no orders or anything.

In FX you typically aren't going to see orderbooks. You will see what the brokers ask and sell (spread). The liquidity in FX is insane.

[SimpleFX]

This is indeed a great forex trading site and with awesome leverage for cryptos, is it a registered company, which country is it located and which body is regulating it.         

We are registered at Saint Vincent and the Grenadines, we do not underlie any regulations yet, we are working on it but it takes time and a lot of paperwork:)

about the company is clear information.

could you point out a link? I found 0 information

Here you go: https://simplefx.com/about/

a bit confusing specially at the demo part there are no orders or anything.

You can test demo account with full functionality without registration, but first you have to go through short tutorial.