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

[danshan11]

can you explain max leverage using the balance in your account to decide max leverage.

The less you have in your account the higher the leverage is?

Does that count all live account balances combined?

how does it work

http://imgur.com/a/C0CXS


so I understand clearly if your balance is below 4.13 btc you get 500-1 and if your balance is above 4.13 you get less leverage???

is that how it works please clarify

thank you

[danshan11]

and if the above is true can I have 2 accounts with 4 btc in each and get 500 to 1 leverage?

[ronndough]

Whats the most any of you guys withdrew ?

[danshan11]

Deposited   Withdraw   Date
3.04   0.00   2/14
   3.75   2/24
3.74      2/27
1.00      2/28
   0.30   3/1
0.07      3/1
1.69      3/2
   2.45   3/1

[SimpleFX]

and if the above is true can I have 2 accounts with 4 btc in each and get 500 to 1 leverage?

Yes, it is true, max leverage depends on your account balance and is calculated for a single account. So you can have multiple accounts and different leverage on every one of them. So if your balance rises and your leverage is lowered, you can transfer your funds to another account to restore previous max leverage.

[TRF]

Hallo,

Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT 

[Selerius]

Whats the most any of you guys withdrew ?

More than 10 Btc over time, usually a bitcoin or two at a time.

It has always gone through.

[Selerius]

Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT 

In my experience at SimpleFX, fluctuation in an open position's profit/loss can decrease the amount of margin available to other positions but not increase it, not until the position is closed.

For instance, in your example, if your open position started to have a loss, that would make your free margin become less than 60.000 BIT, but there would be no difference in free margin if it zoomed up to a 3 Btc profit instead of a 2 Btc profit.  Of course, once you eventually closed the position, then profits would be available.

I have encountered some sites which work differently, which would explain why it seemed off to you, but the above seems to always be how SimpleFX works, AFAIK.

[Selerius]

Yes, it is true, max leverage depends on your account balance and is calculated for a single account. So you can have multiple accounts and different leverage on every one of them. So if your balance rises and your leverage is lowered, you can transfer your funds to another account to restore previous max leverage.

That is what I do now.  I have 10 accounts, essentially under a single login.

But here is a question:

Someday I might exceed 40 or 50 Btc in SimpleFX and so want more than 10 accounts to maintain the maximum leverage on each.  Technically, that is quite doable, just creating a totally separate set of accounts, such as to have two sets of 10 accounts each.  But is that permissible?

Basically, is there any risk I would get banned for doing so?  This is doing so with only crypto funding for deposits and withdrawals, no fiat.  I would be deliberately bypassing your 10 real account limit, indirectly, but I think the 10 account limit is just a programming matter anyway.

[savioroshan]

I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.

[ruselbd]

I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.

yes i want to know too

[Selerius]

I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.

yes i want to know too

I don't know the absolute minimums, but I have withdrawn as little as 0.01 Btc to an external address.

The minimum trade size seems to vary by market AFAIK, e.g. what would be a 0.01 size trade in their terms would correspond with ... but it can be very small definitely.

There are also free test accounts, although playing live is more complicated than test accounts, since the real market reacts to large orders you cause, for good or ill -- by default for worse in the near-term (although using tiny amounts at a time can affect the market nearly unnoticeably).

[ibalance]

There are no problems with withdrawals ? What's the biggest withdrawal have you ever done?

[Dlugina23]

Never used this side , can someone explain how used this side?Trading up and down or something else?

[SimpleFX]

Wow, increased activity, we like it:) Let's answer some questions:

Hallo,

Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT 

Floating profit cannot be used as margin, you need to close a position to use profit as margin.

Yes, it is true, max leverage depends on your account balance and is calculated for a single account. So you can have multiple accounts and different leverage on every one of them. So if your balance rises and your leverage is lowered, you can transfer your funds to another account to restore previous max leverage.

That is what I do now.  I have 10 accounts, essentially under a single login.

But here is a question:

Someday I might exceed 40 or 50 Btc in SimpleFX and so want more than 10 accounts to maintain the maximum leverage on each.  Technically, that is quite doable, just creating a totally separate set of accounts, such as to have two sets of 10 accounts each.  But is that permissible?

Basically, is there any risk I would get banned for doing so?  This is doing so with only crypto funding for deposits and withdrawals, no fiat.  I would be deliberately bypassing your 10 real account limit, indirectly, but I think the 10 account limit is just a programming matter anyway.

No problem to have 2 profile registered

I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.

yes i want to know too

Minimal possible position of 0.01 with max leverage requires a bit over 0.1 BTC (at the moment about 0.1004). It can be checked live in our Trade Calculator, here is the video tutorial: https://www.youtube.com/watch?v=F12y9M-Khj8

[TRF]

Wow, increased activity, we like it:) Let's answer some questions:

Hallo,

Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT 

Floating profit cannot be used as margin, you need to close a position to use profit as margin.



Ok! Now i understand, so work as other MT5 pro account on other brokers   

[suv3nir]

I can't login into my account. What's happening?

[niky202]

I can't login into my account. What's happening?

Same here

[TRF]

I can't login into my account. What's happening?

Same here

I think there was some Haking attak. I received an email from their CS that said me than someone from a starnge address has logged in my old  account (that was without 2FA ).

[SimpleFX]

Hello,

Yes, there were some attempts of DDoS attack and brute force break-ins, therefore we strongly recommend to enable 2FA and change your passwords just in case.