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

[SimpleFX]

Your withdrawal rules reminds of betting sites:

"Each withdrawal has to be made with the same payment system used for deposit. If you deposited using several payment systems and earned a profit/made a loss, you can withdraw funds with the payment system used for the largest deposit."

What if I deposit with one method and then I close account over there for some reason, lets say at Skrill. How could I make withdrawal in that situation?

Such situation would have to be considered individually by contacting SimpleFX support team with more issue details.



////////////// Notice! //////////////


Due to upcoming Bitcoin Segwit, SimpleFX will stop accepting new deposits and withdrawals - today 31 July 2017 after 12:00 UTC. Changes will be reverted asap.

Feel free to contact SimpleFX support team for assistance: https://simplefx.com/support/

[bj9k]

Your withdrawal rules reminds of betting sites:

"Each withdrawal has to be made with the same payment system used for deposit. If you deposited using several payment systems and earned a profit/made a loss, you can withdraw funds with the payment system used for the largest deposit."

What if I deposit with one method and then I close account over there for some reason, lets say at Skrill. How could I make withdrawal in that situation?

Such situation would have to be considered individually by contacting SimpleFX support team with more issue details.

1. Seems like you want to keep that procedure a secret which I don't see any reason for that cause anyone could post their own experience here of that individual situation. Why is that a secret?

2. Also from above rules: ".... you can withdraw funds with the payment system used for the largest deposit". Does that word can means really CAN or it is a  MUST? If it is really can then it sounds to me if I am correct, that there are 2 possible withdrawal methods: used deposit system(s) and and the largest deposit system.

3. I have just noticed another rule "transfers between digital currencies (BIT) and hard currencies are forbidden". Does that means I can't: deposit bitcoins, buy USD and fund my MT4 USD account with bought USD onto your EXCHANGE?

[SimpleFX]

Your withdrawal rules reminds of betting sites:

"Each withdrawal has to be made with the same payment system used for deposit. If you deposited using several payment systems and earned a profit/made a loss, you can withdraw funds with the payment system used for the largest deposit."

What if I deposit with one method and then I close account over there for some reason, lets say at Skrill. How could I make withdrawal in that situation?

Such situation would have to be considered individually by contacting SimpleFX support team with more issue details.

1. Seems like you want to keep that procedure a secret which I don't see any reason for that cause anyone could post their own experience here of that individual situation. Why is that a secret?

2. Also from above rules: ".... you can withdraw funds with the payment system used for the largest deposit". Does that word can means really CAN or it is a  MUST? If it is really can then it sounds to me if I am correct, that there are 2 possible withdrawal methods: used deposit system(s) and and the largest deposit system.

3. I have just noticed another rule "transfers between digital currencies (BIT) and hard currencies are forbidden". Does that means I can't: deposit bitcoins, buy USD and fund my MT4 USD account with bought USD onto your EXCHANGE?

1.   We would need a confirmation of Skrill account closure. Additionally, some other confirmation of your ownership of your other account payment processor account which you would like to send funds to. But it is only general procedure, each case will be investigated separately to avoid possible manipulations and abuses.

2.   Let’s say your deposit 200 USD with Neteller and 100 USD with Skrill to the same USD trading account. Let say you made 500 USD profit (total account balance 800 USD) and want to withdraw your funds. In this case you can withdraw 800 USD with Neteller.

3.   SimpleFX does not exchange crypto to fiat or fiat to crypto. Bitcoin account must be funded with Bitcoin, USD account must be funded with USD.

[SimpleFX]

UPDATE!

•We have restored Bitcoin payments at https://simplefx.com
•Bitcoin deposits will be transfered to your SimpleFX trading accounts after 1 confirmation

[SimpleFX]

We've got some exciting news for you!

Ethereum enabled as a deposit currency
•   Our fourth one alongside Bitcoin, Litecoin and Dash
•   No fees for processing payments
•   Already available

Two new cryptocurrency pairs added
•   XRPUSD (Ripple vs US Dollar)
•   ETCUSD (Ethereum Classic vs US Dollar)

[poordeveloper]

You say "no fees for processing payments". What are the fees for withdrawals? Or are they free as well?

[SimpleFX]

You say "no fees for processing payments". What are the fees for withdrawals? Or are they free as well?

There are no fees for deposits and withdrawals in crypto currencies.

[Quontoloue]

3.   SimpleFX does not exchange crypto to fiat or fiat to crypto. Bitcoin account must be funded with Bitcoin, USD account must be funded with USD.

so how i can trade in youre MT4 system with pair fiat money, sample USD/Euro
if deposit use bitcoin still balance trade bitcoin, or if deposit use bitcoin only can trade with pair bitcoin/usd

[SimpleFX]

3.   SimpleFX does not exchange crypto to fiat or fiat to crypto. Bitcoin account must be funded with Bitcoin, USD account must be funded with USD.

so how i can trade in youre MT4 system with pair fiat money, sample USD/Euro
if deposit use bitcoin still balance trade bitcoin, or if deposit use bitcoin only can trade with pair bitcoin/usd

For example: if you deposit Bitcoin,you cannot convert Bitcoin to USD and have USD within your trading account. You can not transfer funds from Bitcoin trading account to USD trading account.
We are not a cryptocurrency exchange.


However, with Bitcoin account you may trade any CFD from our offer, including EUR/USD.

[SimpleFX]

 


Bitcoin Cash added as a deposit currency
• Our 5th crypto currency alongside Bitcoin, Litecoin, Dash and Ethereum
• No fees for processing payments
• Already available

Bitcoin Cash available for Bitcoin holders
• If you had a Bitcoin balance on SimpleFX on July 31st, new Bitcoin Cash (BIC) account was added to your profile
• Your new BIC account is credited with the equivalent amount of Bitcoin Cash on a 1:1 basis
• Bitcoins held as a margin on orders during this day are credited with Bitcoin Cash as well

Three new symbols enabled for trading
• BCHUSD (Bitcoin Cash vs US Dollar)
• BCHBTC (Bitcoin Cash vs Bitcoin)
• USDKRW (US Dollar vs South Korean Won)

[Zorkformentor]

Is it correct that SimpleFX charges overnight fees for stock positions, even if I don't need/want leverage at all?

[SimpleFX]

Is it correct that SimpleFX charges overnight fees for stock positions, even if I don't need/want leverage at all?

Hello,
yes, overnight fees are charged regardless the leverage.

[gaminn]

Recently, you increased spread on BTC pairs (2 times and sometimes even more). What's the reason behind it? Even XTB has sometimes better spread. Are you planning to lower the spread again?

[SimpleFX]

Recently, you increased spread on BTC pairs (2 times and sometimes even more). What's the reason behind it? Even XTB has sometimes better spread. Are you planning to lower the spread again?

Hello,
We offer floating markets spread and indeed they usually rise during higher volatility periods. They will be probably lowered back really soon.

[jdlr]

SimpleFX ,

my withdrawal has been pending for more than 50 hours !!!

I constantly email and chat with customer service and you say it should be released soon, and still hasnt !!!!

What is happening here ? I need my deposit back.

Are you starting to scam people ?

[P2Pfinder]

Hallo jdlr,

Should you tell us amount? I never had any issue in past with withdrawal sometimes of 30-40 bitcoin.

SimpleFX ,

my withdrawal has been pending for more than 50 hours !!!

I constantly email and chat with customer service and you say it should be released soon, and still hasnt !!!!

What is happening here ? I need my deposit back.

Are you starting to scam people ?

[Danslip]

I cant find enough information about margin call on site.Can you please answer this questions:

What is margin call and stop percentage if open position goes against market  price?
Can customer ask from support to increase maximum leverage of account?

Thanks!

[guy_wonderful]

Hello SimpleFX.
I'm kindly ask you to consider to raise leverage to 1:25. I very liked service you offer and I find it very attractive. But now I has to use another offer which I find ,currently, as best offer in the market.  Anonymous - too, accepts  btc - too. And offers higher leverage.
Smaller leverage means "less field of freedom to play" and involves higher risks to the trader. It's is impossible to deal to those factors.
l. You accept several crypto currencies as deposit, ll. withdrawals are much faster (it's literary takes a minute to deposit/withdraw dash) lll. and great customer support. That's on TOP.  
I would be happy to use your service again but it's would be possible just in case you raise lev. to 1:25.  

I cant find enough information about margin call on site.Can you please answer this questions:

What is margin call and stop percentage if open position goes against market  price?
Can customer ask from support to increase maximum leverage of account?

Thanks!

Hey Danslip. SimpleFX has margin call at 30%, when it reached your biggest position will be eliminated. I don't know exactly if it's possible for support to change the size of leverage. But you can change it using a website, under "accounts". SimpleFX has some rules that when your acc is higher than some amount of sum, leverage will be automatically lowered (that sucks).

[SimpleFX]

1. jdlr – your withdrawal request was found suspicious.
Withdrawal request without any trading history is thoroughly reviewed by SimpleFX senior supervisor, that is why time to process such payment maybe longer than usual.
Your withdrawal status is now completed, you should have received your coins already. Just a reminder, SimpleFX is not a cryptocurrency wallet, but CFDs trading platform.

2. Danslip – margin call is 50%, stop out is at 30%, leverage levels are shown here: https://simplefx.com/resources/SimpleFX_Leverage.pdf

3. guy_wonderful – we do not have plans to increase leverage on Bitcoin (I assumed you meant Bitcoin crosses: BTCUSD, BTCCNY…).

[guy_wonderful]

1. jdlr – your withdrawal request was found suspicious.
Withdrawal request without any trading history is thoroughly reviewed by SimpleFX senior supervisor, that is why time to process such payment maybe longer than usual.
Your withdrawal status is now completed, you should have received your coins already. Just a reminder, SimpleFX is not a cryptocurrency wallet, but CFDs trading platform.

2. Danslip – margin call is 50%, stop out is at 30%, leverage levels are shown here: https://simplefx.com/resources/SimpleFX_Leverage.pdf

3. guy_wonderful – we do not have plans to increase leverage on Bitcoin (I assumed you meant Bitcoin crosses: BTCUSD, BTCCNY…).

Yes, I meant all crypto pairs. Okay, done.
Have you any plans to include dash as a pair for trading? I have some amount of "physical" dash who's I want to hedge, just in case.
Got any changes on side of multi-terminal function?
I heard that you are planing to implement PAMM trading , is that true?