SimpleFX Review

SimpleFX is a forex trading platform that offers trading with range of currencies, including Bitcoins, Litecoins, energy, precious metals, and even indices like Quadriga CX. The company offers its services across 140 countries and more than 90,000 traders from all over the world user their services. SimpleFX was established in the year 2014 and the company has its registered office in St. Vincent and the Grenadines. Binary and forex trading is extremely popular in the Caribbean islands owing to the lower registration costs and lenient regulations.

Users can operate with a single trading account with no initial deposits at all and enjoy leverages that go up to 500 times. The default trade size set at 0.01 on the user proprietary online platform, while everyone gets the micro lots to trade on MT4. Additionally, users also get 15 base currencies and a variety of trading tools while the Bitcoin users get anonymous registration.

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Security  

SimpleFX has a secured platform that offer a good opportunity to trade with sixty currency pairs, precious metals, commodities, CFDs on indices and cryptocurrencies by using the online platform of the broker and the MetaTrader 4 platform.

Trading Conditions

You can start with any amount as there’s no minimum initial deposit to start trading. Thus, you can even open your account with as small an amount as $1.  SimpleFX is popular for its fixed spreads that don’t increase with the new releases. Thus, you can expect the spread to go down to 1 pips while trading on the EUR/USD pair. The best thing is that you don’t even have to pay any commission fees.

The maximum leverage depends on the account balance of the user and the broker offers a maximum leverage of 1:500. Thus, users can expect to make huge profits when the trends are in their favor but caution should be exercised because the market can fluctuate without any warning signals.

Pros

  • Great pricing, liquidity and execution
  • Ingenious trading technology
  • Low spreads
  • No commission
  • No minimum deposit to start trading

Cons

  • Services are not regulated

 

Payment Methods

Account deposits as well as withdrawals on SimpleFX can be completed using payment modes such as bank wire transfer, debit or credit cards, ewallets such as Neteller, Moneta.ru, FasaPay, AstroPay, Skrill, China UnionPay, Qiwi, WebMoney, and Яндекс, cryptocurrencies like Litecoin and Bitcoin.

SimpleFX Affiliate Program

SimpleFX has a very lucrative affiliate program where affiliates can expect to earn at least 25% of the total trading spread on every successful referral. Additionally, an affiliate will earn 5% of the total revenue share for every new referral made by his/her original referral. You can expect to get paid in Dollars, Euro, Pound, and even Bitcoin. Also the payout is monthly and withdrawal of funds does not take much time.

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SimpleFX Affiliate Review

Our Review
  • 9.3/10
    Affiliate Program - 9.3/10
  • 8.4/10
    Features - 8.4/10
  • 8.2/10
    Reputation - 8.2/10
  • 8.6/10
    Security - 8.6/10
  • 8/10
    Usability - 8/10
8.5/10

Summary

If you are just getting into the Crypto Currency game then this is a great place to start because they have no minimum deposit requirements and lots of options once you’re in.

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