Opinions and information about the SimpleFX forex broker
SimpleFX is a broker that opened its doors in 2014 (owned by SimpleFX Ltd.). The company is located in Saint Vincent and the Grenadines (a small island / tax haven, in the north of Venezuela, where coincidentally there are many brokers listed).
One of the main attractions of this company is the availability to trade with instruments such as Bitcoin, Litecoins (popularly known as cryptocurrencies or cryptocurrencies), and other more traditional such as indices, precious metals and energies.
If you look at the account types that SimpleFX offers, we see the Standard Account, or Base Account where you will have 15 base currencies, leverage (maximum) of 1: 500 and where the initial deposit is not required, or it is 0 and spread from 0,1.
There is also another type of account in this broker, SimpleFX offers "anonymous Bitcoin accounts", where one can operate anonymously, without verifying the account, or showing any type of verification. When usually a broker asks for enough documentation to be able to start operating in the market.
The platforms to operate are: MetaTrader 4 and SimpleFX's own platform.
When analyzing the broker's website in search of resources or tools for traders, we noticed that they have a series of educational videos with basic terms and functions mainly about forex operations, and explanation of terms for traders.
They also have tutorials on how to use their platform. As we mentioned before, one of the key or most attractive points of SimpleFX is that it allows you to operate with cryptocurrencies, so an entire section of the broker is dedicated to explaining how they work and what Bitcoin is.
A negative aspect of this broker is that it is not regulated by any regulatory entity, is an unregulated broker.
SimpleFX broker features
Additional information about the company
Phone number: +44 20 3695 8885 (international)
Clarification: Note that SimpleFX works in different countries, so the information provided may not apply to your country.
*Bonuses or promotions: None at the moment
**Deposit and withdrawal options: Here it is worth clarifying a SimpleFX condition that can be a bit confusing. This condition is as follows: “If you deposited money using different deposit methods, you can only withdraw the money with the method used for the largest deposit. Funds deposited via electronic transfer or through local deposit, must be withdrawn through the bank account.
With the information we have so far, the comments and reviews of users and traders, our opinion is that SimpleFX is a broker that can be trusted.
Do you know this broker? Have you operated with him? Leave a comment with your experience.
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