Trade On Your Phone Using SimpleFX Native iOS Or Android Apps.
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Contracts For Difference (CFDs) stretches over a large set of financial markets, as such, these contracts have the potency to engage in various commodities across different parts of the world. However, some intermediaries even offer CFDs on stock traded in numerous exchanges, this singular act will open a wide realm of trading opportunities in the long run.
In comparison with spot Forex trading that is limited to the present currency market, CFD trading tends to provide a much broader arrangement of trading choices. In order to play safe, keep in mind that some of these assets are limited to their own local denomination.
SimpleFX is a Forex broker. A platform that provides traders with MetaTrader 4 as well as mobile forex online trading top platforms. Additionally, SimpleFX provides over 55 forex pairs, cryptocurrencies, CFDs, precious metals, indices, and commodities all for your personal investment together with the trading options. source
In March 2019 SimpleFX won an award for their world class trading app. On the Finance World Expo Summit (Switzerland) the app was voted as best trading app due to their excellent usability on mobile phones, remarkable reliability and speed as well as for their quick updates of app features. The crypto broker has a huge increase in new users lately. source
It's important to understand that the platform isn't focused on any particular trading market, but runs under the legislation of the United Kingdom (UK). However, at the time of this writing, there is no public information about the platform's daily trading volume, but they boast of being associated with 'top liquidity providers".
Features of SimpleFX platform
Trading
On the SimpleFx trading platform, there are varieties of investment options ranging from; cryptocurrencies, indices, currency pairs, oil, and precious metals. What's more...? Over 60 currency pairs are available for trading on the SimpleFX trading site, in conjunction with 8 other cryptocurrency pairs.
SimpleFX users are free to select from two trading platforms such as the built-in web interface, or the MetaTrader 4 interface. While orders are endorsed by stop and trailing stop orders. source
Clients can place orders from the dashboard at their convenience. Also, once a user has successfully signed up on the platform, it's settings returns to default. On the platform, pairs are shown on the left page, whereas charts take almost 80% of the screen width. SimpleFX users can effortlessly open numerous charts at a go simply by clicking the plus icon at the top of the interface; in the same manner, you can also personalize the plots.
Security
SimpleFX security implementation is in different stages. Users fiat funds are stored in isolated client trust accounts. 2Fa will be configured in an attempt to add a second layer of protection to customer accounts. On the other hand, Bitcoin funds are stored in cold wallets.
Hypertext Transfer Protocol Secure (HTTPS) is enabled on the website, providing a code to any data roving from and to the platform. Some personal details are held offline too, such as; ID's, Driver License, and other billing information.
Mobile app
The SimpleFX platform has an inbuilt-responsive algorithmic rule, which means that its users can securely browse the site from nearly any device. However, the comprehensive MetaTrader 4 support also permits SimpleFX to provide iOS, and Android for its customers to trade at their disposal.
Conclusion
If you'd ask me, SimpleFX has proved to be a good choice for short-term cryptocurrency investors among other brokers. The platform highly favors those who desire to take advantage of the market volatility without verifying their identity or pay any charges.
Disclaimer:
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
Nowadays, all regulated cfd providers offer mobile apps and security of funds. Some brokers also offer a choice of trading platforms and online trading research.