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Tuesday, February 7, 2023

Simplefx Cryptocurrency Exchange Review: Relaypay Is Legit

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About Simplefx Exchange

Simplefx Exchange is a cutting-edge online trading app. Invest your fiat money or crypto in Forex, cryptocurrencies, indices, precious metals, and commodities. The best experience guaranteed!

SimpleFX is a trading platform registered in Saint Vincent and the Grenadines. It has been operating since 2014, even though their cryptocurrency segment was launched later. SimpleFX stated on its website that they had more than 200,000 traders from 160 countries.

The platform focuses on Forex CFDs on Bitcoin, Litecoin, indices, precious metals and energy. Their core values are simplicity and functionality.

Key Information

ExchangeDetails
Exchange NameSimplefx Exchange
Exchange TypeCryptocurrency
Withdraw Fee0.000079 BTC
Support24/7
LangugaeEnglish
Taker Fee0.075%
Maker Fee0.025%
Website Homepage

How To Sign Up & Start Simplefx Exchange Trading

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You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

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You Then Receive An E-mail In Your Gopax To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

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Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

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SimpleFX Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers for “makers” as their orders make the liquidity in a market. Takers are the ones who “take” this liquidity by matching makers’ orders with their own.

At SimpleFX, takers are charged 0.075% per order. This is difficult to compare to the global industry average taker fees for regular centralized exchanges, as the instruments traded at the different exchanges are also different from each other. In any event, 0.075% is a fair fee.

When it comes to the makers, their fee is -0.025%. This essentially means that each maker get paid to trade. To clarify, let’s say that you are the maker in an order where you purchase cryptocurrency for USD 1,000. This means that instead of paying USD 1,000, you will only have to pay USD 997.50. This is a very competitive trait indeed.

SimpleFX Withdrawal fees

This exchange does not charge any withdrawal fees themselves. However, as always, there are network fees involved when making a transaction. This means that the only fee you need to be concerned with when withdrawing from this platform, is the network fees paid to the miner. This withdrawal fee, or rather lack of withdrawal fee, is below the industry average and very competitive.

Overall, the fee level here is perfectly fine.

Deposit Methods

You can purchase cryptos at this platform via credit or debit card, as long as you use the payment service provider Fasapay. Apparently, two fiat currencies are accepted: IDR and USD.

Seeing as SimpleFX accepts deposits of fiat currency, the exchange qualifies as a so called “entry-level exchange”, at which new crypto investors can take their first steps into the exciting crypto world. 

The Ultimate Trading Experience for Everyone

Choose an application that works perfectly on every device. SimpleFX is the fastest, most intuitive trading tool available. It’s easy to pick up and at the same time offers all the sophisticated automatic trading solutions you can use with a super safe and simple API manager. With SimpleFX WebTrader you get fast & secure transfers, no minimum deposits.

Trading Crypto with SimpleFX

Accounts

  • Lucrative affiliate program
  • Crypto staking
  • Multicurrency Accounts
  • No minimum deposits

Markets

  • 60 currency pairs
  • Crypto, forex, and indicies
  • Spreads from 0.1
  • Trade 24/7/365

Trade on any Device

  • API manager
  • No trade commission
  • MetaTrader 4
  • Fast execution

Security

  • Negative balance protection
  • Two-factor authentication
  • Secure Funds on Client segregated accounts
  • Fast and secure transfers

Affiliates

  • Transparent third-party affiliate system
  • Snowballing Income
  • Simulate your monthly earnings
  • Simple Cookie-based System

Community

  • Trading Ideas to discuss markets
  • Signal trading between all MetaTrader 4 brokers
  • Easy sign in/up with Facebook and Google+
  • No registration required to test platform

Contact

[email protected]
[email protected]

SimpleFX Ltd., Suite 305, Griffith Corporate Centre Beachmont, Kingstown VC0100, St. Vincent and the Grenadines, is incorporated IBC by the Registrar of International Business Companies.
Legal Entity Identifier: 21380042B8QJ87V4HA89.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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