http://www.simplefx.com

SimpleFX — 1:500 Leverage CFDs (FX, Indexes, Commodities, Crypto) — No KYC/AML

Why SimpleFX ?

• Leverage up to 500x (if you choose so) – 70+ pairs: FX, Indexes, Commodities, Crypto

• No KYC/AML — no verification required, simple email sign-up when using BTC as funding method. 1 confirmation requirement on DEPOSITS. Currently up 72 hours wait time on WITHDRAWALS but they are implementing 2FA to make this a much quicker process

• 60 currency pairs: including unique exotic instruments (e.g Turkish Lira, South African Rand or Israeli Shekel). — Also includes USD Versus Chinese Yuan (USDCNH) with the recent PBOC decision — 8 cryptocurrency pairs including Bitcoin and Litecoin. LTCJPY, BTCJPY etc

PDF of all tradeable instruments https://simplefx.com/resources/SimpleFX_Contracts.pdf

Also trade Natural Gas & Oil



UI/UX

I have to say the UI/UX of their web-based interface is pretty sleek — I actually prefer it over MetaTrader4 for mainly aesthetic reasons but the there is quite the power with functionality.

You can enter a position and add in your STOP LOSS and TAKE PROFIT upon entry.

OR you can adjust the SL and TP right on the CHART itself — it automatically adjusts your order as you drag it around the screen !!!

MetaTrader4 Platform Basics

I could easily write an entire blog post about MT4 but seeing that is widely used program I suggest you google around for some of the more advanced functionality aspects. Once logged on it can seem a bit overwhelming you will see all the pair listed on the side and at the bottom will be the 3 main tabs you will be using regularly — that is of your balance, P&L, current position and pending orders.

**If this looks slightly different than the one from SimpleFX it is because it is a different broker using MT4 but the mechanics are the same**

**You may also notice that the current currency is BIT versus BTC — they are in the process of changing this as we speak**

MetaTrader4 Mobile App

IMO the app actually has better charts then the desktop client and will grow on you quickly

Conclusion

I am very impressed with SimpleFX and their platform — their web-based interface is sleek, intuitive and powerful — I have yet to see it lag at all — just beware it does log you out every couple of hours if suddenly you notice it not refreshing.

You will have to go case by case to determine spreads versus some other platforms but EURUSD seemed to be with in reason — usually 10 pips and it the spread is listed right on your order ticket which is nice to see that kind of transparency before you execute and feel like you just got ass raped

Clearly the standout of this platform over the current standard in 1Broker is the 1:500 leverage and many more instrument pairs to trade. Combine that with a high power web-based platform as well as MT4 support both desktop and mobile and this is a heavy hitter coming into the FX space for us “mostly crypto” traders.

Also did I mention there is a Trollbox ? lol. Happy Trading.