So, what is the general consensus? Is SimpleFX safe to trade on? Did a lawsuit ever happen?
SimpleFX are you safe?
Who provides the liquidity? Do you make money from swaps and spreads?
1) SimpleFX has not been sued.
2) Yes, we are well secured platform.
At SimpleFX we are proud to be one of the very few companies in the crypto market that has never been damaged by hacker attacks. We spare no effort to increase the safety of our traders funds, therefore in our long business activity we developed several mechanism that grant the highest level of funds safety. Please check the following examples of how our security system is constructed:
-Two-factor authentication: Add a second level of authentication which is a simple and reliable solution to keep your account and funds safe. When you enable 2-Step Verification, you add an extra layer of security to your account, because dynamically generated passcodes are safer to use than fixed log-in information.
-Many secure ways to deposit money: Your deposit is made under strict control of our encrypted system, that keeps safety of your money operations within our website to prevent any unauthorized activities. Your personal details are held in secured offline servers and are not used for any undesirable purposes. We are doing our best to secure your funds and personality and protect it from falling into wrong hands.
3) Unfortunately, we cannot disclose our Liquidity Providers. We chose not to divulge this information due to many reasons. One of them is protection against market manipulation. There could be a situation when someone manipulated the market of our Provider and used it to gain profit on SimpleFX. However, for the majority of our clients, this could bring severe losses and we want to minimize the risk of that happening. We also want to protect that information from our competitors. This allows us to focus on providing our clients with stable and reliable platform.
