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Topic: [ANN] SimpleFX.com - forex broker with BTC and LTC crosses and 1:500 leverage - page 20. (Read 64300 times)

full member
Activity: 604
Merit: 103
SimpleFX.com - Free Trading & Investing App
Are you regulated?  Where is your head office?
bad questin. as bitcoin isn't regulated yet it's imposible to regulate brokers.

Hello,

Yes, this is actually the key problem with regulations, regulators do not look favorably on bitcoin brokers. We are investigating our options but acquiring a regulation from one of the respected regulators will be very difficult.
Answering the second question, we are based in St. Vincent and Grenadines.
hero member
Activity: 966
Merit: 501
Working 24 hours a day isn't enough anymore.
Are you regulated?  Where is your head office?
bad question. as bitcoin isn't regulated yet it's imposible to regulate brokers.
sr. member
Activity: 555
Merit: 251
Are you regulated?  Where is your head office?
hero member
Activity: 966
Merit: 501
Working 24 hours a day isn't enough anymore.
Thank you , SimpleFX is an excelent trading platform for me, to play with my bitcoins! Finaly I can better focus on btc insteed  of $$$

P.S.
Good luck with the release of multiterminal! Smiley

P.S.S
Also higher leverage for btcusd is needed. THX.
 InstaForex offers 1:25 for example.
1to25 leverage THAT'S ALL I ASK!!!! Then you will have an perfect offer ever!!!
full member
Activity: 604
Merit: 103
SimpleFX.com - Free Trading & Investing App
Hello,

Yes, there were some attempts of DDoS attack and brute force break-ins, therefore we strongly recommend to enable 2FA and change your passwords just in case.
I think it's a good idea for the safety of all users, it seems to be necessary to make the news alert every time a user signs in to their accounts


Actually, we have such a feature, every time you log in to your trading account from different/ new ip, SimpleFX system will automatically notify you via email that there was successful authenticated log in including login details (ip, browser, time, account number).
full member
Activity: 388
Merit: 100
Hello,

Yes, there were some attempts of DDoS attack and brute force break-ins, therefore we strongly recommend to enable 2FA and change your passwords just in case.
I think it's a good idea for the safety of all users, it seems to be necessary to make the news alert every time a user signs in to their accounts
full member
Activity: 604
Merit: 103
SimpleFX.com - Free Trading & Investing App
Hello,

Yes, there were some attempts of DDoS attack and brute force break-ins, therefore we strongly recommend to enable 2FA and change your passwords just in case.
TRF
sr. member
Activity: 322
Merit: 254
I can't login into my account. What's happening?

Same here

I think there was some Haking attak. I received an email from their CS that said me than someone from a starnge address has logged in my old  account (that was without 2FA ).
newbie
Activity: 1
Merit: 0
newbie
Activity: 1
Merit: 0
I can't login into my account. What's happening?
TRF
sr. member
Activity: 322
Merit: 254
Wow, increased activity, we like it:) Let's answer some questions:

Hallo,

Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT  Roll Eyes
Floating profit cannot be used as margin, you need to close a position to use profit as margin.



Ok! Now i understand, so work as other MT5 pro account on other brokers   Roll Eyes Roll Eyes Roll Eyes

full member
Activity: 604
Merit: 103
SimpleFX.com - Free Trading & Investing App
Wow, increased activity, we like it:) Let's answer some questions:

Hallo,

Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT  Roll Eyes
Floating profit cannot be used as margin, you need to close a position to use profit as margin.

Yes, it is true, max leverage depends on your account balance and is calculated for a single account. So you can have multiple accounts and different leverage on every one of them. So if your balance rises and your leverage is lowered, you can transfer your funds to another account to restore previous max leverage.

That is what I do now.  I have 10 accounts, essentially under a single login.

But here is a question:

Someday I might exceed 40 or 50 Btc in SimpleFX and so want more than 10 accounts to maintain the maximum leverage on each.  Technically, that is quite doable, just creating a totally separate set of accounts, such as to have two sets of 10 accounts each.  But is that permissible?

Basically, is there any risk I would get banned for doing so?  This is doing so with only crypto funding for deposits and withdrawals, no fiat.  I would be deliberately bypassing your 10 real account limit, indirectly, but I think the 10 account limit is just a programming matter anyway.

No problem to have 2 profile registered Wink

I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.
yes i want to know too

Minimal possible position of 0.01 with max leverage requires a bit over 0.1 BTC (at the moment about 0.1004). It can be checked live in our Trade Calculator, here is the video tutorial: https://www.youtube.com/watch?v=F12y9M-Khj8
sr. member
Activity: 504
Merit: 251
Never used this side , can someone explain how used this side?Trading up and down or something else?
newbie
Activity: 1
Merit: 0
There are no problems with withdrawals ? What's the biggest withdrawal have you ever done?
newbie
Activity: 62
Merit: 0
I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.
yes i want to know too

I don't know the absolute minimums, but I have withdrawn as little as 0.01 Btc to an external address.

The minimum trade size seems to vary by market AFAIK, e.g. what would be a 0.01 size trade in their terms would correspond with ... but it can be very small definitely.

There are also free test accounts, although playing live is more complicated than test accounts, since the real market reacts to large orders you cause, for good or ill -- by default for worse in the near-term (although using tiny amounts at a time can affect the market nearly unnoticeably).
sr. member
Activity: 308
Merit: 250
I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.
yes i want to know too
hero member
Activity: 770
Merit: 500
I always like forex trading. I will try your site. You have mentioned there is no minimum deposit for bitcoin. Ok i understood. But can you please tell me how much bitcoin is required to open a small trade in your site. And also can you please tell me the minimum withdrawal amount in your site.
newbie
Activity: 62
Merit: 0
Yes, it is true, max leverage depends on your account balance and is calculated for a single account. So you can have multiple accounts and different leverage on every one of them. So if your balance rises and your leverage is lowered, you can transfer your funds to another account to restore previous max leverage.

That is what I do now.  I have 10 accounts, essentially under a single login.

But here is a question:

Someday I might exceed 40 or 50 Btc in SimpleFX and so want more than 10 accounts to maintain the maximum leverage on each.  Technically, that is quite doable, just creating a totally separate set of accounts, such as to have two sets of 10 accounts each.  But is that permissible?

Basically, is there any risk I would get banned for doing so?  This is doing so with only crypto funding for deposits and withdrawals, no fiat.  I would be deliberately bypassing your 10 real account limit, indirectly, but I think the 10 account limit is just a programming matter anyway.
newbie
Activity: 62
Merit: 0
Seems that sometimes free margin "Go freeze". Why? For example i use 15 BTC margin , make a floating profit of 2 BTC and free margin remain about 60.000 BIT  Roll Eyes

In my experience at SimpleFX, fluctuation in an open position's profit/loss can decrease the amount of margin available to other positions but not increase it, not until the position is closed.

For instance, in your example, if your open position started to have a loss, that would make your free margin become less than 60.000 BIT, but there would be no difference in free margin if it zoomed up to a 3 Btc profit instead of a 2 Btc profit.  Of course, once you eventually closed the position, then profits would be available.

I have encountered some sites which work differently, which would explain why it seemed off to you, but the above seems to always be how SimpleFX works, AFAIK.
newbie
Activity: 62
Merit: 0
Whats the most any of you guys withdrew ? Huh

More than 10 Btc over time, usually a bitcoin or two at a time.

It has always gone through.
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