Topic: [ANN] SimpleFX.com - forex broker with BTC and LTC crosses and 1:500 leverage - page 23. (Read 64899 times)

auto closed on all open trades or just that trade?

say I have 1 btc on blah blah and it is positive right now
I have 1 btc on blah blah and it is negative 1 btc
what happens in that case?

Yes, that is correct. We have a very awesome tool to simulate your trades - Trade Calculator. Take a look at the tutorial: https://www.youtube.com/watch?v=F12y9M-Khj8

My understanding is you get auto closed when account equity drops to 30% of required margin.  So, 30% x 7BTC = 2.1 BTC

Can you please explain this to me, I know I have no clue what I am talking about and appreciate your patience explaining if you can.

I want to short the value of 70 bitcoin at maximum leverage so I can deposit the minimum amount of btc to get the 70 btc short.
I see the leverage is 10-1 is that the maximum?
so I need to deposit 7 btc right?
using max leverage at what price would my position auto close assuming I deposit the 7 btc at say (1000) and that 7 is the total amount in my account?

thanks for your time anyone that can help me

Thank you Vani, we really appreciate your kind words. We can promise that we will evolve, grow, and become better and better

Love this. Crypto and CFD in one broker. Deposit with bitcoin and then there is no id verification. The rest of the conditions looks excellent. That's what I was waiting for. Testing the platform now and it works very well for me. Keep up the good work and let's hope that this broker will continue to grow!

Hello, bitcoin deposits cannot be converted to fiat currency and vice versa. But all instruments can be traded in bitcoin accounts also forex pairs. All calculations regarding balance, profit/loss and required margin are made in bitcoin.

if deposit use bitcoin can convertion to dollar or not
if not convertion how to trading in forex market, in pair fiat money/fiat money, pair USD another fiat money, because my balance only bitcoin not convertion to dollar

and trading in simplefx must verified ID or not

We really appreciate your kind words, we will definitely try to improve all of mentioned topics;)

Hello, I am really sorry, I missed your question.
Unfortunately we do not offer PAMM accounts, at least not yet:)

if the wait will be worthy you don't need to worry mate as we closely liking your site and its also a good way to learn how to deal with forex its just needed some closer looks in order to earn and avoid loses thanks simplefx no need now for personal info we can deal using btc.

Thank you for your suggestion, we will definitely take it under consideration. There were many ideas while creating the Trade Wall and a lot of ideas how to use the space. In upcoming redesigned version of our platform there will be tons of new features and personalization options so your suggestion will be definitely included. But it will probably take few more months before new platform is out:(

Thank you very much, all your suggestions worked fine

But may I suggest a "new" feature:
If I don't have selected the cursor "+" (the cursor which will display the prices and so on when you hover over the chart), you could display the high/low values of the whole timeframe which is visible.
All bitcoin exchanges I know handle it that way, that's why I'm used to it.
Just see poloniex for exmaple and you will know what I mean:
https://poloniex.com/exchange#usdt_btc
On the top left in the chart you can see high and low value of the whole chart you actually see.

Hello Simplefx
You ignored my question.
Looks like you don't want my business.
I am trading with TraderWay and I am looking for options to trade few other accounts

Yesterday i opened an account on SimpleFX. You could follow more about here: https://bitcointalksearch.org/topic/--1774474

These are my first day impressions:

• I'm really surprised about speed for withdrawal & deposit. +1
• Price sometimes are refreshed slowly. -1  
• Spread are honest, but could be lowered. +0,5  
• Lot of intruments to trade. Really Good! +1  
• Metatrader Platform. Good. +0,5  

For the moment i have a positive impression, hope they will continue to improve the service and reduce spread on major. Also more commodities will be appreciated  

Hello,

1. First of all please use Google Chrome, if chart is still not displayed correctly, please try to close Shoutbox column:



2. When you point the buttons with your mouse pointer, the arrow pops up, you can click it to hide the buttons.



3. You need to switch to candlestick chart and then to chosen timeframe, after pointing a chosen candle, highs and lows will pop up.

@SimpleFX:

1) Is it possible to have a better view on the chart axis? I'm not able to see enough decimal places of the prices on the right, see this screenshot:
http://www2.pic-upload.de/img/32602001/simplefx.jpg
2) Also, depending on the zoom, the "buy/sell" button in the chart is blocking view or it overlays over the High/Low values you can also see in screenshot. Can I disable those buttons in the chart?
3) Where can I see the high/low values of a specific timeframe (eg. high and low value of the past week)? The values in the chart seems only to be the local values where I hover my cursor.

Hello,

You are absolutely right, very often regulators cannot help broker's clients. Take a look at IronFX case, thousands left without their deposits and what did the regulator do? They put a fine on a broker... Ridiculous. That is why we are not forcing anything, we do not want to make any changes in our offer that would be unfavorable to our clients just because the regulator wants that. And also that is why the whole process of acquiring the license takes so much time.

e)   SimpleFX Ltd. is incorporated at Saint Vincent and the Grenadines under registered number 22361 IBC by the Registrar of International Business Companies and its operations are subject of the Saint Vincent law.
We are operating since 8th October 2014. Currently we are making all efforts to acquire FCA License but due to the fact that we offer Bitcoin & Litecoin accounts, the whole process is stretching over a long period of time as these institutions do not comprehend the whole of the process of Bitcoin transaction.

[/quote]

SimpleFX,
After receiving this coveted FCA license, do you foresee having to drop your offering to certain countries?

I hope not.  Anyway, my experience is that regulators exist for the "care and feeding" of the industry.  They don't give a crap about individual investor/traders.  Take the USA, for example.  Forex brokers used to offer "account balance protection" for the purpose of helping newbie traders build up their confidence in highly leveraged markets.  After SNB took the Franc off the Euro peg, some brokers such as FXCM ran into financial trouble, so what does the CFTC do?  They re-wrote the existing regulation to forbid brokers from offering account balance protection to clients.  Sheeesh, with regulator "friends" like the CFTC, who needs enemies.     

You may withdraw btc without sending any additional information. Bitcoin and Litecoin accounts are anonymous, we do not require any additional identity/ residential address verification for these account types.