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Topic: [ANN] SimpleFX.com - forex broker with BTC and LTC crosses and 1:500 leverage - page 36. (Read 64225 times)

sr. member
Activity: 434
Merit: 250

Quote

could you point out a link? I found 0 information

Here you go: https://simplefx.com/about/


I found 0 information about you company there. not even the companys name, nor where it is registered.

https://simplefx.com/contact/

I know that to get a forex regulated takes time but I will really expects you to include more convincing evidence of your legitimacy on your website because some forex trading platforms are scammers they only take and never pay back.
full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App

Quote

could you point out a link? I found 0 information

Here you go: https://simplefx.com/about/


I found 0 information about you company there. not even the companys name, nor where it is registered.

https://simplefx.com/contact/
legendary
Activity: 2388
Merit: 1003

Quote

could you point out a link? I found 0 information

Here you go: https://simplefx.com/about/


I found 0 information about you company there. not even the companys name, nor where it is registered.
full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App
This is indeed a great forex trading site and with awesome leverage for cryptos, is it a registered company, which country is it located and which body is regulating it.         

We are registered at Saint Vincent and the Grenadines, we do not underlie any regulations yet, we are working on it but it takes time and a lot of paperwork:)

about the company is clear information.


could you point out a link? I found 0 information

Here you go: https://simplefx.com/about/

a bit confusing specially at the demo part there are no orders or anything.

You can test demo account with full functionality without registration, but first you have to go through short tutorial.
hero member
Activity: 672
Merit: 500
a bit confusing specially at the demo part there are no orders or anything.

In FX you typically aren't going to see orderbooks. You will see what the brokers ask and sell (spread). The liquidity in FX is insane.
hero member
Activity: 616
Merit: 500
To God Be The Glory!
a bit confusing specially at the demo part there are no orders or anything.
legendary
Activity: 2388
Merit: 1003
about the company is clear information.


could you point out a link? I found 0 information
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
The site is looks professional, i like the design and about the company is clear information.
I'm watching on this Smiley

what liquidity provider or data feed had a price of 350 BTCUSD today?

https://www.mql5.com/en/charts/3682223/btcusd-m1-simplefx-ltd-bitcoin-350

btce 299
bitfinex 292
bitstamp 290


It's what i call arbitrage chance Cheesy
sr. member
Activity: 434
Merit: 250
This is indeed a great forex trading site and with awesome leverage for cryptos, is it a registered company, which country is it located and which body is regulating it.         
legendary
Activity: 2388
Merit: 1003
what liquidity provider or data feed had a price of 350 BTCUSD today?

https://www.mql5.com/en/charts/3682223/btcusd-m1-simplefx-ltd-bitcoin-350

btce 299
bitfinex 292
bitstamp 290



OKCoin went to 376
Huobi 357

and this is obviously a CFD
newbie
Activity: 42
Merit: 0
what liquidity provider or data feed had a price of 350 BTCUSD today?

https://www.mql5.com/en/charts/3682223/btcusd-m1-simplefx-ltd-bitcoin-350

btce 299
bitfinex 292
bitstamp 290

full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App
Variable spreads depends on market conditions and liquidity. I am afraid that spread reduction on EURUSD is not possible at the moment, but on BTCUSD they will be reduced even more in near term future.
newbie
Activity: 42
Merit: 0
Thank you for your response. Spread on BTCUSD is currently around 0.70 USD. Exchanges that you mentioned also have transaction fees, we don't, there is only spread. Besides, we are brokerage service, not an exchange, our offer goes far beyond BTC pairs, so you should compare us to other brokerage services. And I can guarantee that our spreads are one of the lowest among them.

I monitored your spreads for the last 48 hours, on Minute intervals and will gladly document it to showcase that you just reduced the spread to 0.70 usd.

https://www.mql5.com/en/charts/3613748/btcusd-m1-simplefx-ltd

I am happy to see the reduction on demand.

Can you do the same for EURUSD since your website says 0.1 spreads but all spreads are above 1.1 pips?

full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App
Thank you for your response. Spread on BTCUSD is currently around 0.70 USD. Exchanges that you mentioned also have transaction fees, we don't, there is only spread. Besides, we are brokerage service, not an exchange, our offer goes far beyond BTC pairs, so you should compare us to other brokerage services. And I can guarantee that our spreads are one of the lowest among them.
newbie
Activity: 42
Merit: 0
We use biggest Bitcoin exchanges as our liquidity providers and I think this is our advantage - liquidity from few exchanges in one place. We are also a forex broker and bitcoin accounts are just a small part of our offer.

If you use the biggest bitcoin exchanges for liquidity wouldn't the spread be small?
Your prices below

Ask at 246.52
Bid at 245.14
Spread =  1.38 USD

Bitstamp spread about 0.03 USD - https://bitcoinwisdom.com/markets/bitstamp/btcusd
BTCE spread about 0.10 - 0.50 USD - https://bitcoinwisdom.com/markets/btce/btcusd
Bitfinex spread at 0.01USD - https://bitcoinwisdom.com/markets/bitfinex/btcusd

That would imply you have a poor liquidity connection and you are not connected to the biggest exchanges.

What exchanges provide your BTCUSD liquidity?
full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App
We are happy to announce new deposit and withdrawal methods. Our offer is being constantly improved and we encourage our customers to share their opinions and suggestions with us. So what other payment methods would you like to see in our offer?


full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App
Recently we have updated our Webtrader platform with new functionalities. Feel free to test it with no registration.

www.simplefx.com


full member
Activity: 602
Merit: 103
SimpleFX.com - Free Trading & Investing App
We use biggest Bitcoin exchanges as our liquidity providers and I think this is our advantage - liquidity from few exchanges in one place. We are also a forex broker and bitcoin accounts are just a small part of our offer.
legendary
Activity: 2366
Merit: 1403
Leading Crypto Sports Betting & Casino Platform
Seems interesting at first glance. Keeping an eye out to see how it goes.
member
Activity: 91
Merit: 10
It's just with the volatility of bitcoin 1:100 might as well mean instant margin call, not to mention 1:500. Ouch.
Do you provide sufficient liquidity to support such leverage? What happens if the market makes an extreme move will you follow Alpari's bankruptcy?

Regardless, good luck with your venture. And courage to those who would risk it at 1:500.
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