SimpleFX follows a policy of keeping the accounts separate. The client’s funds are kept apart and not handled by the broker in financial transactions. The reasoning for this is that whenever the broker unexpectedly experiences financial trouble, they are unable to touch the funds of the client. It’s because it is in another account separate from him. It will also steer way the client from potential debtors.
More safety regulations are taken by the broker:
- Solvency: SimpleFX enforces a strict policy of adhering to solvency issues. They have funds that function as a buffer and protection from any extreme movements in the trading market. It, in turn, keeps your funds safe.
- Cold Wallet: Since most SimpleFX clients’ funds transact with cryptocurrencies, it needs to have markedly secure coin management processes set up. Its major accomplishment in this regard is called a “cold wallet protocol.” It is a safety measure wherein most of the client’s cryptocurrencies are kept in an offline wallet, which cannot be touched by online hackers. They could gain access to it because it is not affiliated with any online entity.
- Encrypted communication: All types of communication you will be doing on the SimpleFX platform is safe because it has a 256 bit of encryption data. There are precautions from potential online threats that can quickly safeguard clients accounts. It also a great way to distinguish if you are on the right SimpleFX website or a fraudulent phishing one. If you see a small lock icon on the website, that means you are on the correct one and have a secure connection.
Open account >>> Write a review Company site – www.simplefx.com
Legal name: SimpleFX.com
- Founded in: 2014
- Regulated: –
Trading conditions
- Trading platform: MetaTrader4 + https://app.simplefx.com/
- Trading tools: Forex, Crypto, Commodities, Metals, Equities (US, UK, FR, JP, DE, TR, SE, BR), Indices
- Мinimum deposit: no minimum deposits
- Maximum leverage: 1:1000
Additional information
Demo platforms: SimpleFX.com provides a demo account on it’s WebTrader
Payments system: FasaPay, Neteller, Skrill, Bitcoin, Lighting Network, ADA, ATOM, BAND, BNB, BUSD, Tokens operated on ERC20, BCH, LINK, DAI, DASH, DOGE, DOT, EOS, ETH, ETC, LTC, MATIC, XMR, ONT, CAKE, USDP (former – Paxos Standard PAX), PAXG, USDT, USDT – Omni, UNI, USD Coin, WBTC, XRP, XTZ, YFI, YFII, ZEC and tokens operated on Tron and Binance Smart Chain (BSC)
Multilanguage sites: ENG, RU, ZH, PT, ES, IT, JP, FR, RO, MY TR, KO, HI, DE, ID, AR, NL, TH, MY
Multilanguage customer support: only ENG
Customer support: Livechat available on the Webtrader + support@simplefx.com; SimpleFX provides multilingual customer support 24 hours a day, Monday to Friday. The bulk of customer support at SimpleFX consists of its client portal, FAQ section, and social media channels. In case the need arises, SimpleFX ensures easy access to live chat and E-mail.
Video – SimpleFX
