Connect with us

news

SimpleFX broker review 2020: How to buy cryptocurrencies as CFD

SimpleFX is an award-winning CFD broker that lets you trade over 200 symbols in one place. It houses popular trading assets like forex, stocks, commodities, cryptocurrencies, and more. This broker has served since 2014 in over 160 countries worldwide and is registered as an International Business Company in St. Vincent and the Grenadines. It boasts…

SimpleFX is an award-winning CFD broker that lets you trade over 200 symbols in one place. It houses popular trading assets like forex, stocks, commodities, cryptocurrencies, and more. This broker has served since 2014 in over 160 countries worldwide and is registered as an International Business Company in St. Vincent and the Grenadines. It boasts of excellent trading conditions with up to 500x leverage – the highest in the market.

Easy trading anytime

If you want to trade anytime and from anywhere, SimpleFX is the right place. SimpleFX is a simple yet feature-rich trading tool for both beginner and seasoned traders. Traders can easily buy or sell any asset on the SimpleFX mobile app, which is available on both Android and iOS devices. The SimpleFX WebTrader can also be accessed from a desktop or laptop using a web browser. Just go to the SimpleFX website, log in, and you’re ready to trade. Seasoned traders can opt to trade using the MetaTrader 4 versions available on desktop and mobile devices.

simplefx

SimpleFX is the go-to trading app for both beginner and seasoned traders

The SimpleFX WebTrader has a clean and easy-to-use screen for trading a huge list of instruments. Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin are available alongside gold, stocks, commodities, and other symbols. Everything is found on a single screen and trading is a straightforward process. Just pick a symbol from the left panel, click “new order,” set your order details, and hit “buy” or “sell.” All transactions are recorded on the tabs found at the bottom. On the right side of the screen, you can see a blog and news feeds so traders are up to date with the latest market happenings and make timely trades.

The platform has fully customizable features. You can easily change the chart type, chart view, and you can use basic and advanced charting tools found at the top part of the screen. What’s great about it is that the symbols panel on the left and the feeds panel on the right can be hidden using toggle arrows. This way, you can focus on what data you want to see.

The SimpleFX trading platform is available 24/7. You can trade cryptocurrencies anytime, and other symbols from anywhere subject to their respective market trading schedules. This broker has also active social media accounts on YouTube, Twitter, and Facebook.

Deposits and withdrawals

Convenient payment using cryptocurrencies and fiat money are available. Users can deposit in Bitcoin, BitcoinCash, Chainlink, Dash, Ethereum, Litecoin, and Monero with zero fee and no minimum and maximum limits. Payments in Tether ERC20 and Tether Omni have a minimum deposit requirement of USDT 0.01.

Traders can also make deposit payments using fiat money through trusted partners such as Fasapay, Skrill, and Netteler. Payments through Skrill and Netteler require a 20 USD minimum deposit and no maximum limit.

Withdrawals in cryptocurrencies are free and have the following minimum limits: Bitcoin 0.001, BitcoinCash 0.001, Chainlink 1, Dash 0.01, Ethereum 0.02, Ethereum Classic 0.02, Litecoin 0.005, Monero 0.01, Tether ERC20 (USDT 5), Tether Omni (USDT 10). Withdrawals in cryptocurrencies are processed within 24 hours.

SimpleFX traders can also withdraw their earnings in fiat money via Fasapay, Skrill, and Netteler. Fasapay has no maximum/minimum withdrawal limits but requires a 1% withdrawal fee. Neteller has a 3% fee, no maximum withdrawal limit, and a $10 minimum withdrawal requirement. Lastly, Skrill also has a 3% fee, a $10 minimum withdrawal limit, and a $50000 maximum limit. Withdrawals in fiat money are processed within 72 hours.

Traders must take note that the same method should be used for both deposit and withdrawal. If more than one method was used, then the method with the biggest deposit or withdrawal should be used.

Trading with leverage

 SimpleFX offers traders the freedom to pick leverage from 1x up to 500x. Trading with leverage is a great way to boost trading revenue without investing a lot. When you trade on leverage, you can open a position based on a margin amount or a percentage of the position value. The broker provides the borrowed funds. For example, you can buy Apple stocks with $100 traded with 100x leverage and end up with a position amounting to $10,000. Pushing further with 500x leverage, the $100 that you initially had will be $50,000. In other words, leverage offers higher returns. SimpleFX caters to a wide range of traders with different risk appetites.

Risk management

SimpleFX offers demo accounts to its traders. A demo account is a feature where traders can place orders using mock funds but with real market data. It’s a great venue to practice trading or try out different trading strategies without risking any real capital. Upon sign up, traders can easily create a demo trading account alongside the live accounts. It is free and has all features present in live trading.

Another great feature in the SimpleFX is that the system automatically protects traders from negative balance if the market goes unfavorable. If a trade is not successful and can result in a negative balance account, SimpleFX instantly closes that position. This way, the trader’s loss is only limited to the deposit amount and does not include any borrowed funds. This feature lets traders earn unlimited income with limited loss.

Conclusion

SimpleFX offers one of the best trading conditions among CFD brokers. Traders can easily trade popular instruments in different asset classes in a single app. The high leverage of up to 500x lets traders get more freedom in their trades. SimpleFX also has no commissions, no minimum deposit requirements, and no strict KYC involved. Anyone can start trading immediately. Just create a free trading account using an email address. The ability to deposit and withdraw in both cryptocurrency and fiat money is very convenient especially for traders in countries not yet embracing crypto.

Continue Reading
Advertisement

news

Statements about Cryptocurrency

Statements about Cryptocurrency

Cryptocurrencies are in a bubble and regulators could burst this at a whim.

  • Eight years after the introduction of Bitcoin, there are now over 900 cryptocurrencies and their prices are at all-time highs.
  • Richard Schiller categorizes bubbles as an underlying story driving the market forward, as opposed to the fundamentals of the assets. Cryptocurrencies are riding on a narrative of economic empowerment and freedom.
  • Despite the widespread attention that cryptocurrency receive, many of the actors involved in the market are not fully informed. Debate tends to turn to hype and naive investors are buying crypto-assets without fully understanding what they are.
  • Banks spend 73% of the market capitalization of Bitcoin each year on regulatory compliance. Crypto-assets are currently unregulated and free of these restrictions. As such, the market has thrived but also developed some bad habits.
  • Regulators cannot necessarily shut down cryptocurrencies, but they can restrict liquidity into them from fiat currencies and hamper their growth. The global derivatives market, for example, is worth $1.2 quadrillion, dwarfing Bitcoin’s $100 billion market cap.

Statements about Cryptocurrency

Market manipulations in crypto markets are undermining their credibility.

  • Due to low liquidity, no regulation, and a lack of clear understanding of the markets, pump and dumps are widespread in crypto markets. This is where a speculator can artificially sell while concurrently buying their own currency, wait for the market to rise, and then dump their holdings.
  • Frontrunning is also a common occurrence in ICOs, where early investors—who are used to show initial faith in the enterprise—buy discounted tokens before immediately selling them on.

As with historic bubbles, scams are exploiting naive investors.

ICOs can have the characteristics of vaporware. Entrepreneurs are raising hundred of millions of dollars purely on concepts. Money is being raised from investors who do not truly understand the technical concepts being proposed to them, let alone whether they are feasible.

  • The actual asset structures of ICOs are not only complex but also new forms of assets in their own right. This further confuses investors, which is compounded by the “FOMO” mentality of rushing into investments and following the crowd.
  • The use of celebrities to promote ICOs further demonstrates the use of manipulative marketing techniques used to cajole immature investors into participating in ICOs.
  • The current ICO craze is reminiscent of the South Sea Bubble of the 18th century, a speculatory period that involved crazed investment into enterprises in the New World. Once one of the highest valued companies of all time, the South Sea Company’s bubble burst and the company disappeared almost as quickly as it appeared.

Blockchains are still not proven technology, and more work is required.

  • Blockchains are still new concepts and their technology has not yet been proven on a consumer-wide scale. Attention should be focused on developing this, not speculating on short-termist projects.
  • The security of blockchains is a concept that most investors in crypto-assets do not understand. The onus is on them to protect their assets, which, on the basis of the amount of thefts and frauds in the space, is not being done properly.

There are some solutions to these issues.

  • A less polarized mentality of “us against the world” is needed; this could be enforced by the promotion of self-regulatory standards. These could also help to highlight the bad actors in the ecosystem.
  • More development is required into the underlying technology of blockchains. In the long run, this would be far more valuable than ICO moon-shot projects.
  • Awareness and discussion needs to be promoted. Conferences should present balanced debates from both sides of the crypto-view and more emphasis should be placed on educating investors instead of soliciting their investments.

Originally Published here at https://www.toptal.com

Statements about Cryptocurrency

Continue Reading

news

CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

Continue Reading

Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

Continue Reading

Trending