SimpleFX launches trading app with cryptocurrency in focus
Try trading bitcoin in an easy way
FX and CFD retail broker SimpleFX has launched new cryptocurrency offerings. The Android OS mobile app will allow clients to trade on global markets 24 hours a day, 7 days a week.
One of the main advantages of the software available for smartphones and tablets with Android is the ability to use cryptocurrencies as a deposit currency. Users can use maximum financial leverage up to 1:500.
Forex, crypto and access to a broad class of assets
The addition of the app to SimpleFX's trading suite will increase responsiveness and improve loading times. The team at SimpleFX aims at both novice and experienced traders, with a tailor-made GUI for retail traders.
"We have decided to launch the trading app before rebuilding the Webtrader as over half of our retail clients trade online using mobile devices," the team at SimpleFX has commented ahead of the launch. "our clients have been inquiring about a trading app that would be easier to use than MetaTrader 4 platform for trading CFDs. Looks like we made it."
Of note, users can utilize SimpleFX's mobile application without having to set up an account. The demo is created automatically with $10,000 of virtual funds, which can then be used to trade cryptocurrencies, commodities, forex, precious metals, stock exchange indices, and shares of the most popular companies. Among the cryptographic tokens, users may find all the most popular assets at their disposal such as Bitcoin, Ethereum, Ethereum Classic, Litecoin, and Ripple.The main screen of the app gives an access to the list of favorite symbols (which can be freely modified), positions (opened, pending or closed), newsfeed presenting the most important information from the market and shoutbox divided into categories in terms of an asset class. This solution enjoys great popularity in the web version of the SimpleFX platform.
Currently, the beta build is available in thirteen different language versions, including Arabic, German, English, Spanish, French, Indonesian, Japanese, Polish, Portuguese, Romanian, Russian, Vietnamese and Chinese.
Chart, features and quick transactions
Clicking on a chosen instrument, the trader sees the graph (linear at D1 timeframe as default), which can be moved to check historical prices. It is possible to change the interval (from M1 to W1) and select one of four types of available charting.
Amongst the most interesting functionalities, traders can also explore the possibility of swipe trading. All you need to do is enter the size of the transaction and then move the finger either to the right to see the asset or to the left to buy it.
Of course, it is also possible to set the parameter of each order more precisely by selecting the SELL or BUY buttons. After that, users are able to choose "market" or "pending" tabs, set the size of the positions, and use take profit or stop loss orders.
Another great convenience is the automatic conversion of the transaction size into its value in the base currency and information about the required, minimum deposit, which is necessary to execute the order.
All accounts in one place - deposit funds in cryptocurrencies or fiat money
The SimpleFX mobile app allows its users to deposit funds in several diffe
rent currencies. In orders to use the traditional means of payment, (AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, IDR, JPY, LIT, PLN, RUB, SEK, and of course USD) it is necessary to verify personal account and provide detailed information.
On the single screen, the user can add new accounts, manage and transfer funds between them, freely switching from one to another. This allows for constant control of personal balance and the use of both accounts, for example in US dollars and Bitcoins.
Any feedback? Let the team know
The campaign currently run by SimpleFX will allow users to not only to gain additional benefits from the active usage of the platform, but at the same time improve its overall functionality. Traders who prefer desktop solutions can also utilize a web-based app, extended with technical analysis tools or download the MetaTrader 4 software that is enhanced with the Expert Advisors and strategies.
The article is provided by SimpleFX, an innovative broker offering trading in FX, CFDs, and Cryptocurrencies.