SimpleFX is an NDD offshore broker that offers 60 online trading currency pairs including indices, commodities, and precious metals, as well as several cryptocurrencies through both the MetaTrader 4 and the online-based platform.
The platform was founded in 2014 under the brand of SimpleFX Ltd. which is a company registered in the St. Vincent and the Grenadines. The reason behind the location being in the Caribbean is clear – it is a popular destination attracting a lot of forex and binary brokers because its registration procedure is simple and low-cost. While this may be something that will make a lot of investors skeptical, it is also something that the company does all in order to protect its entire market capitalization.
Everything is based on a unique web-based CFD trading platform which lets you buy cryptocurrencies CFD and basically speculate on the rise or fall of the underlying assets. This is why CFD trading is popular and how it can be very lucrative (but also lead to large losses).
However, SimpleFX also offers you standard trading through the MT4 trading platform, offering a wide range of underlying assets to trade in all asset classes such as Forex, Commodities, indices, precious metals, equities and most importantly for us, cryptocurrencies.
This basically makes SimpleFX one of the most innovative offshore brokers that offer a wide range of financial instruments to trade such as currency pairs, various CFDs and cryptocurrencies. Even though they are not regulated, the brokerage is worth checking out and can bring you tons of profits, especially for Bitcoin users.
The platform is really simple to use and offers the most intuitive forex and CFD trading tools available on the market. For those who are just starting and are new to crypto trading, there is a guide available with several tutorial videos that give the explanation on how to use the platform. There is also LiveChat option available for any questions you may need plus a option to deposit directly from inside the platform is available as well.