Review: A Look at SimpleFX’s New Webtrader App

SimpleFX has created a user friendly and attractive web platform solution that is fast, safe, and accessible

SimpleFX has just launched its new Webtrader app. The app, which allows mobile trading, offers a range of intuitive and useful features. The charts themselves have 8 different timeframes ranging from one-week intervals to one-minute intervals.

There is the usual selection of chart tools for using on the charts including a colorful Fibonacci retracement tool. Moreover, there are a number of indicators on the platform: moving averages, Bollinger bands, parabolic SAR, MACD, RSI, the stochastic oscillator, average true range, and the volume and intraday momentum Index.

The layout of the terminal has a range of added features. On the right-hand side of the screen there is a recent news tabwhich provides a stream of news articles offering a range of opinion and analysis on current sentiment and recent events. On the same side of the screen, underneath the news TV tab, there is a continuous streaming of Bloomberg TV which provides updated commentary, news and analysis.

The trade terminal displays open trades clearly at the bottom of the chart and enables you to see at a glance open price, stop loss and take profit levels. Open orders, profit and total equity of the account are displayed clearly at the bottom of the whole screen.

SimpleFX, FX, cryptocurrencies, webtrader

There is also a diverse range of markets that can be traded from the symbols catalogue to the left of the terminal screen underneath ‘symbols’. You have 60 currency pairs to trade as well as the major indices, commodities and precious metals. There is also a selection of individual equities from Germany, Japan, US and Sweden which can be accessed.

Spreads start as low as 0.1 point and spreads for the demo accounts are exactly the same as for live accounts, so you get an honest and upfront reflection of the spread the moment you start using the demo platform. One-click trading is also available for ease of market access.

As well as the Webtrader App, which allows for coordinated mobile trading, there is also the ever popular MT4 platform available on both desktop and mobile devices. The MT4 platform can be download for Windows, macOS and Linux.

So, if you would prefer to stick with what is familiar then this maybe the option for you. However, the web platform has a number of user friendly tutorials available to familiarizes yourself with the platform and its features too, so it should not take long to master the web platform.

SimpleFX, FX, cryptocurrencies, webtrader

SimpleFX, FX, cryptocurrencies, webtrader

There is no minimum deposit that has to be made, so it is also an ideal choice of broker for those with small deposits. There is a total of fifteen different base account currencies for you to choose from including a cryptocurrency account for you to deposit your Bitcoins into.

Deposits themselves are made with an encrypted system with your personal details being kept on offline servers. Deposits can be made via nine different methods and are quickly available to be traded with.

Cryptocurrency withdrawals are processed within 24 hours, while fiat withdrawals may take up to 5 days. An added feature of SimpleFX to mention is their foreign exchange service which allows you to access competitive rates in exchanging currencies between two accounts. Please see the terminal itself for more details.

Your funds are safe too. SimpleFX have segregated client accounts as well as negative balance protection. The negative balance protection ensures that you can never lose more than you deposit, and it makes it much easier to limit losses.

There is a ‘shoutbox’ feature too which enables you to contact other users and share trading ideas and comments. Trading at home has considerable benefits, not having to travel to a place of work, being able to wear what is comfortable and avoiding long and tiresome commutes.

However, having the ability to access a community of traders from your platform can be an added benefit in providing some fellow traders to talk with. Trading can be a lonely pursuit at times. SimpleFX also has a fast and competitive affiliates program which provides up to 25% of the trading spread generated by each trader that you bring to SimpleFX.

You can also earn a further 5% of your friends’ revenue share which they earn from any traders they may have referred. In this way revenue can quickly accumulate over time.

If you ever get stuck on the platform, or just want to ask a question support on the platform is available 24 hours a day and seven days a week either by e-mail or by accessing live support on the webtrading platform.

In conclusion, SimpleFX has created a user friendly and attractive web platform solution that is fast, safe and accessible. Demo accounts can be quickly set up on the platform, so you can try these features for yourself.

Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.

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