There are many cryptocurrency trading platforms in the world, but one among them – SimpleFX leads the list. And, the recent Best Crypto-Trading Platform Award it received in 2017 stands proof of it. However, this is just the beginning as the company hasn’t stopped since then. SimpleFX, as a part of its mission to provide the best experience to its users, has now launched a mobile application for Android-powered devices. The app allows users to trade on the supported markets 24/7. In addition, SimpleFX also allows users to directly fund their trading accounts with cryptocurrencies.
Using the SimpleFX Mobile Application
Using the SimpleFX mobile app starts with installing it, which can be done easily by visiting the Google Play Store. Once installed, they can either choose to sing into their existing account on SimpleFX platform or just start using the demo account to get a hang of the whole trading process on a mobile screen.
The SimpleFX mobile app provides each user with a demo account with a balance of $10,000 that can be used to execute mock trades and learn how to make the best out of the trading platform.
Setting up an account is an easy process. You just have to click on the icon at the upper left corner and select the Sign-up button. If you already have an account with SimpleFX, you can simply login. Otherwise, all it takes is an email address to create a new account. Once the account is created, a validation link will be sent to the provided email. After clicking the validation link, users can set a password and log into the platform using it.
Depositing and Managing Your Trading Accounts
To begin, click “demo account balance” in the middle of your screen and then click “switch trading account.” You will now be able to see all the trading accounts, including two demo accounts and a live one.
In order to begin trading, you have to first deposit funds. To do this, click “deposit” on the top left corner and choose the destination account. SimpleFX will show you a QR code and a wallet address to which Bitcoin can be transferred. Other digital coins accepted are BCH, LTC, and ETH.
The platform also supports fiat deposits in CAD, AUD, CNY, CZK, EUR, DKK, IDR, GBP, NOK, JPY, PLN, RUB, USD, and SEK denominations. To use fiat, click the plus icon next to “live account” and pick the currency of choice to make a transfer. However, some additional verification is needed if you choose to use fiat.
Placing Orders with SimpleFX
Once the funds are added into the account, you can start placing orders and execute trades.
Click “amount” button in the middle and select your trade size. Now swipe right to sell the contract or left to buy. You will receive a notification once it succeeds. There are also other advanced features for placing orders. Click the sell or buy button to view more options.
The platform also provides a range of other features including charts (with historical data), news feed and shoutbox which comes in handy while making trading decisions.
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