BitMEX vs SimpleFX
BitMEX Review 2023 | SimpleFX Review 2023 |
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3.2
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4.2
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BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange. |
SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts. |
Bonus Offer | |
Fee reduction for BMEX token holders | |
Comment by Reviewer | |
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives." | "SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Crypto | Forex, indices, shares, commodities, cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0.01 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
Variable | 0.01 Lots |
Regulator | |
Republic of Seychelles | |
Margin Trading | |
Yes | Yes |
STP Account | |
No | Yes |
ECN Account | |
No | No |
DMA Account | |
No | Yes |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
No | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
Yes | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS, Android + Web Trader |
Auto Trading | |
BitMEX Market Maker, BotVS, and via API | Yes |
Copy Trading | |
No | No |
Social Trading | |
Yes | Yes |
Trade Signals | |
Yes | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
3% | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | Go long or short on over 170 CFDs with high leverage up to 1:500. The broker's social community is also a great place to pick up CFD strategy tips and trading ideas. |
Leverage | |
1:500 | |
FTSE Spread | |
1.3 | |
GBPUSD Spread | |
1.2 | |
Oil Spread | |
0.03 | |
Stocks Spread | |
Variable | |
Forex Trading | |
Forex trading not offered | SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels. |
GBPUSD Spread | |
1.2 | |
EURUSD Spread | |
0.9 | |
EURGBP Spread | |
0.9 | |
Assets | |
60 | |
Cryptocurrency | |
BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging. | SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading. |
Spread | |
-0.01% maker, 0.075% taker | From 0.0001 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
Yes | Yes |
Auto Market Maker | |
Yes | No |
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More Comparisons | |
BitMEX vs |
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