BitMEX vs SimpleFX

BitMEX vs SimpleFX Comparison Table 2023
BitMEX Review 2023	SimpleFX Review 2023
Review 3.2	Review 4.2
Traders from US not accepted See available crypto brokers	Traders from US not accepted See available CFD brokers
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
Great customizability using widgets within the platform, making it easier to see exactly what you want A platform solely designed for crypto makes it more streamlined than multi-asset terminals Access to a considerable amount of information directly from BitMEX, freely available on their site The opportunity to talk to investors from all over the world using the inbuilt chat functionality High levels of security, ensuring that trading on the exchange is relatively secure 24/7 A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin Earn interest on HODL-ing tokens – Tether and Bitcoin Highly leveraged crypto trading with rates up to 1:100 Insurance fund to avoid liquidation plus python API	API & VPS support SimpleFX crypto coin Fast customer service Beginner-friendly platform Multi-currency single account Lightning fast Bitcoin payments Community forum to share trading ideas Crypto staking solution with no starting deposit
Cons
BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies The interface is not as new, stylish or innovative as other options on the market Withdrawals are only carried out at a set time of day Legal dispute with US regulators resulted in fines Only Bitcoin is accepted for free withdrawals Range of crypto assets not as wide as rivals'	Weak regulatory oversight No MetaTrader 5 integration Limited non-crypto funding methods
Awards
	The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw Best Mobile App 2020 - Rankia Awards The Best Trading Platform, Finance World Expo 2019 - Zug Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Instruments
Crypto	Forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0.01	$0
Trading Platforms
AlgoTrader TradingView	MT4
Payment Methods
Bitcoin Payments Ethereum Payments	Bitcoin Payments Credit Card Ethereum Payments FasaPay Neteller Skrill
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
	USD EUR GBP
Stock Exchanges
	Australian Securities Exchange CAC 40 Index France Dow Jones Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
	Gold Natural Gas Silver
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
BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS	BTC BHC LTC ETH ETC XRP LNK WAV XTZ YFI ADA DOT EOS NEO BNB XMR
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	Yes
Auto Market Maker
Yes	No

Review	Review
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