Gate.io vs SimpleFX

Gate.io vs SimpleFX Comparison Table 2024
Gate.io	SimpleFX
Review 2.3	Review 4.2

Gate.io is an established crypto exchange, founded in 2013. The firm offers its native token, GateToken, alongside a vast range of crypto derivatives, NFTs, investment products and more. Gate.io is unregulated but has earned a strong reputation, with over 10 million active users.	SimpleFX is an online broker specializing in CFD and cryptocurrency trading, with multi-currency accounts, STP execution, low pricing and no minimum deposit. Bringing innovation and gaining recognition at numerous industry events since 2014, SimpleFX now caters to retail traders from over 190 countries, boasting a client base exceeding 200,000 active users.
Comment by Reviewer
"Gate.io will attract experienced traders looking for diverse crypto opportunities, NFTs and favorable trading fees. However we don't consider this exchange secure with little to no regulatory scrutiny."	"SimpleFX is ideal for users looking to deposit, trade and withdraw in popular cryptos such as Bitcoin and Ethereum. It also stands by offering its own SimpleFX Coin, providing rebates and exclusive perks to holders."
Pros
180+ crypto tokens available and 100+ crypto deposit methods Lending and yield farming supported, plus an NFT marketplace Unlike many exchanges, Gate.io offers a free demo account with virtual funds Derivatives trading available with leveraged tokens up to x100 and spot contracts A range of community and social features are available including a chat room, leaderboards and live streams Wide range of educational resources aimed at various experience levels plus a Beginner's Zone with rewards Gate.io wallet for crypto-asset storage	SimpleFX’s proprietary WebTrader - powered by TradingView - delivers a stable day trading environment with a user-friendly interface that’s accessible even to novice traders. With MT4 support, experienced traders can access sophisticated charting tools, advanced technical indicators, customizable algorithms, and expert advisors (EAs) for automated strategies. SimpleFX underwent a revamp in 2021, now sporting a slicker client area with faster load times and a social trading community where you can exchange ideas. With leverage up to 1:1000, day traders have the potential to amplify their positions significantly, allowing for greater exposure to market movements and magnified returns (as well as losses). The range of cryptocurrencies available for trading is broad, encompassing well-known selections such as ADA, BTC, and ETH, as well as more specialized options like YFI, YFII, and ZEC.
Cons
Cluttered platform which may deter beginners Unregulated exchange raises security concerns Limited customer support methods Daily withdrawal limits and fees Fiat deposits are not accepted No customers from the USA	SimpleFX operates with weak regulatory oversight, allowing it to offer high leverage, but meaning it faces less stringent supervision from authorities compared to brokers like IG which operate in tightly regulated jurisdictions. While the Bloomberg TV news feed and economic calendar are valuable resources, the lack of research tools like Autochartist and Trading Central is a serious disadvantage for traders wanting support in identifying opportunities. The educational tools are okay but not great. The ‘Opinion’ section needs updating more frequently while video tutorials covering market analysis and risk management would be valuable additions for beginners. The availability of only a few non-crypto funding methods is a downside for traders seeking more diverse and convenient options for managing their accounts.
Awards
	Best Support 2023, Crypto Expo Europe 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
Spot and crypto derivatives	CFDs, Forex, Indices, Stocks, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
Own	WebTrader MT4
Payment Methods
Banxa Bitcoin Payments	Bitcoin Payments Credit Card Ethereum Payments FasaPay Neteller Skrill Wire Transfer
Minimum Trade
$10	0.01 Lots
Regulator
	FSC
Margin Trading
Yes	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
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
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes (iOS & Android)	iOS, Android + WebTrader
App Review
	SimpleFX provides a proprietary app for both Apple and Android mobile devices. The application boasts a user-friendly design, facilitating easy opening and closing of trades with access to the broker’s 220+ tradable assets. However, occasional unresponsiveness during testing, alongside an average charting package, means it won’t meet the needs of highly active traders.
Android App Rating
	3.8
iOS App Rating
	4.4
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
No	Yes
VPS Hosting
No	No
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 (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	SimpleFX stands out with highly leveraged trading options up to 1:1000 covering popular asset classes, including stocks, indices, currencies and commodities. Additionally, the social community serves as an excellent resource for gathering CFD strategy tips and short-term trading ideas.
Leverage
	1:1000
FTSE Spread
	1.3
GBPUSD Spread
	1.2
Oil Spread
	0.04
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	SimpleFX provides a comprehensive selection of around 60 currency pairs, from majors like GBP/USD to exotics like CHF/PLN. Forex trading fees are competitive, averaging 0.9 pips on EUR/USD during testing, while MetaTrader 4, available on desktop, web and mobile, was built specifically for trading currencies online.
GBPUSD Spread
	1.2
EURUSD Spread
	0.9
EURGBP Spread
	1.0
Assets
	57
Cryptocurrency
Gate.io supports 180+ altcoins, with an impressive 670 assets that can be traded against USD, 89 BTC markets and 520 ETH markets. Active traders are favored with the tiered fee structure, paying as little as 0.055% for maker fees.	SimpleFX’s strongest offering is its crypto trading environment, with a growing range of tokens, including Bitcoin and Ethereum paired with the USD. Its crypto-based accounts also ensure a smooth trading experience for crypto enthusiasts, while the bespoke staking service allows capital to be utilized for margin trading.
Spread
Variable	45.57
Coins
GT THETA CNYX USDT USDT ETH BTC BCH BSV ETH ETC EOS XRP LTC ZEC DASH QTUM QUTM_ETH DOGE OCN BTM TRX ONT BTG BAT SNT BTM_ETH CVC REQ RDN KNC LINK THETA SHIB VET	ADA APE ARB AVA BCH BNB DASH DOT EOS ETC ETH FET FIL INJ LNK LTC MATIC NEO SOL TIA WAVE XTZ YFI ZEC
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

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