SimpleFX launches USDT deposit bonus with instant access to $150 gift

FinanceFeeds Editorial Team

Reputable brokerage firm SimpleFX kicks off October with a blast through its new bonus offer.

Customers taking advantage of the new promotion can get a $150 gift just for depositing more USDT to their live trading account. 

Traders can take advantage of a free credit in their accounts, with the opportunity to potentially grow their profits using the unique support SimpleFX is well-known for.

From another perspective, these stablecoin-based bonuses are unmatched in the industry and contribute to SimpleFX strong growth in the online trading arena.

The crypto world went into a meltdown over the last few weeks in a sell-off that, in some cases, wiped out two thirds of the value of major coins. The moment of panic amounted to the worst situation since Bitcoin erased 80 percent of its market cap in 2018. But this time, stablecoins has so far survived the ‘crypto winter.’

Stablecoin such as USDT, which is pegged to the US dollar, have held on as other cryptocurrencies crashed. SimpleFX has realized this fact and tweaked its bonus offers to give traders more sustainable rewards. 

The rules are simple. The first deposit made between today and October 7 will trigger a bonus. The larger your payment, the bigger the reward.

The new promotion comes with a bang as it opens up for investors with a lucrative deposit bonus where players can get up to $150 on deposits of $500 and higher. In practice, this also allows traders to make a deposit of more than $100 to get a total of $30 to trade with on the platform. As for deposits higher than $250, a $50 bonus will be credited to the trader’s account.    

As a trusted and safe online broker, SimpleFX has cemented its legacy in the world of online crypto trading. Today’s bonuses are synonymous with the quality of SimpleFX platform and its selection of over 30 account currencies – spanning crypto and traditional fiat money. Moreover, users have access to stake their cryptocurrency with no minimum and earn high interest on crypto deposits. 

With SimpleFX, you are able to use high leverage levels of up to 1:500 available for FX trading. Cryptocurrency traders are entitled for a leverage of up to 1:100.

A full-fledged crypto offering

Since 2014, SimpleFX has implemented world-class security protocols and procedures. The app stores cryptocurrencies in cold wallets and protects user accounts with two-factor authentication. For additional security, SimpleFX requires email confirmations for withdrawals.

Numerous possibilities the broker offers include earning daily rewards from staking cryptocurrencies, the ability to use staked funds for margin trading, diverse conditions and assets catalogue to trade. These features are all supported by educational materials and trading contests for active traders.

SimpleFX offers exposure to various asset classes including FX pairs, indices, metals, commodities, energies, cryptocurrencies, etc.  This range is quite unique as it includes mainstream instruments to diversify your portfolio as well as new assets that the retail crowd has shown up en mass. 

SimpleFX puts at your disposal a range of more than 60 FX pairs to choose from including exotic currencies such as the Turkish Lira, South African Rand and Israeli Shekel. The broker also offers a wide range of indices, 8 cryptocurrency pairs and precious metals to trade with. 

SimpleFX provides cryptocurrency fans with a wide spectrum of trading/investing tools. The platform can communicate directly with your crypto wallet. Crypto deposits and withdrawals in SimpleFX are free of charge and are processed within a few minutes.

While traders may primarily buy or sell cryptocurrencies on the platform, SimpleFX allows Ethereum holders to also stake their tokens and earn an interest yield, much like a certificate of deposit or saving bank account.

What’s more, SimpleFX also supports TRON payments for Ether, BEP20 payments for Binance, and Lightning Network payments for Bitcoin holders.

SimpleFX Community

Another reason why SimpleFX stands out among other providers is that they are willing to improve and develop their product in the direction their users want. For this purpose, SimpleFX has designed a dedicated community for its investors who are passionate about sharing trading ideas. Post your suggestion on community.simplefx.com, and the development team will add new features for you.

By a few clicks, traders can sign in by simply connecting their Facebook or Google+ account. Additionally, if you need any help or strategy, you can always use SimpleFX shoutbox to discuss market situations with other users.

What about crypto CFDs? 

As cryptocurrencies evolved, SimpleFX has introduced more profit-making possibilities. One such method it offers for clients is cryptocurrency CFD trading. This type of derivatives trading, originating from the stock market, has made its way into the digital asset markets. 

Crypto CFDs are much the same, just with cryptocurrency as the underlying instrument rather than traditional assets. However, they are a little more complex, though it can be lucrative. 

Cryptocurrency CFDs enable traders to choose the assets they trade and provide plenty of opportunities to make a profit in both bull and bear markets, with little need for massive amounts of capital. With this in mind there is a good chance that you can generate good returns.

Read this next

Retail FX

Weekly Roundup: eToro links up with Elon Musk, US crackdown on Russian FX

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

blockdag

Must-Watch Top 5 Crypto Picks for Q2 2024 Featuring BlockDAG, Toncoin, Solana and More

Dive into BlockDAG’s meteoric rise and explore other promising altcoins like Pepe, Toncoin, Solana, and Render for superior returns.

Retail FX

Clone of Admiral Markets draws FCA attention

The United Kingdom’s financial markets watchdog today unmasked another fraudulent entity, this time bringing to light a clone firm that has been posing as FCA-‎authorised brand, Admiral Markets UK Ltd.

Digital Assets

Gemini Earn users to recover $2.18 billion in crypto payouts

Cryptocurrency exchange Gemini has agreed to pay $50 million worth of digital assets to investors in its Gemini Earn program as part of a settlement with the New York Attorney General (NYAG), announced on Friday.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: British Pound (GBP) Weakness, US Inflation, Euro, USD June 14 ,2024

British Pound weakens due to lower inflation expectations, potential policy changes from Reform Party, and broader economic concerns.

blockdag

Q2 2024’s Top 5 Cryptos to Buy: BlockDAG, Pepe, Toncoin, Solana and Render

Learn about 2024’s Q2 top 5 cryptos. Explore potential high-return and advancements of altcoins like BlockDAG, Pepe, Toncoin, Solana, and Render.

Fundamental Analysis, Tech and Fundamental, Technical Analysis

GBPCAD Technical Analysis Report 14 June, 2024

GBPCAD currency pair can be expected to fall further toward the next support level 1.7250, former strong resistance from last year.

Digital Assets

Binance acquitted of tax evasion in Nigeria, now faces AML charges

Nigeria has dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the world’s largest cryptocurrency exchange appointed a local representative to handle court processes related to the allegations.

Digital Assets

Trezor launches new hardware wallet ‘Safe 5’ with fresh security features

Crypto hardware wallet manufacturer Trezor announced on Friday the launch of its latest flagship product, the Trezor Safe 5, featuring upgraded security to promote self-custody of digital assets.

<