Trade BTC and ETH with 100x Leverage
Many cryptocurrency enthusiasts and long-term holders have been hit by the recent sell-off caused by the collapse of Luna and Terra coins. Bitcoin, Ethereum, BNB, Cardano, Polkadot, and many other quality cryptocurrencies suffered from the investors’ panic.
Crypto margin trading is an excellent way to cope with a bear market without moving your stash from a safe cold wallet to a crypto exchange. You can keep your Bitcoin or staked Ethereum waiting for the prices to rebound and, at the same time, protect their value with clever leveraged short positions.
On the other hand, if you believe it’s the beginning of the end of crypto and the slide will continue, shorting more coins is an excellent move to realize this strategy.
To meet these needs, SimpleFX has just increased the maximum leverage for major cryptocurrencies to 1:100. With just a $500 deposit, you can open a long or short position on Bitcoin or Ethereum worth $50,000. Give it a try now.
SimpleFX is a great app for trading cryptocurrencies. Since 2014, we have offered no fees and adjustable leverage. Unlike some competition, SimpleFX chooses its listings carefully, and there are 18 quality cryptocurrencies available now.
Remember that trading with the highest leverage available will work great for you if you predict the price action correctly. However, if the market goes against you, you can quickly lose your funds. The good news is that as your profits are unlimited, the loss is capped by the SFX negative balance protection system.
In addition to this news, SimpleFX has just added 20 new companies to its listing. The new stocks are the most demanded assets on the NYSE, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, Euronext Paris, and Borsa Istanbul. You can trade these companies now with the required margin cut in half and with free daily swaps until May 31.