hi
I was very exited to find your site and to be able to trade in BTC with MT4.
After testing a few trades in demo I could not picture the margin requirements and had a chat with your friendly support.
Now while I would love to start trading with you I think the margin requirements are extremely high making it almost impossible to use your platform for trading. As an example using 1:100 leverage on SPX500 1 lot your margin requirement are around 850 USD for 1 single lot the same position with same leverage 1:100 with my usual brokers require around 8.7 USD. Your margin requirements for the same position is more or less 100x more than other brokers which for me is unfortunately a deal breaker.
I strongly believe that you have a configuration error on the margin requirements part of your setup as no serious trader will be willing to deposit this kind of money for a single lot.
I'm a full time day trader for the pass 6 years and a bitcoin enthusiast.
Thank you in advance for your feedback
Hello,
if you are the kind person who I was talking with today about our offer compared to FXCM, then I sent you an email a moment later with some clarification. It turns out that very often 1 lot at SimpleFX does not equal 1 lot in other brokers offer because we use different contract size. For example on SimpleFX 1 lot on SPX500 equals 10 lots at FXCM.
Thank you for the reply but even then it would still be a factor 10 more "expensive" to trade on SimpleFX. On another note I unfortunately did not receive your email.