Compare IDEX vs SimpleFX
On this page, you can compare IDEX with SimpleFX. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDEX was founded in 2016 in Panama. SimpleFX was founded in 2014 in Saint Vincent and the Grenadines.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is SimpleFX. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDEX is Decentralized and SimpleFX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. SimpleFX has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese. SimpleFX has 19 languages available, including English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Dutch, Vietnamese, Turkish, Indonesian, Malay, Hindi, Arabic, Thai and Romanian.
| Company | ||
|---|---|---|
| User rating | 15 user review | 18 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 15 user review | 18 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
SimpleFX is a trading platform supporting different classes of assets including cryptocurrency. The platform was founded in 2014. It is registered in Saint Vincent and the Grenadines.
|
Founding Date
| 2016 | 2014 |
Country
| Panama | Saint Vincent and the Grenadines |
Type
| Decentralized | Centralized |
Languages
| English, Spanish, Korean, Russian, Chinese, Vietnamese | English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Dutch, Vietnamese, Turkish, Indonesian, Malay, Hindi, Arabic, Thai, Romanian |
Mobile app
| - | iOS, Android |
Full address
| Unknown | No data |
Fees
|
Maker: 0.1% Taker: 0.2% |
No data |
| About |
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
SimpleFX is a trading platform supporting different classes of assets including cryptocurrency. The platform was founded in 2014. It is registered in Saint Vincent and the Grenadines.
|
|---|---|---|
| Founding Date | Founding Date 2016 | Founding Date 2014 |
| Country | Country Panama | Country Saint Vincent and the Grenadines |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Spanish, Korean, Russian, Chinese, Vietnamese | Languages English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Dutch, Vietnamese, Turkish, Indonesian, Malay, Hindi, Arabic, Thai, Romanian |
| Mobile app | Mobile app - | Mobile app iOS, Android |
| Full address | Full address Unknown | Full address No data |
| Fees |
Fees
Maker: 0.1% Taker: 0.2% |
Fees No data |
Trading
IDEX trading volume is 449,214.0. The exchange has 615 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
SimpleFX trading volume is 0. The exchange has 16 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 449214 | 0 |
Pairs
| 615 | 16 |
Coins
| 480 | 16 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Percentage | No Fees |
Margin
| Volume | Volume 449214 | Volume 0 |
|---|---|---|
| Pairs | Pairs 615 | Pairs 16 |
| Coins | Coins 480 | Coins 16 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Percentage | Fees No Fees |
| Margin | Margin | Margin |
Safety
Two factor authentication
Verified
| Verified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Unverified |
Social
Website
| idex.market | simplefx.com |
| @aurora_dao | @SimpleFXcom |
Number of followers
| 378 | 2300 |
| Website | Website idex.market | Website simplefx.com |
|---|---|---|
| Twitter @aurora_dao | Twitter @SimpleFXcom | |
| Number of followers | Number of followers 378 | Number of followers 2300 |
Rating
| User rating | 15 user review | 18 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDEX user rating is 3.7, based on 15 user reviews. SimpleFX user rating is 5, based on 18 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare IDEX with SimpleFX. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. IDEX was founded in 2016 in Panama. SimpleFX was founded in 2014 in Saint Vincent and the Grenadines.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is SimpleFX. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
IDEX is Decentralized and SimpleFX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. SimpleFX has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese. SimpleFX has 19 languages available, including English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Dutch, Vietnamese, Turkish, Indonesian, Malay, Hindi, Arabic, Thai and Romanian.