What a year! On one hand, 2020 was the year of pandemic and global lockdowns. A tough time for many people around the world.
On the other hand, financial markets made up for that. Many of 257,000 SimpleFX traders worldwide noted impressive gains on the dynamic markets. No wonder the number of active SFX users skyrocketed.
Stocks and commodities crashed unprecedentedly in late February and early March. S&P 500 lost over 34% in less than four weeks. However, stocks proved to be a fantastic investment. S&P500 more than recovered. It has risen 40% since March and recorded new historic highs. Nasdaq stars, like Tesla, went up 90% since spring.
Can you beat this? In 2020 everything is possible. USOIL went negative in April! Since then it went up to $47 per barrel on SimpleFX.
Finally, Bitcoin. BTCUSD dropped 60% below $4,000 during the Feb-March liquidity squeeze. Everyone knows what happened at the end of the year. Bitcoin broke through $20k for the first time and is trading above $23,000 at the moment.
Cryptocurrency’s popularity at SFX went through the roof. We added Chainlink to our platform, as well as new fiat currencies: INR, IDR, SGD, MYR, ZAR.
SimpleFX ended 2020 as one of the leading global trading platforms. Finally, in December we won a special award. Traders gathered around Rankia, the biggest online community of Spanish and Portuguese-speaking traders with over 500,000 registered users, voted SimpleFX the best mobile trading app, ahead of eToro and XTB! Thank you once again 🙂
We’ll continue to improve our platform in 2021. We are working on new Android and iOS apps.
More investing opportunities, new homepage with faster loading time and higher conversion rate, more special offers & deposit bonuses, more payment methods, and assets to trade. Stay tuned!
Thank you for being with us during the bizarre 2020. We are happy we could help so many of you make money during this difficult time of pandemic and market turmoil. Remember – margin trading with SimpleFX is the best answer to the growing volatility.
Happy holidays and fantastic, profitable 2021 to every one of You. Trade with us over the upcoming holiday period.