SimpleFX is a well-established broker since 2014. SimpleFX has a headquarter in Saint Vincent and Grenadines. It is are generally well-suited for SimpleFX to provide their Forex/CFD trading services to global clients.


Company Information

Website
simplefx.com

Established
2014

Country
Saint Vincent and Grenadines

Features

Bonus offers

Free education

Trading by telephone

Affiliate program

Account Information

Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by SimpleFX is up to 1:500. Meanwhile, you can open an account with a starting capital of $1.

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Minimum Deposit

$1

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Maximum Leverage

1:500

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Spread

Variable

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:



Minimum Deposit $1

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Browser-based platform

Instruments Traded

Besides lots of currency pair, SimpleFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, SimpleFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500

Energies

Energies
1:500

Cryptocurrencies

Cryptocurrencies
1:500

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

SimpleFX also provides payment with Zcash, USD Coin (USDC), Tron, Tether (USDT), Monero, Litecoin, Ethereum Classic, Ethereum, EOS.IO, Dogecoin, Dash, Dai (DAI) and Bitcoin Cash




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, SimpleFX offers you MetaTrader 4, Mobile Trading Platform and WebTrader.

Customer Support

Do you have any question or find any trouble related to SimpleFX? If you do, you should reach SimpleFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
Dutch
English
French
Hindi
Indonesian
Italian
Japanese
Korean
Malay
Portuguese
Romanian
Russian
Spanish
Thai
Turkish
Vietnamese

Office
Support

Email
Support

Call
Support

Chat
Support




FAQ About SimpleFX


Is SimpleFX a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if SimpleFX is a good broker for you or not by reviewing the criteria. In general, SimpleFX provides trading service in Forex , Gold & silver , CFD , Oil , Energies and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, Bitcoin Cash, Dai (DAI), Dash, Dogecoin, EOS.IO, Ethereum, Ethereum Classic, FasaPay, Litecoin, Monero, Neteller, Skrill, Tether (USDT), Tron, USD Coin (USDC) and Zcash. The customer support is available via Email, Forum and Live chat.


What is the minimum deposit for SimpleFX?

The starting capital in SimpleFX is $1.


Is SimpleFX regulated?

SimpleFX is regulated by None. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is SimpleFX legit?

SimpleFX is a brokerage company offering trading services for clients since 2014 with offices in Saint Vincent and Grenadines.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


5 Reviews

Julia Morton
United Kingdom Jul 1 2021
Account Number: (288xxx)

Competitive spreads, most efficient cryptocurrency payments. The mobile app is good and fast. I recommend it to all beginners and advanced.

Joe Reid
Ireland Jun 8 2021
Account Number: (282xxx)

Platform makes everything easy. They offer the lowest transfer fees available. When I had some problem support showed me the right way.  

Mustafa Carrillo
United Kingdom May 29 2021

I like this trading platform, there is no minimum deposit amount needed. As a beginner, I could use the demo version to see how it works and I'm really satisfied.

Ljuboslav Unuk
Poland Apr 16 2021

Great for beginners. Still learning so much about Forex and how to trade. SimpleFX giving me the necessary requirements to learn the basics. If your on the fence about getting into Forex trading, sign up. Happy trading!

RickyMoerkens
Germany Mar 31 2021

Nice intuitive app. No delays and low latency. Spreads from 0.1. Wide range of indices