SimpleFX Review

SimpleFX is a well-established broker since 2014. SimpleFX has a headquarter in . SimpleFX to provide their Forex/CFD trading services to over 4 million clients.

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.

Min Deposit

$1

Max Leverage

1:500

Spread

Variable

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

• Standard

💲 Min Deposit $1

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

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 Crypto 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
1:500

Gold & silver
1:500

CFD
1:500

Oil
1:500

Energies
1:500

Crypto
1:500

Payment Methods

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 Binance Coin, Zcash, USD Coin (USDC), Tron, Tether (USDT), Monero, Litecoin, Ethereum Classic, Ethereum, EOS.IO, Dogecoin, Dash, Dai (DAI), Crypto Cash and Crypto

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 Crypto . As for the payment methods, you can choose between Binance Coin, Crypto, Crypto 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 .