SimpleFX offers cheap fees and no minimum initial investment for CFD trading. Users may utilise MT4 and SFX WebTrader. Our SimpleFX review includes the login procedure, a sample account, mobile applications, and other features.

SimpleFX

St. Vincent and the Grenadines-based SimpleFX Ltd. The 2014-founded company offers CFDs and bitcoin trading. Brokers keep clients’ money secure by holding it in separate accounts and preventing negative balances.

The broker has over 200,000 traders from 160 countries. Its dependable trading techniques attract newbies and experienced.

Web-Based Trading Webtrader

The chart window has nine time periods and five chart kinds. There are also trend line and Fibonacci drawing and indicator tools. Like Atomic wallet it works perfectly.

Assets

SimpleFX offers over 170 trading products. There are 60 more currency pairs and indexes besides the FTSE100. You can trade a limited selection of hard and soft commodities using Bitcoin and XRP.

SimpleFX is fee-based

SimpleFX offers commission-free currency trading. FTSE 100 indicators have 1.3-pip spreads. Gold and EUR/USD spreads are between 0.17 and 0.9 pips. These trading fees are reasonable compared to comparable brokerages.

The contract details swap fees and rates. If your account is dormant for a year or longer, you’ll be charged 3 percent of the amount, minimum $25.

SimpleFX offers leverage up to 1:500, with exact amounts based on an account’s balance. Website margin criteria are set at 50%. New traders should be aware of leverage’s risks. Along with that there is also the Exness bonus.

Smartphone apps

iOS and Android (APK) users may download SimpleFX’s mobile trading app. The application contains a community chat room, a dynamic news feed, and specialised graphing tools. The application supports swiping and pinch-and-zoom, making it simple to use on mobile devices. Scan the QR code to get the file.

SimpleFX makes mobile trading easy

SimpleFX provides MT4 for iOS and Android. This application tracks all past transactions and provides real-time quotation charts and trading orders. The MT4 app’s chat functionality and mobile push alerts let you stay in contact. MT4’s app is well-reviewed on its website.

Paying is flexible

SimpleFX accepts Bitcoin, Dash, Neteller, and Skrill. Free options exist. Use an exchange provider to get bitcoin. Most methods have no deposit limit and process in about an hour. Credit cards aren’t accepted.

You must use the same procedure to withdraw your money. Payments are handled within 24 hours, and there are seldom fees. Websites list minimum withdrawal limitations.

A trader is immediately allowed access to a demo account on the SimpleFX website. Before investing real money, use the platform’s demo account to learn about its features.

Traders’ default virtual money balance is $4,000. Create a second account to utilise a different currency in your experiments. You may use the practise accounts forever.

Bonuses

SimpleFX promos are posted on a broker’s social media profiles. Recent trades have featured 50% spread payback and $1000 and $2,000 USDT trading competitions.

SimpleFX regulation

SimpleFX Ltd is a legal company since it was formed in Saint Vincent and the Grenadines and isn’t regulated by the FCA. Due to their transparency and honesty, the broker uses different accounts for each customer and protects against negative balances. There is no compensation for failed company brokers.

  • Since legal remedy may be limited with unregulated suppliers, we advise merchants to consider hard before joining up.
  • SimpleFX doesn’t allow U.S. traders. Customers from Canada, Europe, and Indonesia are welcome.
  • SimpleFX offers several accounts.

SimpleFX customers may trade all tradable financial instruments from a single account. Accounts may be started in several currencies with no minimum deposit. Forex, commodities, and cryptocurrencies have 0.01-lot minimum contracts. Maximum loss is 30%, with a 50% buffer.

Start by clicking Create Account and filling out the form. After a fiat deposit, you must authenticate your identity per KYC. You may then access your demo account and trade with real or virtual money.

SimpleFX provides support in English, Spanish, and Portuguese. Instead of filling out a form, you’re immediately linked to a live chat representative. Contact the broker at support@simplefx.com.

SimpleFX wins

SimpleFX gives basic but powerful services, inexpensive trading costs, and a solid demo despite a lack of market regulation. This broker is perfect for beginners and seasoned traders since they provide their own online platform and MetaTrader4.