Overview
From a broader perspective, SimpleFX wants to gain the enforcement of the global trader with the use of advanced trading tools and a user-friendly trading environment. SimpleFX will make trading simple for everyone, transparent, and accessible.
- Founded
- 2014
Strengths and watchouts
- Wide range of tradable assets
- No minimum deposit
- No regulation
- Regional restrictions
- No regulation
- Regional restrictions
Safety and regulation
SimpleFX is not a Tier-1 registered forex broker but an offshore entity extremely tight in its operations. SimpleFX segregates funds into client bank accounts for better security because the cryptocurrency wallets are currently favored for more confidential transactions in this field.
- MFSC
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- indices
- metals
- energy
- cryptocurrencies
- stocks
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| Standard | $0 | 0.9 | 1:1 to 1:500 |
Fees and costs
SimpleFX provides commission-free trading with spreads, starting from as low as 0.1 pips, which means that they build the cost into the spread for more transparency purposes. Overnight swap fees apply with positions kept overnight and they are clearly shown in the platform. For accounts inactive for a certain period, an inactivity charge will become due.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Is it regulated?
What type of trading platforms?
How much is the minimum required deposit when opening an account?
What kind of accounts does the broker offer?
What fees and commissions are being charged?
How high is the maximum leverage the broker offers?
Can you access demo accounts here?
How can they be contacted for help?
Reader reviews
Customer
Feb 9, 2025
I've always had a positive experience with SimpleFX since I began using their platform. The user-friendly interface makes trading operations straightforward, and I appreciate the competitive spreads and minimal fees they offer.
Prabhat Purwar
Feb 8, 2025
I strongly advise against trading with SimplyFX. If they offer a bonus, it seems they don't allow you to make a profit. Be cautious and consider this a warning.
Gabriel
Feb 5, 2025
Trading stocks using cryptocurrency as collateral has been a positive experience for me.
Showing 1–3 of 10 reviews