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SimpleFX Broker Overview

Explore SimpleFX, a broker established in 2014, offering intuitive trading solutions in forex, cryptocurrencies, and CFDs for traders globally.

Updated: 14 April 2026

Overall Rating

4.1 / 5

Min Deposit

$0

Instruments

6

Regulation

MFSC

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About its history and mission

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
Headquarters
Address
Website

Strengths and Weaknesses

Strengths

  • Wide range of tradable assets
  • No minimum deposit
  • No regulation
  • Regional restrictions

Weaknesses

  • No regulation
  • Regional restrictions

Safety and Regulations

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.

Regulators

  • MFSC

Instruments Available

Forexindicesmetalsenergycryptocurrenciesstocks

Types of Accounts

Standard

Minimum deposit
$0
Commission
0.9
Available tools
0
Leverage
1:1 to 1:500
Margin call level
20
Stop-out level
20

Fees and Charges

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.

Trading Platforms

Customer Support

Contact information not available. Visit the broker’s website for support options.

Deposits and Withdrawals

Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.

FAQ

Is it regulated?
SimpleFX is an offshore and unregulated Tier-1 financial broker.
What type of trading platforms?
Get the SimpleFX proprietary Web Trader and mobile iOS and Android devices.
How much is the minimum required deposit when opening an account?
SimpleFX has waived any minimum deposit, meaning every trader can create an open account with the company.
What kind of accounts does the broker offer?
Generally, SimpleFX creates the emphasis on having a one unified account for traders and offers a demo account for training with live trades.
What fees and commissions are being charged?
Indeed, SimpleFX provides commission-free trades with their spreads entirely at its tightest level, and it also charges swap fees for holding an overnight position.
How high is the maximum leverage the broker offers?
It stands to be 1:500, contingent with the item and account type.
Can you access demo accounts here?
Yes. SimpleFX gives you a demo account, complete with money for making the trades you expect to test and practice without risk.
How can they be contacted for help?
This service is available through chat and email in many languages; remember, those are only available during trading hours.

Users 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