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 | Not verified | 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 →Focused research pages
- RegulationSimpleFX regulation and safety checks
- Company backgroundSimpleFX company background and entity checks
- RatingSimpleFX rating context and methodology checks
- SafetySimpleFX safety, funds protection and entity checks
- Pros and consSimpleFX pros, cons and trade-off checks
- FeesSimpleFX fees, minimum deposit and cost checks
- MarketsSimpleFX markets and product availability checks
- Public reputationSimpleFX public reviews and reputation checks
Frequently asked questions
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.
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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