SimpleFX – an intuitive trading platform

Min. deposit
1$
Min. trade price
0.01$
Website address
https://simplefx.com
Profitability
83%*
Demo account
Yes
Currency
AUD CAD EUR GBP USD
Supported languages
Eng Rus
Active
Yes
* The amount that will be credited to the account in the case of a successful deal
General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 3.7,
according to 26 reviews

4.5 Stars
D.
D.
stars
nl
Used simplefx for years. Perfect support and never had any problems.

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Matthew Bedford
Matthew Bedford
stars
gb
Used SimpleFX for the first time today. Everything was good. Withdrawal took 25 mins. Will definitely use again

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Turgay Bicakci
Turgay Bicakci
stars
tr
I want more bonuses. It will be great if you can also solve the login problem from Turkey.

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Gabriel
Gabriel
stars
re
I enjoy trading stocks with crypto collateral, nice.

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J. K. - Three Months Client
J. K. - Three Months Client
stars
us
SimpleFX is hands down the BEST broker for currencies. Why? Because they offer tight spreads, 1/500 leverage, and CRYPTO based accounts - PLUS, deposits and withdrawals are almost INSTANT -- I'm very happy with their service, HIGHLY RECOMMENDED!

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jonathan
jonathan
stars
us
A good trading platform. I love the fact where you can have options on having different cryptocurrencies.

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Ryan
Ryan
stars
us
Hi, I've been asked by SimpleFX team to write a review, as they have been clearly attacked by scammers and competition on Trustpilot. There's no magic behind the platform. It's a unregulated CFD broker one of the first to offer crypto accounts. I've been trading there for over two years, and there have never been problems with withdrawals nor trades. Spreads may be high at times, but that's typical in this industry. You can invest your crypto in stock, commodities CFDs freely using practically any margin you want. I'm from Netherlands, and Unlike the big competition (eToro, Plus500) they don't have to apply to all the regulatory BS. But they have been active for almost 10 years, and that gives them my trust. You invest your crypto there, so you expect trust without government ffs.

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Andreas Cruz
Andreas Cruz
stars
pl
I've been looking for a reliable app where I can easily move my Bitcoin or Ethereum when see an opportunity to trade stocks. SimpleFX has been great, but sometimes the spreads are high and you'd expect nothing less.

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Eren BTC
Eren BTC
stars
pl
Legit trading app. In the countries where they operate you can: - trade live with an email account - the platform is standard margin trading service - free, no commission, but you pay with spreads - I use superfast BSC (and LN upcoming) payments, which is great, since I can go in when I see an opportunity - they constantly update their web and mobile (iOS and Android) apps - staked my ETH 2.0 with them - and I can use the locked tokens for trading. I could literally short ETH with my forzen ETH this week :) - 7 years on the market (compared to just 4 by Binance)

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EricS
EricS
stars
pl
I have account on SimpleFX since two years and i think this is good broker with fast support. Is compatible with MetaTrader 4 platform and have over 60 forex pairs, cryptocurrency pairs. I can deposit money by cryptocurrencies.

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Nathan
Nathan
stars
nl
Accidently sent money with the wrong network. This was handled very well by support. For other issues they also responded very fast with the live chat and e-mail. Platform is also very polished and there are way more deposit and withdrawal methods than competitors.

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Erick
Erick
stars
de
A long position means a trader has bought a currency expecting its value to increase. But I prefer short - using Simple FX for trading.

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JOHAN
JOHAN
stars
ch
They have all the instruments you need to trade global markets. Competitive pricing, deep liquidity & fast execution. I read these bad opinions and I think it is probably the competition that writes such nonsense. I have three months of positive experiences as well as on several other platforms.

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Mark
Mark
stars
pl
This broker app is good, offers commission-free trading, no minimum deposit amount, and the customer support works 24/5 to solve the problem

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Stephen
Stephen
stars
hk
The online platform looks good. but the only problem is it can't show the USD acc balance in my crypto acc on my Metatrader app.

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John Snow
John Snow
stars
pl
Very good app. A lot of companies and symbols are available. They often do contests so there is a chance for extra money. Like it.

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johnthetrader
johnthetrader
stars
au
During hard time with corona virus when stock market goes mad, I can always count on SimpleFX they still have instant withdraws, 24h live chat, everythings works fine and I can make money doing shorts. Highly recommend especially now!

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oshad chandrakantha
oshad chandrakantha
stars
lk
Trading here for the past 4 years everything is ok but there is some execution issue but not a big deal best broker in terms of BTC trading but now i am also trading with FRXE as they are also supporting BTC

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Overview of user-oriented brokerage companies: SimpleFX

Studying all the nuances of the companies that provide access to foreign financial markets, many novice traders make one serious mistake. They believe that online broker reviews are one of the most important parameters for finding a reliable trading platform. Unfortunately, this is not true. Often experienced traders do not read comments, reviews, etc., knowing full well that many of them are written by professional copywriters. It can be both positive and negative reviews of “customers” (the first is ordered by the owner of the web resource, and the second is ordered by its competitors). In order not to become a “victim” of fraudsters, you must carefully check all available information about the broker. This will provide an opportunity to make the most objective description of the company of interest, and then decide whether to open a trading account at the site in question. The presented review of the well-known broker SimpleFX will help you to understand what parameters you need to pay attention to in order to determine how the company that interests the trader meets its requirements and financial capabilities.

 

SimpleFX review of forex and CFD trading platform

 

The main advantages of SimpleFX

The broker was registered on the islands of Saint Vincent and the Grenadines in 2014. A firm known on the global financial market, despite the presence of negative reviews in the network, managed to create a decent customer base. The administration of the service provided an opportunity to conduct operations with popular cryptocurrencies and other financial assets, the number of which is constantly increasing, in accordance with the situation in the global market.

SimpleFX Security

The applications and platforms (MetaTrader 4, Mobile) used on SimpleFX are a guarantee of prompt execution of trading operations and the security of the company’s clients. At the same time, a trader can use both a stationary computer and mobile devices for his activities.

Clients of the broker can at any time withdraw their money from the deposit, regardless of the situation in the global financial market. To ensure their safety, the administration of the trading platform uses separate accounts in reliable financial and credit institutions.

The maximum level of security for users of a resource is achieved by:

● Two-step authentication.

● Protection against negative balance.

● A large number of methods of payment of funds, which are carried out under the control of the encryption machine.

SimpleFX Regulators

One of the main drawbacks of this broker is the lack of organizations that control the work of this participant in the global financial market. And the administration of the trading platform should solve this problem as soon as possible. Serious traders (investors) will not risk registering a login to SimpleFX as long as the company does not have regulators and licenses confirming that it has the right to provide financial services.

Training on SimpleFX broker

The official website of the broker provides a whole section for beginner traders. His main task is to help the beginner understand how financial markets work, deal with terminology, and also explore all the nuances of this trading platform.

The main points of this section include:

● General questions about the Forex market (how to open an account, what needs to be done to make a profit, who is a participant in trading, etc.).

● Description of the MT4 platform.

● Training materials on the VTC cryptocurrency.

● Terms of trade of the company in question.

● Information about available payments (how they are protected from intruders, how much time is needed to conduct monetary transactions, what documents the trader must provide to make payments, whether verification is necessary to complete the work on the site, etc.).

● FAQ (the rubric includes questions not included in the previous sections).

For practical skills in financial transactions, you can use a demo account posted on SimpleFX.

Basic rules for trading on SimpleFX

On the presented trading platform, the user can open a Bitcoin account or Forex account. If the latter practically does not differ from similar tools of competing companies, then the account for cryptocurrency has its advantages. It does not require verification, has no deposit restrictions, and the user does not have to pay a commission for conducting trade operations. Reviews made about SimpleFX often focus readers’ attention on this particular trading platform advantage.

Simple FX Trading Terms

● The size of the minimum deposit is not set (in some sources it is indicated $ 1).

● The minimum transaction amount is 0.01.

● Maximum leverage is 1: 500.

● Account currencies – euro, Australian Canadian and American dollars, British pound.

● Islamic account – absent.

● Affiliate program – functioning.

● Support – works around the clock, seven days a week.

● Bonuses, contests – no.

Deposit and withdrawal of funds SimpleFX

Judging by the reviews prepared by SimpleFX, most of the users of the resource believe that there are enough ways to replenish and withdraw funds on the trading platform.

These include:

● Bank transfers.

● Debit and credit plastic cards.

● Skrill.

● Neteller.

● WebMoney.

● Popular cryptocurrencies.

Financial assets available for trading on SimpleFX

To work on the trading platform under consideration, its administration proposes to use: cryptocurrency, CFD contracts, currency pairs, indices, precious metals and commodities.

Based on the analysis presented, it can be concluded that this brokerage company has real prospects for growth, which has a positive effect on its business reputation. But in order to reach the level of serious participants in the global financial market, the administration must obtain licenses from well-known regulatory agencies.

General Risk Warning: Your capital might be at risk