SimpleFX Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Nov 19, 2022
A globally-renowned broking company that does not charge trading commissions, SimpleFX requires no minimum deposits.
The SimpleFX Commission on trading is nil. SimpleFX Charges on deposits and withdrawals are also usually nil.
Opening a trading account is fast and easy with email confirmation alone or social media accounts. A free Demo account for practice trading is also automatically opened.
Traders are required to pay charges only for spreads and swaps. Spreads are not fixed and commence at 0.1 pips. Leverage has a maximum limit of 1:500.
The company has 15 base account currencies and crypto accounts are anonymous. Among the 200 plus assets are 60 currency pairs, indices, commodities, and precious metals.
Trading is open 24/7/365. MetaTrader 4 is powerful trading software.
SimpleFX Commission or Brokerage Charges
Multi-Currency account facilities and no minimum deposits make SimpleFX very convenient and attractive.
While there is nil SimpleFX Commission or Brokerage charges on trading, the traders need to pay for spreads and swaps. Spreads are not fixed and commence at 0.1 pips.
Brokerage plans being quite flexible, discounts are offered to traders.
Very low fees are the hallmark of the company that results in lucrative trading. An amazing affiliate program opens up many opportunities for more enterprising traders.
As a bonus, 50% cashback is offered on spreads. Trade conveniently with no minimum deposits on over 200 assets. They cover Forex and CFDs, indices and shares, commodities, and cryptocurrencies.
SimpleFX Brokerage is absolutely minimal and very encouraging for traders.
Fill up the Form – Open Forex Trading Account Now!
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Types of SimpleFX Commission Plans
|Types of Commission Plans|
|Account Type||Demo/ Live Account|
|Initial Deposit||No minimum deposit|
|Spread||From 0.1 pips|
SimpleFX Fees are very low. A free Demo account with $10000 virtual currency launches the trading career.
The biggest lesson to know is that capital faces the risk of partial or total loss.
With no SimpleFX Commission on trades and no fixed spreads, traders have many advantages.
Exceptional offers like referrals, forex trading contests, trading bonuses, and rewards help to motivate traders. Minimum trade works out to 0.01 lots.
Concerning CFDs, invest in leveraged products in many markets. Payments are made for spreads. Spreads are not fixed. Assets have variable spreads.
The FTSE Spread is 1.3 while GBPUSD Spread is 1.2. The oil Spread is 0.03. The maximum leverage is 1:500.
Regarding Forex, trade-in pairs of currencies. Spreads are tight with a maximum of 1:500 leverage. GBPUSD Spread is 1.2, EURUSD Spread is 0.9 while EURGBP Spread is 0.9. Currency pairs number 60.
Cryptocurrency is big business. Trade CFDs in cryptos and the US Dollar. Spreads commence from 0.0001. Coins are BTC, BHC, LTC, ETH, ETC, XRP, and LNK.
SimpleFX Account Opening Process
Unlike some other brokers, SimpleFX offers a single type of account.
It is available for trading via several platforms catering to each of the operating systems like Windows, Android, and iOS.
Reach all the domains and exchanges with a single account without complications.
The signing-up procedure for account opening is easy. A single account uses every financial and trading facility on the platform.
While email confirmation would suffice for account opening, social media accounts like Google and Facebook may also be used.
Find the ‘Create Account’ option on the company website or app menu and fill in the required details.
A Demo account also opens simultaneously which is valuable training practice to know the trading processes.
The Demo account and the live account start the trading journey but traders need to always be on guard because of the financial risks involved.
After the formalities are completed, an interface that can be the light or dark mode shows News TV or maybe used to save trading ideas.
Regarding E KYC through identity and residence document verification along with a selfie, it does not apply to crypto accounts.
When deposits are made in a hard currency like dollars, you have to upload verification documents.
You need soft copies of government-issued valid identity and residence documents along with a selfie photo.
SimpleFX Payment or Withdrawal Methods
|Deposit Options||Cryptocurrencies, FasaPay, Neteller, Skrill|
|Withdrawal Options||Cryptocurrencies, FasaPay, Neteller, Skrill|
The company allows deposits in several international currencies like USD.
Deposits can also be made in many cryptocurrencies that are easier to work with, having less formality. EKYC is not required for crypto accounts.
SimpleFX Fees are not usually charged even for deposits and withdrawals. Generally, there is no minimum or maximum limit.
The company offers several fast payment methods. You can deposit through cryptocurrencies like Bitcoin and Dash.
E-wallets like Neteller and Skrill may also be used. FasaPay is yet another option.
A majority use the crypto route for deposits and withdrawals. Traders who do not possess crypto need to buy it through an exchange.
The same payment methods are used for quick withdrawals with no charges.
Withdrawals of funds should be made via the same method used to deposit. Withdrawals may take 24 hours, normally with no fee charged. Pay attention to the minimum limits.
Credit cards cannot be used for deposits and withdrawals.
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SimpleFX Investment Assets
|Supported Cryptocoins||bitcoin, bitcoin cash, ethereum, ethereum-classic, litecoin, ripple|
|Total Tradable Assets||183|
|Number Of Currency Pairs||57|
|Number Of Cryptocurrencies||7|
|Number Of Stocks||99|
|Number Of Indices||12|
|Number Of Commodities||3|
|Number Of Futures||N/A|
|Number Of Options||N/A|
|Number Of Bonds||N/A|
|Number Of ETFs||N/A|
The superglobal broker SimpleFX has access to a great variety of markets and investments. You can trade in currencies and commodities, indices, stocks, and cryptocurrency.
However, the company does not trade in ETFs, Bonds, Futures, and Options.
Supported crypto coins are Bitcoin-cash, ethereum, ethereum-classic, and litecoin.
Tradable assets numbering 183, SimpleFX deals with 57 currency pairs for investments. They also deal in 7 cryptocurrencies, 99 stocks, 12 indices, and 3 commodities.
Explore a fascinating world of challenging trading markets through SimpleFX.
A large number of stocks and major indices like the FTSE 100 present tremendous trading opportunities. Go for hard and soft commodities like oil and precious metals.
Among the cryptos are BTC and XRP.
The company offers many benefits like unlimited trading across 24/7/365.
A beginner-friendly platform that allows multi-currency accounts, one for each currency, is a notable feature.
Powerful customer support and no minimum deposits along with commission-free trading are other perks.
SimpleFX Commission – Conclusion
Excellent reputations since the 2014 launch convinced of their reliability. Several reasons support the claim that SimpleFX deserves to be designated the foremost global broker.
Even though fees and expenses are very low, the system has advanced infrastructure like the MT4 facilities.
Several trading platforms cater to each operating system worldwide like Windows, Android, and iOS.
Make a smart beginning when you open a live trading account with an automatic free Demo account that requires no fees.
Accepting crypto deposits and hard currencies, there is no minimum initial deposit.
The trading especially for beginners is supported by research facilities and charts, indicators, and expert advisors.
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SimpleFX Charges or Fees – FAQs
Here is the list of FAQs related to the SimpleFX Brokerage Charges or Fees:
Does SimpleFX charge commission?
SimpleFX Brokerage follows customer-friendly economical pricing policies.
Trading on assets does not require commission payments. Spreads are charged and they are not fixed but tight.
Spreads for important indices like FTSE maybe 1.3 pips. EUR/USD spreads are usually about 0.9 pips. Gold spread is about 0.17 pips. Inactive accounts have to pay a 3% fee.
How much does SimpleFX charge brokerage?
Trade commissions are not charged but SimpleFX Brokerage charges for spreads and swaps. There is no minimum initial deposit prescribed.
Maximum leverage for forex is 1:500. Maximum leverage is 1:100 for crypto pairs. Withdrawal fees depend upon the currencies.
Spreads provide incomes from traders. Spreads are not fixed but vary with the asset. The brokerage rates are very competitive and traders enjoy worthwhile incomes.
What is the Minimum Deposit required in SimpleFX?
Opening a trading account requires no payment but only email confirmation.
Alternatively, social media accounts like Facebook could be used.
Deposits can be made in several currencies or cryptos. The minimum deposit for the dollar deposit would be $1.
No charges apply to making deposits or withdrawals, generally speaking, but consult the website.
How much leverage does SimpleFX provide?
The maximum leverage allowed is 1:500 and that applies to forex trade.
When it comes to cryptocurrency pairs, the maximum leverage allowed is 1:100.
Leverage benefits the trader who can invest higher amounts of borrowed currency, increasing profit levels.
The currency is borrowed from the company funds and invested for higher returns.
How much is Spread at SimpleFX?
The SimpleFX Commission is very attractive.
Spreads are tight and not fixed but vary with the kind of asset.
Spreads are low and competitive which means that traders have better profits with no commissions and tight spreads.
The company brokers over 200 kinds of assets. Some examples of spreads are oil spreads at 0.03 and cryptocurrency spreads from 0.0001.
What type of Commission Plans is available in SimpleFX?
The company does not offer SimpleFX Commission plans since trading here does not require the payment of commissions.
The company profit is derived from spreads and swaps payments by traders. Spreads are low and competitive.
Account opening requires no payment and has no minimum deposit. A free Demo account provides virtual currency for risk-free trading.
Deposits and withdrawals usually require no payments.
Does SimpleFX provide Cryptocurrency for Investment?
Yes. Cryptocurrency business has acquired global significance and is the way of the future. SimpleFX offers 60 currency pairs for investment.
They include major currencies like USD and GBP. The company also offers investments in the foremost indices and a large number of stocks and commodities.
Gold and oil are some important examples.
Is SimpleFX a legit Forex Broker?
SimpleFX commenced in 2014 and is registered and licensed in St. Vincent.
They enjoy a great reputation with superb software infrastructure and dedicated customer support.
The fact remains that they are not regulated by any authority.
They should be considered legit because they put client funds in segregated accounts for safety.
They also follow 2-factor authentication.
Can I invest in SimpleFX for $5?
Yes. Initial deposits in a live trading account have no minimum amount.
There are no SimpleFX Charges. Deposits may be made in cryptos or hard currency. In dollar deposits, $1 would be considered as the minimum.
Trade with $5 would certainly be possible. The company offers attractive terms and low SimpleFX Fees with no trading commissions to be paid.
Are there any hidden charges available with SimpleFX?
SimpleFX has been operating globally since 2014 and is a very successful broker. They follow transparent pricing and have no hidden or surprising SimpleFX Charges.
It requires some research to understand their trading systems and infrastructure, affiliate programs, and special offers.
No activity charge is imposed for dormant accounts that did not trade between the deposit and withdrawal.
Fill up the Form – Open Forex Trading Account Now!
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