Richard Williams founded SimpleFX in 2014 with headquarters in St. Vincent. It is a crypto-friendly CFD broker that trades 24/7/365.

Traders can invest in 60 currency pairs and 16 cryptocurrency pairs. The broker offers trading in several indices, equities, and commodities.

Check out detailed SimpleFX Review here.


About SimpleFX & Accepted Countries

Founder / CEORichard Williams
Established Year2014
Publicly TradedNo
Total Employees0-50
RegulationsNot a regulated broker
HeadquarterSt. Vincent

A vigorous and customer-friendly Forex broker, the SimpleFX indices include NYSE, NIKKEI, and DAX. Equities offer to trade in Snapchat, Google, and Facebook. Gas, Oil, and Gold are some commodities offered for trade.

SimpleFX Forex BrokerSimpleFX does not offer its services to certain countries like the USA.

According to the notification on their website, SimpleFX denies services to any country where such distribution or use would be contrary to local law or regulation.

SimpleFX does not accept traders from Algeria, Belgium, The Bahamas, Botswana, Cambodia, and Cuba. Similarly, Ecuador, Ethiopia, Ghana, Iran, Iraq, Monaco, and Myanmar are excluded. Also, North Korea, Pakistan, Poland, Saint Vincent, and the Grenadines are excluded. Panama, Sri Lanka, Syrian Arab Republic, Trinidad and Tobago, Tunisia, United States, and Yemen traders are not allowed.


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    SimpleFX Trading Platforms

    Trading PlatformMT4
    Desktop Platform – WindowsYes
    Desktop Platform – MacYes
    Desktop Browser PlatformYes
    Mobile Site PlatformYes
    Android App PlatformYes
    iOS App PlatformYes
    Windows App PlatformNo
    Other Mobile OS PlatformNo
    Real-time UpdatesYes
    Portfolio DetailsYes
    Research ReportsYes
    Global IndicesYes
    Personalized AdvisoryYes
    Interactive ChartsYes
    Live MarketsYes
    Multi-Account ManagementYes
    Trading Platform Supported LanguagesArabic, Chinese, Dutch, English, Filipino, french, german, Hindi, Indonesian, Italian, Japanese, Korean, Malaysian, Portuguese, Romanian, Russian, Spanish, Thai, Turkish, Vietnamese

    According to the SimpleFX Review, trading with the broker should be a fascinating and fulfilling experience.

    The company maintains a diverse variety of trading platforms that cater to Windows, Android, and Mac systems.

    The fabulous MetaTrader 4 trading platform is the best option that has proved highly successful on a global scale.

    SimpleFX also offers desktop trading platforms for Windows and Mac systems. The Desktop browser platform does not require a download.

    Trading activities are carried out through the browser itself. In addition, is the SimpleFX App that caters to both the Android and iOS platforms.

    Considered together, the SimpleFX trading platforms cover the entire spectrum of operating systems, and anybody from anywhere in the world can trade safely.


    SimpleFX Mobile App

    Living in an age of smartphones, it is no wonder that many prefer to trade over the SimpleFX App for convenience and portability.

    SimpleFX mobile app is available for those who prefer it for Android and iOS. These mobile apps simplify trading and work very fast too.

    Through the mobile app, traders get to access a variety of markets that include CFDs relating to Forex, Indices, Commodities, and Cryptocurrencies.

    Charts of different types help the delicate process of trading with several timeframes.

    Get connected with real-time trading ideas. Live news feeds connect with the present market situations. Get to share ideas with the community from within the app.

    SimpleFX Review is very positive.


    Check out Mobile Apps of more Forex Brokers


    SimpleFX Commission or Brokerage or Fees

    Commission on tradesNo
    Fixed spreadsNo

    The truth is that there exists no SimpleFX Commission.

    Trading with this broker does not attract any commission and is commission-free.

    As the broker’s website informs, “SimpleFX offers users the ability to trade commission-free on more than 200 financial instruments covering Forex, Cryptocurrency, Stocks, Indices, and Commodities.”

    It is truly exceptional that SimpleFX allows traders commission-free access to more than 200 financial CFD instruments. These instruments cover many different financial instruments like 60+ Forex pairs, 12+ Indices, 8+ Commodities, 150+ Shares, and 7+ Cryptos.

    If there is no SimpleFX Commission to be paid, the question naturally arises as to how the broker earns income. The answer is that the spreads and swaps provide incomes.

    Spreads and swaps differ according to the financial instrument being traded.


    SimpleFX Exposure or Leverage

    Maximum Leverage1:500

    SimpleFX offers maximum leverage of 500:1. Trading with borrowed funds enables higher profits.

    Trading with small amounts is quite possible with SimpleFX with no trading commissions to be paid. For an account balance of $5000 and below, the maximum leverage of 1:500 applies. As the account balance goes higher, leverage decreases.

    The leverage is 1:400 for an account balance between $7000 and $5001. For an account balance of $100,001 and more, the leverage works out to 1:100.

    Leveraged trading helps to increase their profits by borrowing broker funds. Diversifying the stock portfolio and getting maximum profit is possible with high leverage or broker fund borrowing.


    Payment Methods provided by SimpleFX

    DepositCryptocurrencies, FasaPay, Neteller, Skrill
    WithdrawCryptocurrencies, FasaPay, Neteller, Skrill

    SimpleFX Review works positively since the company provides several payment options.

    The safety of funds is everybody’s concern and SimpleFX is a licensed financial institution with zero risks. One of the deposit and withdrawal methods is FasaPay.

    The broker works through many cryptocurrencies too like Bitcoin and Bitcoin Cash, Chainlink, and Dash. Others are Ethereum and Ethereum Classic, Litecoin, and Monero.

    Neteller and Skrill are other options for Deposits and Withdrawals

    With no minimum or maximum amount restrictions and no fees charged, deposits are easy.

    Regarding withdrawals, you have to use the same payment system as the deposit, requiring no fees but the minimum amounts are to be followed.


    Find out Payment Methods provided by other Forex Brokers


    Investment in Asset Classes or Markets by SimpleFX

    Currencies TradingYes
    Commodities TradingYes
    Indices TradingYes
    Stocks TradingYes
    Cryptocurrency TradingYes
    ETF’s TradingNo
    Bonds TradingNo
    FUTURES TradingNo
    OPTIONS TradingNo
    Supported Cryptocoinsbitcoin, bitcoin cash, ethereum, ethereum-classic, litecoin, ripple
    Total Tradable Assets183
    Number Of Currency Pairs57
    Number Of Cryptocurrencies7
    Number Of Stocks99
    Number Of Indices12
    Number Of Commodities3
    Number Of FuturesN/A
    Number Of OptionsN/A
    Number Of BondsN/A
    Number Of ETFsN/A

    The total tradable assets stand at 183. Trading is facilitated in currencies and commodities, indices, stocks, and cryptocurrencies. ETFs, Bonds, Futures, and Options are not traded.

    Currency pairs traded stand at 57 while 7 cryptocurrencies are traded. Stocks number 99, indices number 12, and commodities number 3.

    With this broker, no commissions are charged for trading. Only spreads and swaps are to be paid.

    Examples of forex; EUR.CHF, GBP.NZD, AUD.CAD

    Indices Example: Spain 35, Nasdaq 100, Nikkei 225

    Examples of shares: Amazon, Facebook, Disney

    Crypto Example: BTC.USD, LTC.USD

    Examples of commodities: Brent Crude Oil, WTI Crude Oil


    SimpleFX Virtual Trading or Demo Account

    Virtual MoneyNA
    ChargesFree

    SimpleFX provides traders the opportunity to learn the system and practice trading without monetary risks. Such a virtual trading experience is very valuable, especially for beginners.

    Experienced traders would benefit too from the demo account by getting adjusted to this particular broker.

    How exactly the trading procedure takes place is a great mystery to most people except the expert traders.

    Though the trading process will be basically the same with every broker, there are some differences.

    A demo account helps to feel and understand what is characteristic of this particular broker.

    Besides the many other factors that count towards successful trading like knowing the market, confidence is crucial.

    The Demo account helps to build confidence through research and awareness of markets.

    The Demo account does not charge any fees which are encouraging.


    SimpleFX Offers or Deals

    Free Learning CoursesYes
    Free Demo AccountYes
    Discount on BrokerageYes
    Flexible Brokerage PlansYes
    Referral OffersYes
    Forex Trading ContestNo
    Trading Bonuses & RewardsNo

    SimpleFX ensures trader education through free learning courses. The company offers referral programs and the opportunity to work in collaboration.

    The free Demo account helps start the trading career. No commission trading is a great advantage with payments made only on spreads and swaps.

    Money deposits and withdrawals through a variety of methods do not charge fees.

    Hefty discounts are offered on brokerage plans.  With leverage extending to 500:1, it is a boost for traders to increase profits through the use of broker funds.

    SimpleFX blog facilitates information on promotional activities like prizes for a trading idea contest, treasure hunt, and referring a friend for promotion.


    SimpleFX Regulation or Licensing

    RegulationsNot a regulated broker

    Registered and licensed in St. Vincent, SimpleFX is not a regulated broker.

    Yet, the service record of the broker since 2014 brings confidence in their abilities and honesty.

    The broker assures clients of security in 3 ways:

    • Segregated client accounts in case of a crisis
    • Negative balance protection to protect against loss
    • Two-factor authentication for additional safety

    Find out Regulations & Licensing of more Forex Brokers


    SimpleFX Features

    Educational ServicesNo
    Social Trading / Copy TradingNo
    Trading SignalsYes
    Email AlertsYes
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityNo
    OCO OrdersNo
    Trailing SP/TPYes
    Automated TradingYes
    API TradingYes
    VPS ServicesNo
    Trading From ChartYes
    Interest On MarginNo
    Offers HedgingYes
    Offers PromotionsYes
    One-Click TradingYes
    Expert AdvisorsYes
    Other Trading FeaturesNo

    A diverse broker like SimpleFX with several trading platforms is able to offer fabulous features. The globally renowned MetaTrader 4 facilitates robust trading online.

    MetaTrader Marketplace offers signal trading. MetaTrader Marketplace also includes copy trading services, custom programming for technical indicators, and algorithmic strategies. Web trader platform offers social trading ideas.

    Among the many trading features offered are Trading Signals, Guaranteed Stop Loss, and Guaranteed Limit Orders.

    Expert Advisors help to find the best trading opportunities. Among further features are Automated Trading and Trailing SP/TP. Trading from Chart is possible and API trading.

    One-Click Trading, Offers Hedging, and Offers Promotions are offered.


    SimpleFX Account Types

    Take a look at the types of accounts that the company is offering:

    Account TypeDemo/ Live Account
    Initial DepositNo minimum deposit
    SpreadFrom 0.1 pips
    CommissionCommission-free
    Leverage500;1

    SimpleFX offers a single type of trading account with a minimum deposit of $1.

    Trading Desk Type is No dealing desk. While a Mini Account is available, Premium Account is not offered.

    A segregated account is available and a Demo learning account is also offered.

    There is no Islamic account and no Institutional account.

    Trading with SimpleFX suits beginners and professionals. Scalping and swing trading, daily and weekly trading are well facilitated.

    A simple and easy-to-use platform, get commission-free trading facilities.

    Rich in features, the broker functions on the very famous MetaTrader 4 trading platform. Mobile trading apps and the Web Trader extend the reach.

    With global clients numbering over 200,000, wholesome and satisfying trading is well within reach.


    SimpleFX Trading Account Features

    Check below all the trading account features under various account types:

    Trading Desk TypeNo dealing desk
    Min Deposit$1
    Maximum Leverage1;500
    Mini AccountYes
    Premium AccountNo
    DEMO ACCOUNTYes
    Islamic AccountNo
    Segregated AccountYes
    Managed AccountNo
    Institutional AccountNo
    Suitable for beginnersYes
    Suitable for professionalsYes
    Suitable for scalpingYes
    Suitable for daily tradingYes
    Suitable for Weekly tradingYes
    Suitable for swing tradingYes

    SimpleFX – Research & Advisory

    Find below all the different reports and support provided by its Research & Advisory team:

    Fundamental ReportsYes
    Research ReportsYes
    Company ReportsYes
    Daily Market CommentaryNo
    News (Top-Tier Sources)Yes
    Delko’s ResearchNo
    Top PicksYes
    AutochartistNo
    Acuity TradingNo
    Company Stock ReviewYes
    Free Stock TipsYes
    WebinarsNo
    Video EducationYes
    Economic CalendarYes
    Offline AdvisoryYes
    Relationship ManagerYes

     


    SimpleFX Benefits

    With no minimum deposits and SimpleFX Commission for trading being nil, traders enjoy high profits.

    SimpleFX provides some of the finest opportunities for online trading.

    A number of platforms include MT4 along with Android and iOS apps besides the web platform.

    The several deposit options include 5 cryptocurrencies. Enjoy the 1:500 maximum leverage and multi-currency accounts. Spreads commence at 0.1 pips.

    Traders also benefit from several research tools.

    The company website blog contains market news and tutorials.

    The CFD Academy helps novices and professionals alike. Learn how to use indicators and strategies.


    SimpleFX Cons or Drawbacks

    The company has over 200,000 clients from all over the world but not in every country.

    The fact that the company services are not available in America is a great drawback.

    The most advanced country of the USA does not have access to its services.

    New traders find too many options for trading that would be confusing.

    SimpleFX is based offshore in St.Vincent.

    Traders have some apprehensions about offshore companies since they are worried about the safety of funds.

    Yet, the company has earned the trust and goodwill of traders with awesome services since 2014.


    SimpleFX Trading Hours

    The company offers robust anytime, anywhere trading services. Trading is facilitated 24/7/365. Trading never sleeps and is always possible no matter what.

    Currency pairs and indices along with precious metals are traded during the weekdays.

    During weekends it is time to trade in cryptocurrencies on the markets that are in continuous variation.


    SimpleFX Customer Care or Contact Details

    Dedicated DealerYes
    Support During WeekendsNo
    Online TradingYes
    24*7 SupportYes
    Email SupportYes
    Live Chat SupportYes
    Customer Support LanguagesEnglish, Portuguese, Spanish

    Customer care works through live chat and email too in English, Portuguese, and Spanish. The 24/5 live chat in English is quickly responded to.

    SimpleFX postal address: Suite 305, Griffith Corporate Centre Beachmont, Kingstown VC0100, St. Vincent and the Grenadines

    Contact them via email: support@simplefx.com

    Social Media Profiles: Facebook, Linkedin, Twitter, and YouTube


    SimpleFX Safety & Security

    Though registered in St. Vincent, SimpleFX is not a regulated broker.

    Traders would be concerned about the safety of funds with lots of fraud taking place online.

    SimpleFX has had a reputed record of operations since 2014 and assures client fund security in 3 ways.

    • Segregated client funds that are separate from the company funds that guard against any financial crisis.
    • Two-factor authentication is important to make sure that genuine transactions take place.
    • Negative balance protection controls trading losses beyond a certain point.

    SimpleFX Rating & Reviews

    Based on different users and their experiences below are the company rating and reviews:

    User Experience7.5 / 10
    Products & Services7.8 / 10
    Brokerage Charges & Fees8.1 / 10
    Research & Advisory8.2 / 10
    Trading Platforms8.1 / 10
    Overall Ratings8.0/ 10
    Star Ratings★★★★
    Total Client Reviews65

    SimpleFX Forex Trading – Conclusion or Verdict

    As the company name indicates, simple trading experiences in about 200 CFDs across Forex, Indices, Commodities, Cryptocurrencies, and Stocks is possible.

    The company Web Trader platform is easy to use. Commission-free trading with no minimum balance makes the company accessible to everybody.

    Get access to trading calculators, and live news feeds. A social trading community helps with ideas.


    SimpleFX Forex Trading FAQs:

    Here is the list of FAQs related to the SimpleFX forex trader review:

    Is SimpleFX Safe for Trading?

    SimpleFX is absolutely safe for trading in the financial sense. Money is safe even though the company is not regulated by any authority.

    Segregated client funds, two-factor authentication, and negative balance protection ensure peace of mind.

    What is the Commission for SimpleFX?

    The SimpleFX Commission for trading is nil. The company does not charge commissions for trading which encourages traders with the possibility of higher profits.

    The company earns incomes from spreads and swaps that differ according to the trading instrument.

    How to Open a Trading Account with SimpleFX?

    The procedure for opening a trading account is very simple. Click Register and confirm the email address.

    Login details will be sent. Bitcoin accounts do not need any verification. Otherwise, identity and address proof is required.

    Can I invest in Cryptocurrency with SimpleFX?

    Yes. Cryptocurrency is the way of the future.

    Cryptocurrency investments are very important in SimpleFX.

    Traders can make deposits in cryptocurrencies. Trading in over 7 cryptocurrencies is facilitated by the company.

    What leverage does SimpleFX provide?

    According to the account dimensions, leverage changes and the maximum leverage limit is 500:1. Leverage allows traders to earn greater profits by using borrowed funds.

    The higher the account balance, the lower is the leverage.

    Does SimpleFX have a trading app?

    Yes. SimpleFX has its own trading platform along with MetaTrader 4. In addition, are the Android and iOS apps.

    The trading systems are stable and well organized with lots of stunning features to facilitate easy and successful trading.

    How to contact SimpleFX customer care?

    SimpleFX postal address: Suite 305, Griffith Corporate Centre Beachmont, Kingstown VC0100, St. Vincent and the Grenadines

    Contact them via email: support@simplefx.com

    Social Media Profiles: Facebook, Linkedin, Twitter, and YouTube.

    Is SimpleFX Regulated?

    The company is not regulated, though registered and licensed.

    Traders need not worry about the security of their funds that are protected through 3 methods.

    Segregated client funds, two-factor authentication, and negative balance protection protect the client’s interests.

    Is SimpleFX good for Beginners?

    The trading system is so well managed that both beginners and professionals find the best trading opportunities.

    A free demo account helps beginners learn the trading basics without the fear of losing money.

    Who founded SimpleFX?

    Richard Williams established SimpleFX in 2014 in St. Vincent.

    The company is not regulated by any authority but has an awesome reputation for safe and simple trading practices on about 200 instruments.


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