SimpleFX Review – Online Platforms, Commission, Leverage, Account Types, Features & more

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

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 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

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

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

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

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

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

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

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

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

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:

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:

SimpleFX – Research & Advisory

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

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

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 by Top10StockBroker

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

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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