SimpleFX review
SimpleFX review: regulation (no), minimum deposit 1, leverage up to 1:500, platforms and current bonuses. Compare the latest forex bonuses, trading…
Trading conditions
- Broker type
- STP
- Minimum deposit
- 1
- Maximum leverage
- 1:500
- Minimum spread
- 0.1 pips
- Platforms
- MetaTrader 4, SimpleFX WebTrader
- Account currencies
- EUR, GBP, USD amd More
Bonuses
- No deposit bonus
- No
- Welcome bonus
- No
- Other promotions
- No
Accounts and features
- Demo account
- Yes
- Islamic account
- Yes
- Swap-free
- Yes
- Mini account
- Yes
- VIP account
- Yes
- Managed account
- Yes
- Segregated funds
- No
- Hedging and scalping
- Yes
- News trading
- Yes
- Mobile trading
- Yes
- Web trading
- Yes
Deposits and withdrawals
- Deposit methods
- Bank Transfer, Bitcoin, BitcoinCash, Dash, Ethereum, Litecoin, Fasapay, Neteller, Skrill
- Withdrawal methods
- Bank Transfer, Bitcoin, BitcoinCash, Dash, Ethereum, Litecoin, Fasapay, Neteller, Skrill
Company
- Regulation
- No
- Founded
- 2017
- Country
- SVG
- Address
- Suite 305Griffith Corporate Centre BeachmontKingstown , VC0100Saint Vincent and the Grenadines
- Website languages
- English, Japanese, Polish, Portuguese, Spanish
- Email or Skype
- [email protected]
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SimpleFX pros and cons
Pros
- Regulated by no
- Low minimum deposit: 1
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- Swap-free Islamic accounts available
- Free demo account
Cons
- No no-deposit bonus at the moment
- Leverage up to 1:500 magnifies losses as well as profits
- Conditions and bonuses can differ by regulated entity
SimpleFX FAQ
Is SimpleFX a safe and regulated broker?
SimpleFX was founded in 2017 and is regulated by no. Your protection depends on which SimpleFX entity opens your account.
What is the minimum deposit at SimpleFX?
The minimum deposit at SimpleFX is 1. Payment providers may set their own minimum amount.
What is the maximum leverage at SimpleFX?
SimpleFX offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.
Does SimpleFX offer a no deposit bonus?
No. SimpleFX does not currently offer a no deposit bonus. It offers a welcome promotion: No. See our forex no deposit bonus list for brokers that do.
Which trading platforms does SimpleFX offer?
SimpleFX supports MetaTrader 4, SimpleFX WebTrader. Mobile trading is available.
Does SimpleFX allow scalping, hedging and news trading?
Yes. Scalping and hedging are allowed, and news trading is allowed.
Does SimpleFX offer an Islamic (swap-free) account?
Yes. SimpleFX offers swap-free Islamic accounts with no overnight swap charges.
Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.
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SimpleFX at a glance
- Reader rating4.5 / 5 (6 votes)
- Regulationno
- PlatformsMetaTrader 4, SimpleFX WebTrader
- Account currenciesEUR, GBP, USD amd More
- LanguagesEnglish, Japanese, Polish, Portuguese, Spanish
- Email / Skype[email protected]
- FaxNo
- Head officeSuite 305Griffith Corporate Centre BeachmontKingstown , VC0100Saint Vincent and the…