SimpleFX Review 2024

What is SimpleFX?

SimpleFX is a leading online trading platform that has been serving the global trading market for over eight years. It provides users with access to diverse markets such as cryptocurrencies, forex, commodities, and more. SimpleFX is recognized for its innovation in the crypto industry, having received awards for the best trading platform in 2022, 2018, and 2017. It is committed to protecting users’ assets and providing a secure trading environment. The platform offers a wide range of features for investors, including Lightning Network payments, over 50 payment methods (including cryptocurrencies), native iOS/Android apps, a lucrative affiliate program, leverage up to 1000x, a wide range of financial instruments for trading, Stake & Trade accounts, and much more. SimpleFX takes pride in its nearly 9 years of experience and the trust of hundreds of thousands of users, who have made it a top-notch provider in the crypto trading industry. It provides secure wallet solutions, 24/7 customer service, and a reliable platform. All user funds are stored securely in segregated accounts, and SimpleFX uses advanced security protocols to protect customer accounts from unauthorized access. It uses the highest encryption standards to protect all data transfers, and its two-factor authentication system protects customer accounts from unauthorized access. All funds are fully insured, and its anti-money laundering measures comply with international regulations. SimpleFX is an offshore forex, CFD, and cryptocurrency broker with over 200,000 clients globally. It offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi-currency accounts. In conclusion, SimpleFX is a reliable and secure online trading platform that offers a wide range of features and services. It is committed to providing the best trading experience for its users, with a focus on security, innovation, and customer service.

What is the Review Rating of SimpleFX?

What are the Pros of SimpleFX?

SimpleFX is a cutting-edge online trading platform that offers a variety of advantages for forex traders. Here are some of the key benefits:. Wide Range of Options: SimpleFX offers a wide range of trading options, including forex, crypto, indices, precious metals, and commodities. This makes it a versatile platform for traders who want to diversify their portfolio. Ease of Use: The platform is designed to be simple to manage, making it accessible for both new and experienced traders. Competitive Spreads: SimpleFX offers competitive spreads as low as 0.1, which can help traders maximize their profits. 24/7 Trading: With SimpleFX, trading never closes. This allows traders to take advantage of market movements at any time. No Minimum Deposit: SimpleFX does not require a minimum deposit, making it accessible for traders with varying levels of capital. Cryptocurrency Support: SimpleFX supports cryptocurrency accounts and allows traders to open an account in cryptocurrency. This is a significant advantage for traders who want to trade in digital currencies. Leverage: SimpleFX offers leverage up to 1:500, allowing traders to maximize their trading potential. Automated Software: The software used by SimpleFX is automated to ensure you get the best deal on every transaction. Customer Service: SimpleFX offers robust customer service, including email support and live chat. Please note that while SimpleFX offers many advantages, it’s important to do your own research and consider your individual trading needs and goals before choosing a trading platform.

What are the Cons of SimpleFX?

SimpleFX, a cutting-edge online trading app, offers a wide range of investment options in forex, crypto, indices, precious metals, and commodities. However, like any trading platform, it has its share of drawbacks. Here are some of the cons associated with SimpleFX:. Overwhelming Options: SimpleFX offers a vast array of options for trading, which can be overwhelming for new investors. The platform supports 60 currency pairs and a variety of asset classes. , which might be confusing for beginners. Limited Availability: As of now, SimpleFX is not available to U.S. users. This geographical restriction limits the user base and can be a significant disadvantage for traders based in the U.S. Withdrawal Restrictions: SimpleFX does not support withdrawal of funds to a bank card. This can be inconvenient for users who prefer direct bank transactions. Lack of Multilingual Support: The platform does not offer multilingual technical support. This can pose challenges for non-English speaking users who might require assistance. Regulatory Concerns: SimpleFX does not have a financial regulator. The absence of a regulatory body might raise concerns about the platform’s credibility and security. Single Account Type: SimpleFX provides only one type of account. This lack of variety might not cater to the diverse needs of different traders. Swap Rates: While SimpleFX offers commission-free trading, swap rates apply on overnight leveraged positions. These costs can add up over time, especially for traders who hold positions open for extended periods. Inactivity Fee: An inactivity fee of 3% or at least $25 is levied. This can be a disadvantage for users who do not trade frequently. . In conclusion, while SimpleFX offers a range of features and trading options, potential users should be aware of these drawbacks. It’s always recommended to thoroughly research and consider these factors before choosing a trading platform.

What are the SimpleFX Current Promos?

SimpleFX, a renowned trading platform, offers a variety of promotions to its users. Here are some of the current promotions:. First Deposit Bonus: SimpleFX offers a first deposit bonus of up to $2500. This bonus is designed to help new users get started with trading on the platform. SFX Coin Giveaway: SimpleFX has organized a giveaway where users have the chance to win 2 SFX Coins. This promotion started on August 28, 2023. Summer Cashback 2023: SimpleFX offers a cashback promotion during the summer. Users can get cashback from SimpleFX and enjoy the summer with extra trading funds. Polar Bear Day Celebration: In honor of International Polar Bear Day, SimpleFX organized a celebration where users could make a difference by registering as a trading platform. Black Week 2022: During Black Week 2022, SimpleFX offered various promotions, discounts, and bonuses. DOGE Multi-Deposit Bonus: SimpleFX launched a special DOGE Multi-Deposit Bonus offer where users could get multiple bonuses on any deposit. Please note that these promotions are subject to terms and conditions and may change over time. For the most accurate and up-to-date information, please visit the SimpleFX website. or their blog.

What are the SimpleFX Highlights?

SimpleFX is a globally recognized trading platform that offers a wide range of services to its users. It was established in 2014 and is headquartered in Saint Vincent and the Grenadines. Here are some of the key highlights of SimpleFX:. Trading Instruments: SimpleFX provides its users with the opportunity to trade in over 200 instruments. These include cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as forex, stocks, indices, and commodities. Leverage: The platform offers leverage up to 1:500, making it accessible for traders with different budget sizes and experience levels. User-Friendly: SimpleFX is known for its user-friendly interface. It also offers a demo account where users can practice without risking real money. No Minimum Deposit: There is no minimum deposit requirement on SimpleFX, which makes it an accessible platform for both beginners and experienced traders. Cost Structure: SimpleFX operates on a spread-based cost model, meaning there are no fixed commissions. The spreads are competitive and vary depending on the trading instrument. Fast Execution: Users of SimpleFX appreciate the platform for its fast execution of transactions. Customer Service: The platform’s responsive customer service is often mentioned in positive reviews. Integration with Bitcoin Lightning Network: SimpleFX has integrated the Bitcoin Lightning Network, allowing for free transfers of BTC. Please note that while SimpleFX is a registered company in Saint Vincent and the Grenadines, it lacks regulation. As with any trading platform, potential users should conduct thorough research and consider their financial situation before trading.

Is SimpleFX Legit and Trustworthy?

SimpleFX is an online trading broker that offers leveraged trading with competitive fees and no minimum deposit. It provides a variety of CFDs and cryptocurrencies through a single account. Regulation and Trustworthiness: SimpleFX is authorized and regulated by International Business Companies. However, it is important to note that it is an offshore unregulated broker. This does not necessarily mean it is a scam, but it does suggest that traders should exercise caution. Customer Reviews: Customer reviews on Trustpilot indicate a generally positive experience with SimpleFX. Users have praised the platform for its ease of use, good spreads, low fees, and fast deposits & withdrawals. However, as with any platform, experiences can vary, and it is always recommended to do thorough research before investing. Trading Platforms: SimpleFX offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi-currency accounts. Trading Instruments: SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. It also allows trading of some of the most popular global stocks commission-free. Additionally, it offers long or short trading on over 170 CFDs with high leverage up to 1:500. Crypto Trading: SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading. In conclusion, while SimpleFX has been praised for its features and services, its offshore status and lack of regulation suggest that potential users should proceed with caution and conduct thorough research before investing.

Is SimpleFX Regulated and who are the Regulators?

In the context of forex, SimpleFX is an offshore broker that is not regulated by any government agency. While SimpleFX does not appear to be an outright scam like many of the websites we write about here, its activities are subject to absolutely no regulation and its clients do not receive the guarantees and protections they would enjoy if they were working with a licensed broker. It is advisable to approach this broker with caution. SimpleFX is owned and operated by SimpleFX Ltd, a company stated to be incorporated in Saint Vincent and the Grenadines (SVG). A check of the Financial Services Authority (FSA) of St. Vincent and the Grenadines database confirms that the SimpleFX Ltd is registered there. However, this registration does not mean much. The FSA does not license forex brokers and does not regulate their activities. The institution has repeatedly issued warnings on this issue, with the latest such warning dated 23 June 2021. In addition to this, it should be pointed out that SimpleFX does not have a good track record with regulators, especially in the European Union. In December 2021, the Italian financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) blacklisted SimpleFX. In previous years, other EU regulators have also taken action against this broker. To summarize, SimpleFX is not regulated by any government agency and its activities are subject to absolutely no regulation. It is advisable to approach this broker with caution.

Did SimpleFX win any Awards?

SimpleFX, a renowned online trading broker, has indeed been recognized with several awards over the years. These accolades highlight the platform’s commitment to providing a secure, transparent, and user-friendly trading experience. Best Support 2023 Award In March 2023, SimpleFX was honored with the Best Support 2023 award at the Crypto Expo Europe held in Bucharest, Romania. This recognition underscores the platform’s dedication to delivering top-notch customer service via live chat and email. The award also signifies SimpleFX’s continuous efforts to leverage the latest technology to create a safe and easy-to-use trading platform. Best Trading Platform Awards SimpleFX has also been acclaimed as the Best Trading Platform at multiple events. It received this honor at the Cryptocurrency World Expo 2022 in Warsaw. Prior to that, it was recognized as the Best Trading Platform at the Finance World Expo 2019 in Zug. Best Mobile App 2020 In 2020, SimpleFX was awarded the Best Mobile App by Rankia Awards. This award is a testament to the platform’s focus on providing a seamless mobile trading experience for its users. Best Cryptocurrency Trading Platform In 2018, SimpleFX was named the Best Cryptocurrency Trading Platform at the Cryptocurrency World Expo in Berlin. This award reflects the platform’s excellence in providing a wide range of digital assets for trading. These awards not only validate SimpleFX’s commitment to providing a superior trading experience but also strengthen its presence in the global forex and cryptocurrency trading landscape. The platform continues to innovate and enhance its offerings to meet the evolving needs of traders and investors worldwide. It’s worth noting that while SimpleFX has been recognized for its achievements, potential users should always conduct their own research and consider their individual trading needs when choosing a platform. Please note that while I’ve provided this information in a detailed manner, it’s important to remember that past performance and accolades do not guarantee future success. Always conduct thorough research and consider your individual trading needs when choosing a platform.

How do I get in Contact with SimpleFX?

SimpleFX is a renowned platform in the world of forex trading, offering a powerful trading platform that is accessible 24/7. It provides a range of resources for traders, including support for cryptocurrencies, stocks, indices, and commodities. For those who wish to get in touch with SimpleFX, there are several avenues available:. Email: You can reach out to SimpleFX via email. There are two main email addresses provided for contact: For general support, you can write to support@simplefx.com. For partnership inquiries, you can contact partnership@simplefx.com. Website: You can visit their official website and navigate to the ‘Support’ section. Here, you can search through their Frequently Asked Questions or get in touch with their team. . SimpleFX is registered at Beachmont Business Centre, Suite 404, Kingstown, St. Vincent and the Grenadines. The company’s registration number is 22361 BC 2014, and its Legal Entity Identifier is 21380042B8QJ87V4HA89. Whether you’re a seasoned trader or a beginner in the forex market, SimpleFX offers a range of tools and resources to help you make informed trading decisions. So, don’t hesitate to reach out to them for any queries or support you may need.

Where are the Headquarters from SimpleFX based?

SimpleFX is a significant player in the financial services industry, with a particular emphasis on cryptocurrency and Contract for Difference (CFD) trading. The company, which was established in 2014, offers a platform for trading a variety of financial instruments, including global currencies, precious metals, key indices, and popular commodities. It also provides services for investing in fiat money and cryptocurrencies, with features for fast worldwide transfers, and no limits on deposit and withdrawal of funds. The headquarters of SimpleFX is located at Suite 305, Griffith Corporate Centre, Beachmont, VC0100, Saint Vincent, The Grenadines. This location in the Caribbean positions SimpleFX in a unique regulatory environment, as it is incorporated as an International Business Company (IBC) by the Registrar of International Business Companies of St. Vincent and the Grenadines. SimpleFX distinguishes itself from other trading services in the space by allowing users to trade over several currency marketplaces and providing a straightforward, convenient interface that is accessible on mobile and desktop devices. The platform offers different kinds of deposit/withdrawal methods, a variety of crypto-to-fiat and crypto-to-crypto trading pairs. In conclusion, SimpleFX, with its headquarters in Saint Vincent and the Grenadines, offers a robust and diverse platform for financial trading and investment, making it a noteworthy entity in the world of forex and cryptocurrency trading.

What kind of Customer Support is offered by SimpleFX?

SimpleFX, a renowned trading and investing platform, offers a comprehensive customer support system to assist its users. The support is available 24/7, ensuring that users can get help whenever they need it. The platform provides a Frequently Asked Questions (FAQ) section that covers a wide range of topics, including payments, Meta Trader 4, Forex terms, general questions, affiliates, and trading cryptocurrencies. This allows users to find answers to their queries without having to contact the support team directly. In addition to the FAQ section, users can also get in touch with the support team. The team is available to assist users with any issues or questions they may have about the platform. The support is provided in multiple languages, making it accessible to users from different parts of the world. The customer support is not limited to just the platform. Users can also find phone numbers, email addresses, and other contact information for resolving their issues. This ensures that users can reach out to the support team through various channels, depending on their preference. In the context of Forex trading, the support provided by SimpleFX is crucial. Forex trading can be complex and challenging, especially for beginners. Having a robust support system can help traders navigate the platform, understand Forex terms, and make informed trading decisions. Overall, the customer support offered by SimpleFX is comprehensive and user-friendly, making it a reliable choice for both novice and experienced Forex traders. It is evident that SimpleFX values its users and strives to provide them with the best possible support to ensure a smooth and successful trading experience.

Which Educational and Learning Materials are offered by SimpleFX?

SimpleFX, a CFD broker established in 2015, offers a variety of educational and learning materials for traders. The broker’s educational resources are primarily available on the SimpleFX blog. The educational section of the SimpleFX blog is divided into two categories. This structure provides a solid entry-level introduction to trading. The content is regularly updated with fresh trading ideas. , making it a valuable resource for both new and experienced traders. In addition to educational content, SimpleFX provides a wide range of trading instruments. These include currencies, stocks, indices, commodities, and cryptocurrencies. This selection allows traders to diversify their portfolios and explore different markets. SimpleFX is particularly focused on the cryptocurrency niche. The broker provides its clients with the opportunity to open accounts and withdraw funds in cryptocurrency. This feature distinguishes SimpleFX in the trading industry and makes it an attractive choice for traders interested in cryptocurrency. Overall, SimpleFX’s educational and learning materials, combined with its diverse trading instruments and focus on cryptocurrency, provide a comprehensive and modern trading experience.

Can anyone join SimpleFX?

SimpleFX is a versatile trading platform that allows users to trade in various assets, including forex, stocks, commodities, and cryptocurrencies. Eligibility: The platform is designed to be accessible to a wide range of users. One of the key features of SimpleFX is its low barrier to entry. Users can create an account using just an email address. This makes it possible for virtually anyone to join SimpleFX and start trading. Trading Assets: SimpleFX offers a broad spectrum of trading assets. Users can trade in major forex pairs like EURUSD, GBPUSD, and USDJPY. In addition to forex, users can also trade in popular cryptocurrencies like Bitcoin and Ethereum, as well as in commodities, stocks, and indices. Platform Features: SimpleFX provides a user-friendly interface that works seamlessly on every device. It offers a web trader for desktop users and native iOS and Android apps for mobile users. The platform also offers features like leverage trading, allowing users to maximize their potential returns. Deposits and Withdrawals: SimpleFX prides itself on its seamless deposit and withdrawal process. Users can deposit and withdraw funds effortlessly with no limits. This feature, coupled with the ability to trade 24/7 on global financial markets, makes SimpleFX a convenient platform for both novice and experienced traders. In conclusion, SimpleFX is a comprehensive trading platform that is accessible to anyone with an email address. Its wide range of tradable assets, user-friendly interface, and flexible deposit and withdrawal process make it an attractive choice for individuals interested in forex and other forms of trading.

Who should sign up with SimpleFX?

SimpleFX is a cutting-edge online trading platform that caters to a wide range of traders. Here are the types of traders who should consider signing up with SimpleFX:. 1. Traders who need lots of options: SimpleFX offers a wide range of assets to trade, including forex, crypto, indices, precious metals, and commodities. This makes it an ideal platform for traders who want to diversify their portfolio. 2. Customers who wish to invest with leverage: SimpleFX provides leverage up to 1:500. , allowing traders to potentially amplify their profits. 3. Multicurrency traders: With 60 currency pairs available for trading. , multicurrency traders will find ample opportunities on SimpleFX. 4. Cryptocurrency owners: SimpleFX is not just for fiat money. Cryptocurrency owners can also invest their digital assets in various markets. 5. Traders who prefer to skip the KYC: SimpleFX allows traders to sign up just with an email address. , making the registration process quick and hassle-free. 6. Experienced traders who would like to use MT4: MetaTrader 4 (MT4) is a popular trading platform among experienced traders for its advanced features. SimpleFX supports MT4, allowing these traders to use a platform they are comfortable with. In addition to these, SimpleFX has no minimum deposit requirement. , making it accessible for traders of all levels. However, it’s worth noting that SimpleFX might have too many options for new investors. Therefore, beginners should ensure they understand the platform and the markets they are trading in before they start. Please note that while SimpleFX offers a wide range of features and options, trading involves risk and it’s possible to lose your invested capital. Always trade responsibly and consider your financial situation and risk tolerance before trading.

Who should NOT sign up with SimpleFX?

SimpleFX is a popular online trading platform that offers a wide range of investment options, including forex, crypto, indices, precious metals, and commodities. However, it may not be suitable for everyone. Here are some categories of individuals who might want to reconsider signing up with SimpleFX:. New Investors: SimpleFX offers a vast array of options, which can be overwhelming for new investors. The platform’s complexity and the inherent risks associated with trading might pose challenges for those who are new to the investment world. Regulation-Conscious Traders: SimpleFX is registered by the IBC and has a register number 22361, and has LEI (Legal Entity Identifier) of 21380042B8QJ87V4HA89. However, it remains unregulated. Traders who prefer to work with regulated brokers for added security might want to look elsewhere. Bank Card Users: SimpleFX does not support withdrawals to a bank card. This could be inconvenient for traders who prefer to use their bank cards for transactions. Non-English Speakers: The platform does not offer multilingual technical support. This could be a barrier for traders who are not comfortable with English. Traders Looking for Variety in Account Types: SimpleFX provides only one type of account. Traders who prefer platforms that offer a variety of account types to suit different trading styles and levels of experience might find SimpleFX limiting. In conclusion, while SimpleFX has many strengths, including low spreads, no minimum deposit, and the ability to trade 24/7. , it may not be the best fit for everyone. Potential users should carefully consider their individual needs, preferences, and risk tolerance before deciding to sign up. It’s always a good idea to do thorough research and perhaps try out a demo account before committing to a trading platform. Remember, all trading involves risk and it’s important to trade responsibly.

Does SimpleFX offer Discounts, Coupons, or Promo Codes?

SimpleFX, a competitive online crypto exchange, does offer various discounts and promotional codes. Here are some of the key details:. Promo Code: SimpleFX has a promo code that offers a 5% discount on sign up. This code, known as ‘GET5’, is currently the best SimpleFX coupon code. Customers who use this code can expect to save an average of $21 on their purchases. Exclusive Discount: SimpleFX also offers an exclusive discount to customers who sign up at their website. The specifics of this discount are not detailed, but it is another way that SimpleFX encourages new users to join their platform. Competitor Codes: SimpleFX provides up to $150 off on crypto exchanges with instant SimpleFX competitor codes. This is a significant discount and can be a great incentive for users considering multiple platforms. Monthly Offers: In addition to these codes, SimpleFX also runs monthly offers where users can win $50, with no deposit needed. It’s important to note that while SimpleFX does offer these discounts and promo codes, they are not always available. The availability of these offers can vary, and they are subject to change. Therefore, it’s always a good idea to check their website or other reliable sources for the most current and accurate information. In the context of forex trading, these discounts and promo codes can provide a financial advantage to traders. They can reduce the cost of trading and potentially increase profitability. However, as with all trading, risks are involved and it’s important to trade responsibly.

Which Account Types are offered by SimpleFX?

SimpleFX offers a variety of account types to cater to the diverse needs of its users. Here’s a detailed overview:. Demo and Live Accounts. SimpleFX provides both Demo and Live accounts. The Demo account is perfect for beginners who want to learn margin trading without risking real money. On the other hand, the Live account is for those ready to start real trading. Currency Options. SimpleFX has expanded its global reach by adding five new currencies for account operation. These include the Indian Rupee (INR), Indonesian Rupiah (IDR), Singapore Dollar (SGD), Malaysian Ringgit (MYR), and South African Rand (ZAR). This expansion allows users in Asia and Africa to operate their accounts in their national currency. In addition to these, SimpleFX allows trading accounts to be run in 24 different traditional fiduciary currencies and seven cryptocurrencies, including Bitcoin, Ethereum, Dash, Monero, and more. Account Creation Process. To open a new account with SimpleFX, users need to choose the “Accounts & Deposits” option in the slide-in menu, and hit the “Add accounts” button. They can then choose between “Demo” and “Live”, and pick the currency of their choice from the dropdown menu. The last step is to choose a strong password for the new account. Payment Options. SimpleFX has partnered with Skrill, a leading money transfer provider, to support the new payment options. Skrill transfers to SimpleFX accounts are instant, so the deposited money should be available for trading immediately. Please note that for Skrill transfers to SimpleFX account, the minimum amount is the equivalent of $20. For those who prefer accounts with no minimum deposits, no fees, and the best transfer security, SimpleFX offers cryptocurrency accounts. However, in this case, users may need to wait several minutes (up to an hour) for their money to arrive. In conclusion, SimpleFX offers a wide range of account types and payment options, making it a versatile platform for users worldwide. Whether you’re a beginner or an experienced trader, SimpleFX has an account type to suit your needs.

How to Open a SimpleFX DEMO account?

Opening a SimpleFX DEMO account is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide:. Step 1: Visit the SimpleFX Website Go to the SimpleFX website. You’ll find a wealth of resources, including information about Forex trading, commodities, and global assets. Step 2: Sign Up Click on the ‘Sign Up’ button. You’ll be asked to agree to the Terms of Use. Step 3: Choose DEMO Account Select the option to open a DEMO account. This type of account allows you to trade with virtual money, providing a safe space to learn and practice. Step 4: Fill in Your Details Provide the necessary personal information. Remember, this is a DEMO account, so you won’t need to provide any financial details at this stage. Step 5: Confirm Your Account After filling in your details, you’ll need to confirm your account. Check your email for a confirmation link. Step 6: Login to Your Account Once your account is confirmed, you can log in. For MetaTrader4 users, choose ‘File->Login to Trade Account’ and fill in your login credentials. Step 7: Start Trading Now that your DEMO account is set up, you can start trading. Use this opportunity to familiarize yourself with the platform and practice your trading strategies. Remember, the goal of using a DEMO account is to gain experience and learn. Don’t be afraid to make mistakes – that’s part of the learning process. Happy trading!.

How Are You Protected as a Client at SimpleFX?

As a client at SimpleFX, you are protected through a variety of measures designed to ensure the security and privacy of your data and funds. These measures are in line with the company’s commitment to provide a safe and reliable trading environment. Negative Balance Protection: This feature provides the option of closing your transactions to protect your account from reaching a negative balance. It reduces the risk of loss and ensures a safer trading experience. Two-Factor Authentication: SimpleFX offers two-factor authentication, adding an extra layer of security to your account. This feature generates dynamic passcodes, which are safer to use than fixed login information. Client Segregated Accounts: The security of client funds is a crucial issue for SimpleFX. Your funds are kept in reliable banks and financial companies, separate from the company’s own funds. This segregation ensures that your funds can be returned to you in the event of the company’s insolvency. Fast and Secure Transfers: Deposits are made under the strict control of SimpleFX’s encrypted system, ensuring the safety of your money operations within their website. This prevents any unauthorized activities and keeps your personal details secure. Privacy Protection Policy: SimpleFX Ltd. has a Privacy Protection Policy in place to protect the privacy of its users. This policy ensures lawful, reliable, and transparent processing of your personal data while using their services. In conclusion, SimpleFX has implemented a comprehensive set of security measures to protect its clients. These measures, combined with the company’s commitment to transparency and reliability, make SimpleFX a secure platform for Forex CFDs trading.

Which Funding methods or Deposit Options are available at SimpleFX?

SimpleFX, a leading trading and investing platform, offers a variety of funding methods and deposit options. Here are some of the options available:. Credit and Debit Cards You can fund your SimpleFX account using credit or debit cards such as Visa and MasterCard. This is a convenient and quick method for funding your account. Digital Wallets SimpleFX also accepts digital wallets like Neteller and Skrill. These digital wallets offer a secure and efficient way to manage your funds. Bank Transfer Bank transfers are another option for funding your SimpleFX account. This traditional method is reliable, although it might take longer compared to other methods. Cryptocurrencies SimpleFX stands out for its extensive support for cryptocurrencies. You can deposit funds using over sixty cryptocurrencies. , including but not limited to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and many more. Apple Pay For Apple users, Apple Pay is also a viable option for funding your SimpleFX account. Please note that the time to fund, minimum deposit, maximum deposit, and fees may vary depending on the deposit method. Always check the latest information on the SimpleFX website or app before making a deposit. Remember, investing in forex involves risk. Make sure to understand the risks involved and consider your level of experience before trading.

What is the Minimum Deposit Amount at SimpleFX?

SimpleFX is a renowned CFD broker that offers leveraged trading activities. The platform is known for its competitive fees and no minimum benefits. SimpleFX at a Glance. Location: SimpleFX is located in St. Vincent and the Grenadines. Established: The platform started its journey as a CFD broker in 2014. Trading Platforms: SimpleFX offers the widely accepted MT4 platform and their very own SFX WebTrader. Minimum Deposit: There is no limit to the transaction. Hence, the minimum deposit amount at SimpleFX is zero. You can start trading with any amount. Deposit Time: Deposits might take one hour to get funded. Withdrawal Time: Withdrawals will take around 24 hours without any charges. Trading Instruments SimpleFX provides more than 170 instruments, including 60 currency pairs. They also offer multiple major indices such as FTSE100 with a dozen of stocks. Traders can also access commodities, including metals, oils, and cryptos. Trading Platforms. SimpleFX MT4: SimpleFX comes with MetaTrader 4 platform, which is available to download on desktop. MT4 gives the traders a new trading experience via their trade automation, expert advisors, charting features, tools, and so on. Most importantly, they have the copy trading feature. SFX WebTrader: The brokerage firm has a dedicated web trading platform for all. It is accessible from any latest browser and newbie-friendly. The design includes a news column, chat room, trading idea generator, and more. They have a unique in-platform live customer support for prompt feedback on any issues. In conclusion, SimpleFX is a versatile platform that caters to both new and experienced traders. With no minimum deposit limit, it offers an accessible entry point for those interested in forex trading.

Which Withdrawal methods are available at SimpleFX?

SimpleFX, a popular trading and investing platform, offers a variety of withdrawal methods to cater to the diverse needs of its global clientele. These methods are designed to provide a seamless experience for traders and investors alike. Cardano (ADA): The time to fund is 1 minute. There is no minimum or maximum deposit limit and the fee is free. Cosmos (ATOM): The time to fund is 1 minute. There is no minimum or maximum deposit limit and the fee is free. Band (BAND): The time to fund is 1 minute. There is no minimum or maximum deposit limit and the fee is free. Binance Coin (BNB): The time to fund is 1 minute. There is no minimum or maximum deposit limit and the fee is free. Bitcoin (BTC): The time to fund is 1 hour. There is no minimum or maximum deposit limit and the fee is free. Bitcoin Cash (BCH): The time to fund is 1 hour. There is no minimum or maximum deposit limit and the fee is free. Chainlink (LINK) - ERC20: The time to fund is 15 minutes. There is no minimum or maximum deposit limit and the fee is free. Dai (DAI) - ERC20: The time to fund is 15 minutes. There is no minimum or maximum deposit limit and the fee is free. Dash (DASH): The time to fund is 1 hour. There is no minimum or maximum deposit limit and the fee is free. Decentraland (MANA): The time to fund is 15 minutes. There is no minimum or maximum deposit limit and the fee is free. Dogecoin (DOGE): The time to fund is 1 hour. The minimum deposit is 0.01 DOGE and there is no maximum deposit limit. The fee is free. Polkadot (DOT): The time to fund is 1 minute. There is no minimum or maximum deposit limit and the fee is free. EOS: The time to fund is 1 minute. There is no minimum or maximum deposit limit and the fee is free. Ethereum (ETH): The time to fund is 15 minutes. There is no minimum or maximum deposit limit and the fee is free. Ethereum Classic (ETC): The time to fund is 24 hours. There is no minimum or maximum deposit limit and the fee is free. Fasapay: The time to fund is instant. The minimum deposit is 0.01 USD and there is no maximum deposit limit. The fee is free. Litecoin (LTC): The time to fund is 1 hour. There is no minimum or maximum deposit limit and the fee is free. Polygon (MATIC): The time to fund is 15 minutes. There is no minimum or maximum deposit limit and the fee is free. Monero (XMR): The time to fund is 1 hour. There is no minimum or maximum deposit limit. It’s important to note that the available withdrawal methods may differ in each country SimpleFX operates, and currency conversion fees will apply if your withdrawal method base currency is not the same as your SimpleFX account base currency.

Which Fees are charged by SimpleFX?

SimpleFX is a trading platform that operates as a Straight Through Processing (STP) forex broker. This means that they don’t apply a maker/taker fee in an exchange model. Instead, they charge fees for swap and spread. In terms of specific fees, SimpleFX does not charge any fee for registration and deposits. However, they do charge an inactivity fee of 3% (minimum 10 USD) for those who deposit and withdraw without making any trades. This inactivity fee is something that potential traders should be aware of, as it can add to the cost of trading if they are not actively participating in the market. The withdrawal fee at SimpleFX depends on the cryptocurrency you want to trade. For example, the withdrawal fee for Cardano (ADA) is 0.2 ADA, for Cosmos (ATOM) it’s 0.015 ATOM, for Binance Coin (BNB) it’s 0.0002 BNB, for Binance USD (BUSD) it’s 0.1 BUSD, for Bitcoin (BTC) it’s 0.00005 BTC, for Bitcoin Cash (BCH) it’s 0.0003 BCH, for Dash (DASH) it’s 0.001 DASH, and for Dogecoin (DOGE) it’s 2 DOGE. As for the trading costs, SimpleFX offers competitive spreads. The spreads are around 1.3 pips for major indices like the FTSE 100. For EUR/USD, spreads average around 0.9 pips and for gold, you’re looking at around 0.17 pips. These trading fees are fairly competitive when compared to similar brokerages. In conclusion, while SimpleFX does not charge trading fees, they do have costs associated with swap, spread, inactivity, and withdrawal. As always, it’s important for traders to understand all the associated costs before beginning to trade on any platform. This ensures that there are no surprises and that traders can make the most informed decisions possible.

What can I trade with SimpleFX?

SimpleFX is a free trading and investing app that allows you to trade various financial markets from any device, anywhere. You can trade global assets such as forex, cryptocurrency, stock indices, commodities, precious metals and also shares. Here is a detailed overview of what you can trade with SimpleFX:. Forex: You can trade more than 60 currency pairs with SimpleFX, including unique instruments such as Turkish Lira, South African Rand or Israeli Shekel. You can also trade 8 cryptocurrency pairs such as Bitcoin, Litecoin, Ethereum and Dash. SimpleFX offers spreads from 0.1 pips and allows you to trade 24/7/365. Stock Indices: You can trade a wide range of stock indices from around the world with SimpleFX, such as ASX200, CAC40, DAX30, DJI30, FTSE100, HSI50, IBEX35, NDX100, NIKKEI225, SMI20 and SPX500. You can also trade US stocks such as Apple Inc., Amazon.com Inc., Alibaba Group Holding Limited and Tesla Motors Inc. Commodities: You can trade commodities such as UKOIL and USOIL with SimpleFX. These are contracts that track the price of oil in the global market. Precious Metals: You can trade precious metals such as gold and silver with SimpleFX. These are contracts that track the price of gold and silver in the global market. Shares: You can trade shares of companies from various countries and sectors with SimpleFX. Some of the popular shares available are Nintendo Co Ltd., Panasonic Corp., Sony Corp., Toyota Motor Corp., Adidas AG, Allianz SE and Pfizer Inc. . SimpleFX is a powerful and user-friendly platform that offers you a variety of trading opportunities and features. You can open an account with SimpleFX in minutes and start trading any financial markets you want. To learn more about how to use SimpleFX WebTrader. , you can check out their tutorials. Happy trading!.

Which Trading Platforms are offered by SimpleFX?

SimpleFX offers a variety of trading platforms to cater to the diverse needs of its users. Here are the details:. SimpleFX WebTrader: This is the primary trading platform offered by SimpleFX. It’s designed to be fast, secure, and easy to use. The WebTrader is accessible from any device, making it convenient for users to trade from anywhere. MetaTrader 4 (MT4): In addition to the WebTrader, SimpleFX also offers the MetaTrader 4 platform. MT4 is one of the most popular trading platforms in the world, known for its user-friendly interface and advanced trading features. Users can utilize tools such as expert advisor, trailing stop, multiple close, and no limit level. Mobile Apps: SimpleFX has native iOS and Android apps, allowing users to trade on their phones. These apps are designed to provide a seamless trading experience on mobile devices. Desktop Applications: SimpleFX also provides desktop applications for both Windows and Mac OS. These applications offer a more robust trading experience for users who prefer to trade on their personal computers. All these platforms support trading a wide range of assets, including Forex, cryptocurrencies, stocks, indices, and commodities. SimpleFX is known for its low latency and fast execution times, thanks to its LD4 Equinix server located in London. Furthermore, SimpleFX does not charge any trade commission. Please note that while SimpleFX offers a variety of platforms, the choice of platform may depend on the user’s trading needs and preferences. It’s always a good idea to explore each platform and choose the one that best suits your trading style.

Which Trading Instruments are offered by SimpleFX?

SimpleFX offers a wide range of trading instruments. Here’s a detailed overview:. Forex Currency Pairs: SimpleFX offers more than 60 currency pairs to choose from, including unique instruments such as the Turkish Lira, South African Rand, and Israeli Shekel. This allows traders to diversify their portfolio and take advantage of different market conditions. Cryptocurrency Pairs: In addition to traditional forex trading, SimpleFX also offers 8 cryptocurrency pairs including Bitcoin, Litecoin, Ethereum, and Dash. This allows traders to participate in the rapidly growing cryptocurrency market. Stock Indices: SimpleFX offers a wide range of indices. This allows traders to speculate on the performance of a specific group of stocks from a particular country or region. Commodities: Traders can also trade in commodities like UKOIL, USOIL, and NATURALGAS. This provides opportunities to profit from changes in the prices of these essential goods. Precious Metals: Trading in precious metals like XAGAUD, XAGUSD, XAUAUD, XAUEUR, and XAUUSD is also possible with SimpleFX. These assets often serve as a hedge against market volatility. Shares: SimpleFX offers trading in shares from various markets. This includes US Stocks like Apple Inc., Amazon.com Inc., and Tesla Motors, Inc., Japanese Stocks like Nintendo, Co Ltd, and Sony Corp, and German Stocks. In conclusion, SimpleFX provides a comprehensive suite of trading instruments, catering to a wide range of trader preferences and strategies. Whether you’re interested in forex, cryptocurrencies, indices, commodities, precious metals, or shares, SimpleFX has got you covered.

Which Trading Servers are offered by SimpleFX?

SimpleFX offers a range of trading servers and platforms to cater to the diverse needs of traders. Here are the key offerings:. Fast Execution: SimpleFX ensures fast execution with no delays and low latency. This is a crucial feature in forex trading where even a fraction of a second can make a significant difference. LD4 Equinix Server: The LD4 Equinix server located in London is used by SimpleFX for its operations. Equinix is the world’s largest IBX data center & colocation provider, offering the fastest application performance and lowest latency routes worldwide. MetaTrader 4: SimpleFX includes the MetaTrader4 account in its offerings. MetaTrader 4 is one of the most known trading platforms in the world, and it allows traders to use tools such as expert advisor, trailing stop, multiple close, and no limit level. Mobile Trading: SimpleFX also offers mobile versions of its trading platform. This allows traders to trade and watch their investments all the time, everywhere they want. No Trade Commission: SimpleFX does not charge any trade commission. This is a significant advantage for traders as it allows them to maximize their profits. API Manager: SimpleFX provides an API manager for more advanced trading features. These offerings make SimpleFX a comprehensive solution for forex traders, providing them with the tools and platforms they need to succeed in the fast-paced world of forex trading. Please note that while SimpleFX offers these features, it’s important for traders to understand their individual trading needs and ensure that the platform aligns with those needs.

Can I trade Crypto with SimpleFX? Which crypto currencies are supported by SimpleFX?

Yes, you can trade cryptocurrencies with SimpleFX. SimpleFX is a trading and investing application that specializes in cryptocurrency trading. It offers sophisticated automatic trading solutions and allows for fast and secure transfers with no minimum deposits. The platform supports a wide range of cryptocurrencies. Here are some of the cryptocurrencies supported by SimpleFX. Bitcoin (BTC). Ethereum (ETH). Litecoin (LTC). Bitcoin Cash (BCH). Binance Coin (BNB). Cardano (ADA). Polkadot (DOT). EOS (EOS). ChainLink (LINK). NEO (NEO). Waves (WAVES). Tezos (XTZ). Zcash (ZEC). Monero (XMR). yearn.finance (YFI). In addition to these, SimpleFX also supports other cryptocurrencies. The platform is constantly expanding its catalog by adding new currencies and making new crypto-fiat pairs available. SimpleFX also communicates directly with your crypto wallet, which allows you to write in the public blockchain ledger and perform transactions. Crypto deposits and withdrawals in SimpleFX are free of charge and are processed within a few minutes. In the context of forex, SimpleFX allows you to trade cryptocurrencies against various fiat currencies. This provides a unique opportunity for forex traders to diversify their portfolio and gain exposure to the volatile crypto market. Please note that trading cryptocurrencies involves risk, just like any other form of investment. It’s important to understand the market and use proper risk management strategies. Happy trading!.

What is the Leverage on my SimpleFX Trading Account?

Leverage on SimpleFX Trading Account is a feature that allows you to trade with more money than you have in your account. By using leverage, you can increase your potential profits, but also your potential losses. Leverage is expressed as a ratio of the amount you can trade to the amount you have in your account. For example, if you have $1000 in your account and use leverage of 1:10, you can trade up to $10,000 worth of assets. SimpleFX offers different levels of leverage depending on the asset class you trade. The maximum leverage level is defined by the asset class and is as follows:. Forex – up to 1:500 Cryptocurrencies – up to 1:1000 Stocks – up to 1:50 . To use leverage on SimpleFX, you need to set it in the trading platform before opening a position. You can also adjust the leverage level during an existing position by using the Leverage option in the order panel. SimpleFX does not charge any commissions or interest for using leverage. The only fees are swaps or rollovers, which are the costs of holding an open position overnight. SimpleFX also provides negative balance protection, which means that if your account balance falls below zero due to a losing trade, SimpleFX will automatically close your position and return your funds to your account. Leverage trading can be a powerful tool for traders who want to take advantage of market movements and increase their returns. However, it also comes with significant risks and requires careful management and risk control. Before you start trading with leverage, make sure you understand how it works and what are the potential consequences. If you want to learn more about leverage trading on SimpleFX, you can check out their Leverage Trading Guide, which explains everything in detail and provides examples and tips.

What kind of Spreads are offered by SimpleFX?

SimpleFX, a popular trading platform, offers a wide range of assets with excellent trading conditions. One of the key features of their offering is the competitive spreads they provide. Spreads from 0.1: SimpleFX’s primary task is to keep spreads at the lowest possible level. Thanks to top-notch technology and liquidity providers, they offer spreads which, in moments of the greatest liquidity, can be as low as 0.1. Forex Spreads: In the Forex market, SimpleFX offers more than 60 currency pairs to choose from, including unique instruments such as Turkish Lira, South African Rand, or Israeli Shekel. For the EUR/USD pair, spreads average around 0.9 pips. Indices Spreads: SimpleFX also offers a wide range of indices. The spreads for major indices like the FTSE 100 are around 1.3 pips. Precious Metals Spreads: For traders interested in precious metals, the spread for gold is around 0.17 pips. It’s important to note that trading at SimpleFX is commission-free. This, combined with their competitive spreads, makes them a compelling choice for traders.

Does SimpleFX offer MAM Accounts or PAMM Accounts?

In the context of forex trading, MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts are tools that allow fund managers to manage multiple accounts from a single account. MAM accounts provide greater flexibility to allocate trades and adjust the risk of each sub-account based on the clients’ risk profiles. For example, the manager can allocate trades on a fixed basis, define the number of lots traded by each individual account, and change the amount of leverage applied to the sub-accounts. PAMM accounts, on the other hand, feature a management module that distributes the sizes of trades according to an allocation percentage. This solution is offered by many forex brokers for investors and fund managers. With a PAMM account, an investor can also allocate a percentage of his account to one or more managers. However, after conducting a search, there is no explicit information available on whether SimpleFX offers MAM or PAMM accounts. It’s recommended to directly contact SimpleFX for the most accurate and up-to-date information. Please note that the availability of these account types can vary between different regions and regulatory jurisdictions. It’s always important to ensure that the services provided by the broker align with your specific trading needs and objectives.

Does SimpleFX allow Expert Advisors?

Yes, SimpleFX does allow the use of Expert Advisors (EAs). SimpleFX is an unregulated Forex and CFDs broker that was founded in 2014. It offers more than 200 trading instruments for traders globally. The company provides its own proprietary trading apps for Android and iOS and also provides MetaTrader 4 (MT4) mobile and desktop software for advanced traders. The MetaTrader 4 (MT4) platform is very popular among traders and is well-respected for its feature-rich, intuitive professional user interface. Almost any trading strategy can be formalized and implemented as an Expert Advisor on MT4, so that it automatically does all the work for you. SimpleFX MT4 provides the complete environment for the development, testing, and optimizing algorithmic/automated trading programs. Expert Advisors (EAs) are essentially trading robots that can automate trading strategies on the MT4 platform. This means that once the conditions for a particular strategy are met, the EA will execute trades according to the parameters set by the trader. This can be particularly useful for traders who want to take advantage of market movements during times when they are unable to monitor the markets themselves. In conclusion, SimpleFX does allow the use of Expert Advisors (EAs), providing traders with a powerful tool to automate their trading strategies and potentially increase their trading efficiency.

Does SimpleFX offer Copytrading?

Yes, SimpleFX does offer Copytrading. This feature is a part of the MetaTrader4 platform, which is compatible with SimpleFX. Copytrading, also known as social trading or mirror trading, allows users to replicate the real-time forex trades of other live investors they wish to follow. This means that every time the followed investor trades, the user’s brokerage account automatically replicates their trades. SimpleFX is a cutting-edge online trading app that allows users to invest in a variety of assets including forex, crypto, indices, precious metals, and commodities. It offers a wide range of features designed for success, including the ability to trade in 60 currency pairs with spreads as low as 0.1. The platform operates 24/7/365, offering continuous trading opportunities. In addition to copytrading, SimpleFX also supports automated trading using Expert Advisors. This feature allows users to automate their trading strategies, further enhancing the trading experience. Furthermore, SimpleFX does not charge commissions or interest for the use of leverage. , making it an attractive option for traders. It’s important to note that trading in forex and other financial instruments involves risk. Between 74% and 89% of retail investor accounts lose money when trading CFDs. Therefore, users should consider whether they understand how these instruments work and whether they can afford to take the high risk of losing their money.