Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from SimpleFX review
About the broker
| Web: | https://simplefx.com |
| Supported languages: | English, German, Spanish, French, Italian, Turkish, Portuguese, Vietnamese, Hindi and Russian |
| Year of foundation: | 2014 |
| Holder: | SimpleFX Ltd. |
| Headquarters: | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, VC, 1510, Saint Vincent And Grenadines |
| Methods of contacting customer support: | E-mail, online chat |
| Contact: | support@simplefx.com, |
| Deposit methods: | Bitcoin, Bitcoin Cash, BuyCrypto, Dash, Ether/Ethereum, FasaPay, Litecoin, Monero, Neteller, Skrill |
| Withdrawal methods: | Bitcoin, Bitcoin Cash, Dash, Ether/Ethereum, FasaPay, Litecoin, Monero, Neteller, Skrill |
About trading with SimpleFX
| Minimum deposit: | 1 USD |
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 0.9 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (55), cryptocurrencies (10) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | WebTrader |
| Social trading: |  |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at SimpleFX, of course you can find current info on their website https://simplefx.com.
Spreads at SimpleFX on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 0.9 | 0.9 | 1.1 |
* Spread was taken 17.01.2020 at 21:27 from the web or trading platform of SimpleFX.
Random reviews of competing CFD brokers: FXTradeMarket, Finotec, Rakuten Securities and Currency.com
Frequently Asked Questions
🧐 Is SimpleFX a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if SimpleFX is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with SimpleFX is very simple, just register on their website.
📱 Does SimpleFX offer the best mobile app for trading?
SimpleFX offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the SimpleFX mobile app.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of XTB. 74% of retail investor accounts lose money when trading CFDs with this provider |
 | | 100 USD | 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 01.11.2024 at 11:12 from the web or trading platform of Plus500. 80% of retail investor accounts lose money when trading CFDs with this provider |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with SimpleFX, please share it in the comments to help others to choose the suitable broker.
I am using the app and website regulary and can’t say anything bad about the broker. I will probably stay with them. Very easy service and comfort of trading.
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Great if you are beginner. I can learn so much about forex and how to trade. SimpleFX giving me necessary requirements to learn the basics. No delays and low latency. Spreads from 0.1.
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Great promotions and cashbacks. 50% commission for special events like european football championship. Mobile app easy to handle and navigate. No minimum deposits and no fees.
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When a friend told me I could make money using my cellphone I didn’t believe him. After 2 months I’ve made some good money. Great and easy trading tools are available in their app and it’s extremely easy to place and execute trades.
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They have a very good app, easy to use even for such a newbie as I am. Works great!
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I’ve started trading with SimpleFX around 3 months ago and the experience has been good so far. Their spreads are lower than similar competitors. Support is helpful.
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This platform is intuitive and does everything I want from forex app. love being able to trade anywhere I can establish a connection.
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The best Forex broker for you will depend upon how much money you want to deposit, what you want to trade, how often you want to trade, and your overall risk tolerance. I use SimpleFX but you can choose what you like most.
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