SimpleFX review 2025

With no minimum deposits, leverage up to 1:500, and intuitive CFD trading tools, SimpleFX is a great option for both beginner and advanced traders.

What can I do with SimpleFX? 

SimpleFX is a fast growing CFD broker that offers multi currency trading via the MetaTrader WebTrader and MetaTrader 4 platforms in Forex CFDs, along with the ability to buy and trade cryptocurrencies, indices, and commodities. The company’s motto is “Keep it simple!” and it allows you to get started trading with a demo account.

With the demo trading account you can practice without risking real money. SimpleFX mentions that all quotes used on demo accounts are the same as on real trading accounts, just with a 5 minute delay, so you get an accurate feeling for trading live markets.

SimpleFX markets, assets, and options 

What assets and products can you trade on SimpleFX?

With SimpleFX you can trade CFDs in crypto, forex, stocks, and indices. There are over 60 currency pairs, and 8 cryptocurrency pairs. 

In all, there are over 170 financial instruments and you can also trade some of the most popular stocks, including Apple, Amazon, and Facebook. 

What leverage trading options are there?

The maximum leverage provided by SimpleFX on Forex trades is 1:500. Leveraged trading carries an extra risk factor and should only be handled by experienced traders.

There is reasonable leverage on the FX assets and commodities/equities. However, the cryptocurrency leverage is disappointing, with only a maximum level of 1:2 available.

You are required to put down an initial margin to be able to perform trades using leverage, here’s a summary of what’s available on SimpleFX.

What are the spreads? 

SimpleFX offers very competitive spreads starting at 0.1 pips. The platform also has low fees with no hidden transaction costs, low deposit & withdrawal fees. All fees and spreads are displayed on the website, so you can get a clear image before trading using real money.

Fees, limits, and payment options on SimpleFX

What are the deposit and withdrawal fees, limits, and speeds?

SimpleFX’s payment options are slightly more limited than other established brokers in that they do not offer a credit/debit card or direct bank deposit/withdrawal option. Instead the primary options are Bitcoin, Ethereum, Dash, and other cryptos, and you can also pay using Fasapay. Here’s a summary of your options.

How much are SimpleFX’s fees and commissions? 

SimpleFX’s fees are in line with other online trading platforms, in that trades can be placed with no fees but the commissions come in the form of spreads. However you will have to pay a high overnight rollover fee (minimum $25) when you hold a CFD trade overnight. See the complete breakdown in the table below.

SimpleFX trade sizes and limits

SimpleFx offers minimum trade sizes starting at 0.01 lots, which are also known as micro lots. Users can then go up in increments to a maximum trade size of 100 lots, as illustrated in the table below.

SimpleFX trading platform 

What devices can I use SimpleFX on? 

SimpleFX is available on both desktop and laptop computers, and also on smartphones running Android or Mac OS (iPhones). The MetaTrader 4 platform (the preferred trading platform) is also available on numerous devices, including Mac OS, Windows, and Linux. 

• Mac OS
• Windows
• Linux
• Android

Can I use SimpleFX in my country? 

According to the company, SimpleFX is available in 160 countries and territories, including the UK, Germany, France, and Spain. 

SimpleFX is not available in the United States or any country where such distribution or use would be contrary to local law or regulation. Click on the dropdown list below to see if your country is supported. 

Is SimpleFX available in my language? 

The broker is available in various languages, including Chinese, German, English, and Italian. Click on the dropdown list below to see if it is available in your language.

How easy is it to use SimpleFX? 

The browser based MetaTrader WebTrader, MetaTrader 4, which are both user friendly trading services. The app versions of these platforms are similarly easy to use and come equipped with automatic trading solutions and various learning tools such as signal trading and automated trading for almost any strategy.

The SimpleFX blog also contains a series of videos and articles that can help traders stay up to date with the latest market trends. There is also a good selection of trading tutorials available in the SimpleFX trading academy, so you can improve your skills over time.

Key features 

Minimum $1 deposit

While many similar trading platforms will require a minimum deposit of $10 or the equivalent in the local currency, SimpleFX commits in making trading as simple as possible, so you can start your live account with as little as $1.

Negative account balance policy

SimpleFX offers Negative Balance Protection, similar to other online trading platforms. This feature allows you to close your transactions in order to protect your account before reaching negative balance.

FIX API

SimpleFX benefits from a FIX API trading solution for professional traders and programmers who require direct market access (DMA) for the trading applications that they have created. 

Security and regulation 

Is SimpleFX safe? 

Although SimpleFX is not regulated, it uses a series of other security procedures to ensure the safety of your money and investments such as two-factor authentication, negative balance protection, as well as fast & secure transfers to have access to your funds anytime you want.

Since most accounts are funded with cryptocurrencies, SimpleFX needs to have a robust coin management procedure in place. They operate a cold wallet protocol, which means that they keep most of their cryptos in an offline wallet, safe from hackers and any external threats.

Am I and my funds protected?

SimpleFX operates a policy of segregated accounts, which means the broker entity keeps clients’ funds separate from the funds of the brokers’ own operation. 

SimpleFX has strict solvency requirements and holds a buffer of funds to protect against any severe market movements that might occur, but the platform isn’t officially regulated so there are no robust protections on money deposited.

 Is SimpleFX regulated? 

SimpleFX is not a regulated financial entity but claims that this is their top priority for the upcoming year. The company is incorporated in Saint Vincent and the Grenadines under the registered number 22361 IBC by the Registrar of International Business Companies and its operations are subject to the Saint Vincent law. 

The main reason why SimpleFX is not regulated is because it largely offers cryptocurrency trading, which is yet to be strictly defined by financial regulations. Furthermore, the platform has full 256bit encryption on their website, which means any communication done through the website is encrypted and safe. 

Do I have to verify my account with SimpleFX? 

If you are only depositing using cryptocurrencies, you don’t have to worry about account verification when using SimpleFX. However, if you are depositing using a fiat currency, you will be required to complete a KYC in order to remain on top of the AML procedures at the broker. 

You’ll have to fully identify yourself and your place of residence to complete the verification process. SimpleFX, similar to other broker platforms with verified accounts, will require a proof of a government issued photo ID and a proof of address. 

Generally speaking, the account verification shouldn’t take more than 48 hours, and you will be notified when the process is completed. 

Extra information 

Educational resources 

SimpleFX puts a great amount of effort into educating beginner traders so you can hone your skills and advance as a trader. As previously stated, it is designed for both beginner and professional brokers and benefits from a regularly updated blog where you can find rich guides and tutorials. There is also a YouTube channel to which you can subscribe.

SimpleFX also supports social trading, which means you can follow one or more experienced traders and even open the same positions (so-called mirror trading).

Tools and charting 

There are few trading tools such as automated signals, trade setups, and standard chart analysis tools available on SimpleFX.

SimpleFX also comes with a wide array of advanced trading features to meet the requirements of professional traders, including a secure API manager to create your own custom setup.

Customer support 

Customer support is available 24 hours a day, 5 days per week but only through email and live chat. There is no phone number you can call to contact SimpleFX personally. Live chat is available in English, Spanish, and Portguese but the latter two are only available from 11.00 to 19.00 UTC. 

There is a helpful FAQ page that answers most of users’ questions and you can also get a hold of SimpleFX through their Facebook, Instagram, and Twitter social media platforms.

Our verdict 

Despite its lack of formal regulation and the limited number of stocks and CFD available for trading, SimpleFX is a clean, easy to use, intuitive platform when trading or handling cryptocurrencies. 

The MetaTrader WebTrader and MetaTrader 4 trading platforms are widely used and recognised for providing reliable, timely execution of trades with built-in analytical and charting tools for professional setups.

SimpleFX also comes with advanced community features such as easy sign in/up with Facebook, a shoutbox chat feature, and signal trading to mirror professional traders, which makes it easy for beginners to get started.

FAQs