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INFINOX vs SimpleFX

INFINOX or SimpleFX – which is better for UK traders 2024? Compare INFINOX and SimpleFX in this detailed breakdown of their platforms, features and fees.

INFINOX vs SimpleFX Comparison Table 2024
INFINOX	SimpleFX

3.4	4.2
INFINOX is ranked #76 among CFD brokers.	SimpleFX is ranked #60 among CFD brokers.
Review	Review
Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.	SimpleFX is an online broker specializing in CFD and cryptocurrency trading, with multi-currency accounts, STP execution, low pricing and no minimum deposit. Bringing innovation and gaining recognition at numerous industry events since 2014, SimpleFX now caters to retail traders from over 190 countries, boasting a client base exceeding 200,000 active users.
Pros
The advanced IX Exchange will serve active traders with sophsticated analysis tools A well-rounded broker with a choice of pricing models, platforms, apps and accounts The copy trading service and zero minimum deposit make Infinox suitable for beginners FCA is a tier-one regulator boosting the broker's trust and security score Multiple account currencies serving global traders No inactivity fee to deter casual traders Low starting deposit of just £1	SimpleFX’s proprietary WebTrader - powered by TradingView - delivers a stable trading environment with a user-friendly interface that’s accessible even to novice traders. With MT4 support, experienced traders can access sophisticated charting tools, advanced technical indicators, customizable algorithms, and expert advisors (EAs) for automated strategies. SimpleFX underwent a revamp in 2021, now sporting a slicker client area with faster load times and a social trading community where you can exchange ideas. With leverage up to 1:1000, traders have the potential to amplify their positions significantly, allowing for greater exposure to market movements and magnified returns (as well as losses). The range of cryptocurrencies available for trading is broad, encompassing well-known selections such as ADA, BTC, and ETH, as well as more specialized options like YFI, YFII, and ZEC.
Cons
Market research is less insightful and frequent than competitors No weekend customer support	SimpleFX operates with weak regulatory oversight, allowing it to offer high leverage, but meaning it faces less stringent supervision from authorities compared to brokers like IG which operate in tightly regulated jurisdictions. While the Bloomberg TV news feed and economic calendar are valuable resources, the lack of research tools like Autochartist and Trading Central is a serious disadvantage for traders wanting support in identifying opportunities. The educational tools are okay but not great. The ‘Opinion’ section needs updating more frequently while video tutorials covering market analysis and risk management would be valuable additions for beginners. The availability of only a few non-crypto funding methods is a downside for traders seeking more diverse and convenient options for managing their accounts.
Awards
Best Forex Broker For Long Term Trading 2022 Best Forex Copy Trading Platform Africa 2021 Best Trading Account Margin Rates 2020	Best Support 2023, Crypto Expo Europe The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw Best Mobile App 2020 - Rankia Awards The Best Trading Platform, Finance World Expo 2019 - Zug Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, Indices, Shares, Commodities, Futures	CFDs, Forex, Indices, Stocks, Commodities, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
£1	$0
Payment Methods
AstroPay Credit Cards Debit Card Finrax Maestro Mastercard Neteller Perfect Money Skrill STICPAY Visa Wire Transfer	Credit Cards FasaPay Neteller Skrill Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, SCB, FSCA	FSC
Mobile Apps
iOS & Android	iOS, Android + WebTrader
Trading App
	SimpleFX provides a proprietary app for both Apple and Android mobile devices. The application boasts a user-friendly design, facilitating easy opening and closing of trades with access to the broker’s 220+ tradable assets. However, occasional unresponsiveness during testing, alongside an average charting package, means it won’t meet the needs of highly active traders.
iOS App Rating
	4.4
Android App Rating
	3.8
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	Yes
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
With IX Social (Infinox social trading), you can automatically replicate the trades of the best investors. On the negative side, the usability and choice of master traders lags behind competitors like eToro.
Social Trading
Yes	Yes
Trade Signals
MQL4 & MQL5	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	3%
Islamic Account
No	No
Account Currencies
USD EUR GBP AUD JPY	USD EUR GBP
Commodities
Gold Silver Oil Copper Natural Gas Cotton Cocoa Soybeans Sugar Wheat Coffee	Copper Palladium Platinum Gold Silver Oil Cocoa Coffee Cotton Corn Natural Gas Soybeans Sugar Wheat
CFD
Trade CFDs on forex, stocks, commodities and indices with tight spreads and leverage limited to the FCA-sanctioned maximum of 1:30. Infinox traders benefit from lightning-fast execution speeds and a choice between STP and ECN pricing, making this a flexible option for beginner and serious traders.	SimpleFX stands out with highly leveraged trading options up to 1:1000 covering popular asset classes, including stocks, indices, currencies and commodities. Additionally, the social community serves as an excellent resource for gathering CFD strategy tips and short-term trading ideas.
Leverage
1:30 (UK), 1:200 (Global)	1:1000
FTSE Spread
0.9	1.3
GBPUSD Spread<
0.4	1.2
Oil Spread
0.06	0.04
Stocks Spread
0.02 USD	Variable
Forex
Trade 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies.	SimpleFX provides a comprehensive selection of around 60 currency pairs, from majors like GBP/USD to exotics like CHF/PLN. Forex trading fees are competitive, averaging 0.9 pips on EUR/USD during testing, while MetaTrader 4, available on desktop, web and mobile, was built specifically for trading currencies online.
Assets
45+	57
GBPUSD Spread
0.4	1.2
EURUSD Spread
0.3	0.9
EURGBP Spread
0.3	1.0
Currency Indices
USD
Cryptocurrency
	SimpleFX’s strongest offering is its crypto trading environment, with a growing range of tokens, including Bitcoin and Ethereum paired with the USD. Its crypto-based accounts also ensure a smooth trading experience for crypto enthusiasts, while the bespoke staking service allows capital to be utilized for margin trading.
Spread
	45.57
Coins
	ADA APE ARB AVA BCH BNB DASH DOT EOS ETC ETH FET FIL INJ LNK LTC MATIC NEO SOL TIA WAVE XTZ YFI ZEC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

INFINOX	SimpleFX
Review	Review
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