SimpleFX Review 2021

SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.

SimpleFX is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies. SimpleFX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, SimpleFX has Demo Accounts, Social Trading, Signals and Auto Trading but is missing Islamic Accounts.

Cryptocurrency traders have a very decent number of coins to trade at SimpleFX, 7 in fact: BTC, BHC, LTC, ETH, ETC, XRP and LNK.

Please note that SimpleFX is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

SimpleFX Summary

SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.

Ratings

20%
Trust
66%
Instruments
71%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Min. Deposit$0
Min. Trade0.01 lots
Regulated By
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Leveraged CFD products are available in multiple financial markets.

Leverage1:500
FTSE Spread1.3
GBPUSD Spread1.2
Oil Spread0.03
Stocks SpreadVariable

Forex Trading

Trade currency pairs with tight spreads and 1:500 leverage.

GBPUSD Spread1.2
EURUSD Spread0.9
EURGBP Spread0.9
Assets60

Cryptocurrency Trading

Trade crypto and US Dollar CFDs.

SpreadFrom 0.0001
CoinsBTC, BHC, LTC, ETH, ETC, XRP, LNK

Payment Methods

SimpleFX accepts the following payment methods:

  • Neteller
  • Skrill
  • FasaPay
  • Bitcoin Payments
Risk Warning – Your capital is at risk

FAQ

Is SimpleFX Safe?

In our review we gave SimpleFX a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that SimpleFX is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does SimpleFX Accept PayPal?

No, SimpleFX does not accept PayPal payments.

Is SimpleFX Halal?

Probably not, as SimpleFX does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

What trading platforms does SimpleFX support?

SimpleFX only supports the MetaTrader 4 trading platform at this time.

Is SimpleFX Regulated?

No, unfortunately SimpleFX is not regulated to our knowledge. Careful traders might want to check out our list of FCA regulated brokers for options.

SimpleFX vs Other Brokers

If you want to compare SimpleFX with other brokers, use the detailed comparisons below.

SimpleFX vs
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.