SimpleFX vs Global Prime
SimpleFX or Global Prime – which is better for UK traders 2026? Compare SimpleFX and Global Prime in this detailed breakdown of their platforms, features and fees.
| SimpleFX | Global Prime |
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| SimpleFX is ranked #53 among CFD brokers. | Global Prime is ranked #52 among CFD brokers. |
| SimpleFX is an online broker offering CFD and cryptocurrency trading. With multi-currency accounts, STP execution, competitive pricing, and no minimum deposit, the platform delivers an accessible trading experience. Since 2014, SimpleFX has been innovative and has earned acclaim at various industry events. Today, it serves over 200,000 active users in more than 190 countries, catering to retail traders worldwide. | Global Prime, a fully regulated trading broker, provides access to over 150 markets. Traders can begin with a minimum deposit of $200 and utilise leverage up to 1:100. Renowned for its reliability, the company holds a strong reputation and is licensed by ASIC. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| CFDs, Forex, Indices, Stocks, Commodities, Cryptos | Forex, indices, commodities, cryptocurrencies, shares, bonds |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | A$200 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSC | ASIC, VFSC, FSA |
| Mobile Apps | |
| iOS, Android + WebTrader | iOS & Android |
| Trading App | |
| SimpleFX offers its own app for Apple and Android devices with a user-friendly interface. It allows for easy trade management and access to over 220 tradable assets. Yet, sporadic unresponsiveness during testing and an average charting package may not suit very active traders. | |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | Yes |
| Robo Advisor | |
| Yes | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Yes |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Engage with and replicate the trades of seasoned investors using Global Prime's unique copy trading service. You can mirror over 40 diverse strategies on the widely-used Myfxbook Autotrade platform. | |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| 3% | |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| SimpleFX offers leveraged trading options up to 1:1000 across key assets like stocks, indices, currencies, and commodities. The platform's social community is a valuable resource for gaining insights into CFD strategies and short-term trading opportunities. | Global Prime provides trading options across over 150 international markets, covering forex, indices, commodities, cryptocurrencies, and bonds. The platform offers competitive spreads, with a raw ECN account starting at zero. |
| Leverage | |
| 1:1000 | 1:200 |
| FTSE Spread | |
| 1.3 | 0.84 |
| GBPUSD Spread< | |
| 1.2 | 0.64 |
| Oil Spread | |
| 0.04 | 1.6 |
| Stocks Spread | |
| Variable | Variable |
| Forex | |
| SimpleFX offers a wide range of approximately 60 currency pairs, including major pairs such as GBP/USD and exotic ones like CHF/PLN. Trading fees are competitive, with an average of 0.9 pips for EUR/USD in tests. Designed for online currency trading, MetaTrader 4 can be accessed on desktop, web, and mobile platforms. | Global Prime offers traders access to 48 forex pairs, including major, minor, and exotic pairs. Enjoy tight spreads starting at 0.9 with no commission or from 0 with a $7 round turn fee. Trading is facilitated through the top-tier MT4 platform, allowing for micro lot trading. The New York-based server ensures low latency, optimising your trading experience. |
| Assets | |
| 57 | 48 |
| GBPUSD Spread | |
| 1.2 | 0.75 |
| EURUSD Spread | |
| 0.9 | 0.16 |
| EURGBP Spread | |
| 1.0 | 0.85 |
| Cryptocurrency | |
| SimpleFX excels in its crypto trading environment, which now includes an expanding selection of tokens, such as Bitcoin, Ethereum, and Filecoin, paired with USD, enhanced further in 2024. The platform's crypto accounts facilitate seamless trading, catering to crypto enthusiasts. Moreover, its tailored staking service enables capital to be leveraged for margin trading. | Global Prime offers an extensive selection of 35 crypto CFDs, including well-known tokens such as Bitcoin and Ethereum, alongside less mainstream options like Sandbox and Avalanche. Commissions are competitive at 0.1%, with leverage options available in certain regions. |
| Spread | |
| 45.57 | Floating |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
| SimpleFX | Global Prime |
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