Simple FX Broker Review

Author By Jeffrey Cammack
Updated: March 1, 2021
Overall Rating
2.72 2.72 / 5
🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD 0
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert0 of retail investor accounts lose money when trading CFDs with this provider
Last updated on 1 Mar 2021
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on Simple FX

🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD USD 0
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
000000/ 5
Trading Conditions
111003/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
10.50001.5/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
AUD, CAD, CHF, DKK, EUR, GBP, INR, JPY, MYR, NOK, PLN, RUB, SEK, SGD, USD, ZAR.
Number of FX Pairs
45
Crypto Pairs
6
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
0 pips
GBP/USD
0.10 pips
USD/JPY
0.90 pips
Negative Balance Protection

Company Details

Company Name
SimpleFX Ltd
Founded
2014
Website
Website Language
English
Support Language
English
Office Locations
Saint Vincent

Pros

  • Low minimum deposit
  • Fast and free withdrawals
  • Good range of accounts

Cons

  • Poorly regulated
  • MT4 only
  • Non-transparent spreads
  • Extreme leverage
Alert0 of retail investor accounts lose money when trading CFDs with this provider
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