Simple FX Broker Review

Author Author:  Jeffrey Cammack Published: May 27, 2020
Editor Editor:  Chris Cammack Updated: May 9, 2023

Last Updated On May 9, 2023

Jeffrey Cammack
Broker Score
2.72 2.72 / 5
🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD 0
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.

Last Updated On May 9, 2023

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on Simple FX

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

Overall Summary

Trust Rating
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

Others Also Visit

Scroll for more detailsPreviousNext
Visit
FP Markets
4.40 /5
Read Review
Visit
Pepperstone
4.61 /5
Read Review
Visit
XM
4.45 /5
Read Review
Visit
AvaTrade
4.59 /5
Read Review
Visit
IG
4.69 /5
Read Review
Visit
AlertMost retail CFD accounts lose money. Your capital is at risk.
Find An Approved Broker
Broker Score
2.72 2.72  / 5
Site Icon Data provided by FxScouts

Simple FX Financial Regulation

Regulator License
Regulator License

Simple FX Trading Cost Comparison

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Close
>