SimpleFX is a CFD broker that offers a wide variety of trading instruments, including currency pairs, cryptocurrency pairs, indices, equities, and commodities. The broker also provides a range of deposit options, including five cryptocurrencies and fifteen fiat currencies, and no minimum deposit requirement. With leverage up to 1:500 and spreads starting from 0.1, SimpleFX offers flexibility and availability for traders who want to trade 24/7/365.

The broker also ensures the security of its clients through negative balance protection, secure deposit methods, and client segregated accounts. SimpleFX has a global trading community with fellow traders from over 130 countries, a live shoutbox for instant opinion sharing, and chart sharing directly into shoutbox and social media.

In addition to trading, SimpleFX has an advanced affiliate program that offers marketing tools, extensive statistics, and advanced analytics for expanding the affiliate network. The affiliate program offers up to 50% of the trading spread of referrals, and the benefits are scalable and lifelong.

SimpleFX Pros & Cons

Trading and Investment Tools

• One Click Trading: Yes
• Trade off Charts: Yes
• Email Alerts: Yes
• Mobile Alerts: Yes
• Stop Order: Yes
• Market Order: Yes
• Trailing Stop Order: Yes
• OCO Orders: Yes
• Limit Order: Yes
• 24hr Trading: Yes
• Charting Package: Yes
• Streaming News Feed: Yes
  
  

Fees & Commissions

SimpleFX operates on a no-commission fee structure, where the only fee charged to traders is the spread. The spread is the difference between the bid and ask prices, and it varies depending on the trading instrument and market conditions. SimpleFX offers competitive spreads, starting from 0.1 pips for major currency pairs. Additionally, the broker does not charge any fees for deposits or withdrawals. However, traders may incur fees from their payment providers, such as banks or e-wallets.

Regulation and Security 

SimpleFX is a brand of SimpleFX Ltd., which is registered in Saint Vincent and the Grenadines. The broker operates under the International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009.

As a broker registered in Saint Vincent and the Grenadines, SimpleFX does not fall under any major regulatory authority. However, the broker claims to ensure the safety of client funds by keeping them in segregated accounts with reputable banks and using SSL encryption to protect transactions and personal information. The broker also offers negative balance protection to its clients.

It is important to note that trading with an unregulated broker can pose some risks, as there is no overseeing authority to monitor the broker’s activities and ensure compliance with industry standards. Traders should always conduct thorough research before choosing a broker and consider the risks involved in trading with an unregulated entity.

Conclusion on SimpleFX

SimpleFX offers a unique and flexible trading experience for both new and experienced traders, with a wide range of instruments, low minimum deposit requirements, and advanced trading tools. The broker’s no-dealing desk model ensures fast and efficient order execution, while its negative balance protection and client segregated accounts provide added security for traders. However, it is important to note that SimpleFX is not regulated by any major financial authority, which may be a concern for some traders. Overall, SimpleFX is a good option for those looking for a user-friendly and innovative trading platform.