SimpleFX Is A CFD Broker That Offers Competitive Fees And Leveraged Trading With No Minimum Deposit. SimpleFX Ltd, Based In Offshore St. Vincent And The Grenadines, Has Been Operating Since 2014 And Offers A Wide Range Of CFDs And Cryptocurrencies Through A Single Account.

As For Regulation, It Has Been Verified That SimpleFX Currently Has No Regulations In Force.

Market Tools

SimpleFX Offers A Wide Range Of Tradable Instruments Across Multiple Markets. There Are 60 Currency Pairs, Several Major Indices Including Ftse100, As Well As Dozens Of Stocks. You Can Also Trade A Small Number Of Hard And Soft Commodities, Including Oil And Precious Metals, As Well As Some Well-known Cryptocurrencies Such As Btc And Xr.

Account Types

In Addition To Demo Accounts, SimpleFX Offers A Single Real Account With Access To All Tradable Financial Instruments On Either Platform. There Is No Minimum Deposit Requirement And Accounts Can Be Opened In Multiple Currencies. The Minimum Contract Size For Forex, Commodities And Cryptocurrencies Is 0.01 Lots. Margin Calls Are 50% And Stop Loss Levels Are 30%.

Please Note That Customers Can Create Up To 3 Accounts For Each Of The Available Account Currencies.

Leverage

SimpleFX Has A Product Leverage Of Up To 1:1000. It Is Important To Remember That The Greater The Leverage, The Greater The Risk Of Losing Your Deposit. The Use Of Leverage Can Be Used Both To Your Advantage And Against You.

Spreads & Commissions

Trading With SimpleFX Is Commission-free. Spreads On Major Indices Such As The FTSE 100 Are Around 1.3 Pips. For EUR/USD, Spreads Average Around 0.9 Pips, While For Gold, They Are Around 0.17 Pips. These Trading Fees Are Quite Competitive When Compared To Similar Brokerages.

Trading Platform

The Platform That Can Be Used For Trading SimpleFX Is Sfx Webtrader And Metatrader4. Mt4 Has Received Unanimous Praise From Traders And Brokers For Its Ease Of Use And Powerful Features, Offering Top-notch Charts And Flexible Customization Options. It Is Particularly Popular For Its Automated Trading Robots (aka Expert Advisors).

Deposits And Withdrawals

SimpleFX Says It Will Offer Electronic Payment Systems Like Telegraphic Transfer, Neteller And Skrill, Bank Cards And Cryptocurrencies Like Bitcoin And Dash.

If You Don't Already Have A Cryptocurrency, You'll Need To Use An Exchange To Buy Some. In Most Cases, There Is No Minimum Or Maximum Deposit Limit And No Fees Are Charged.

Withdrawals Need To Be Made Through The Same Method Originally Used To Deposit Funds. Telegraphic Transfer Withdrawals Can Take 3-5 Business Days. Withdrawals Via Electronic Payment Systems, Bank Cards And Cryptocurrencies Will Be Processed Within 24 Hours. Please Note That Withdrawal Requests Made Over The Weekend Will Be Processed On Monday.

Fee

If The Account Is Inactive, There Will Be An Additional 3% Fee (minimum $25)

Customer Support

SimpleFX's Customer Support Can Be Contacted Via Email: Support@simplefx.com, Partnership@simplefx.com Or Live Chat.

You Can Also Follow The Broker On Social Networks Such As Telegram, Twitter, Facebook, Instagram, YouTube, TikTok And LinkedIn.

Company Address: Suite 305, Griffith Corporate Center Beachmont, Kingstown VC0100, St. Vincent And The Grenadines.

Advantages Disadvantages

Advantages

• Broad Range Of Tradable Assets
• Demo Account Available
• No Minimum Deposit
• Support MT4

Disadvantages

• No Regulation
• Area Restrictions
• Charge Inactivity Fee