SimpleFX Review 2026
Established in 2014
•
Saint Vincent
• FSA Regulated
SimpleFX offers forex and CFD trading services with a 3.5/5 rating. Regulated by FSA, this broker offers spreads from 1.2 pips on EUR/USD with a minimum deposit of $0. Trade 200+ instruments including forex, CFDs, and more.
📊 SimpleFX Overview
SimpleFX (SimpleFX Ltd) is a well-established broker founded in 2014 headquartered in Kingstown, Saint Vincent. The broker operates under the supervision of FSA .
With access to 200+ tradable instruments including 60 forex pairs , 65 cryptocurrencies , 40 stocks , and various indices, SimpleFX caters to diverse trading strategies.
| Legal Name | SimpleFX Ltd |
|---|---|
| Founded | 2014 |
| Headquarters |
Kingstown, Saint Vincent
|
| Primary Regulation | FSA (Tier 3 - Basic) |
| Instruments | 200+ assets |
| Min Deposit | $0 |
| Max Leverage | 1:500 |
📖 SimpleFX — In-Depth Introduction
Operating since 2014, SimpleFX has developed a solid reputation over its 12-year history. While SimpleFX is regulated by FSA, this offshore jurisdiction offers more limited investor protections compared to tier-1 regulators like the FCA or ASIC. With a $100 minimum deposit requirement, SimpleFX removes barriers to entry for new traders.
Company Background
SimpleFX (legally SimpleFX Ltd) has been operating in the financial services industry for 12 years. Headquartered in Kingstown, Saint Vincent, the broker has established a solid track record through various market conditions.
The broker provides access to 200+ tradable instruments.
💸 SimpleFX Fees — Complete Cost Analysis
SimpleFX's spreads of 1.2 pips on EUR/USD fall within the industry average range. While not the cheapest option, these costs are acceptable for most trading styles. SimpleFX operates on a spread-only model with no commission charges on standard accounts. This simplifies cost calculation—what you see in the spread is what you pay. To put this in perspective: trading 10 lots per month on EUR/USD at SimpleFX's 1.2 pip spread would cost approximately $120 in spread fees alone. Compare this to an industry-average broker at 1.0 pips, where the same volume would cost $100.
Trading Costs Breakdown
💡 Cost Calculator: SimpleFX
Non-Trading Fees
| Fee Type | SimpleFX | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is SimpleFX Safe? — Complete Security Analysis
SimpleFX's 48/100 safety rating is below our recommended threshold. We advise thorough due diligence before committing significant funds. SimpleFX's offshore regulatory status means fund protections may not include investor compensation schemes available in major jurisdictions.
Regulatory Framework
Limited investor protection. Exercise caution and only invest what you can afford to lose.
Security Features Checklist
Understanding the Trust Score
Our 48/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use SimpleFX?
✅ Best For
- Beginners will appreciate SimpleFX's low $100 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on SimpleFX
SimpleFX is a decent option worth considering with a 3.5/5 rating.
📈 SimpleFX Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how SimpleFX performed in our rigorous testing:
SimpleFX is a decent choice but has areas that could be improved.
💰 SimpleFX Fees & Spreads
Understanding trading costs is crucial for profitability. SimpleFX uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.2 pips .
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.4 | 1.2 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | Not available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with SimpleFX:
- Spread Cost: 1.2 pips × $10/pip = $12.0
- Commission: $0
- Total Cost: $12.0 per lot
🛡️ SimpleFX Regulation & Safety
SimpleFX is regulated by FSA, a Tier 3 - Basic regulatory authority. While regulated, traders should be aware that offshore regulation may offer less protection than tier-1 jurisdictions.
📜 Regulatory Licenses
- FSA SVG 21158
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 48/100
Lower Trust: Exercise caution and verify all regulatory claims independently.
🖥️ SimpleFX Trading Platforms
SimpleFX offers 2 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
SimpleFX WebTrader
SimpleFX's custom-built trading platform designed specifically for their clients.
- ✓ Custom Features
- ✓ Integrated Tools
- ✓ Web-Based
- ✓ Mobile App
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader | SimpleFX WebTrader |
|---|---|---|---|---|
| Available | ✗ | ✗ | ✗ | ✓ |
| Copy Trading | ✗ | ✗ | ✗ | ✗ |
| Algo Trading | ✗ | ✗ | ✗ | ✗ |
| VPS Available | Not offered | |||
| API Access | Not available | |||
🌐 SimpleFX Tradable Instruments
SimpleFX offers access to 200+ tradable instruments across multiple asset classes. This includes 60 forex pairs , 65 cryptocurrencies , and 40 global stocks.
👤 SimpleFX Account Types
SimpleFX offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice.
Practice with virtual funds
Not available
Not available
Not available
Not available
💳 SimpleFX Deposits & Withdrawals
SimpleFX requires a minimum deposit of $0 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ SimpleFX Pros & Cons
✅ Pros
- Regulated by FSA with investor protection
- Free demo account available for practice
- Negative balance protection for retail traders
❌ Cons
- MetaTrader platforms not available
- Offshore regulation offers less protection than tier-1 jurisdictions
- No copy trading feature
- Limited educational resources for advanced traders
📚 SimpleFX Education & Research
SimpleFX's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 SimpleFX Customer Support
SimpleFX offers customer support to assist traders with their queries.
⭐ SimpleFX User Reviews
📝 User reviews will be displayed here. Share your experience with SimpleFX!
Write a Review🏆 SimpleFX — Our Verdict
SimpleFX is a decent broker with some limitations. With FSA regulation, 1.2 pips EUR/USD spreads, and a $0 minimum deposit, this broker is particularly accessible for beginners .
Best for: Beginners with limited capital
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ SimpleFX — Frequently Asked Questions
Is SimpleFX a safe and regulated broker?
Yes, SimpleFX is regulated by FSA, which is a Tier 3 - Basic regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at SimpleFX?
The minimum deposit at SimpleFX is $0. This means you can start with any amount. This is considered low and accessible for beginners.
What trading platforms does SimpleFX offer?
SimpleFX offers the following trading platforms:
- SimpleFX WebTrader — Custom-built trading solution
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are SimpleFX's spreads on EUR/USD?
SimpleFX offers EUR/USD spreads from 0.4 pips with an average of 1.2 pips. The broker uses Variable spreads.
How long do withdrawals take at SimpleFX?
Withdrawal processing times at SimpleFX depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does SimpleFX offer a demo account?
Yes, SimpleFX offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is SimpleFX's maximum leverage?
SimpleFX offers maximum leverage of 1:500. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:500 may be available
Higher leverage increases both potential profits and potential losses.
Can I use SimpleFX in ?
SimpleFX accepts traders from . The broker operates under FSA regulation. Always verify current availability and applicable regulations on the broker's website.
Does SimpleFX offer Islamic (swap-free) accounts?
SimpleFX does not currently advertise Islamic accounts. If you require swap-free trading, we recommend contacting them directly or considering an alternative broker.
What instruments can I trade with SimpleFX?
SimpleFX offers access to 200+ tradable instruments:
- 60 Forex currency pairs
- 65 Cryptocurrencies
- 40 Stock CFDs
- 12 Index CFDs
- 8 Commodities
