SimpleFX Review

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Company Overview

SimpleFX is an online brokerage firm that allows its clientele to trade with foreign exchange Contract for Differences (forex CFDs) on Bitcoins, Litecoins, indices, precious metals, and energy. Keeping true to its company motto of “keep it simple”, SimpleFX provides simple and transparent trading conditions. Clients can create up to 10 live and demo accounts. As it doesn’t require a single penny as an initial deposit, SimpleFX encourages traders to create accounts with low deposits and hone their market strategy before trading with large sums.

Trading Platform

SimpleFX offers its clients the MetaTrader 4 trading platform, which is very popular among online traders. It offers traders an in-depth analysis of the market using charts and data and permits them to make transactions in real time. It even enables traders to automate their trading by mirroring the strategies used by professional traders.

Another benefit of using MetaTrader 4 is that it provides users with expert advisors who are always a click away. They offer valuable advice to beginners, which assists them in developing a better understanding of the online trading business.

MetaTrader 4 is also the preferred choice of online traders because it offers mobile apps, which allow users to make transactions on the go. The MetaTrader 4 app is available on iOS, Windows Phone, and Android devices. These applications allow traders to assess the market and adjust and adapt accordingly without being bound to their computer screen.

SimpleFX also offers live accounts for bitcoin traders. These accounts have no minimum deposit requirement, which sets them apart from their competitors. The SimpleFX accounts offer a maximum leverage of up to 1:500 at a minimum lot size of 0.01. The currencies available for these accounts are the Canadian dollar, euro, Great Britain pound, Swiss franc, and American dollar. More than 60 currency pairs are on offer at a margin call level of 100% and a stop-out level of 30%.

Features

  • 15 base account currencies
  • Up to 1:500 leverage
  • 60 currency pairs
  • Anonymous Bitcoin account
  • No dealing desk
  • No requotes
  • Negative balance protection
  • Ultra-fast execution spreads from 0.1 pips
  • Client fund security ensured by segregated accounts
  • No rejections
  • ‘Shoutbox’ to discuss with other traders
  • No registration required

Customer Support

SimpleFX lays a strong emphasis on customer support, which is why its website is available in 11 languages, namely English, Arabic, German, Spanish, French, Indonesian, Japanese, Chinese, Portuguese, Polish and Russian. It also offers a live chat box called the ‘shoutbox’, which allows users to communicate with real professional brokers and make educated decisions so as to ensure maximum profit. Moreover, clients can also register their complaints via mail, email and phone.

Conclusion

SimpleFX is an online brokerage firm that allows users to trade forex. Even though its customer support system is highly criticized, it has a very successful track record and its commitment to making sure that forex trading is simple makes trading with SimpleFX a truly memorable experience.

Office website: https://simplefx.com/

2 COMMENTS

  1. Non regulated broker. This means they change their sources without warning the client.
    In my case the market was going up but down on simpleFX. This is due to the fact that hey are using triangulation instead of having a direct access to the market leading to random prices !
    Their UI is also very buggy.
    I do not recommend at all !

  2. Simplefx is scam. i withdraw 0.45 btc yesterday. Simplefx canceled.(we have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.)

    This my last money, if not withdraw today i will kill myself!

    simplefx account number 114075

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