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SimpleFX Broker Review 2025

SimpleFX Broker Review 2025
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Your Capital is at risk.
Company:SimpleFX
Founded:-
Min Deposit:$1
Max Leverage:1000
Headquarter:

Saint Vincent and the Grenadines

US Accepted:
Demo account economic calendar crypto staking

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
8tech Ltd (trading name SimpleFX), is a Forex broker licensed and registered in the republic of Mauritius. This broker provides over 450 tradable instrument and with a 1:1000 maximum leverage.
Contact
Beachmont Business Centre, Suite 404, Kingstown VC0100, Saint Vincent and the Grenadines
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
No minimum deposit
High leverage options (up to 1:1000)
Wide range of tradable assets and instruments
Various payment methods including cryptocurrencies
Cons
Higher spreads compared to some competitors
Not regulated by major financial authorities
score of blog
5 From 5.0
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SimpleFX is a Forex and Cryptocurrency trading platform that has won 4 prestigious awards from Cryptocurrency World and Crypto Expo. This broker offers a Standard trading account with a minimum spread of 0.9 pips for over 60 Forex pairs.

SimpleFX supports over 37 deposit methods, including deposits made with its own cryptocurrency, “SFX.”

SimpleFX broker review
Complete SimpleFX broker review for Forex and cryptocurrency traders

SimpleFX Company Information and Regulatory Status

SimpleFX is a global trading provider that has been making waves in the financial markets since its inception. Founded in 2014, the company has quickly established itself as a go-to platform for traders seeking a seamless trading experience. Here's what you need to know about SimpleFX's company structure and regulatory status:

  • Headquarters: Saint Vincent and the Grenadines
  • Office: Registered in Republic of Mauritius
  • Founded: 2014
  • Founder: Richard Williams
  • Regulation Status: Not regulated by any major financial authority

SimpleFX has been operating for over a decade as a registered broker, though it does not currently hold licenses from tier-1 regulatory bodies such as the FCA, CySEC, or ASIC.

However, the broker emphasizes transparency in its operations and states that client funds are held in segregated accounts to reduce counterparty risk.

SimpleFX Broker Summary of Specifics

To give you a quick overview of what SimpleFX offers, here's a concise table summarizing the Forex broker's key features:

Broker

SimpleFX

Account Types

Standard, Demo

Regulating Authorities

No regulation

Based Currencies

$USD

Minimum Deposit

$0

Deposit Methods

Visa/MasterCard, Bank wired, crypto

Withdrawal Methods

Visa/MasterCard, Bank wired, crypto

Minimum Order

0.01 Lot

Maximum Leverage

1:1000

Investment Options

Staking

Trading Platforms & Apps

WebTrader, Desktop app, mobile app

Markets

Forex, indices, commodities, equities, cryptocurrencies, metals

Spread

Floating from 0.9 pips

Commission

No commission

Orders Execution

Market

Margin Call/Stop Out

20%/20%

Trading Features

Demo account, economic calendar, crypto staking

Affiliate Program

Yes

Bonus & Promotions

Deposit bonus, cashback bonus

Islamic Account

No

PAMM Account

No

Customer Support Ways

Email, live chat, phone

Customer Support Hours

24/5

Restricted Countries

Iran, Syria, North Korea, USA, Canada and more

SimpleFX Account Types Overview

SimpleFX simplifies its offering by providing a single live account type that gives traders access to the full suite of available assets and trading tools. Additionally, a risk-free demo account is available for beginners to practice strategies before transitioning to real capital.

SimpleFX Standard Account

  • Minimum deposit: $0
  • Maximum leverage: Up to 1:1000
  • Spreads: From 0.9 pips
  • Commission: No

SimpleFX Demo Account

  • 10,000 Virtual USD
  • All features of the standard account
  • Risk-free practice environment
  • Ideal for testing strategies and getting familiar with the platform

The SimpleFX demo account is an excellent tool for both beginners and experienced traders to test their trading skills and strategies without risking real capital. It's a perfect way to familiarize yourself with the platform's features and fine-tune your trading strategies before transitioning to live trading.

Advantages and Disadvantages SimpleFX Broker

To help you make an informed decision, let's weigh the pros and cons of trading with SimpleFX as a Forex broker:

Advantages

Disadvantages

No minimum deposit

Higher spreads compared to some competitors

High leverage options (up to 1:1000)

Not regulated by major financial authorities

Wide range of tradable assets and instruments

-

Various payment methods, including cryptocurrencies

-

Account Opening & Verification in the SimpleFX Broker

SimpleFX registration is free and requires only an email address and password, taking less than 4 minutes to complete. It's perfect for beginners looking for a fast entry into online trading.

#1 Access the SimpleFX Platform

Go to the official website and click the “Trade” tab to begin the onboarding process.

#2 Register Your Account

Select “Create Account”, input your email address, and set a secure password with mixed characters. Agree to the platform’s terms to proceed.

SimpleFX Registration
Enter your email address to register with SimpleFX

#3 Confirm Email Address

Check your inbox for the SimpleFX verification email. Click “Verify Now” to activate your account and access the live platform.

Once registered, users can explore the platform and proceed with full SimpleFX verification to access unrestricted features.

#4 SimpleFX Verification 

Head to the SimpleFX client portal and click on the "Start Verification". Choose your ID verification document and upload pictures of its front and back:

  • Passport
  • National ID
  • Driver’s license

Now you must pass the liveness check by capturing and uploading a selfie. Then provide proof of address verification documents, such as:

  • Utility bill
  • Bank statement

Answer the SimpleFX financial knowledge questionnaire.

SimpleFX Verification
Take a well-lit picture of your identity verification document and upload it to SimpleFX

SimpleFX Trading Platforms for Desktop and Mobile

SimpleFX offers a variety of trading platforms to suit different trader preferences:

WebTrader

SimpleFX offers a fully-featured web trading platform for desktop and mobile users. Key features of this trading platform: 

  • Browser-based platform
  • User-friendly interface
  • Economic Calendar
  • Advanced charting and analytics tools
  • Real-time market data
  • Compatible with all devices
SimpleFX web-based trading platform
SimpleFX offers a browser-based trading platform powerd by TradingView charts

SimpleFX Mobile App

For traders who prefer to trade on a dedicated mobile app, SimpleFX offer a trading platform designed for iOS and Android user. Main features of

  • Full trading functionality
  • Push notifications for market alerts
  • Biometric login for added security
  • Seamless sync with the web platform

Links:

SimpleFX Desktop app

SimpleFX also offers a Desktop app for having the best trading experience. Key features of SimpleFX Desktop app:

  • Low latency and fast order execution
  • High security
  • Supports a wide range of assets

Each platform is designed to provide a seamless trading experience, with real-time data synchronization across devices.

Spreads and Commissions in SimpleFX Broker

Although SimpleFX aims to keep trading costs competitive, its spreads are generally higher than other brokers. Minimum spreads start from 0.9 pips and could go as high as 1.5 pips on major Forex trading pairs:

Key points about SimpleFX's pricing:

  • No commission fee structure
  • No inactivity fee
  • No withdrawal fee

SimpleFX operates on a commission-free pricing model for most instruments, with trading costs embedded within variable spreads. These spreads fluctuate based on market liquidity and volatility.

Traders should consider the overall cost of trading, including potential slippage and swap fees, when evaluating the broker's cost-effectiveness.

SimpleFX Broker Deposit and Withdrawal Overview

SimpleFX provides a variety of options for funding your account and withdrawing your profits, including:

  • Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.)
  • Bank Transfer
  • FasaPay
  • Credit/Debit Cards (Visa, Mastercard)
  • USDT
SimpleFX deposit methods
SimpleFX offers 45 deposit methods, including bank transfer and bitcoin

Key points:

  • Minimum deposit is $0
  • No deposit fees charged by SimpleFX (third-party fees may apply)
  • Minimum withdrawal and fees vary depending on the method chosen

Cryptocurrency is one of SimpleFX deposit and withdrawal options. It's particularly noteworthy, offering fast and cost-effective options for payments.

Copy Trading and Investment Options Offered by SimpleFX Broker

SimpleFX does not offer a dedicated copy trading or social trading feature. This means that traders on the platform cannot automatically copy the trades of other successful investors.

However, SimpleFX does provide an Earn feature for staking cryptocurrencies and receiving rewards which we will review the in the following sections.

While the lack of copy trading might be a drawback for some, SimpleFX focuses on providing a robust platform for self-directed trading. Traders looking for copy trading features may need to consider other brokers that specialize in this area.

Tradable Markets and Assets in the SimpleFX Broker

SimpleFX gives traders access to over 450 tradable instruments across six asset classes, including:

  • Forex: Major, minor, and exotic currency pairs
  • Cryptocurrencies: Popular digital assets (e.g., BTC, ETH, LTC)
  • Indices: Equity indices (e.g., S&P 500, DAX 40)
  • Commodities: such as oil, and natural gas
  • Metals: Gold and silver
  • Equities: Global stock CFDs (including Tesla, Amazon, Apple)

This wide variety of instruments allows traders to buy and sell the asset that they can analyze best.

SimpleFX Broker Bonuses and Promotional plans

SimpleFX offers several attractive bonuses and promotions to incentivize new and existing traders:

$2500 deposit bonus:

  • Available for new and existing clients
  • Bonus amount depends on the deposit size (from $100 to $10,000)
SimpleFx deposit bonus
SimpleFX offer up to $2,500 for signing up and making your first deposit on its platform

Referral program:

  • Earn up to 50% revenue share from referred traders
  • Up to $800 per qualified client

Decade celebration trading contest:

  • Compete with other traders to have chance of receiving up to $100,000 prize
  • Trader ranks are based on ROIs
  • SFX coin weekly prizes for top 15 traders

SFX cashback:

  • Complete KYC, make a deposit and do daily activities on SimpleFX mobile app
  • Get rewarded with SFX coins and 3% cashback on your trader

While these bonuses can provide additional trading capital, it's important to approach them cautiously and not let them influence your trading decisions unduly.

The availability and conditions of these promotions may vary by region and time, often tied to specific events or campaigns.

SimpleFX Broker Support Methods

SimpleFX provides customer service through live chat and email, operating 24 hours a day, five days a week. An integrated help center addresses frequently asked questions and basic troubleshooting.

  • Live Chat: Available 24/5 on the website
  • Email Support: support@simplefx.com
  • FAQ Section: Comprehensive guide covering common questions

SimpleFX Broker Restricted Countries and Regions

SimpleFX maintains a list of restricted countries due to regulatory and legal considerations. The following countries are banned from using SimpleFX broker:

  • United States
  • Syria
  • Japan
  • Myanmar
  • Pakistan
  • Canada
  • Puerto Rico
  • Virgin Islands
SimpleFX restricted countries
SimpleFX doesn’t provide services to residents of the countries mentioned in the picture

Residents of these countries are not permitted to open trading accounts with SimpleFX. It's important to note that this list may change, and traders should always check the most up-to-date information on the SimpleFX website or contact customer support for clarification.

What is SimpleFX SFX Token?

SimpleFX introduced SFX, a native coin designed to enhance the trading experience on its platform. With SFX, users can access exclusive benefits like cashback rewards and reduced trading fees. The coin is seamlessly integrated into the platform, providing a streamlined way for traders to optimize their accounts.

Cointelegraph also featured SimpleFX in a blog post, highlighting the broker’s innovative approach and the role of SFX in transforming the trading landscape. The article praised SimpleFX’s efforts to integrate cryptocurrency solutions into traditional trading, offering a modern, user-focused experience.

SimpleFX SFX coin
SimpleFX broker has its own token called SFX, which is a utility token for SFX platform

SimpleFX Broker Trust Scores on Review Websites

There are mixed reviews on the SimpleFX Trustpilot profile. Here's a summary of the trust scores and reviews:

  • Overall Trustpilot Score: 3.6 out of 5
  • Number of Reviews: Over 50
SimpleFX Trustpilot score
SimpleFx has mixed reviews on the Trustpilot website

It's important to note that online reviews may not always represent the typical user experience. Potential traders should consider these reviews alongside their own research and risk tolerance.

SimpleFX Education Materials

SimpleFX offers several educational resources under its academy tab to help traders improve their skills and knowledge:

  • SimpleFX Education: Most Up-to-date news regarding currency pairs, stocks, crypto, and more
  • Trading Glossary: Comprehensive list of trading terms and Easy-to-understand capital markets definitions
  • SimpleFX Blog: Daily market analysis combined with trading tips and tricks

While SimpleFX's educational offerings are not as extensive as some larger brokers, they provide a solid foundation for beginners and some valuable insights for more experienced traders.

Check TradingFinder's Forex education and Crypto tutorials for additional resources.

SimpleFX vs Other Brokers

The table below compares SimpleFX features with some of the most popular Forex brokers.

Parameter

SimpleFX Broker

IC Markets Broker

LiteForex Broker

FXGlory Broker

Regulation

No regulation

FSA, CySEC, ASIC

CySEC

None

Minimum Spread

From 0.9 pips

0.0 Pips

0.0 Pips

0.1 Pips

Commission

$0

Average $1.5

From Zero

$0

Minimum Deposit

$0

$200

$50

$10

Maximum Leverage

1:1000

1:500

1:30

1:3000

Trading Platforms

WebTrader, Desktop app, mobile app

Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile

MetaTrader 4, MetaTrader 5, Mobile Proprietary App

MT4, MT5

Account Types

Standard, Demo

Standard, Raw Spread, Islamic

Classic, ECN, Demo

Standard, Premium, VIP, CIP

Islamic Account

No

Yes

No

Yes

Number of Tradable Assets

450+

2,250+

N/A

50+

Trade ExecutionMarket

Market

Market

Market, Instant

TF Expert Suggestion

SimpleFX’s no minimum deposit, high leverage (up to 1000), and cryptocurrency staking option make the broker’s services suitable for beginners and professionals.

However, traders need to consider higher-than-industry average spreads (starting from 0.9 pips) and the lack of regulation by a recognized financial authority, including the CFTC, FCA, SEC, or CySEC.

FAQs

Is SimpleFX regulated?

SimpleFX is not regulated by major financial authorities, which may be a concern for some traders prioritizing regulatory protection.

What is the minimum deposit for SimpleFX?

SimpleFX minimum deposit is $0.

Does SimpleFX offers bonuses?

Yes, Simple FX offer deposit, cashback, referral bonuses, and decade celebration contest.

What is SimpleFX, and when was it founded?

SimpleFX is a Forex and cryptocurrency broker founded in 2014 and headquartered in Saint Vincent and the Grenadines. It also maintains a registered office in Mauritius. With over a decade in the industry, it targets both retail and crypto-savvy traders with leverage up to 1:1000, multi-platform access, and a proprietary token system.

What trading platforms are available at SimpleFX?

SimpleFX offers Web Trader, a desktop app, and a mobile app for both Android and iOS. All versions integrate TradingView charting, real-time sync, economic calendars, and low-latency execution. There's also biometric login on mobile and push notification support.

What is the maximum leverage offered by SimpleFX?

SimpleFX offers leverage up to 1:1000, which is among the highest in the retail trading market. This applies primarily to Forex trades and allows traders with smaller capital to amplify their exposure—but it significantly increases risk as well.

What assets can I trade on SimpleFX?

You can trade 450+ instruments across Forex, cryptocurrencies, indices, commodities, metals, and equities. Examples include EUR/USD, Bitcoin, DAX 40, Gold, Tesla, and Apple stock CFDs—enabling broad portfolio diversification.

What type of trading account does SimpleFX offer?

SimpleFX simplifies its offering with a Standard account (for live trading) and a Demo account (for risk-free practice). The Standard account includes all features like high leverage, bonus eligibility, and full asset access without needing a minimum deposit.

Does SimpleFX charge trading commissions?

No, SimpleFX operates on a zero-commission model. Instead, it includes trading costs in its spreads, which start from 0.9 pips and may widen depending on market conditions. There are no inactivity or withdrawal fees from SimpleFX.

What payment methods does SimpleFX support for deposits and withdrawals?

SimpleFX supports over 45 payment methods, including credit/debit cards, bank wires, and crypto options like Bitcoin, Ethereum, and USDT. There's no deposit fee, and withdrawal conditions depend on the selected method.

How does the SimpleFX SFX coin work?

SFX is a native utility token integrated into the platform. Traders can earn cashback bonuses, participate in contests, and receive reduced fees through SFX. It's designed to gamify the trading experience and reward platform engagement.

Is copy trading or PAMM available on SimpleFX?

No, SimpleFX does not offer copy trading or PAMM features. The broker focuses on self-directed trading, and users looking for social or automated copy solutions will need to explore third-party platforms.

How do spreads at SimpleFX compare to other brokers?

SimpleFX spreads start from 0.9 pips, which is higher than industry leaders offering 0.0–0.3 pips with commission-based models. While it avoids commission charges, the overall cost per trade can be higher, particularly for scalpers.

Does SimpleFX provide a demo account?

Yes, The SimpleFX demo account comes preloaded with $10,000 virtual USD and mirrors all features of the live account. It's ideal for strategy testing, learning the interface, and training before switching to real funds.

What kind of customer support does SimpleFX offer?

Support is available 24/5 via live chat, email, and a detailed FAQ center. Phone support is listed but not emphasized. While response times are generally fast, some users report varied support quality on public review sites.

Is there an Islamic or swap-free account option at SimpleFX?

No, SimpleFX does not offer Islamic or swap-free accounts at this time, making it unsuitable for traders who need Sharia-compliant trading conditions.

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