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Independent rating of Forex broker SimpleFx

5/10 (votes 100)

On-line since
2014
Country of origin
Saint Vincent and the Grenadines
Regulation
-
Payment options
wire transfer, credit and debit cards, NETELLER, Skrill, Bitcoin, WebMoney
Minimum account size
$1
Minimum lot size
0.01 lot
Leverage
1:500
Spreads
from 0.8 pips
SimpleFX was launched in 2014. The founders claim that the main distinguishing feature of the company is the opportunity to trade bitcoins, which is a modern digital currency.
The company offers its clients a large assortment of trading instruments. For example, traders can benefit from trading sixty currency pairs, indices, crude oil, precious metals, bitcoins, and litecoins, which is another modernistic cryptocurrency.
The broker provides its clients with the opportunity to use a handy and reliable MetaTrader 4 trading platform. Every trader who works with Simple FX is entitled to open five live trading accounts and the same amount of demonstration accounts.

Comments

Author: Sonia Date: 2021-11-08 02:19:49 (UTC+3)
They ignored my emails, and I loss all money over $445 This company is a bucket-shop, and I was scammed by them. The other things withdrawal transaction which slower than deposit transaction that will be transfer after 3-5 days. I have another broker which can give 1-2 days only to complete the transaction. I started trading with $500, and I was left with $55 in my account, without making a dime, the platform keeps freezing each time I want to close my winning trades, even the customer service were not helpful at all. Finally, I quit working with this broker, and I moved to another broker to trade. All in all, SimpleFx is a thief, and please stay away this broker.
Author: Emily Date: 2021-09-02 03:44:21 (UTC+3)
The representative of SimpleFX assured me that they have tight trading fees. But when I already made my trading activities, the spread never went below 5pips. This is regardless of the market condition. In fact, during high volatility, it even rises up to 15pips.
Author: Diseree Date: 2021-07-05 02:26:11 (UTC+3)
I always get disappointed with this broker because they don't guarantee filling with market orders. This broker, is just a disaster, the platform is difficult to navigate and pending orders are not always processed. I had experience with this company . they are the worst . before opening a live account they used to call me day and night to convince me and once I opened a real account , nobody called me or answered my calls. I won't trust JustForex anymore because I never get succeed in trading with them, I always get in trouble when I want to trade and my problems was always the same, crash from the connection.
Author: Kram Date: 2021-05-12 06:04:58 (UTC+3)
Trading with SimpleFX is supposed to be easy but their platform is too complex especially for a newbie like me. I try to understand it but it is really just too confusing. On top of that, it also malfunctions at times.
Author: Julia Morton Date: 2021-04-28 18:55:46 (UTC+3)
Trading on their app for 2 years and had no bad experiences. Good broker with many bonuses and cashbacks. Everything is readable and easy to handle even for newbie.
Author: Danwil Date: 2021-03-05 00:46:34 (UTC+3)
First of all, it was difficult to download its platform to trade as the download never completed at all. I thought that it was a problem with the server. Then, all my orders were closed without any notice and when I asked to support team, they cleaned their hands and I am still waiting for a reply. Their customer support does not answer to client’s request about order execution in time. All traders give negative comments to the broker because the broker has been doing a very fatal mistake. They took all the money traders and not to restore it.
Author: Sylvie Date: 2021-01-15 03:31:07 (UTC+3)
I am thankful that SimpleFX is really trying to make their services as easy to understand and possible and even opening an account with them was so fast. However, in their attempt to make is beginner-friendly, there are some tools that they are no longer able to deliver. Some of these are important to keep up with the advancement of the market. Because they don't have that, even the trading activities of their clients are being affected.
Author: Borsakolik Date: 2020-11-25 12:15:55 (UTC+3)
I am trading with SimpleFX and experience a stable MT4 platform, As it has live pricing and hassle-free fast execution, also it is builtin with advanced tools and so many features. I am preferring to do scalping trade with their fixed spread and till now I have been earned $445, while I have withdrawals this profit via bank transfer to my country and the money transferred within 4 days. However, I am satisfied with SimpleFX, who gives me a strong faith to deal in a risky market.
Author: Ilias Date: 2020-11-11 04:10:38 (UTC+3)
A month ago, I opened an account with Simple Fx. I traded currency pairs GPB/USD and EUR/USD. Made a first deposit of $500 and lost the first month $423. In my last trading I lost all my money because in EUR/USD pair the spread is 0.2 pip but I have found it 2.8 pips almost all the times. Also the platform didn't execute in the right position from my first trading until now. Therefore, I closed my account and now I look for another broker to trade.
Author: Chrysler Date: 2020-09-22 03:48:42 (UTC+3)
Don't be deceived by the low minimum deposit requirement of SimpleFX. This is only their way to attract clients but once you have made an account. There will be sudden restrictions which will only be lifted if you deposit more funds in your account. Basically, they will still ask you to deposit a huge amount of money and you will not have a good trading experience if you don't.

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