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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: 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.
Author: Morris Date: 2016-10-13 07:35:21 (UTC+3)
I have a live account with Simplefx last week with My account no : 100919 . They sent me an email to take advantage of their $100 bonus for making a deposit of $100 or more. I deposited $100 to my account and received a 15% bonus. I went to the Hot Forex web site live chat to find out what the problem was. They first said that to file my complaint and after a long back and forth run around, I finally signed off. They first said that I was too late - I told them I just received the email and still had a day left. They then said that I had 1 hour left to open a new account and send in my $100. I told them that I had already sent in the $100 to my current account. They said I had to open a new account to get 100% bonus. This is a couple of lines from email I received from Hot Forex: The bonus is applicable on all new deposits of $100 or more and will only be available from today until the 13th of October. Please visit our website for more information on the benefits and conditions of this bonus program. If you would like to take advantage of our exciting new 100% Credit Bonus but do not have a Live Account yet, you can open one in just a few minutes by completing our secure and convenient online application form. It's a Terrible, extremely bad performance. Possible unethical behavior.
Author: fxjayeola Date: 2016-09-28 15:53:35 (UTC+3)
SimpleFX is definitely my favorite broker. I have been trading for 6 years now, I have had a horrified experience with some brokers in the past because of their bad services. But when I started trading with SimpleFX it has been good news to me, although their are hiccups which are common to all brokers, like requotes but this can happen during high volatile news session. I have been able to win most of my positions with the help of SimpleFX great platform. The only time I remember having a problem was when I tried to withdraw about $700 out of my money and I was not able to, which I contacted my account manager, it was fixed and I got my money the next day, I have read reviews about other brokers and I found out that it is a common problem among brokers, at leas SimpleFX gave me my money the next day, some brokers I have worked with in the past, will say there is nothing they can do, this shows that Simplefx is so reliable, I recommend them.
Author: Akingbade Date: 2016-09-19 15:19:06 (UTC+3)
Trading with this broker is the best, I joined Simplefx 5months ago, since then trading has been successful, order execution is fast, and anytime I place my stop loss and take profit, it has always been accurate result, I trade mostly on EUR/USD and I have most often won my trades even customer service are very responsive. Last week, when I contacted their customer service for a little issue of my deposit request, the customer representative apologized immediately for the inconvenience, 20minutes later my deposit request was granted and they sent me a message for the confirmation, I can boast of $3000 profits, thanks to Simplefx!
Author: Minmin Date: 2016-09-05 00:15:01 (UTC+3)
I've traded with this broker more than half year. Firstly i trade on demo account. After month i have deposited $400 and after week i double my money. Havent any issues with withdrawal system, although their support is too slow.

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