SimpleFX Review: Regulation, Spreads & Leverage
STP broker based in SVG with MetaTrader 4, a $1 minimum deposit and leverage up to 1:500.
- STP
- 1:500 Leverage
Your money is at risk
In this SimpleFX review
SimpleFX overview: what kind of broker is it?
SimpleFX is an STP forex and CFD broker based in SVG, founded in 2017. no.
Traders get MetaTrader 4, spreads from 0.1 pips, leverage up to 1:500 and a low $1 minimum deposit.
SimpleFX broker specifications
Company and regulation
| Broker | SimpleFX |
|---|---|
| Regulated by | no |
| Type of broker | STP |
| Country | SVG |
| Foundation year | 2017 |
| Website | Visit SimpleFX website |
| Website languages | English, Japanese, Polish, Portuguese, Spanish |
Trading conditions
| Minimum deposit | $1 |
|---|---|
| Maximum leverage | 1:500 |
| Minimum spreads | 0.1 pips |
| Base currencies | EUR, GBP, USD amd More |
| Tradable instruments | — |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | No |
Bonus and promotions
| Current promotion | No |
|---|---|
| Welcome bonus | No |
| Standard no deposit bonus | No |
Contact details
| Telephone | — |
|---|---|
| support@simplefx.com | |
| Fax | Not available |
| Head office | Suite 305Griffith Corporate Centre BeachmontKingstown , VC0100Saint Vincent and the Grenadines |
SimpleFX pros and cons
Pros
- Regulated: no
- Low $1 minimum deposit
- Spreads from 0.1 pips, STP execution
- MetaTrader 4 on every device
- Islamic, mini, VIP and managed accounts
- 9 deposit and withdrawal methods incl. crypto
Cons
- No MetaTrader 4 or cTrader
SimpleFX account types
SimpleFX offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $1 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | No |
SimpleFX trading platforms
SimpleFX runs on MetaTrader 4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
SimpleFX deposit and withdrawal methods
The same 9 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
E-wallets
Crypto
Is SimpleFX safe and legit?
SimpleFX is a regulated broker. no.
Our verdict on safety
SimpleFX is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
Who should choose SimpleFX?
Good fit for
- Traders who want MT4 and raw spreads
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
- You prefer MT4 or cTrader
SimpleFX FAQ
Is SimpleFX regulated?
Yes. no.
What is the SimpleFX minimum deposit?
The minimum deposit to open a live SimpleFX account is $1.
What is the maximum leverage at SimpleFX?
Leverage goes up to 1:500. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does SimpleFX use?
SimpleFX uses MetaTrader 4, SimpleFX WebTrader.
Does SimpleFX offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.
How can I deposit and withdraw at SimpleFX?
You can use Bank Transfer, Bitcoin, BitcoinCash, Dash, Ethereum, Litecoin, Fasapay, Neteller and Skrill.