EXCHANGE FEES
Withdrawal Fee: 0.00% | Taker Fee: 0.00%  | Maker Fee: 0.00%


DEPOSIT METHODS
Wire Transfer: No | Credit Card: Yes


COMPANY INFO
US-Traders Allowed: No | Year Founded: 2014 | Crypto Markets: 100+

Simplefx logo

SimpleFX Review Summary

In our SimpleFX review, we found that it offers a user-friendly platform with a wide range of cryptocurrencies and forex trading options. The low minimum deposit requirement, generous leverage, and seamless mobile app experience make it an ideal choice for both beginners and experienced traders.

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Overall Rating: 
3.2/5 stars

Team

FeEs

SUPPORT

Security

Selection

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Key takeaways from this SimpleFX review:

  • Fast and secure trading
  • Wide range of cryptocurrencies
  • User-friendly interface

SimpleFX Pros & Cons

Pros

  • Wide range of supported cryptocurrencies for trading.
  • User-friendly interface and intuitive trading platform.
  • Offers leverage and margin trading options for advanced traders.

Cons

  • Limited payment options for deposit and withdrawal.
  • May lack some advanced trading features typically offered by other exchanges.
  • Customer support response time can be slow at times.

What is SimpleFX?

SimpleFX is a versatile cryptocurrency trading platform that offers an intuitive and user-friendly interface for both beginners and experienced traders. With a wide range of assets, including cryptocurrencies, forex, indices, and commodities, users can leverage their positions and benefit from low spreads, high leverage, and various trading tools.

Simplefx Homepage

SimpleFX Products & Features

With its user-friendly interface and powerful tools, it has become a popular choice among cryptocurrency traders.

One of the standout features of SimpleFX is its multi-platform support. Traders can access their accounts from any device, including desktops, laptops, tablets, and smartphones. This flexibility allows users to trade on the go and never miss out on any market opportunities.

Simplefx markets

Another key feature is the variety of cryptocurrencies available for trading. SimpleFX offers a comprehensive list of digital currencies, including Bitcoin, Ethereum, Ripple, and many others. This diverse selection enables traders to explore different markets and take advantage of various trading opportunities.

SimpleFX also stands out for its competitive spreads and low fees. Traders can enjoy tight spreads, enabling them to enter and exit trades at favorable prices. Additionally, the platform ensures transparent fee structures, allowing users to calculate their costs accurately.

Simplefx mobile app

Furthermore, SimpleFX provides advanced charting tools and indicators that help traders make informed decisions. These tools allow users to analyze market trends, track price movements, and identify potential entry and exit points.

Lastly, SimpleFX offers a demo account feature, which is particularly beneficial for beginners. It allows users to practice trading strategies without risking real money, providing a valuable learning experience.

SimpleFX Customer Support

SimpleFX offers customer support through email and a comprehensive FAQ section, ensuring that their customers are well-supported throughout their trading experience.

Is SimpleFX Available to US Investors?

SimpleFX is not available to US Investors and does not provide services to citizens and residents of the United States in any capacity.

SimpleFX Trading Fees

SimpleFX does not charge traditional, maker/taker trading fees, but rather operates as an STP forex broker.

For withdrawals, SimpleFX does not charge any fees themselves. However, as always, there are network fees involved when making a transaction.

SimpleFX Alternatives

If you are looking for alternatives to SimpleFX, here are some good crypto exchanges with decent trading volume.

  • BigONE is a digital asset trading platform, offering users access to a wide range of digital currencies and tokens. BigONE provides users with a secure, fast and easy-to-use platform to trade and store their digital assets.
  • Deepcoin is a secure, decentralized cryptocurrency that provides users with fast, low-cost transactions. It is powered by a unique consensus mechanism and is designed to be ASIC-resistant.
  • Tidex is a cryptocurrency trading platform offering over 200 tokens and coins, including Bitcoin, Ethereum, Litecoin, and Waves. It provides advanced trading tools, secure wallets, and 24/7 customer support. Tidex also offers a variety of trading options, such as spot, margin, and futures trading.

How to Sign Up on SimpleFX?

SimpleFX Review

Here’s how you can sign up on SimpleFX:

  1. Visit the SimpleFX website
  2. Open their menu on the left side of the page and click the “Create Account” button
  3. Enter your email address and create a password
  4. Click “Create Account”
  5. Check your email for a confirmation link
  6. Click the link to confirm your account
  7. Log in with your email and password
  8. Provide documents for KYC verification (if planning to use a fiat account)
  9. Start trading!

About the author 

Sam Rexford

Hey! I'm Sam Rexford, owner at ChillReptile.com. I'm a 9-5 escape artist, dad, and entrepreneur. I write about escaping legacy systems with online businesses, software, emerging technology, cryptocurrencies, investing, and a ton more. You can learn more about our mission here.

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