SimpleFX Review 2026

Item: SimpleFX
Rating: 3.33
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 04, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $1
Fees 5 /10
Account types 6 /10
Regulation 2.5 /10

3.3 /10

High risk

SimpleFX User Reviews 5.7
Commissions and Fees 5.0
Regulation and Safety 2.5
Account Types 6.0
Deposit and Withdrawal 5.5
Markets and Tradable Assets 4.8
Trading Account Opening 8.0
Trading platforms & tools 7.3
Mobile Apps 6.5
Customer Support 5.9

SimpleFX Pros & Cons

the ability to open an account in cryptocurrency;
the minimum deposit amount is $1;
its trading platform is the Metatrader 4.

the inability to withdraw funds to a bank card;
no multilingual technical support;
the broker doesn't have a financial regulator;
the broker provides only one account type.

TU Expert Verdict

SimpleFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

Top-5 Brokers Traders Prefer

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Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

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EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

SimpleFX User Reviews

Score:

5.7 /10

31 total

5-star

3%
4-star

26%
3-star

39%
2-star

16%
1-star

16%

One of the main drawbacks of SimpleFX is the lack of multilingual technical support. When questions or problems arise, finding a solution in another language can be time-consuming and inconvenient. Especially if you're a newcomer and sometimes need quick help, the language barrier can be a major obstacle. Despite this, SimpleFX is attractive with its minimum deposit amount, which is just $1. This is an excellent opportunity for novice traders and those who don't want to risk large sums at the outset. For beginners, this is one of the best options for trying out the platform without major investments.

L'un des principaux inconvénients de SimpleFX est l'absence de support technique multilingue. Lorsque des questions ou des problèmes surviennent, une solution dans une autre langue peut prendre beaucoup de temps, ce qui entraîne des désagréments. Surtout si vous êtes un nouveau venu et que vous avez parfois besoin d'une aide rapide, la barrière de la langue peut être un obstacle majeur.
Malgré cela, SimpleFX est attractif avec son montant de dépôt minimum, qui n'est que de 1 $. C'est une excellente opportunité pour les traders débutants et ceux qui ne veulent pas risquer de grosses sommes au départ. Pour les débutants, il s'agit de l'une des meilleures options pour essayer la plateforme sans investissements importants.

I really like SimpleFX, especially the ability to trade on the MetaTrader 4 platform, a classic and practical tool that many traders have known for a long time. The platform works stably, order execution is fast and the functionality allows you to use all the tools you need for analysis and trading. Everything is clearly configured and terminal operation is virtually trouble-free. However, there is one major drawback: the broker has no financial regulator. This is always a cause for concern, particularly when it comes to the security of funds and the long-term stability of the company's activities. In the absence of official control by regulatory bodies, the question arises as to how long this will last.

J'aime beaucoup SimpleFX, en particulier pour la possibilité de négocier sur la plateforme MetaTrader 4. Il s'agit d'un outil classique et pratique que de nombreux traders connaissent depuis longtemps. La plateforme fonctionne de manière stable, l'exécution des ordres est rapide et la fonctionnalité vous permet d'utiliser tous les outils nécessaires à l'analyse et au trading. Tout est clairement configuré et le fonctionnement du terminal ne pose pratiquement aucun problème.
Cependant, il y a un inconvénient important : le courtier n'a pas de régulateur financier. Cela suscite toujours certaines inquiétudes, notamment en ce qui concerne la sécurité des fonds et la stabilité à long terme des activités de l'entreprise. En l'absence de contrôle officiel de la part des organismes de régulation, la question se pose de savoir combien de temps tout cela va durer.

One of the main drawbacks of SimpleFX is the lack of multilingual support. When problems arise, getting help in another language can be frustratingly time-consuming. For beginners who sometimes need fast assistance, the language barrier can pose a major problem. Although the minimum deposit is only $1, which makes the platform attractive to beginners, these support issues make the whole platform less reliable.

L'un des principaux inconvénients de SimpleFX est l'absence de support multilingue. Lorsque des problèmes surviennent, obtenir de l'aide dans une autre langue peut prendre beaucoup de temps, ce qui est frustrant. Pour les débutants qui ont parfois besoin d'une assistance rapide, la barrière de la langue peut poser un problème majeur. Bien que le dépôt minimum soit seulement de 1 $, ce qui rend la plateforme attrayante pour les débutants, ces problèmes de support rendent l'ensemble de la plateforme moins fiable.

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Commissions and Fees

Score:

5 /10

The trading and non-trading commissions of SimpleFX have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

No inactivity fee
No deposit fee
No withdrawal fee

Above-average Forex trading fees
No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of SimpleFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, SimpleFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

SimpleFX Standard spreads
	SimpleFX	ZForex	OANDA
EUR/USD min, pips	0.9	0.1	0.1
EUR/USD max, pips	1.5	0.4	0.5
GPB/USD min, pips	0.9	0.2	0.1
GPB/USD max, pips	1.5	0.6	0.5

Does SimpleFX support RAW/ECN accounts?

As we discovered, SimpleFX does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with SimpleFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

SimpleFX Non-Trading Fees
	SimpleFX	ZForex	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0	0-15
Inactivity fee ($, per month)	0	0	0

Is SimpleFX Safe?

Score:

2.5 /10

SimpleFX has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Negative balance protection
Track record over 12 years

Not tier-1 regulated
Not regulated

SimpleFX Security Factors
Foundation date	2014
Negative balance protection	Yes
Verification (KYC)	Yes

SimpleFX is Not a Regulated Broker

Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.

Account Types

Score:

6 /10

SimpleFX offers the following account options: Demo, Standard.

SimpleFX covers the core account types, making it convenient for traders with different preferences and strategies.

Demo account
Standard account with balanced trading conditions
Low minimum deposit

No ECN/Raw spread account
No Cent account

SimpleFX account types vs top competitors
	SimpleFX	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

SimpleFX accounts trading conditions

The SimpleFX broker has only one account type – Standard.

Types of accounts:

Account Type	Description
Standard	The Standard account has a minimum deposit starting from $1. The minimum spread for currency pairs is 0.9 pips. The leverage is up to 1:500. The minimum lot is 0.01. Margin call/Stop out level is 20%/20%.

SimpleFX is a broker that focuses primarily on cryptocurrency traders.

Deposit and Withdrawal

Score:

5.5 /10

SimpleFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

SimpleFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

No deposit fee
USDT (Tether) supported
PayPal supported
BTC available as a base account currency

No bank card option
Only major base currencies available
Limited deposit and withdrawal flexibility, leading to higher costs

What are SimpleFX deposit and withdrawal options?

SimpleFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Wire, PayPal, Neteller, BTC, USDT, Ethereum.

SimpleFX Deposit and Withdrawal Methods vs Competitors
	SimpleFX	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	No	Yes	Yes
PayPal	Yes	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are SimpleFX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. SimpleFX supports the following base account currencies: USD, Bitcoin.

What are SimpleFX's minimum deposit and withdrawal amounts?

The minimum deposit on SimpleFX is $1, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact SimpleFX’s support team.

Markets and Tradable Assets

Score:

4.8 /10

SimpleFX offers a limited selection of trading assets compared to the market average. The platform supports 229 assets in total, including 50 Forex pairs.

Indices trading
Crypto trading
50 supported currency pairs

No ETFs
Bonds not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by SimpleFX with its competitors, making it easier for you to find the perfect fit.

	SimpleFX	ZForex	Plus500
Currency pairs	50	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	229	80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products SimpleFX offers for beginner traders and investors who prefer not to engage in active trading.

	SimpleFX	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

8 /10

We successfully registered an account with SimpleFX in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at SimpleFX is $1.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fully online account opening process
Low minimum deposit requirement

Registration process may take longer than expected
Account approval may require extra time depending on the documentation.

SimpleFX account opening
	SimpleFX	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$1	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is SimpleFX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

If you want to trade with SimpleFX and get compensation from the Traders Union using the rebate service, then:

Register on the Traders Union site and follow the affiliate link to the broker's website. Then click the Create Account button.
Then register. The registration of new clients is quite simple with this broker. To do so, just specify your email address and agree to the terms of the broker's services.
The following useful functions will be available for you in your personal account:
- Current quotes and charts on currency pairs.
- The ability to open trades directly from your personal account.

Also, other useful functions will be available in your personal account:

the balance under the affiliate program;
statistics (statement) of the trader's trades;
personal data changing;
technical support and assistance of a personal manager;

Trading platforms & tools

Score:

7.3 /10

SimpleFX received a score of 7.3/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

Proprietary platform with unique features
Trading bots (EAs) allowed
One-click trading
MetaTrader is available

No access to API
No TradingView integration
No access to cTrader and its advanced tools.

Supported trading platforms

SimpleFX supports the following trading platforms: MT4, Proprietary platform. This selection covers the basic needs of most retail traders. We also compared SimpleFX’s platform availability with that of top competitors to assess its relative market position.

	SimpleFX	ZForex	Plus500
MT4	Yes	No	No
MT5	No	Yes	No
cTrader	No	No	No
TradingView	No	No	Yes
Proprietary platform	Yes	No	Yes
NinjaTrader	No	No	No
WebTrader	No	No	Yes

Key SimpleFX’s trading platform features

We also evaluated whether SimpleFX offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	Yes
Trading bots (EAs)	Yes
One-click trading	Yes
Scalping	No
Supported indicators	76
Tradable assets	229

Additional trading tools

SimpleFX offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

SimpleFX trading tools vs competitors
	SimpleFX	ZForex	Plus500
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	No	No	No
API	No	No	No
Free VPS	Yes	Yes	No
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	No	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

6.5 /10

SimpleFX supports mobile trading, offering dedicated apps for both iOS and Android. SimpleFX received a score of 6.5/10 in this section, indicating a generally acceptable mobile trading experience.

Solid iOS user feedback, with a rating of 5/5
Indicators supported

Mobile 2FA not supported
Mobile alerts not supported

We compared SimpleFX with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	SimpleFX	Plus500	OANDA
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	50,000	10,000,000	1,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	5	4.7	4.8
Google Play score	3.9	4.4	3.4
Mob. 2FA	No	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	No	Yes	Yes

Customer Support

Score:

5.9 /10

Customer support at SimpleFX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. SimpleFX provides basic support functionality but does not stand out in overall service performance.

Information

The support service operates twenty-four/five.

Online chat is available
The FAQs section provides answers to the most common questions
Support via email is available

Doesn't work on weekends
No telephone support available
No feedback form available
On average, you have to wait for a response for about a week

There are several ways to contact customer support specialists:

via email;
via online chat;
using your personal account under the tab that reads the Support section.

Support is provided on the broker's SimpleFX website, as well as in your personal account – in the Support section.

Contacts
Foundation date	2014
Registration address	Griffith Corporate Centre, Beachmont, Kingstown VC0100, Saint Vincent and the Grenadines
Official site	simplefx.com

Best SimpleFX Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

SimpleFX Video Guides

FAQs

How high are trading costs and non-trading fees at SimpleFX?

SimpleFX has been rated as having medium overall fees, with a commissions and fees score of 5/10. Forex trading costs are described as above average, and the broker does not offer ECN/Raw spread accounts, but there are no inactivity, deposit, or withdrawal fees according to the review.

What account types does SimpleFX provide and what are their key trading parameters?

SimpleFX offers a Demo account and a single live Standard account, with no VIP, micro, cent, swap-free, or managed account options mentioned. The Standard account has a minimum deposit from $1, minimum spreads from 0.9 pips on currency pairs, leverage up to 1:500, a minimum lot size of 0.01, and margin call/stop-out levels of 20%/20%.

What do user reviews and feedback say about SimpleFX overall?

SimpleFX has a user satisfaction score of 5.7/10 based on 31 reviews, with a rating distribution that shows 3% 5-star, 26% 4-star, 39% 3-star, 16% 2-star, and 16% 1-star evaluations. According to user reviews, overall sentiment is mixed, reflecting a balance of positive, neutral, and negative experiences.

What reviews and ratings does the SimpleFX mobile app receive on iOS and Android?

SimpleFX supports mobile trading on both iOS and Android, with a mobile section score of 6.45/10 and indicator support but no mobile alerts or mobile 2FA. Based on available user reviews, the iOS app has a 5/5 rating and the Android app has a 3.9 rating on Google Play, with around 50,000 total downloads reported in the review.

How responsive is SimpleFX customer support according to user comments and testing?

Customer support at SimpleFX is described as available but with moderate response times, and some requests may require follow-ups. Support operates 24/5 via online chat, email, and the Support section in the personal account, but there is no weekend service, no telephone support, no feedback form, and the average response time is reported as about a week.