SimpleFX Review 2025: Fees, Trading, Staking & More

SimpleFX differentiates itself in the competitive trading landscape of 2024 with a distinctive combination of features tailored for both novice and seasoned traders. The platform offers a user-friendly interface alongside a diverse array of trading options and innovative products aimed at enhancing your overall trading experience.

In this SimpleFX Review by CoinReviews, we will delve into the platform’s essential features, including its trading tools, security protocols, and various benefits. By gaining a comprehensive understanding of what SimpleFX has to offer, you can make informed decisions and optimize your trading potential, whether your focus is on cryptocurrency, forex, or commodities.

SimpleFX key features

SimpleFX-review-key-features

What sets SimpleFX apart from many other crypto trading platforms, as highlighted in this SimpleFX Review, is that it operates as a CFD (Contract for Difference) platform. This means traders don’t directly handle cryptocurrencies or other assets but trade on price movements instead. Here are some standout features of the platform:

Multiple Asset Types: In addition to cryptocurrency pairs, SimpleFX provides access to forex, commodities, and stock trading, allowing users to trade with either cryptocurrencies or fiat currencies.
No Mandatory KYC for Crypto Trades: If you’re trading with cryptocurrencies, there’s no need to go through the KYC process. However, KYC is required if you want to deposit fiat currencies.
Low Fees: In this SimpleFX Review, CoinReviews points out that the platform does not impose fees for deposits, withdrawals, or trading commissions, enabling you to keep 100% of your profits.
MetaTrader 4 Platform: For professional traders seeking more advanced tools, SimpleFX offers the downloadable MetaTrader 4, a robust alternative to the browser version.
Referral Program: By inviting friends via a referral link, you can earn a percentage of their trading activity, based on how much they trade.
User-Friendly: The platform is designed with beginners in mind, offering a simple interface and a demo account to help new users get familiar with trading before they dive in.

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SimpleFX Review history and background

SimpleFX has been operating since 2014 and is based in St. Vincent and the Grenadines. Although team details are limited, the platform boasts over 200,000 users across 190 countries.

Notably, SimpleFX operates without regulation from financial authorities, allowing for flexible trading options and bypassing mandatory KYC procedures for cryptocurrency trades. However, trading with fiat currencies requires KYC verification through proof of identity and address. Creating a Bitcoin (BTC) trading account only needs a confirmed email address.

While accessible in 190 countries, SimpleFX is unavailable to users in the United States and regions like Algeria, Belgium, and North Korea. Unlike many platforms, it doesn’t impose tiered account statuses based on trading volume; your account stays active as long as you make at least one trade, allowing users to return without inactivity concerns.

The platform also features an affiliate program, offering earnings between 10% and 50% from referrals, plus 5% from their referrals. New customers can enjoy a welcome bonus of USD 20 to USD 2,500, though this bonus requires meeting specific trading volume before withdrawal.

In conclusion, this SimpleFX Review affirms the platform’s flexible trading options and affiliate opportunities, making it an appealing choice for both novice and experienced traders.

SimpleFX fees

Deposits on SimpleFX are entirely free, regardless of the method you select. Most cryptocurrencies have no minimum deposit requirements, while those that do typically feature very low thresholds. However, as noted in this SimpleFX Review, some currencies do impose maximum deposit limits, such as a cap of 0.015 BTC for Bitcoin.

Withdrawals also operate under similar conditions, with low or nonexistent fees. That said, there is always a minimum withdrawal amount and a network fee determined by the blockchain, rather than by the platform itself. Withdrawals must be made using the same payment method as the deposit, and if you’ve deposited through multiple methods, you can only withdraw funds via the method associated with your largest deposit. Additionally, inactive accounts incur a 3% fee, with a minimum charge of USD 25.

Trading on SimpleFX is commission-free, allowing you to retain 100% of your earnings from each trade. This policy applies equally to both demo and live trading accounts, with no differing conditions or fees. For more detailed information, SimpleFX provides a comprehensive list of all available trading pairs, including their trading hours, maximum leverage, spreads, and minimum/maximum contract sizes.

SimpleFX design and usability

The SimpleFX landing page offers a comprehensive overview instead of directing you straight to trading. Clicking “Start Now” leads you to the in-browser trading app, where you can sign up or log in. Account creation is simple: just provide an email and password, then confirm your email to proceed.

Once registered, you receive USD 4,000 in a demo account to explore the platform risk-free. You can fund your account with cryptocurrencies or open a fiat account, which requires KYC verification.

Funding with cryptocurrency is easy. Select your country to view available options, then choose your preferred deposit method for details on confirmation times and deposit limits.

Trading is just a few clicks away. Find your desired trading pair on the left side or use the search bar. Clicking a pair opens the chart, allows new orders, and provides asset information, including contract size and effective leverage.

The “New Order” feature lets you enter trade details and set parameters for Take Profit or Stop Loss. You can choose between market orders and pending orders. The Trade Calculator helps you assess potential profits or losses without committing funds.

For support, SimpleFX has a Help Center with FAQs covering account limits and troubleshooting. There are also video tutorials, step-by-step guides, and live chat support. The Community Forum allows users to seek advice and request features, though activity is currently limited.

SimpleFX-app

Mobile users can access SimpleFX via a dedicated app for iOS, Android, and Huawei devices or through the MetaTrader 4 desktop platform for an advanced trading experience. This SimpleFX Review points out how these features create a user-friendly environment, making it appealing for both new and experienced traders.

ETH2 staking

An important aspect of SimpleFX that distinguishes it from other CFD brokers is its support for ETH2 staking. This feature allows traders to earn rewards on their Ethereum holdings without the technical complexities of becoming a validator, which requires a substantial 32 ETH. With SimpleFX, you can stake any amount of ETH you have, making it accessible to a broader range of users.

ETH2-staking

There are no fees or minimum deposit requirements for staking, and the APR (Annual Percentage Rate) can reach as high as 8.55%. Interest is credited to your account daily, providing immediate benefits. Furthermore, the staked funds can still be used for trading on the platform, allowing you to earn interest while maintaining the flexibility to engage in other trading activities. This combination of accessibility and operational flexibility makes SimpleFX an attractive choice for traders looking to leverage their ETH holdings.

SimpleFX security

SimpleFX prioritizes security by employing SSL encryption and storing personal details on secure offline servers. However, the company does not specify whether user funds are kept in cold storage or whether they utilize multisig access for enhanced security. This lack of transparency regarding fund storage methods may be a concern for some users looking for additional assurance.

In terms of security measures that users can implement, SimpleFX allows the addition of two-factor authentication (2FA) to accounts. This feature adds an extra layer of protection against unauthorized access. Additionally, users must verify their withdrawal addresses via email before they can transfer funds out of the exchange. These steps help enhance account security, but there are limited options for users to further protect their funds while trading on SimpleFX.

As of now, this SimpleFX review notes that the platform has not yet been rated by experts in external reviews, which leaves some questions about its overall security standing. Without external validation, users may need to weigh their options carefully before engaging with the platform, especially when it comes to the safety of their assets.

SimpleFX leverage

At SimpleFX, traders engage in leveraged trading by using margin, which allows them to take positions significantly larger than their actual investment. This means that your trades are amplified, offering the potential for higher gains while also increasing risk. Trading on margin enables you to control a larger amount of an asset while only needing to deposit a fraction of its value.

For instance, if you’re required to hold a 1% margin, this translates to a leverage ratio of 100x your initial investment, magnifying any price movement in the asset. SimpleFX offers a maximum leverage of 500x, equating to a margin requirement of just 0.5%. However, the exact margin will vary based on several factors, including the asset type and trade size.

Warning: While the maximum leverage is 500x, it’s advisable to start with lower leverage to manage risk effectively. For context, here are some indicative margin levels and leverage ratios for various trading assets:

EURUSD: 1% | 100x
GBPUSD: 1% | 100x
DJI: 5% | 20x
Gold: 2% | 50x
BTCUSD: 100% | 1x
ETHUSD: 100% | 1x

While leverage on foreign exchange and commodities is reasonable, the lack of leverage for cryptocurrencies may disappoint some traders. If you’re looking for higher leverage in crypto trading, platforms like PrimeXBT and ByBit may be more suitable.

When trading with leverage, you face the risk of a “Margin Call,” which prompts you to add funds to maintain your positions. At SimpleFX, if your remaining margin falls below 50% of the initial required amount, you will receive a margin call. If it drops below 30%, you’ll be automatically stopped out of your positions. This is an important aspect of trading to understand, As observed in this SimpleFX Review, ensuring you can make informed decisions and effectively manage your risk.

Asset coverage

Another standout feature of SimpleFX is its impressive range of tradable markets, encompassing many popular assets.

Here’s a summary of the asset classes available on the platform:

Forex: All major and numerous minor FX pairs.
Indices: Access to global stock markets, including the Dow Jones, ASX, and FTSE.
Commodities: Trade in essential assets like oil and natural gas.
Metals: Invest in gold and silver, with options paired against EUR, USD, and AUD.
Equities: Buy and sell stocks from the UK, US, Turkey, and Sweden.
Cryptocurrencies: Trade various digital assets, including Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ethereum Classic, and XRP.

This selection provides traders with a diverse range of options, particularly for forex pairs, which are abundant.

Note: Be sure to check the minimum trade size requirements and market hours for specific assets before diving in.

That said, there is room for improvement in the metals and commodities categories, as well as in the cryptocurrency offerings. Including additional options, like Stellar (XLM) or EOS, could enhance the trading experience.

Trading platforms

SimpleFX-Trading-platforms

Let’s dive into one of the standout features of SimpleFX: its trading platforms. There are two options available: the user-friendly SimpleFX web trader and the more advanced MT4 platform. We’ll start with the highlight of the web platform.

SimpleFX web platform

The first thing you’ll notice about the SimpleFX web platform is its clean and intuitive design, aimed at creating a user-friendly experience. The layout is well-organized, with the market selection panel on the left, allowing you to choose from a wide array of available markets.

In the center, you’ll find your charts, which offer robust functionality similar to those on TradingView, making them ideal for technical analysts. The platform includes various studies and charting tools, such as trendlines, oscillators, and Fibonacci retracements. You can even save your charts for future analysis.

Top Tip: If you prefer a lighter interface, you can switch to the daylight theme for a bright white background.

You can also customize your view by splitting the screen into multiple charts to monitor several markets simultaneously.

To the right, the news and information panel provides the latest market updates directly from the SimpleFX blog. We particularly liked the trade ideas panel, showcasing insights from both the SimpleFX team and other traders.

Additionally, the platform features a “shoutbox,” a chat room where you can share and discuss trading ideas with fellow users.

At the bottom, you’ll find the order forms for placing and monitoring your trades on SimpleFX. These forms are designed for functionality and offer several options.

Order Forms

When placing orders on SimpleFX, you have various options, including:

Market Order: Executes immediately at the current market rate by selling at the bid price and buying at the ask price.
Pending Order: A limit order set at a specific price away from the market, with the option to determine how long it stays active.

It’s advisable to set stop-loss and take-profit orders to mitigate emotional trading decisions.

MT4 Platform

The second platform available is MT4, one of the most sophisticated trading applications developed by MetaQuotes. Renowned among global brokers, MT4 offers extensive charting capabilities and detailed order parameters, making it a preferred choice for serious traders using SimpleFX.

Becoming proficient in MT4 is beneficial, especially if you plan to switch brokers in the future, as many platforms use this software.

Another key feature of MT4 is the ability to code your own trading algorithms, known as “Expert Advisors” (EAs), using the MetaQuotes Language (MQL).

Top Tip: Consider renting a VPS to run your EAs, allowing for 24/7 trading without interruptions.

The MT4 platform is accessible across multiple devices and operating systems, including MacOS, Windows, and Linux, as well as mobile devices on iOS and Android.

From this SimpleFX Review, we can see how these platforms cater to both novice and experienced traders, ensuring a versatile trading experience. The seamless integration of features across both platforms enhances the overall trading experience for users, making this SimpleFX review a valuable resource for anyone considering this broker.

How to get started with SimpleFX?

Registration-SimpleFX

If you’ve decided to try out SimpleFX, creating an account is straightforward and can be completed in just a few steps.

Start by clicking the “Create Account” button, which will take you to a brief registration form. You’ll only need to provide your email address, where SimpleFX will send you a verification link.

SimpleFX Signup: After receiving the verification email, click on the link provided to set your password. Once your password is established, you’ll be prompted to deposit funds and start trading.

Verification: If you plan to deposit using cryptocurrencies, there’s no need for verification at SimpleFX. However, if you’re depositing fiat currency, you’ll need to complete the KYC (Know Your Customer) process to comply with AML (Anti-Money Laundering) regulations. To finish the verification, you must confirm your identity and residency. This process requires a government-issued ID and proof of your address.

ID Info Required: The time it takes to verify your account depends on the clarity of your documents and the current workload of the SimpleFX support team. They are generally responsive, but it’s wise to allow a day or two for verification to complete.

Demo Account: Before funding a live account, you might want to explore the SimpleFX demo account. This offers a risk-free way to test your trading strategies. Creating a demo account is quick and easy, and SimpleFX provides you with 0.4 BTC in demo Bitcoin to trade. The demo account simulates live trading conditions, so you can familiarize yourself with the platform.

Warning: Ensure you’re on the demo account, not the live account, before starting to trade.

You can refill your demo account as often as you like, and there’s no time limit on usage, allowing you to take your time and get comfortable with the platform.

This SimpleFX review underscores the user-friendly account setup and the valuable opportunity to practice trading strategies without financial risk.

SimpleFX Earn

SimpleFX-Earn

SimpleFX offers an innovative SimpleFX Earn product that enables users to stake specific cryptocurrencies and earn daily interest, making it an appealing option for enhancing crypto portfolios. The SimpleFX Earn product acts as a staking pool with several key features:

Margin trading accessibility: The “Stake & Trade” feature allows users to utilize staked funds for margin trading, providing flexibility in managing investments.
Fee-free rewards: SimpleFX charges no fees for maintaining its staking services, meaning all rewards from staking are yours to keep.
No minimum deposit: There are no minimum deposit requirements for the “Stake & Trade” feature, making it accessible to all users.
Automated subscriptions: All balances of stackable coins are automatically staked, maximizing capital efficiency without manual intervention.
Unrestricted withdrawals: Users can withdraw their available balance at any time, ensuring liquidity and flexibility.

Currently, the SimpleFX Earn program supports three cryptocurrencies: BNB Coin (3% APY), Ethereum (3.9%), and Tron (4%). With its user-friendly features, SimpleFX Earn is a great way to grow your cryptocurrency holdings through staking. This SimpleFX Review emphasizes how this product can enhance your overall trading experience and provide an additional avenue for earning passive income in the crypto space.

SimpleFX deposits and withdrawals

Depositing cryptocurrencies on SimpleFX is a straightforward process. In this SimpleFX Review, to begin, log into the web trader, click on the account type in the top right corner next to your account and notifications icons, and select your live trading account. Once you’ve switched, click on “Manage Accounts” and then select “Deposit.” Alternatively, you can click the “Deposit” button in the lower left corner. Choose the cryptocurrency you wish to deposit, create an account for it (including setting a secure password), and follow the steps to fund your account.

For fiat currency deposits, you’ll need to complete a KYC verification. This involves providing proof of identity, such as a personal ID with a selfie, and proof of address, like a utility bill that clearly shows your name and address. After verification, you can deposit fiat funds via e-wallets like Neteller and Skrill, but credit cards are not accepted. Most deposit methods, both crypto and fiat, process within about an hour, and there is no minimum deposit requirement.

Withdrawals must be made using the same payment method as your deposits. If you’ve used multiple methods, you’ll need to withdraw using the method associated with your largest deposit. Note that withdrawals take longer to process, typically around 24 hours, as the platform checks for any suspicious activity.

While most withdrawal methods are fee-free, there is a 1% fee for withdrawals via Fasapay. Other methods have minimum withdrawal amounts, but the platform does not charge fees on them.

SimpleFX API

Are there any developers in the audience? You’ll be pleased to know that SimpleFX offers API functionality, allowing you to code your own bots and algorithms, even if you’re not familiar with MQL. This is an essential feature highlighted in our SimpleFX Review.

simplefx-api

SimpleFX provides both REST and WebSocket APIs, and you can explore their features through the API documentation available on their GitHub.

To get started with the API, you’ll need to generate an API key from your dashboard. Click on “API,” then select “create key.”

When creating your key, you’ll need to specify the permissions you want to grant. SimpleFX offers various options for accessibility, which you can review in their documentation.

Additionally, you can whitelist a specific IP address, ensuring that the SimpleFX API only responds to queries from that address.

Finally, once your API key is created, you’ll need to confirm the setup by clicking on a verification link sent to your email.

SimpleFX education

SimpleFX-education

SimpleFX is dedicated to simplifying the trading experience. They not only focus on user-friendly platforms but also provide traders with essential training to navigate the tools effectively. This commitment is reflected in the SimpleFX educational resources available to users.

Step-by-Step Guide

When you start using the SimpleFX platform, you’ll find a handy guide that walks you through everything you need to know about the web trader. Simply access your account admin, click on “Tutorials,” and select “Step-by-Step.” This guide provides a live overview of the platform’s layout and how to manage your trades.

It consists of 11 concise steps that we highly recommend completing. However, if you feel confident after the first few steps, you have the option to skip ahead.

Video Tutorials & Blog

For those seeking more general resources, SimpleFX offers a collection of video tutorials covering fundamental aspects of the broker, its platform, and other features. We watched several of these videos, and they are well-produced, with clear narration and efficient presentation.

Additionally, seasoned traders will appreciate the comprehensive blog run by SimpleFX. This resource covers a variety of topics, including technical analysis, tutorials, news, and other updates, making it a valuable addition to any trader’s toolkit.

This SimpleFX Review indicates that the platform prioritizes education and support to empower traders at all experience levels.

SimpleFX referral

If you’re enjoying your time at SimpleFX, you can turn that experience into earnings by participating in their referral program.

To start, you’ll need to generate a referral link and share it with friends and family. When they sign up using your link, you can earn up to 25% of the commission generated from their trading activities.

Note: The affiliate commission is tiered based on the total revenue of your referrals. If their trading volume exceeds $15,000, you’ll qualify for the full 25% commission.

To obtain your referral link, simply navigate to your account admin and click on “Refer Friends.” This will direct you to the SimpleFX affiliate dashboard, powered by Unilink, one of the most advanced affiliate management platforms available.

In the dashboard, you can monitor important metrics such as total commissions, geographical data, your ranking, and more. You’ll also find marketing materials provided by SimpleFX to help you promote your referral link effectively. This SimpleFX Review highlights how easy it is to earn while sharing a platform you love!

Pros and cons of SimpleFX

When considering a trading platform, it’s essential to weigh the pros and cons to determine if it aligns with your trading needs. Here’s a look at the advantages and disadvantages of SimpleFX through this SimpleFX Review:

Pros:

User-Friendly Platform: Intuitive design that caters to both beginners and experienced traders.
Wide Range of Assets: Trade in Forex, cryptocurrencies, commodities, and indices.
No Minimum Deposit: Accessible for traders with varying capital levels.
High Leverage: Offers leverage up to 1:500, enabling traders to enhance potential returns.
24/7 Customer Support: Available via live chat and email for assistance at any time.

Cons:

Regulatory Status: Regulated by the IFSC, which may not be as stringent as European regulators.
Technical Glitches: Some users have reported occasional technical issues.

Is SimpleFX safe?

Traders typically place a high value on a broker’s security and reliability. In this SimpleFX Review, we’ll thoroughly examine the security measures that SimpleFX has put in place to protect its users. Registered in Saint Vincent and the Grenadines under number 22361 IBC, SimpleFX operates in compliance with local laws; however, it is important to note that it is not currently regulated by any major financial authority. According to their customer support team, achieving regulatory status is a key priority for the platform, but their focus on cryptocurrencies has delayed this process.

This review will provide a deeper insight into how SimpleFX addresses security issues, ensuring that traders can operate confidently. Similar to platforms like Binance and Kraken, SimpleFX exists in a landscape where cryptocurrency regulation is still evolving. Nevertheless, the platform has implemented several robust security protocols to protect user funds and create a secure trading environment.

For managing fiat currency, SimpleFX utilizes segregated accounts, which means that client funds are kept separate from the company’s operational finances. This practice helps protect user deposits in case of financial difficulties, ensuring that client funds remain secure. Additionally, SimpleFX adheres to strict solvency standards by maintaining a reserve buffer to mitigate the effects of sudden market fluctuations, promoting financial stability. Most users fund their accounts with cryptocurrency, and to enhance security, the platform employs a “majority cold wallet” system, which keeps the majority of funds offline, thereby minimizing the risk of hacks. By storing these assets in cold wallets, SimpleFX reduces the likelihood of cyberattacks.

To bolster account security, SimpleFX provides mobile two-factor authentication (2FA), adding an extra layer of protection. This feature requires users to confirm each login attempt through the Google Authenticator app, which generates a unique code, significantly decreasing the chances of unauthorized access.

All communications on the SimpleFX platform are secured with 256-bit encryption, which protects sensitive information from man-in-the-middle attacks. Users are advised to check for the browser padlock to ensure a secure connection and avoid phishing scams. While SimpleFX is not yet regulated, its robust security measures instill confidence regarding the safety of user funds and data.

SimpleFX Review- Frequently asked questions

Is SimpleFX regulated?

SimpleFX Ltd. is registered in Saint Vincent and the Grenadines with the registration number 22361 IBC. While it complies with local laws, it is not recognized as a regulated financial entity.

What countries is SimpleFX available in?

SimpleFX is available to all countries except for Iran, Mauritius, Myanmar, North Korea, Pakistan, Puerto Rico, Saint Vincent and the Grenadines, the United States, the United States Minor Outlying Islands, and the Virgin Islands (US).

What is the maximum leverage in SimpleFX?

Our trading platform provides various leveraged trading options, allowing up to 1:500 leverage for Forex, up to 1:1000 for cryptocurrencies, and up to 1:50 for stocks.

How do I delete my SimpleFX account?

You can cancel your agreement at any time by navigating to App → Profile → Delete Account. For details on what data will be permanently deleted and what we are required to retain by law and regulatory authorities, please refer to our Privacy Policy.

Is SimpleFX a viable option for traders in 2024?

Is SimpleFX a suitable choice for traders in 2024? Absolutely, particularly for those looking for an easy-to-use platform that offers a diverse array of trading options. Its user-friendly interface appeals to both beginners and seasoned traders alike. SimpleFX offers an intuitive platform that makes it easy for both novice and experienced traders to navigate, allowing them to focus on their trading strategies rather than getting lost in complex interfaces.

Traders can explore a diverse array of assets on SimpleFX, including Forex, cryptocurrencies, commodities, and indices. This broad selection makes it an ideal choice for those aiming to diversify their portfolios and capitalize on various market opportunities.. With competitive leverage options up to 1:500 for Forex and 1:1000 for cryptocurrencies, SimpleFX allows traders to maximize their potential returns, which can be particularly appealing in a fast-paced trading environment.

Security is crucial when evaluating SimpleFX. The broker uses segregated accounts to protect client funds and implements two-factor authentication (2FA) for enhanced account security. These measures help safeguard user assets in a market rife with cyber threats, instilling confidence in traders to focus on their strategies. Additionally, SimpleFX has established various educational resources, helping traders enhance their skills and confidence.

Traders should consider some limitations, such as SimpleFX’s regulatory status and geographical restrictions. While it isn’t regulated by a major authority, the broker follows strict internal protocols and prioritizes customer security. Overall, SimpleFX provides a compelling trading experience in 2024, featuring a user-friendly design, a diverse selection of assets, and strong security measures. For traders who value accessibility and a comprehensive trading environment, SimpleFX is certainly worth considering.

Conclusion

SimpleFX stands out as an appealing option for traders in 2024, providing a user-friendly interface, a diverse array of assets, and extensive educational resources. SimpleFX enhances the trading experience for all users by offering high leverage, a referral program, and responsive customer support. Additionally, it emphasizes security with measures such as two-factor authentication and segregated accounts, enabling users to trade with confidence.

However, prospective traders should weigh the absence of strict regulatory oversight against the benefits offered. While SimpleFX has implemented several security protocols to protect user funds and personal information, it’s essential for traders to conduct their own research before committing. For those looking to explore trading opportunities, SimpleFX stands as a viable option, making it worthwhile to visit CoinReviews for more insights and guidance on maximizing your trading potential, including insights from the SimpleFX Review.

SimpleFX Review In 2025: A Trader’s Guide To Maximizing Potential