Simple FX

Simple FX broker, which appeared on the Forex market relatively recently, does not yet occupy a leading position. The company actively works with clients from Asia and Oceania, offering an interface and support in Russian, which is convenient for Russian-speaking users. A distinctive feature of Simple FX is the ability to open a trading account in cryptocurrency, which expands the options for traders.

The key advantages of the broker are a wide range of trading instruments and the provision of the popular MetaTrader 4 platform, as well as the SFX platform developed by the company and available for WEB, iOS and Android devices. However, the company does not offer bonus programs and PAMM investing, which can be considered as a disadvantage. It is also worth noting that withdrawal of funds to a bank card is not supported, and the broker’s activity is not regulated by the financial supervisor.

The company’s website may not seem too convenient to use, as all support is provided only in English. The site lacks analytical materials, market news and educational courses, limiting itself to the Frequently Asked Questions section, which provides basic information about forex trading.

The rebate service offered by MOFT allows traders to significantly reduce their trading costs. To use this service, you need to register on the MOFT platform for free. After registration, you need to open an account with a broker and start trading through SimpleFX, which will give you the opportunity to receive a refund of part of the spread. It is important to note that such a refund is made regardless of the results of trading – in loss or profit.

Compensation information: Traders receive compensation in the amount of 30% of the spread for each lot. Traders are paid 80% of this amount.

Calculation example: If you trade EUR/USD and open one trade of 1 lot per day, where the cost of a pip is 10 US dollars and the spread is 1.5 pips, then the daily cost of the spread, working directly with SimpleFX, will be equal to 15 dollars. With the MOFT rebate service, which returns 30% of the spread, and paying 80% of this return to the trader, the compensation will be 3.6 dollars per lot.

Try this service – it can be a useful tool to reduce your trading costs!

Brokerage company Simple FX (SimpleFX) provides trading conditions that can be assessed as standard. The company offers the only type of trading account – Standard, with a minimum deposit of only 1 US dollar. Special attention should be paid to the possibility of choosing cryptocurrency (such as bitcoin, lightcoin, ether and others) as the account currency, which sets Simple FX apart from other brokers. Spreads vary depending on the trading instruments selected. The broker offers a maximum leverage of up to 1:500 and a minimum trading lot size of 0.01. As for currency pairs, the minimum spread starts from 0.9 pips.

• Trading platform

  MetaTrader 4, as well as our own SFX platform for WEB, iOS and Android

• Accounts

  Standard

• Account currency

  USD, cryptocurrencies

• Deposit/withdrawal

  Skrill, Neteller, FasaPay, BitcoinCash, Ethereum, Litecoin, Dash, Monero, Tether

• Minimum deposit

  1 USD

• Leverage

  Up to 1:500

• PAMM accounts

  no

• Minimum orde

  0.01 lots

• Spread

  From 0.9 points

• Instruments

  Currencies, stocks, indices, commodities, cryptocurrency

• Margin call / Stop out

  20%/20%

• Liquidity provider

  Unknown

• Mobile trading

  yes

• Affiliate program

  yes

• Order execution

  Market Execution

• Trading features

  You can use advisors

• Contests and bonuses

  no

The analysis of Simple FX broker’s activity, conducted by specialists, revealed the presence of certain commissions. The broker sets commissions for withdrawal of funds: 1% of the amount when transferring to FasaPay e-wallet and 3% when using Skrill and Neteller payment systems. At the same time, withdrawal of funds to personal cryptocurrency wallets is carried out without commission. In addition, the broker charges a commission for carrying open trading positions to the next day, known as swap.

Simple FX is a brokerage company registered in St. Vincent and the Grenadines, which has been successfully providing financial services in the Forex market for more than five years. The main focus of the broker is on the markets of Asia and Oceania, but traders from different parts of the world can open an account with it. The company pays special attention to cryptocurrency traders, offering them opportunities to make transactions with cryptocurrency.

Here are a few key features of Simple FX:

• More than five years in the foreign exchange market;
• Offering more than 20 different types of cryptocurrency contracts;
• The minimum investment amount is only one dollar.

Simple FX offers a wide range of trading instruments with a focus on cryptocurrency, along with traditional currency pairs. The company does not offer passive investment opportunities such as PAMM accounts and has no bonus programs. Technical support is provided in English only, although the broker’s website is available in Russian.

Clients can trade via the popular MetaTrader 4 platform or via SFX’s own platform available for WEB, iOS and Android. Thanks to the mobile version of the platform, traders can trade from anywhere in the world.

The following useful resources can be found on the Simple FX broker’s website:

• Running line with current quotes;
• Section with frequently asked questions;
• A brief guide to the trading platform functions.

Account Types at Simple FX Simple FX offers a standard account type for all traders.

• Standard: This account is suitable for both beginners and experienced traders. The minimum deposit is only 1 US dollar. Traders can use leverage up to 1:500, a minimum spread of 0.9 pips for currency pairs and a minimum transaction volume of 0.01 lots. Margin Call and Stop Out levels are set at 20%.

Simple FX clients can increase their income by recruiting new traders. The affiliate program offers up to 25% of the spread of invited traders. In addition, program participants receive 5% of the spread of traders attracted by their referrals.

Multi-level reward system Simple FX has developed a multi-level affiliate program system that allows you to earn on commissions from the activity of referred clients. This allows you to not only earn from your own invitations, but also earn income from the activity of invited referrals, creating a scalable network.

This structure provides a unique opportunity to create and develop your own affiliate network, which makes the Simple FX Affiliate program particularly attractive to active and enterprising traders who want to maximize their passive income.

Peculiarities of withdrawal of funds

• Commissions: Simple FX charges a 1% fee for bank transfers and FasaPay transfers, and a 3% fee for withdrawals via Neteller and Skrill e-wallets.
• Withdrawal Methods: Options include e-wallets (Skrill, Neteller, FasaPay) and personal cryptocurrency wallets (Bitcoin, Litecoin, Dash, Ethereum, Monero, Tether).
• Withdrawal time: Withdrawal to e-wallets takes on average 3 working days, and to cryptocurrency wallets – up to 1 working day.
• Withdrawal currency: Withdrawal in both US dollars and cryptocurrencies is possible.

Support service

• Simple FX’s support team is available 24 hours a day, 5 days a week and provides assistance in English.

This comprehensive information will help traders to effectively get started with Simple FX and optimize their trading operations using the services provided by the broker.

If you are interested in trading with Simple FX broker, you need to follow these steps:

1. Visit the broker’s website

Go to the official Simple FX website and click on the “Create Account” button to start the registration process.

2. Account Registration

The registration process at Simple FX is as simple as possible. You will need to enter your e-mail address and accept the broker’s terms of service.

3. Using myAlpari

After registration you will get access to your Personal Cabinet, where the following functions will be available:

• Up-to-date currency pair quotes and charts: You can monitor current market data and analyze charts to make informed trading decisions.
• Opening trades: Directly from myAlpari you can open and close trading positions.

Additional features of the Personal Account include:

• View balance and reports on the affiliate program.
• Detailed statistics of trading operations.
• Possibility to change personal data.
• Technical support and consultations of a personal manager.

These steps will help you to start trading with Simple FX and utilize all the opportunities provided by the broker to work effectively on the financial markets.