SimpleFX opinion

Opinions and information about the SimpleFX forex broker



SimpleFX is a broker that opened its doors in 2014 (owned by SimpleFX Ltd.). The company is located in Saint Vincent and the Grenadines  (a small island / tax haven, in the north of Venezuela, where coincidentally there are many brokers listed).

SimpleFX website
SimpleFX website

One of the main attractions of this company is the availability to trade with instruments such as Bitcoin, Litecoins (popularly known as cryptocurrencies or cryptocurrencies), and other more traditional such as indices, precious metals and energies.

If you look at the account types that SimpleFX offers, we see the Standard Account, or Base Account where you will have 15 base currencies, leverage (maximum) of 1: 500 and where the initial deposit is not required, or it is 0 and spread from 0,1.

There is also another type of account in this broker, SimpleFX offers "anonymous Bitcoin accounts", where one can operate anonymously, without verifying the account, or showing any type of verification. When usually a broker asks for enough documentation to be able to start operating in the market.
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The platforms to operate are: MetaTrader 4 and SimpleFX's own platform.

When analyzing the broker's website in search of resources or tools for traders, we noticed that they have a series of educational videos with basic terms and functions mainly about forex operations, and explanation of terms for traders.

They also have tutorials on how to use their platform. As we mentioned before, one of the key or most attractive points of SimpleFX is that it allows you to operate with cryptocurrencies, so an entire section of the broker is dedicated to explaining how they work and what Bitcoin is.

A negative aspect of this broker is that it is not regulated by any regulatory entity, is an unregulated broker.



SimpleFX broker features


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Additional information about the company


Phone number: +44 20 3695 8885 (international)

Email: [email protected], [email protected], [email protected]

Clarification: Note that SimpleFX works in different countries, so the information provided may not apply to your country.

*Bonuses or promotions: None at the moment

**Deposit and withdrawal options: Here it is worth clarifying a SimpleFX condition that can be a bit confusing. This condition is as follows: “If you deposited money using different deposit methods, you can only withdraw the money with the method used for the largest deposit. Funds deposited via electronic transfer or through local deposit, must be withdrawn through the bank account.

SimpleFX valuation


With the information we have so far, the comments and reviews of users and traders, our opinion is that SimpleFX is a broker that can be trusted.

Do you know this broker? Have you operated with him? Leave a comment with your experience.


Are you part of SimpleFX? Are you a representative or worker of the company? Write to us here >> use this form << 


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8 comments on “SimpleFX”

  1. I do not like the application of these pirates. I started operating about a month ago. I have earned a lot of money with SimpleFX, but when I asked to withdraw my funds all are excuses and procedures and they NEVER pay you, they are thieves ... a fraud !!!
    Do not believe ANYTHING !!!

    1. Hello Anton, you can get your money back, get in touch with the CHAT of our website, this broker called SimpleFX is a SCAM, many investors have denounced SimpleFX for fraudulent activities, it is not advisable to invest money in a NON-REGULATED broker. It is a SCAM and does not return the money to its customers. ALL positive comments from this broker are FALSEThey are made by their own workers to confuse investors.
      We recommend that all those affected try to recover the money through companies specialized in this type of management from the CHAT that we have on the web or in the following link:

      Time is vital, contact them quickly, do not hesitate!


  2. It is not a regulated broker in the US, but it is also not a regulated broker anywhere in the world. Only and according to them international laws, which ones? or laws of san vicente, thieves to more power, careful !!!!
    When you ask for statements and accounts of the company to ensure their legitimacy they do not deliver anything.
    Here link to the CNMV warning.{fe72a6e0-0988-40b2-a0ba-d0c0a2099714}

    1. Hi Antonio, thank you very much for sharing your experience with SimpleFX with us… It is really a shame what you mention, and you are right to be infuriated that they have no regulation, as we mentioned in the review… If you get more information about the company, please share it with us.


  3. Hello good afternoon, is this a regulated broker? If so, what body regulates it?
    Thank you

  4. "With the information we have so far, the comments and reviews of users and traders, our opinion is that SimpleFX is a broker that can be trusted."


    1. Hello Jonas, the comments and reviews are taken from different sources, and we always try to take into account the experience of traders, if you have had any experience with SimpleFX we invite you to comment.

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