SimpleFX
Discover the Latest Insights about SimpleFX
SimpleFX operates under registration number 22361 IBC in Saint Vincent and the Grenadines. The company’s legal entity identifier is 21380042B8QJ87V4HA89, although it does not possess a brokerage license.
Trading Platforms at Your Disposal
SimpleFX provides two distinct trading platforms:
- MetaTrader 4 – a renowned and widely used platform;
- SimpleFX WebTrader – a proprietary platform developed by the company, accessible on both iOS and Android devices.
The key feature of the in-house platform is the capability to create charts illustrating trading concepts and exhibit them in video format.
Benefits of Engaging with SimpleFX
- Access to multi-currency accounts;
- A diverse partnership program;
- Enhanced security through two-factor authentication;
- Continuous trading opportunities throughout the year;
- Protection against negative balances;
- No minimum deposit requirements;
- An informative blog section;
- Educational video resources.
Setting Up Your Personal Account on SimpleFX
To create an account on SimpleFX, you will need to provide an email address for receiving a confirmation link. Alternatively, you can authenticate using social media accounts or messaging services.
The registration process involves reviewing and accepting the terms of service and privacy policy provided in English as a downloadable PDF.
Range of Trading Instruments Available
- Indices;
- Stocks;
- Precious metals;
- Energy commodities;
- Cryptocurrencies.
Account Opening Conditions
Details regarding trading accounts and conditions are not explicitly outlined on the SimpleFX website. It is known, however, that the leverage offered is 1:500, with no mandatory minimum deposit.
Deposits and Withdrawals with SimpleFX
Upon completing your registration on SimpleFX, you can choose from various deposit methods, including bank transfers, payment systems, e-wallets, and popular cryptocurrencies like Bitcoin, Litecoin, and DASH. Withdrawals are processed using the same method as deposits and may take 3 to 7 business days to complete.
Final Considerations on SimpleFX
It is crucial to note that SimpleFX operates without regulatory oversight, potentially leading to inadequate protection of traders’ rights. Given the uneven presentation of information on the website, exercise caution when engaging with the platform.
This review has been prepared by the specialists at ExpertsReview.