SimpleFX is not a typical trading platform – it has been a pioneer in integrating cryptocurrency and traditional finance. It is Purpose-built to serve both markets, it offers zero-commission trading, high leverage options, and user-friendly tools designed to meet the needs of everyday traders without requiring an advanced financial background.
| Broker | SimpleFX |
| Regulation and Licenses | FSC Mauritius |
| Minimum Deposit | None |
| Leverage | Up to 1:1000 (SVG); up to 1:100 (Mauritius) |
| Spreads | Floating; tight on majors (e.g. 0.1 – 0.5 pips on EUR/USD) |
| Fees and Commissions | Commission-free; you pay spreads + rollover (where applicable) |
| Ease of Use Rating | ⭐⭐⭐☆☆ |
| Bonuses | First Deposit Bonus SFX Coin cashback Stake & Earn |
| Support Hours | 24/5 live chat in-app support |
| Trading Platforms | Web app Mobile app (iOS/Android) Desktop app API |
| Account Types | Live (SVG or Mauritius) Demo |
| Base Currencies | 16+ cryptocurrencies (BTC, ETH, USDT, etc.); fiat for Mauritius accounts |
| Currency Pairs | 57+ across majors, minors, exotics |
| Inactivity Fee | $20/month after 90 days of no trading activity |
| Affiliate Program | Multi-tier, includes Unilink referral model |
| Scalping | Allowed |
| Hedging | Allowed |
| Trading Instruments | 1,000+ across crypto, forex, stocks, indices, metals, commodities |
| Open an Account | Click here |
SimpleFX Compliance and Regulation
In a way, SimpleFX operates under a dual-entity model:
- 8Tech SVG Ltd, based in Saint Vincent and the Grenadines, is not regulated by any formal financial authority. This entity allows higher leverage (up to 1:1000) and fewer restrictions, but with limited regulatory oversight.
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8Tech Ltd, registered in Mauritius, is licensed by the Financial Services Commission (FSC) under license number GB23201604. This branch adheres to stricter regulatory standards, including a leverage cap of 1:100.
Security and Protection Measures
SimpleFX goes beyond the basics when it comes to platform and user security:
Cloud-Based Infrastructure
Upgraded from earlier systems, their current servers offer stronger DDoS protection and consistent uptime.
Behavioral Monitoring
Unusual login activity or suspicious withdrawals are flagged for investigation, ensuring proactive threat detection.
Real-Time Patching
Security vulnerabilities are resolved as they emerge—no waiting months for scheduled updates.
No Cold Calls Policy
SimpleFX never contacts users via unsolicited phone calls. All official communication occurs through verified email or in-platform chat.
The team regularly updates a scam alert section and educates users on phishing attempts, impersonators, and fake broker directories.
Live and Demo Account Types
There’s not much to SimpleFX’s account types; there’s only one live account and a demo account. You don’t have to figure out which account type will suit your strategy, because their account is extremely flexible in terms of conditions, leverage, deposit/withdrawals, etc.
| Feature | SVG Entity | Mauritius Entity |
| Regulation | Unregulated | 🇲🇺 FSC Mauritius |
| Leverage | Up to 1:1000 | Up to 1:100 |
| Base Currencies | 16+ Cryptos (BTC, ETH, USDT, etc.) |
USD EUR GBP |
| Deposit Methods | Crypto Only | Bank Transfer Card Skrill Neteller |
| Verification | ID Selfie |
ID Selfie Proof of Address Questionnaire |
| Account Type | Crypto Trading Account |
Fiat Trading Account |
| Minimum Deposit | None | 10 USD |
| Processing Time | Near instant (depends on network) |
Up to 1 business day (once funds are received) |
| KYC Approval Time | Average: 3 minutes | Average: 5 minutes |
| Trading Instruments | All 1000+ instruments available |
Same access to all instruments |
| Available Bonuses | SFX Coin cashback Stake & Earn First Deposit |
SFX Coin cashback Stake & Earn First Deposit |
| Fee Structure | No commission Spreads only |
No commission Spreads only |
| Open an Account | Open account | open account |
What Account Types Does SimpleFX Offer?
There are two types of accounts at SimpleFX:
Live Account
This is your real-money account. It supports crypto or fiat funding, depending on whether you register under the Mauritius or SVG entity. You can trade across all available instruments, use leverage, and withdraw your profits when you’re done.
Demo Account
No deposit needed. You get access to all the same trading tools, instruments, and features — just with fake money. Great for testing strategies, learning how the platform works, or figuring out if you’re ready to trade live.
That’s it. No “silver,” “gold,” or “elite platinum diamond super-pro” tiers. Select ‘Real’ or ‘Demo’ and get started.
Demo Account Details
The demo account is wide open. You don’t even need to register with an email if you’re poking around. Choose your instrument, explore the tools, and place trades with either $10,000 in virtual funds or 1 BTC; whichever you prefer.
Here’s what makes it useful:
- You can test different leverage settings and risk profiles.
- All instruments are available, including crypto, forex, indices, and stocks.
There’s no time limit on the demo account. You’re not rushed to upgrade or commit.
Account Registration
Opening an account with SimpleFX doesn’t take much. You’re not asked to write an essay about your experience or upload five types of ID. The steps are fast, the KYC is minimal (depending on the entity), and you start trading within minutes.
Who Can Open An Account with SimpleFX?
- Anyone over 18, outside of restricted regions.
- SVG accounts: global access (excluding banned countries), crypto only.
- Mauritius accounts: limited to approved jurisdictions, fiat funding allowed.
- Business accounts are not supported; it’s a retail-only service.
Which Countries are Banned?
- 🇺🇸 United States
- 🇪🇺 European Union and EEA countries
- 🇨🇦 Canada
- Mauritius (ironic, but true)
- 🇲🇺 Sanctioned or high-risk nations
Trading and Non-Trading Fees
SimpleFX doesn’t advertise itself as “zero-fee,” and that’s a good thing, because no broker is. What SimpleFX does instead is make its fee structure transparent, rather than burying it in a PDF that nobody reads.
Trading Fees
SimpleFX does not charge fixed commissions. That means you won’t see a flat $5 per trade like with some brokers. The broker fees for facilitating your trade are included in the spread.
Spreads vary depending on the type of trade, market conditions, and which liquidity pool fills your order. Here’s a general look at what to expect:
| Instrument Type | Typical Range | Spread Type/ Commission |
| Forex (Majors) | 0.1 – 0.5 pips | Floating None |
| Forex (Exotics) | 10 – 50 pips | Floating None |
| Crypto Pairs | 0.2% – 2.5% (by pair) | Floating None |
| Metals | Tight during normal hours | Floating None |
| Stocks and Indices | Variable, depends on asset | Floating None |
Non-Trading Fees
Deposits are always free. Withdrawals vary based on method. Here’s an overview of what to expect:
- Crypto withdrawals: A fixed network fee is listed clearly before confirmation.
- Card withdrawals: 3.5%, with a minimum of $1.
- Skrill and Neteller: 1%, with a minimum of $1.
- Bank transfers: A flat $10 fee applies.
Trading Platforms and Solutions
SimpleFX offers proprietary mobile, browser, and desktop applications. You won’t find any third-party integrations with MetaTrader or cTrader. Each SimpleFX platform has a different feel, but the core stays the same: clean interface, fast execution, and no bloated features you didn’t ask for.
The layout isn’t trying to impress UI award judges; it’s focused on speed, clarity, and muscle memory. There’s no “mobile-lite” nonsense; what you get on one platform, you get on all.
Desktop App
The downloadable app is fast, focused, and meant for traders who sit down with intent.
- Launches directly from your desktop or taskbar with one click.
- Supports one-click and one-slide trade execution.
- Built-in trading calculator for real-time margin, lot size, and risk calculations.
- Access to the full range of instruments, including crypto, forex, metals, and stocks.
Includes 24/5 live support access from inside the platform.
Web App
This version operates in your browser and is surprisingly powerful.
- Includes multi-chart layouts, drawing tools, and custom indicator settings.
- Offers full access to both live and demo accounts with instant switching.
- No download required to access the full platform.
- Advanced charting powered by TradingView is integrated by default.
- Place, modify, and close trades directly from the chart screen.
- You can manage staking and track SFX Coin cashback activity.
Mobile App
The app is compatible with iOS and Android devices and can be used for real trading, not just position monitoring.
- One-slide trading lets you open positions quickly with custom settings.
- Fully functional charts and trading tools for all instruments.
- You can adjust stop loss, take profit, and leverage from inside any open trade.
- Notifications for price alerts, market open/close times, and major headlines.
SimpleFX API
The SimpleFX API provides developers (or traders) with full customization options.
- REST API supports order placement, modification, and account data queries.
- The WebSocket API provides real-time price streaming for all supported symbols.
- You can automate trading strategies, integrate alerts, or build custom dashboards.
- API keys are created inside your live account with full permissions control.
SimpleFX Education
SimpleFX doesn’t try to turn anyone into a Wall Street analyst. What you get is enough education to get up to speed and remain functional.
Education Hub
The education hub is where SimpleFX organizes its trading tutorials, platform walkthroughs, and feature explanations.
Here’s what you’ll find:
- How-to guides for placing trades, setting up charts, and managing leverage.
- Step-by-step instructions for depositing crypto, switching accounts, and withdrawing funds.
- Troubleshooting tips for login issues, order errors, or platform settings.
- Visual guides on how to use the calculator, copy-trading tool, and staking.
