Brief informationSimpleFX
The company is registered in the island state of Saint Vincent and the Grenadines under the number 22361 IBC. It provides the identifier 21380042B8QJ87V4HA89 of the legal person, but it does not publish information on the license for brokerage activities.
Trading platforms
The company offers two variants:
MetaTrader 4 - that is one of the most popular all over the world and does not need a separate presentation;
SimpleFX WebTrader - that is broker’s own development. It is positioned as a fast and intuitive application. There are versions for iOS and Android.
The feature of its own platform is the ability to draw a graph introducing any trading idea, choose a short, medium or long distance, and make a mini-clip in one click.
You can share the layout of the idea and its implementation in the SimpleFX WebTrader chat, or send the analysis URL to anyone you think is necessary. The authors believe that this feature is especially useful for developing an affiliate broker program. Using videos about new trading strategies, you can effectively inspire and attract new people, as well as share useful recommendations with existing members of the affiliate network.
What SimpleFX considers to be its advantages
- multicurrency accounts;
- extensive affiliate program;
- 2-step authentication for maximum security;
- trade round the clock and the whole year;
- negative balance protection;
- no minimum deposit;
- own blog with useful information;
- training video section.
Personal account
To register, you must specify your email address - a confirmation link will be sent to it. It is noteworthy that authentication through social networks and messengers is possible (Facebook, Telegram, Twitter, as well as through a Google account).
A mandatory part of the procedure is the familiarization and acceptance of the user agreement and privacy policy. These documents are presented only in English, and in the PDF format, so it will not be easy to automatically translate them into Russian.
Instruments:
- indices,
- stocks,
- precious metals,
- commercial energy,
- cryptocurrencies.
Trading accounts and conditions
These details are not provided on the site in the public domain - there is no even an appropriate section.
Only from the section with advantages we can learn that the leverage is extremely large - 1: 500, accounts are multicurrency and universal, and there is no minimum deposit at all. However, the recommendations mention that technically it is more convenient to make settings starting from $ 1, so formally this amount can be considered as a trigger deposit.
Replenishment and withdrawal of money from SimpleFX
This information is also not publicly available. All kinds of deposit replenishment options will be opened only after registration: bank transfers, payment systems, electronic and cryptocurrency wallets. There are Bitcoin, Litecoin, DASH among the latest.
You can withdraw money the same way that you replenished it. The process will take 3-7 business days.
Conclusion about SimpleFX
The broker's activities are not regulated, which means that the rights of traders are not protected. The information on the site is presented pretty unevenly: very detailed sections coexist with the lack of important information. You can contact the company only by email and through the feedback form on the site. There are no phones and addresses of offices. In such cases, we recommend you to be careful.
