Is SimpleFX a scam or a legit broker?

SimpleFX is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade SimpleFX. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.

About SimpleFX
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is SimpleFX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

SimpleFX is an offshore broker offering Forex and CFD trading. The company is owned and operated by SimpleFX Ltd., based and registered in the St. Vincent and the Grenadines.

It is a popular destination for forex brokers, because registration procedure is simple and low-cost and they face limited regulatory supervision, if any.

The contact phone numbers of Customer Support and Partnership department are British, although the firm is not authorized in the UK by FCA (Financial Conduct Authority).

That’s why we recommend to deal only with the regulated brokers, as they have strict regulatory standards and a number of requirements.

For obtaining an STP FCA license, the required capital for the broker to have is EUR 125,000. Also in order to get this type of license, the broker needs to have a physical office in the UK.

All clients of the FCA-regulated brokers are protected by the Financial Services Compensation Scheme.


We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and

Yet, it is always great to hear your personal opinion about SimpleFX. So you may share your experience or thoughts or discuss them below or ask us for additional information.

No news available.

9 responses to “SimpleFX”

  1. Is this the company that trades in the west midlands area of the uk?

    Managing director is Richard Williams?

  2. Hard to find good platform – for me most important is: Competitve offer. Multilingual support. I choose Simple FX. I needed to learn strategy cause 74.39% of CFD accounts lose money. 

  3. I think SimpleFX is definitely no.1 lowest spreads that are consistent, super fast withdrawals, platform always 100% up with no delays, best execution I have seen. They are just super reliable consistent and the cost is the lowest. 

  4. Great and simple to understand app. I’ll never think of money the same way! Fantastic way to realize how poorly your understanding of the markets actually is.

  5. Easy to navigate through the app. The easiest way to trade, even for beginner in Forex. Never got any problems.

  6. App is very simple to use. You can invest your cryptocurrencies and multiply money. SimpleFX is independent and not controlled by Wall Street and I like it.

  7. Great app. A standard CFD service (free, but you pay with spread), but they:
    have a great app (mobile and web) which they update every week
    will list anything you ask for, just post your suggestion at
    support Binance Smart Chain, and probably will introduce Lightning Network soon.
    allow you to stake ETH 2.0 and reinvest the frozen funds. I literally shorted crypto this week with my frozen ETH, how awesome is that?
    They’ve been around since 2014, while Binance has just turned 4…

  8. Great trading app with cryptocurrency accounts. I’ve been looking for a reliable app where I can easily move my BTC or ETH when I see a trading opportunity on stocks. SimpleFX is simply great. Love it. Spreads are at times bit high, but this is what you’d expect.

  9. All this comments sounds like someone being paid to say so. Thats to good to be true. No one says not controlled by wallstreet and be happy. Its just the saying of a paid advertiser to justify the beings of the company being a market maker, not and stp broker as they claim.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code