SimpleFX Journal

Journal status: live
SimpleFX joined in | not yet
SimpleFX Profile
Year
2014
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Algeria, Bahamas, Botswana, Cambodia, Cuba, Ecuador, Ethiopia, Ghana, Iran, Myanmar, North Korea, Pakistan, Panama, Sri Lanka, Trinidad and Tobago, Tunisia, Yemen
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
not disclosed

SimpleFX Accounts
STP
Minimum Deposit
1 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
0.1 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
50 %
Stop Out
30 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is SimpleFX safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is SimpleFX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • SimpleFX website: semi-detailed, updated ★★★
  • SimpleFX popularity (by visitor count): top visited ★★★★★

How SimpleFX works

8.1. When Company deals with or for the Real Customer, the Company.. may have an interest, relationship or arrangement that is material to the Transaction concerned or that conflicts with Customer's Interests.

5.4..The company is entitled to change Spreads without prior notice to the Client.

5.5.While Company is taking into the account the underlying market price.. the Company is under no obligation to ensure that the CFD and Spread Betting quotes it provides are within any specific percentage of the underlying market price.

https://simplefx.com/resources/SimpleFX_TermsOfUseAndCustomerAgreement.pdf

https://simplefx.com/resources/SimpleFX_TermsOfBusiness(CFD).pdf
The terms and conditions and trading rules are established solely by the counterparty which may be Company or some financial institution or other incorporated entity to be disclosed to the Client.

https://simplefx.com/resources/SimpleFX_RiskDisclosureForContractsForDifference.pdf

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