Is SimpleFX a regulated broker?
SimpleFX Ltd is incorporated in Saint Vincent and the Grenadines under registered number 22361 IBC by the Registrar of International Business Companies. As of now, SimpleFX operates without specific financial regulatory oversight. Traders should be aware of this and consider the associated risks when choosing to trade with unregulated brokers.
What account types does SimpleFX offer?
SimpleFX offers flexible account options without strict classifications. Traders can open multiple live and demo accounts in various currencies, including both fiat and cryptocurrencies. Notably, there is no minimum deposit requirement, making it accessible for traders with varying capital levels.
Does SimpleFX support social trading?
Yes, SimpleFX offers social trading features, allowing users to follow and copy the trades of experienced traders. This feature enables less experienced traders to benefit from the expertise of seasoned investors.