SimpleFX: multi-asset CFDs, fiat and crypto accounts, and AI execution controls

SimpleFX combines leveraged currency trading with CFDs on stock indices, individual shares, ETFs, metals, energy and cryptocurrencies. Its current platform range is proprietary WebTrader, mobile apps and an installable desktop web app. A cryptocurrency-denominated account is a funding and collateral choice; it does not turn a crypto CFD into ownership of the underlying coin.[1]

The FAQ requires verification before fiat or crypto trading. It permits up to four Live and Demo accounts per currency/jurisdiction without specifying the split. No universal minimum deposit applies; payment-method minimums remain.[2]

The legal hub says Mauritius does not support crypto deposits or cryptocurrency-denominated accounts. It identifies South Africa separately as a crypto-assets service route. SimpleFX states that it has no EU, EEA or UK authorisation and excludes US clients and prohibited jurisdictions; the accepted agreement contains further residence exclusions.[3]

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The Mauritius execution policy describes the company as principal and sole execution venue for client orders conducted over the counter. It may source prices and hedge through other venues, but the client’s position remains a contract with the broker. The risk disclosure excludes rights to delivery or ownership of the underlying market.[24][26]

SimpleFX advertises no opening or closing trading commission, free platform use and free internal transfers. Those claims do not eliminate the bid–ask spread, overnight financing, withdrawal charges or dormancy provisions. A reproducible EUR/USD average spread or instrument-specific spread floor was not established from the reviewed public pricing pages.[10]

The Mauritius execution policy describes overnight funding as a credit or debit determined by instrument, direction and other market factors. The applicable rate is displayed in the trading platform. A commission-free trade can therefore incur a holding cost, and a single generic swap figure would not represent the product range.[24]

For a futures-linked CFD, SimpleFX’s rollover process switches to the next underlying contract and applies an offsetting adjustment for the price gap. The broker says the rollover adjustment itself does not change equity. Margin conditions around the event can still affect other positions. This contract replacement is distinct from overnight financing; dates are published in the rollover table and symbol information.[19]

The Mauritius agreement permits a USD 20 monthly dormancy charge after 90 calendar days without opening or closing a trade, deductible from the first day of the following month. Its glossary instead defines dormancy after 60 days, leaving an internal trigger conflict. The fee also qualifies the website’s free-maintenance promotion.[22][10]

A conflicting FAQ definition treats an account as active indefinitely after its first trade.[2]

The Panama agreement also distinguishes dormancy from account termination. Termination can cancel orders, close positions and end platform access. Its clause 20.4 excludes repayment of balances below minimum withdrawal fees and certain unwithdrawn dormant balances after the notice deadline; clause 20.4.1 says those amounts go to charity. Simply leaving an account unused is therefore not equivalent to a clean, completed withdrawal and closure.[27]

Mauritius terms allow liquidation when equity falls below 30% of required margin. Normal margin changes carry five business days’ notice, but exceptional market conditions can justify an immediate change affecting existing positions. The published policy does not make a stop-loss price guaranteed.[22][26]

The FAQ gives pending orders a 180-calendar-day life. The reviewed public material did not establish a single aggregate order limit or the persistence of every chart setting across devices.[2]

The status page separates web, mobile, live/demo trading, quotes, accounts and payments into service components. It can help identify the affected system; it is not evidence that an order was executed. Mauritius complaints documentation directs clients to live chat and email and says there is no direct telephone service. No dedicated outage dealing procedure was established.[21][23]

The Mauritius contract provides up to five business days after acceptance of a complete withdrawal request, subject to sufficient free margin and payment conditions. The detailed payment table therefore should not be read as an unconditional end-to-end arrival guarantee.[22]

TradingPower, organised by the Panama company, starts on the later of 15 October 2026 at 13:00 UTC or publication of its terms, and ends on 21 December 2026 at 13:00 UTC, subject to earlier termination. Eligible verified users must enter before their qualifying first deposit. Deposit bands award USD 5–50 of non-withdrawable credit; USD 125 or more reaches the USD 50 maximum. Each day, 40% of eligible completed-trade spread expenditure converts credit into withdrawable cash, capped at the original bonus, over 180 days. A withdrawal or internal transfer cancels unconverted credit and can reduce margin. Profits and converted cash remain subject to ordinary withdrawal rules. Country exclusions apply.[20]

A display-currency preview does not change account denomination. On crypto-funded accounts, collateral conversion can move equity and margin even while a particular CFD market is closed.[2]

Mauritius terms allow currency conversion at the company’s rates with regard to prevailing market rates. They place the exchange risk on the client; the reviewed document does not give a fixed conversion markup.[22]

The Mauritius client-money policy commits to designated bank accounts, separate client ledgers, external audit review and reconciliation at least every four weeks. It says operating and hedging costs use house funds rather than client money. These are policy commitments, not an independent audit of current balances.[25]

The Mauritius risk disclosure describes negative-balance protection as an automated reset to zero after a trading balance becomes negative. It also says there is no Mauritius client-compensation scheme and warns that segregation does not remove bank or custodian failure risk. No separate insurance policy or per-client and aggregate insurance limits were established. These Mauritius disclosures should not be applied automatically to Panama or South Africa.[26]

SimpleFX recommends two-factor authentication and warns against disclosing passwords, authenticator codes or private keys. The cybersecurity page directs suspected phishing or account-security issues to support through the official website or [email protected]. Those channels are preferable to an unsolicited contact claiming to represent the broker.[5]

Lost-2FA recovery uses previous transaction evidence or fresh identity evidence through support. No fixed post-recovery withdrawal hold was established.[2]

The Mauritius policy escalates matters unresolved by customer service within 48 hours to compliance. Its formal-response clause gives 30 business days, with updates when more time is needed, and identifies the FSC as an escalation route. Another passage says 30 days without the business-day qualifier; clients should obtain the applicable deadline when the complaint is acknowledged.[23]

The FAQ describes daily and monthly emailed statements. Clients remain responsible for tax; the reviewed instructions did not establish a jurisdiction-specific tax certificate or complete export-format specification.[2]

SimpleFX’s official API repository describes API-key creation, selected trading permissions and an optional IP whitelist. Leaving that whitelist empty permits use from any IP address. Key creation requires email or two-factor confirmation, and the secret is displayed once. REST authentication and WebSocket market data are documented. The overview does not establish a complete withdrawal-permission or key-revocation workflow.[32]

The MCP service uses OAuth 2.1. Its tool catalogue includes account information, quotes, margin calculations, market and pending orders, position modification and closing. Payment tools generate deposit or identity-verification links; the listed catalogue contains no withdrawal-execution tool. Authorising an integration can therefore grant trading actions, rather than merely access to market commentary.[33]

TiMi AI TradeMate is offered inside WebTrader alongside external MCP connections and API-based automation. The product page distinguishes the built-in assistant from configurations marketed for autonomous operation. An external connection’s actual settings and permissions determine its reach.[6]

Earn / Stake & Trade has separate Panama-organised terms. They distinguish on-chain staking of TRX, BNB and ETH from off-chain USDT/USDC yield strategies. Eligible balances can remain usable as trading margin, but rewards require the qualifying holding period and rates may change. The terms describe no minimum or redemption lock and next-day reward calculation. They also warn of third-party, protocol and asset-loss risks. Yield is not a guaranteed deposit return or an insurance benefit.[30]

SimpleFX dates its operating history to 2014. The current group presents different contracting and funding routes under one brand; platform branding alone does not determine which company owes obligations to an account holder.[11]

The legal hub advertises Panama company 0004-IBC-2026 and KUNAISA licence claims FX0032026 and V0042026. No independent national financial-regulator permission for that company was established in this review. Those claims do not extend Mauritius FSC supervision to the Panama relationship.[3]

The current global customer agreement, dated 7 October 2026, names the Panama company. The MCP documentation footer still identifies 8TECH SVG LTD, registration 22361 BC 2014, in Saint Vincent and the Grenadines. This inconsistent site wording does not establish that a particular existing account has been legally transferred; no account-specific novation notice was obtained.[27][33]