PrimeXBT vs SimpleFX

PrimeXBT vs SimpleFX Comparison Table 2023
PrimeXBT SimpleFX
WINNER
PrimeXBT is the better broker
4.2
United States Flag Traders from US not accepted
4.2
United States Flag Traders from US not accepted
PrimeXBT is a Bitcoin-based platform offering highly leveraged trading in FX, indices, commodities, & cryptocurrencies. Copy trading and crypto staking also available. SimpleFX is a CFD broker offering the popular MT4 platform plus its own SFX WebTrader platform. Account holders benefit from low trading fees with tight spreads.
Pros
  • Low minimum deposit
  • Copy trading
  • API & VPS
  • Ethereum staking
  • No minimum deposit
  • Fast customer support
  • Beginner-friendly platform
  • Multi-currency single account
Cons
  • No demo account
  • No MT4 integration
  • No regulatory oversight
  • Unregulated
  • MetaTrader 5
  • Limited non-crypto funding methods
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • The Best Trading Platform Cryptocurrency, World Expo 2022 - Warsaw
  • Best Mobile App 2020 - Rankia Awards
  • The Best Trading Platform, Finance World Expo 2019 - Zug
  • Best Cryptocurrency Trading Platform, Cryptocurrency World Expo 2018 - Berlin
Promotions

Enter PrimeXBT Virtual Contests To Win Real Prizes

Instruments
CFDs, Cryptos, Forex, Indices, Commodities Forex, indices, shares, commodities, cryptocurrencies
Demo Account
No Yes
Minimum Deposit
0.001 BTC $0
Payment Methods
Minimum Trade
0.01 contract 0.01 Lots
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No Yes
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS, Android + Web Trader
Auto Trading
Yes
Copy Trading
Yes No
Copy Trading Platform
PrimeXBT offers an excellent Covesting module where traders can follow the strategies of other users with free and paid-for signals.
Social Trading
Yes Yes
Trade Signals
No Yes
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3%
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs with low fees and fast execution speeds. Leveraged CFD products are available in multiple financial markets.
Leverage
1:200 1:500
FTSE Spread
Variable 1.3
GBPUSD Spread<
Variable 1.2
Oil Spread
Variable 0.03
Stocks Spread
Variable Variable
Forex Trading
Trade on close to 20 currency pairs, including crypto pairs. 'Covest' and follow experienced traders. Trade currency pairs with tight spreads and 1:500 leverage.
GBPUSD Spread
Variable 1.2
EURUSD Spread
Variable 0.9
EURGBP Spread
Variable 0.9
Assets
18 60
Cryptocurrency
Trade on popular cryptocurrency coins with an award winning trading platform. Leverage up to 1:200 subject to regulation. Trade crypto and US Dollar CFDs.
Spread
0.05% BTC, 0.05% ETH From 0.0001
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes Yes
Auto Market Maker
No No
More Comparisons
PrimeXBT
vs
SimpleFX
vs