SimpleFX vs Amega

SimpleFX vs Amega Comparison Table 2024
SimpleFX Amega
4.2
3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

SimpleFX is an offshore forex, CFD and cryptocurrency broker with over 200,000 clients globally. The broker offers a proprietary trading solution, as well as the reputable MT4 platform. Traders can access a vast selection of digital assets with crypto deposits and multi currency accounts.

Amega is an offshore STP broker offering CFD trading on forex, stocks, indices and commodities with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker's services through a demo account.

Comment by Reviewer
"SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals." "Amega is a good option for traders seeking commission-free CFDs with tight spreads on the MT5 platform. We also rate the fast execution speeds of 0.1s which will appeal to active day traders."
Pros
  • API & VPS support
  • SimpleFX crypto coin
  • Fast customer service
  • Beginner-friendly platform
  • Multi-currency single account
  • Lightning fast Bitcoin payments
  • Community forum to share trading ideas
  • Crypto staking solution with no starting deposit
  • Flexible payment options include crypto and international banking options
  • Competitive commission-free trading with spreads from 0.8
  • Full range of investments including cryptocurrencies
  • Low minimum deposit for beginners at $20
  • Swap-free Islamic trading profiles available
  • Free demo account
Cons
  • Weak regulatory oversight
  • No MetaTrader 5 integration
  • Limited non-crypto funding methods
  • The broker is not regulated by a trusted financial authority
  • Only one platform is available with limited educational materials
  • No MetaTrader 4 integration
  • Copy trading not available
  • Costly withdrawal fees
Awards
  • 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
Instruments
Forex, indices, shares, commodities, cryptocurrencies CFDs, Forex, Shares, Indices, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$0 $0
Trading Platforms
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
Yes No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android + Web Trader iOS & Android
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes MT5
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3% $5
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
Stock Exchanges
Commodities
CFD Trading
Go long or short on over 170 CFDs with high leverage up to 1:500. The broker's social community is also a great place to pick up CFD strategy tips and trading ideas. Trade CFDs on 100+ instruments from popular asset classes. Leverage up to 1:200 is available on precious metals, while stocks, indices and energies can access 1:20 max leverage and 1:10 for commodities. On the negative side, the depth of assets is limited vs other CFD brokers.
Leverage
1:500 1:1000
FTSE Spread
1.3 From 0.8 pips
GBPUSD Spread
1.2 From 0.8 pips
Oil Spread
0.03 From 0.8 pips
Stocks Spread
Variable From 0.8 pips
Forex Trading
SimpleFX offers a competitive suite of 60 forex pairs with average spreads of 0.9 pips. The charting features are extensive, with convenient mobile and desktop access for all experience levels. Trade 70+ major, minor and exotic forex pair CFDs with up to 1:1000 leverage, no commission fees and competitive spreads from 0.8 pips. FX trades can also be executed via the reliable and fast MetaTrader 5 software.
GBPUSD Spread
1.2 From 0.8 pips
EURUSD Spread
0.9 From 0.8 pips
EURGBP Spread
0.9 From 0.8 pips
Assets
60 70+
Cryptocurrency
SimpleFX offers popular crypto coins including Bitcoin and Ethereum paired with the USD. Traders benefit from feature-rich analysis tools as well as a bespoke staking service where capital can be used for margin trading. Trade popular digital tokens against fiat currencies. Go long or short on Bitcoin and get 24/7 instant cashback when you trade in high volumes. However, traders looking for low-cap tokens should look at alternative brokers.
Spread
From 0.0001 From 0.8 pips
Coins
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
More Comparisons
SimpleFX
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