SimpleFX vs Luno

SimpleFX vs Luno Comparison Table 2023
SimpleFX Luno
WINNER
Luno is the better broker
4.2
United States Flag Traders from US not accepted
Not Yet Rated
United States Flag Traders from US accepted
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. Luno is a global cryptocurrency exchange that is headquartered in the UK and offers a range of DeFi services.
Pros
  • API & VPS
  • Ethereum staking
  • No minimum deposit
  • Fast customer support
  • Beginner-friendly platform
  • Multi-currency single account
Cons
  • Unregulated
  • MetaTrader 5
  • Limited non-crypto funding methods
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 Crypto
Demo Account
Yes No
Minimum Deposit
$0 £1
Payment Methods
Minimum Trade
0.01 Lots £10
Margin Trading
Yes No
MetaTrader 4
Yes No
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
Yes No
ECN Account
No No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android + Web Trader iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes
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%
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Leveraged CFD products are available in multiple financial markets. CFD trading not offered
Leverage
1:500
FTSE Spread
1.3
GBPUSD Spread<
1.2
Oil Spread
0.03
Stocks Spread
Variable
Forex Trading
Trade currency pairs with tight spreads and 1:500 leverage. Forex trading not offered
GBPUSD Spread
1.2
EURUSD Spread
0.9
EURGBP Spread
0.9
Assets
60
Cryptocurrency
Trade crypto and US Dollar CFDs. Luno supports cryptocurrency trading, staking and transferring with six major tokens.
Spread
From 0.0001 Variable
Coins
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • USDC
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No Yes
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