SimpleFX vs Paxful

SimpleFX vs Paxful Comparison Table 2024
SimpleFX Paxful
4.2
Paxful has closed.

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.

Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.

Comment by Reviewer
"SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals."
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
Cons
  • Weak regulatory oversight
  • No MetaTrader 5 integration
  • 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 Cryptos
Demo Account
Yes No
Minimum Deposit
$0 0.005 BTC
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
0.01 Lots $10
Margin Trading
Yes Yes
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 Yes
Spot Trading
Yes Yes
Mobile Apps
iOS, Android + Web Trader Android & iOS
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
  • USD
  • EUR
  • GBP
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. CFD trading not offered
Leverage
1:500
FTSE Spread
1.3
GBPUSD Spread
1.2
Oil Spread
0.03
Stocks Spread
Variable
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. Forex trading not offered
GBPUSD Spread
1.2
EURUSD Spread
0.9
EURGBP Spread
0.9
Assets
60
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. Paxful offers buying and selling of the world's leading cryptocurrencies.
Spread
From 0.0001 Rates set by vendors
Coins
  • BTC
  • BHC
  • LTC
  • ETH
  • ETC
  • XRP
  • LNK
  • WAV
  • XTZ
  • YFI
  • ADA
  • DOT
  • EOS
  • NEO
  • BNB
  • XMR
  • BTC
  • ETH
  • USDT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Paxful has closed.
More Comparisons
SimpleFX
vs
Paxful
vs