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SimpleFX vs TeraFX

SimpleFX vs TeraFX Comparison Table 2023
SimpleFX TeraFX
Review
4.2
Review
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not 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.

TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.

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
Promotions

Sign Up With SimpleFX For A $2500 Instant Deposit Bonus
Instruments
Forex, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
FCA
Margin Trading
Yes No
MetaTrader 4
Yes 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
Yes No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android + Web Trader Yes
Auto Trading
Yes 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 Yes
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Leveraged CFD products are available in multiple financial markets. Trade CFDs with leverage across multiple asset classes.
Leverage
1:500 1:30 Retail, 1:200 Professional
FTSE Spread
1.3 Floating
GBPUSD Spread<
1.2 Floating
Oil Spread
0.03 Floating
Stocks Spread
Variable N/A
Forex Trading
Trade currency pairs with tight spreads and 1:500 leverage. Trade 50+ forex pairs with 1:30 leverage.
GBPUSD Spread
1.2 Floating
EURUSD Spread
0.9 Floating
EURGBP Spread
0.9 Floating
Assets
60 59
Cryptocurrency
Trade crypto and US Dollar CFDs. Crypto trading not offered
Spread
From 0.0001 Trade top crypto pairs on MT4.
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
Review
Review
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