SimpleFX vs Wahed Invest
| SimpleFX | Wahed Invest |
|---|---|
4.2
|
3.1
Wahed Invest is #37 in our broker rankings. |
 Traders from US not accepted
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Traders from US accepted |
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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. |
Wahed Invest is an ethical investment platform and robo-advisor aimed at Muslim investors. The firm is overseen by the Sharia Review Bureau, offering a range of stocks, ETFs, sukuk and gold. With a reasonable $100 minimum deposit and strong regulatory oversight, the firm has become an accessible option for over 200,000 investors. |
| Comment by Reviewer | |
| "SimpleFX is best for crypto traders looking for staking services and a social trading community to exchange ideas and signals." | "Wahed Invest is a great option for Muslim traders looking to invest in ethical securities with straightforward pricing and flexible risk parameters." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, indices, shares, commodities, cryptocurrencies | Stocks, Sukuk, Gold |
| Demo Account | |
| Yes | No |
| Minimum Deposit | |
| $0 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Variable |
| Regulator | |
| SEC, SRB | |
| Margin Trading | |
| Yes | 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 | Yes |
| 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 | Robo-advisor |
| 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 | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| 3% | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| 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. | Crypto trading not offered |
| Spread | |
| From 0.0001 | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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SimpleFX vs |
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