SimpleFX vs Wahed Invest
SimpleFX | Wahed Invest |
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4.2
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3.1
Wahed Invest is #37 in our broker rankings. |
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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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