Introduction to FXSimple.co.uk
Welcome to FXSimple.co.uk! We are excited to offer our readers an in-depth look at one of the UK’s leading online foreign exchange brokers.
FXSimple is a division of GAIN Capital Group, LLC, which is a publicly traded company on the New York Stock Exchange (NYSE: GCAP). GAIN Capital Group has over 20 years experience in the online trading industry and provides services to clients in over 140 countries.
We have chosen to review FXSimple because they are a regulated broker by the Financial Conduct Authority (FCA) in the United Kingdom and offers some of the most competitive spreads and commissions in the industry. In addition, they offer a wide variety of currency pairs, metals, and CFDs for traders to choose from.
We will start our review with an overview of what we believe are the pros and cons of FXSimple.co.uk.
The Pros of FXSimple.co.uk
Like many other foreign exchange trading platforms, FXSimple.co.uk offers a number of advantages that make it an attractive option for online traders. One of the biggest benefits of using FXSimple.co.uk is that it provides access to a wide range of currency pairs and other financial instruments. This means that traders can find opportunities to trade a variety of different asset classes on the platform.
Another big advantage of FXSimple.co.uk is that it offers very competitive spreads on major currency pairs. This is important because it can help traders save money on their trades. In addition, the platform also offers a variety of tools and resources that can be used by traders to help them make more informed decisions about their trades.
Overall, FXSimple.co.uk is a well-rounded foreign exchange trading platform that offers a number of advantages to its users. If you are looking for a platform that can provide you with access to a wide range of assets and competitive spreads, thenFXSimple
The Cons of FXSimple.co.uk
There are a number of cons associated with FXSimple.co.uk that investors should be aware of before deciding to use their services. Firstly, the broker does not offer a demo account, which makes it difficult for traders to test out their platform and get a feel for how it works before committing to real money trading. Secondly, there is no guarantee that your trade will be executed at the best possible price, as FXSimple.co.uk does not offer price improvements or price protection. Finally, the broker charges inactivity fees, so if you don’t trade often, you could end up paying more in fees than you make in profits.
Traders Ratings of FXSimple.co.uk
FXSimple.co.uk is a forex broker that is based in the United Kingdom and offers its services to clients from all over the world. The company is regulated by the Financial Conduct Authority (FCA) and has been in operation since 2014.
FXSimple.co.uk provides its clients with a platform for trading forex, CFDs, commodities, indices, and cryptocurrencies. The broker offers its clients a wide range of tradable assets, competitive spreads, and leverage of up to 1:500.
The company has received mixed reviews from traders. Some traders have praised the broker for its low spreads and fast execution speeds, while others have criticized it for its lack of customer support and withdrawal problems. Overall, FXSimple.co.uk has an average rating of 3 out of 5 stars on ForexBrokers.com.
Conclusion
Overall, we found FXSimple to be a very reliable and user-friendly forex broker. Their customer service is excellent, their platform is easy to use and they offer a wide range of currency pairs and CFDs. The only downside is that they don’t offer MetaTrader 4, but otherwise we would recommend them as a good choice for both beginner and experienced traders.