Compare SimpleFX vs MTrading
What is SimpleFX? What is MTrading?
SimpleFX is a free trading and investing app that allows users to trade and stake with no fees and no minimum deposits. Users can trade Bitcoin, Ethereum, Tesla, NDX100, USOIL and more, as well as buy and sell cryptocurrencies and other assets from anywhere. SimpleFX also offers a fully automated platform for copy trading, where users can follow the best traders and earn revenue share. SimpleFX has won several awards for its trading platform, such as the Best Mobile App 2020 by Rankia Awards.
MTrading is an online broker that offers low spreads, fast execution, negative balance protection, and instant withdrawals. Users can trade CFDs and crypto on various markets, such as commodities, indices, stocks, and forex. MTrading also has a copy trading feature, where users can copy the best masters and gain high returns. MTrading has been recognized by several prestigious resources in the industry, such as the Cryptocurrency World Expo – Warsaw 2022.
SimpleFX vs MTrading Regulation Comparison
SimpleFX is registered in St. Vincent and the Grenadines under the company name SimpleFX Ltd. It is not regulated by any financial authority.
MTrading is registered in Belize under the company name ServiceComsvg Ltd. It is regulated by the International Financial Services Commission (IFSC) of Belize under license number IFSC/60/402/TS/19.
SimpleFX vs MTrading Trading Assets Comparison
SimpleFX offers over 200 trading instruments, including forex, indices, commodities, stocks, cryptocurrencies, and futures.
MTrading offers over 100 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies.
SimpleFX vs MTrading Trading Fees Comparison
SimpleFX does not charge any commissions or fees on trading. It makes money from the spreads, which are variable and depend on the market conditions and the instrument traded.
MTrading charges commissions on some instruments, such as stocks and crypto. The commissions vary depending on the account type and the instrument traded. It also charges spreads, which are variable and depend on the market conditions and the instrument traded.
SimpleFX vs MTrading Account Types Comparison
SimpleFX offers two types of accounts: Standard and Pro. The Standard account has no minimum deposit requirement and allows users to trade with up to 500x leverage. The Pro account has a minimum deposit requirement of $1000 and allows users to trade with up to 200x leverage. The Pro account also has lower spreads and commissions than the Standard account.
MTrading offers four types of accounts: Start, Standard, Pro, and ECN. The Start account has no minimum deposit requirement and allows users to trade with up to 1000x leverage. The Standard account has a minimum deposit requirement of $100 and allows users to trade with up to 1000x leverage. The Pro account has a minimum deposit requirement of $5000 and allows users to trade with up to 500x leverage. The ECN account has a minimum deposit requirement of $1000 and allows users to trade with up to 200x leverage. The ECN account also has lower spreads and commissions than the other accounts.
SimpleFX vs MTrading Deposit Options Comparison
SimpleFX and MTrading both offers a variety of deposit and withdrawal options, such as bank cards, wire transfers, electronic payment systems, cryptocurrencies, and local banking methods. It does not charge any fees for deposits or withdrawals.
SimpleFX vs MTrading Trading Platforms Comparison
SimpleFX provides clients with a web-based trading platform called SimpleFX WebTrader, which is fast, intuitive, and compatible with any device. It also offers native mobile apps for iOS and Android devices.
MTrading provides clients with a desktop trading platform called MetaTrader 4 (MT4), which is one of the most popular and widely used platforms in the industry. It also offers web-based and mobile versions of MT4.
SimpleFX vs MTrading Analytical Tools Comparison
SimpleFX offers various analytical tools for traders, such as live charts, indicators, drawing tools, news feed, trading signals, trading ideas, economic calendar, market analysis blog, dividend calendar, trading schedule changes, etc.
MTrading also offers various analytical tools for traders, such as live charts, indicators, drawing tools, news feed, trading signals, trading ideas, economic calendar, market analysis blog, etc.
SimpleFX vs MTrading. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. There is no definitive answer to which forex broker is better or which one you should choose. However, here are some possible factors that you may want to consider:
- Regulation: If you value the security and protection of your funds and personal data, you may prefer a regulated broker over an unregulated one. MTrading is regulated by the IFSC of Belize, while SimpleFX is not regulated by any financial authority. This means that MTrading has to comply with certain rules and standards, such as keeping client funds in segregated accounts, maintaining adequate capital, and submitting regular reports. SimpleFX does not have to follow these rules and may not offer the same level of protection to its clients.
- Trading Assets: If you want to diversify your portfolio and trade a wide range of instruments, you may prefer a broker that offers more trading assets. SimpleFX offers over 200 trading instruments, including forex, indices, commodities, stocks, cryptocurrencies, and futures. MTrading offers over 100 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies.
- Trading Fees: If you want to save on trading costs and maximize your profits, you may prefer a broker that charges lower fees. SimpleFX does not charge any commissions or fees on trading. It makes money from the spreads, which are variable and depend on the market conditions and the instrument traded. MTrading charges commissions on some instruments, such as stocks and crypto. The commissions vary depending on the account type and the instrument traded. It also charges spreads, which are variable and depend on the market conditions and the instrument traded.
- Account Types: If you want to trade with different levels of leverage, deposit requirements, and trading conditions, you may prefer a broker that offers more account types. SimpleFX offers two types of accounts: Standard and Pro. The Standard account has no minimum deposit requirement and allows users to trade with up to 500x leverage. The Pro account has a minimum deposit requirement of $1000 and allows users to trade with up to 200x leverage. The Pro account also has lower spreads and commissions than the Standard account. MTrading offers four types of accounts: Start, Standard, Pro, and ECN. The Start account has no minimum deposit requirement and allows users to trade with up to 1000x leverage. The Standard account has a minimum deposit requirement of $100 and allows users to trade with up to 1000x leverage. The Pro account has a minimum deposit requirement of $5000 and allows users to trade with up to 500x leverage. The ECN account has a minimum deposit requirement of $1000 and allows users to trade with up to 200x leverage. The ECN account also has lower spreads and commissions than the other accounts.
- Trading Platforms: If you want to trade with a user-friendly, fast, and reliable platform that suits your device and preferences, you may prefer a broker that offers more trading platforms. SimpleFX provides clients with a web-based trading platform called SimpleFX WebTrader, which is fast, intuitive, and compatible with any device. It also offers native mobile apps for iOS and Android devices. MTrading provides clients with a desktop trading platform called MetaTrader 4 (MT4), which is one of the most popular and widely used platforms in the industry. It also offers web-based and mobile versions of MT4.
- Analytical Tools: If you want to enhance your trading performance and decision making with various tools and resources, you may prefer a broker that offers more analytical tools. SimpleFX offers various analytical tools for traders, such as live charts, indicators, drawing tools, news feed, trading signals, trading ideas, economic calendar, market analysis blog, dividend calendar, trading schedule changes, etc. MTrading also offers various analytical tools for traders, such as live charts, indicators, drawing tools, news feed, trading signals, trading ideas, economic calendar, market analysis blog etc.
These are some of the main factors that you may want to consider when comparing SimpleFX and MTrading. However, there may be other factors that are important to you as well. Therefore, you can also try out their demo accounts or read their reviews online to get a better feel of their services.
