SimpleFX has launched its First Trade Insurance promotion, designed to provide eligible clients with additional support when making their first trading move. Under the campaign, participants who experience a qualifying loss on their first trade can receive a credit bonus matching the loss amount, up to a maximum of $300.
The promotion is available to eligible participants who have not previously opened a trading position on any SimpleFX account. To participate, users must complete the opt-in process through the Promotions tab, complete KYC verification, make a new deposit of at least $20, and open their first trade during the promotion period.
The First Trade Insurance mechanism is structured as an automatic credit bonus system. If the qualifying first trade closes at a loss, the participant receives a credit bonus equal to the loss amount, subject to the $300 maximum cap. The credit bonus is applied to the eligible trading account after verification and can be used for trading activities according to SimpleFX platform rules.
Key promotion details:
- Promotion period: July 8, 2026, to August 12, 2026.
- Available only for participants’ first qualifying losing trade.
- Maximum credit bonus: $300.
- One-time use per participant.
- Requires a minimum new deposit of $20.
- Credit bonus is not cash and cannot be directly withdrawn.
- The promotion is subject to applicable terms and conditions.
The qualifying losing trade must meet the promotion requirements, including being closed during the promotion period and satisfying the conditions outlined in the official campaign rules. Participants remain responsible for understanding trading risks and applicable platform requirements.
SimpleFX
SimpleFX is a trading platform organizing promotional campaigns for eligible clients through its platform, including the First Trade Insurance promotion.
Check the broker listings for more promotions or information about current trading offers.
| Feature |  SimpleFX Since 2014 |
|---|---|
| Rating | ★☆☆☆☆ |
| Regulation | FSA (Saint Vincent and the Grenadines), FSC (Mauritius) |
| Min Deposit | $1 |
| Typical Spread | 0.80 |
| Leverage (Max) | 1:1000 |
| Platforms | MT4, Mobile, Proprietary |
| Instruments | Commodities, Cryptos, Indices, Forex, Metals, Stock CFDs |
| Bonus | Yes |
| Robo Trading Allowed | Yes |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Action | Read Review |
SimpleFX
Since 2014
