SimpleFX

Its a good broker if you want to trade using Bitcoins as an electronic wallet. Spread on BTCUSD is way too high but for me that’s fine as I don’t trade that pair. I only use Bitcoin for deposit/withdraw.
Sometimes it seems volume is lower when comparing SimpleFX with bigger brokers, so the price won’t move as much as it should.
In short: a good broker for Bitcoin users. If you want to trade using fiat money then I believe there are better brokers out there.

WARNING: TO FOREX AND CRYPTO TRADERS. SIMPLEFX IS A MAJOR SCAM. ONCE YOU START MAKING BIG PROFITS THEY FREEZE YOUR ACCOUNT AND MAKE EXCUSES FOR THEIR BEHAVIOR AND PATTERN OF ABUSE CITING POLICY. TOP FOREX TRADERS ARE SPEAKING OUT ! DONT BE FOOLED ! BEWARE AND RUN FROM THIS COMPANY.

This company is simply awesome. Majority of the offshore based Forex companies does not have real time classy support and glitch free systems.
The icing on the cake comes when your withdrawal is instant. And with Crypto currency deposits no verification is required. Absolutely nothing hidden here. I urge everyone to support these types of company to make living decently.

I’ve been using SimpleFX for well over 2 years. At first I was leery about going with an FX broker who allowed me to set up an account with only an email address and fund with Bitcoin. No lengthy application/verification period, nothing. But I gave them the benefit of the doubt and signed on.

To cut to the chase, I’ve gotten FAR better service, order execution, funding/withdrawal reliability/speed and performance from them than ANY conventional broker I’ve ever used. I’ve been in FX for well over 12+ years. I’ve used many others, and EVERY single one of them have given me problems or issues. Not SimpleFX. Not one single time. I’ve recommended dozens of traders to them since then, and every single one is happy.

They’ve fully earned my trust and I hope they keep up the good work.

Good Broker.

The previous negative reviews are from when their liquidity provided failed to update their quotes when Bitcoin Cash crashed 50% so they sold Bitcoin Cash at nearly double the current price. The LP didn’t honor the trades (obviously) and neither did SimpleFX.

The Swap was charged at 0:00 GMT for the longest time but the recently changed it. I withdrew several thousand several times and it got paid within several hours every time (even on weekends).

Pretty good overall. Just don’t use their app. It has one click trading by default and I accidentally closed a few trades more than once.

In November they confiscated profits on Bitcoin Cash (35 000 USD). Lately they started to investigate many profitable users, subsequently they deleted accounts. I lost another 80 000 USD. The reason of closing my account was “it is not allowed to perform any trades at SimpleFX that would stem from the sheer urge of exploiting any temporary inaccuracy or any delay in quoted prices”. They canceled all trades from July. “As a result of the violation of point 8.24 b, we had no other choice but to intervene in accordance with point 8.9 of our Terms of Business (CFD) and cancel all your transactions that took place within the following period of time: 18.07.2017 – 10.11.2017. ” Nothing violated in reality, they just got rid off profitable traders.

Have been using SimpleFX for months with little or no issues until 11-12-17 when SimpleFX fully reversed closed trades from the previous day. Taking my profits my initial monies and the margin that I was utilizing essentially wiping my account of all funds. They claim they had issues with their liquidity provider and those trades would no longer be valid. On the day in question I opened and closed all my trades before they froze their exchange. Freezing the exchange is fine if they can’t make good on trades they shouldn’t allow them to be opened and closed but to go back 24 hours later and clear accounts because they lost money is not how an exchange works. Their customer service and support team have only responded with the template response that they are looking into it and point to their user agreement basically saying this can happen at any time. If you are looking for an exchange avoid SimpleFX. I was lucky to only have .4 btc taken but I’m sure many more with much larger accounts were affected too so beware. Also i do hope I can come back and update this review with how awesome they were for rectifying this situation and making good on their job. Here is to hoping

I’m using their platform and I have to admit that quality of this service is quite decent. Very fast order execution, quite intuitive and simple web platform and really helpful and profesional support. I can recommend their service based on my so far experience. But I need more time to see how it really goes.

Unethical Broker, the worst experience with deleted trades.
If you check btctalk forum or threads in here and other forus you will only find that many friends have found excuses by them for removing every profitable trade with different poor excuses every time .

They recently made impossible to take back your money for Greek and Cyprus residents, and I guess for all other European as well, by removing the Skrill/Neteller option which was the very last !
they have no card option!

Stay away from this broker.
They stole money by deleting trades!
They disappear everything they wish in their platform!
Consultants are already after them for many cases but they are unregulated and it is difficult to stop them

This is absolute joke, I deposited funds to open small trade, given all details for back ground which then showed my account is 100% verified. Now 3 weeks later they closed my trade and suspended my account saying my account isn’t verified and now it’s showing withdrawal requested, where is the money gona go?

They’ve blocked my account with 2 ethers in my wallet 18!!! days ago. I don’t even understand what the reason is because they just ask me to provide documentation for ZRX tokens that i had bought on idex exchange and then sold on simpleFX about two months ago. They can see all the operations on etherscan if they want. And despite of my instant answer and attached screenshots there is still no answer from support. Awful service.

I reached out taylorbrennan@consultant,com to help me recover my money back from this company , after reading a review here about how he helped recover money. I have successfully gotten all my money back from this company and I will advise everyone to stay away from them. Please don’t deposit money with them

I reached out taylorbrennan@consultant,com to help me recover my money back from this company , after reading a review here about how he helped recover money. I have successfully gotten all my money back from this company and I will advise everyone to stay away from them. Please don’t deposit money with them

took all my money they were the most trader I thought to be reliable but they didn’t prove their self worthy of the title because I sold my car to trade with them hoping I was going to get a better car after making profit from the trade business but they vanished after a month of trading with them I didn’t hear from their representatives

I’ve wanted clean and fast withdrawal, but they not only held the request for many days (about a week), not only sent the money to bank account (not to PayPal, as originally funded), not only charged me the 20$ fee on the top of the 150 +/- I withaw, but in final I have received in my bank account further deducted amount of 101.35 USD… 50% less in final from the original amount. Seriously? What a joke… Of course – never again.

I invested almost 100K USD a couple of years back. It grew to 350K and now back down to 51K which is totally acceptable because of the markets. What isn’t understandable is that I’ve been trying to withdraw my money for the last month to no avail. I really don’t know what to do.

Definitely the the most trustworthy Forex broker any trader can easily use and love, I started enjoying everything about this broker well since i actually started earning money with them 6 months ago. My mentor taught me the Fib Fusion Strategy which i have been using to make thousands of dollars weekly i recommend this broker and strategy to every trader

If you truly want to make profits in trading binary options and cryptocurrency then you will have to contact an expert trader
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Binary Options can be very lucrative and the reason why is because you don’t need that much capital to buy the equivalent share value on the normal stock exchange, so you can buy more of expensive stocks that you otherwise couldn’t afford normally. The thing is, you should treat them as you would any other trade, the principles are the same, the only issue I find is that it’s harder to determine what your exposure is because of the way they are set up. So if you don’t know what you’re doing, you could be burned very hard, but that goes for any type of trading, I don’t think Binary Option deserve to be picked out in particular. There is no better instrument out there for people with small accounts that want to make big gains quickly, but that does come at a cost if you don’t manage your trades properly. Contact Mrs Louisa Rox to help you out with account management and let her trade on your behalf WhatsApp + 1(772)2426212

simpleFX is a good exchange.
Perhaps the most convenient interface of all exchanges known to me.
Low commission on trade.
Responsive tech support.
I have never delayed the withdrawal of funds.
Among the shortcomings: for some coins high commission for withdrawal.

at the moment I have only one complain – a long withdrawal time for stable coins . At least, for DAI. Really, long and undpredictable. SimpleFXhas the biggest volume in DAI pairs but the withdrawal times for DAI are really long. This is not related to problems of ETH network, no. Please, make it faster. At least for users who are fully verified ! Thank you.

Good exchange, good trading fees/rebates.

Locked my funds for mandatory KYC with no warning, so I was without my funds for about 5 days getting everything sorted out. Response was a little slow but they verified me and unlocked my funds. Will be back to trade more.

I have been exchanging e-mails about KYC for over a month!
However it is still frozen! !
Do not be silly! !
Unfreeze my account! ! !
If the account freezing is not canceled, I will continue to write! ! ! ! !
If you can withdraw funds, delete the submitted personal information!

Lost a transaction trying to convert to the wrong currency. It’s been 2 months and still have not received my money back. Tried emailing Simplefx several times with no response since the initial response over 2 months ago.

When should I expect this update?

Don’t even think about using this scam exchange. They may allow small transactions, but anything above 0.5 ETH and they will steal it. This is NO BS. Do NOT use. You’ve been warned. I am still waiting since FEB 2018 for them to process my eth deposit. Use Binance, Bittrex or similar. The positive or neutral reviews here are all fake, and paid for by the scam exchange SimpleFX.

my SimpleFX account not login , but this is my language problem and short out by hindi translate by google translate, before 62 minuts a mail came by hit btc,
RUN AWAY from SimpleFX .
I havent been able to access my account for more than 2 months. The support is very bad. It does not give alternatives. It is a chain of emails to try to solve the problem, but if you dont get it, you are on 4 legs and HB behind you. Every time a different person reads the message sent, but does not bother to read the previous conversation with another operator, so you never know solve your problem. I identify myself but they do not return my account. They always make you be in a circle of emails. Well, right now I think they dont want to solve it, they have stolen my coins.
SimpleFX greedy. Are not commissions enough? Returns accounts to users who identify themselves as me.

I’m not able to withdraw my funds due to ‘Currency operations not available’. When I raised the issue with SimpleFX support nearly a month ago, they requested me to provided KYC docs. Everything was provided. I have not heard from them for a couple of weeks now. They do not reply to my queries. I find this unacceptable.

Update:
It took SimpleFX about a month to schedule a skype interview. Once interview was completed my account was unlocked in one business day. Overall, through the account verification process SimpleFX team behaved quite professionally. There just was a lack of communication, that’s why I put just 4 stars.

Dear, good support service, in terms of attention, but the problem itself beyond that which has been resolved, I am concerned because I was more than 20 days without the coins I deposited (DIM) and lost money, they did everything possible to solve my problem .. so I agree
and I appreciate your help
regards

When i checked for review before opening an account I was discouraged by some comments mentioning extremely high commissions.

Somebody hacked my account and stole all my funds. Fortunately, I just had few hundreds in Bitcoin Private that I could not buy on many exchanges. Apparently, it was possible to withdraw funds without any verification. I wrote several support tickets and they haven’t replied yet (and I doubt they will do that!).
Untruthful and without support. Certainly, not a first choice!

A lot of people lost their funds and they are starting legal actions

I am satisfied with most trading systems.
But they locked my wallet for AML / KYC reasons.
I can not make transactions even though I have never done illegal acts.
About two months after my wallet is locked, I see a loss of $ 500,000 worth.
I sent you my last email more than 2 weeks ago but I do not get an answer.
I know that the SimpleFX Exchange does not make any compensation.
Just solve my problem quickly.

They prey on people using aggressive marketing tactics and an impossible refund policy.
Along with a cult following and semi internet famous people endorsing their product this is a
complete and utter money trap.
I fought for my investment with the help of a good recovery firm for 2months and got back my investment last month. you reach me on the above mail.I was also help let them help you too.

awful platform, i do not even want to give 1 star. it is total SCAM. There is always loads and loads of technical issues, they do not admit or take responsibilities. you can not open or close trades. Charts do not work.
if you are really eager to trade Forex, find better platforms such as TD and IG, which everything is better than this exchange. or you will not see your money back ever again, just disappear in the thin air of this exhcange. or if you do not care about your money, use this one

I was told about Alam Sufia by a someone close to me, From the start she aid me with everything and has always been there anytime I need any knowledge concerning trade. There wasn’t a moment where I felt off-track. +”177”-“860”-“809”-“07”

After withdrawing funds (transaction ID:2169274) I received a notification informing me that my withdrawal request had been placed on hold pending additional information and to check my email for details. No email received after 72 hours. As a verified account holder I fail to see what additional information is needed. After opening a customer service ‘ticket’ an email was received cheerily informing me that due to the exhcange pi$$ poor performance they have an extraordinarily high rate of inquiries from disgruntled customers and I’d have to wait a mere 7 days for a response.

Knowing Alam Sufia has been a blessing to Me, there’s no doubt about the fact that she is the best ever. I just take out my return from my last trade, knowing her has been a great advantage for me, I can’t be so selfish to keep this blessing to myself alone for I know lots of people are suffering in the wrong hand +”177”-“860”-“809”-“07”

Took an interest in crypto recently and after investigating online, setup an account based on it being a recommended platform to source preferred currency. After setup, verification and deposit, discovered they do not host most crypto’s (incl the one I wanted) and that I would be slugged with a $5 withdrawal fee despite having conducted no trades. Two weeks since raising a ticket, waiting on resolution – buyer beware, service is terribly slow.

From my previous experience its not that easy to get back a stolen bitcoin because these scammers are very smart and they will cover their tracks but if you manage to find a trustworthy and reliable Recovery company, I said trustworthy and reliable because many scammers are out there disguising as Recovery agents and will only take your money without recovering your bitcoin, I was a victim of such myself after loosing my bitcoin to an investment scam I sort for help and I met few recovery agents and was scammed by a particular one again. Luckily for me I was referred to a company on telegram. You can send a complaint mail to fightingscams(@)AOL{.}com, he should be able to help you. They Recovered my stolen bitcoin after risking a token to their Recovery program. It was worth it at the end

I have many problems happen with me during trading. I opend sell nzdusd currency and suddenly they close the trade and hit my sl within the sl didnt reach at all when contact them they have like robotic reply it’s pointer move quickly and close the trade while the chart show opposit
and they dont show you the any prove also I open sell on esp35 and they close my trade

Absolute cowboys. Froze my account asking for further personal details. I provided these and 2 weeks later account is still frozen with no communication. Bare in mind I had open positions. Can’t help but wonder that it might have been because my account was approx 100% in profit. Obviously they hedge your positions and wasn’t having so much fun with me.

Frustrated at my frozen account I asked for the account to be closed. It’s now 19th November 2020 and eToro still haven’t returned my money since October 12th 2020.

The issue for refund has been opened for 4 months.
They won’t help you to resolve the issue. Customer Service will send an email to you with same templated messages and same reason. They won’t cooperate to resolve the issue. This is for second review.

Can you help me with the ticket number 01346534 Its been 12 days with no reply. Not sure if you need new corporate customers or not. I am now having doubts whether to open a corporate account with you or not, if this is how its going to be in futur

Have you got yourself involved in a cryptocurrency scam? if yes, you are not alone. I was a victim of a bitcoin exchange scam that cost me all my bitcoins. I was really devastated until I came across a blog that suggested fightingscams at aol dot com an expert that specializes in recovering of fradulent stolen asset which I did contact. To my surprice they recovered all my stolen bitcoins.

Wish I could be more enlighten! They will call you incessantly just to get you to deposit a small amount. That’s how they hook you in. Eventually they’ll ask you increase it so you can get “more out of the investment”.. All lies.. they just vanish after you’re dried up. My health and relationships suffered greatly due to this. Good news was that I managed to get my money back. I’m no pro but I’m fine sharing my experience to help others out there. I advise everyone affected to get in touch with pote1956 on telegram, Sometimes a little guidance can make all the difference.

ecovery companies are established with only one aim and objective which is to put a beautiful smile on Scam victim faces.
After I lost exactly 4btc, I came here for answers on how to recover my lost coins and I was directed to a recovery company where I filed a complaint and provided all information clearly showing I got scammed. They succeeded in putting a very beautiful smile on my face because I was able to recover my lost btc. I urge you to reach via Leolucas714 At*protonmail .com today if you’re willing to get back stolen or lost btc/funds.

Thanks to consultancy and recovery experts like Chasescam.com for referring me to Simple FX. I’m currently in profit with them but if anything goes wrong Chasescam.com will always help me recover my investment and profit as they did with my previous broker.

They have all the instruments you need to trade global markets. Competitive pricing, deep liquidity & fast execution. I read these bad opinions and I think it is probably the competition that writes such nonsense. I have three months of positive experiences as well as on several other platforms.

Two months ago I decided to try trading with this broker. In a couple of days, I have already raised my profit by $ 350, I trade with small investments so far, in order to gain experience and not take risks. For managing positions in the platform, everything is thought out to the smallest detail. I can trade stocks and commodities a lot of currency pairs. As long as trading is going well and without any problems.

This site is a good option for crypto trading. I have been working with this broker for half a year. There are practically no downsides. In general, conditions for trading have been created here, one might say, comfortable. Huge selection of tools. Money is withdrawn quickly. I love that you can trade on weekends. I’m not trying to trade on little-known coins yet.

beyond poor. If you make money they will create a reason to strip you of the profit. They are not a platform but trade directly with you. If you make a profit they lose, its in their interest to stop you from gaining. rather trade with ethical platforms.

Easy to use app, relatively intuitive. Starting out it takes a bit of time to work out how much you are paying for the privilege of buying into a product. Plus there are perhaps fewer of the smaller ‘niche’ products on offer but overall I think I have had a better experience with etoro than others have had with some other platforms