SimpleFX is a Forex broker that provides the MetaTrader 4 and online trading top platforms. It offers over 55 Forex pairs, Cryptocurrencies, CFDs, Indices, Commodities, and Precious Metals for personal investment and trading options.
Is SimpleFX A Regulated Broker?
SimpleFX claims to be registered as an International Business Company in St. Vincent and the Grenadines. But as per our research, it has not received any license from any well-known financial regulator entity and is also running anonymously. Hence, it is an unregulated broker.
Is It Safe To Invest With SimpleFX?
The main problem in dealing with an offshore and unregulated firm like SimpleFX is the security of your money. It has been noticed that right after the investment, the broker freezes the account of traders preventing them from login back in. Hence, it is strictly recommended to refrain from trading with SimpleFX.
How To Recover Your Amount Scammed By SimpleFX?
If under any circumstances, you have been scammed by SimpleFX, you can avail of the services of funds recovery companies listed with us. They will take the measure steps to recover your money.