SimpleWealthFX Review 2023 – Is SimpleWealthFX legit or scam?

One of the main issues facing online trading and investing is a growing number of shady businesses acting as trustworthy brokers. Given the apparent fraudulent conduct that has lately exposed SimpleWealthFX, a comprehensive investigation is required. Using verifiable facts and data from reputable and trustworthy sources, we want to present an impartial assessment through our comprehensive SimpleWealthFX review.

SimpleFX Ltd, headquartered in St. Vincent and the Grenadines (SVG), stands as the official proprietor of the SimpleFX brokerage. Entering the forex market in 2014, the company claims to be an award-winning brokerage, showcasing its commitment to excellence. However, it’s essential to note that SimpleFX operates as an unregulated broker. Traders should exercise caution and conduct thorough research before engaging with unregulated entities. While the platform may offer trading services, the absence of regulatory oversight poses potential risks. Traders are advised to prioritize platforms regulated by reputable authorities to ensure a secure and transparent trading environment.

SimpleWealthFX Website –

Website Availability – Yes

Address shown – St. Vincent and Grenadines

Warned By – Ontario Securities Commission (Ontario)

Domain Age of SimpleWealthFX

Date RegisteredMay 24, 2023
Domain Age6 months, 7 days, 13 hours, 20 minutes, 49 seconds


Key Indicators to identify if SimpleWealthFX is a scam or not

Warning Signs: The Value of Rules and Permission

One glaring red flag highlighted in the SimpleWealthFX Review is a lack of appropriate regulation and licensing. Unscrupulous brokers often operate in the shadows, evading regulatory scrutiny. Lack of oversight raises questions about credibility and client asset safety, urging investors to exercise caution.

Negative Reviews and Scam Reports

According to the SimpleWealthFX Review, an increase in unfavorable customer reviews and scam reports is another important sign of possible fraud. These facts serve as a key warning sign emphasizing the risks of dealing with unregulated and unregistered brokers.

Safeguarding Your Wealth: Conducting Due Diligence

In the face of such risks, investors must guard their financial interests. The review emphasizes the importance of thorough due diligence when engaging with brokers, offering practical insights on protecting investments from potential fraud. As the online trading realm evolves, staying vigilant becomes the key to preserving financial well-being.

Victimized by the SimpleWealthFX scam? Get your lost money back!

If you are the one who got scammed by or other fraud, the best solution recommended for getting your lost money back is Report Scam Community

We are one of the few legit recovery assistance organizations that are concerned with a victim’s recovery from losses. We are a committed team of Recovery specialists who have already helped hundreds of scam victims in recovering their lost money. Report Scam provides free consultation and anyone can register by filling out a very short complaint form.

Also, to prevent yourself from scams like – Forex scams, Binary scams, Romance/Dating scams, Cryptocurrency scams, or any other scams, you should pick a broker or company regulated by some major regulators like FCA, FINMA, SEC, FMA, ASIC, etc. Check the reviews of brokers and also read the policies and terms and conditions.

Read about Chargebacks

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Note: The SimpleWealthFX review written above is influenced by the other SimpleWealthFX reviews already present on the web. We are not liable for any legal action from the company. In case of any query please mail us at

You can Trust Report Scam Community! as we have experience!