• Company name: SimpleFX Ltd.
  • Registration/license: St Vincent and the Grenadines
  • Registration/license requirement: USD 2,000

Is SimpleFX a regulated forex broker or a scam?

no, SimpleFX broker is Non-Regulated Broker. It is NOT SAFE to trade.while we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.

SimpleFX is an offshore broker offering Forex and CFD trading. The company is owned and operated by SimpleFX Ltd., based and registered in the St. Vincent and the Grenadines.

It is a popular destination for forex brokers, because registration procedure is simple and low-cost and they face limited regulatory supervision, if any.

The contact phone numbers of Customer Support and Partnership department are British, although the firm is not authorized in the UK by FCA (Financial Conduct Authority).

That’s why we recommend to deal only with the regulated brokers, as they have strict regulatory standards and a number of requirements.

For obtaining an STP FCA license, the required capital for the broker to have is EUR 125,000. Also in order to get this type of license, the broker needs to have a physical office in the UK.

All clients of the FCA-regulated brokers are protected by the Financial Services Compensation Scheme.

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