The Simplified FX Scam: A Breakdown
Simplified FX is a site that claims to be a trustworthy platform, providing trading access to over 40,000 instruments and prioritizing clients since 2016. However, our Simplified FX review reveals several issues.
Simplified FX Overview
- Company Name: Simplified FX
- Website: https://simplifiedfx.live/
- Address: 1066 Dove Lane, Garden City, New York, USA
- Regulation Status: Not Regulated
- Operating Since: 2024-09-26
- Warned By: Financial Conduct Authority (United Kingdom)
Registration vs Reality
- Claim: “Putting our clients first since 2016”
- Truth: WHOIS records show the domain was registered on September 26, 2024, so it is easy to see that their claims are not true.
The simple fact that their reality does not match their claims is a strategy used by many dubious platforms to develop trust with registrants.
FCA Warning and Regulatory Status
The UK’s Financial Conduct Authority (FCA) warned Simplified FX on February 7, 2025, that the broker might be offering services without permission.
Additionally:
- They had no regulatory oversight from the US SEC, CFTC, or FINRA.
- They hold no license from any global financial authority.
They give an address, “1066 Dove Lane, Garden City, New York”; they do not state any evidence regarding regulatory oversight. They pose a serious risk to investors.
Limited Payment Options & Bitcoin Risks
The platform does not allow common payment methods such as:
- Credit/Debit Cards
- Bank Transfers
They only take Bitcoin as a mode of payment, which is:
- Difficult to track
- Nearly impossible to recover in disputes.
This raises serious issues for victims seeking to retrieve their funds through the chargeback process.
Trustpilot Ratings and User Experiences
- TrustScore: 2.8 out of 5
- User Review: “Pure scam! Very shady because they won’t pay you back your funds.”
It seems from feedback on Trustpilot that Simplified FX is not only misleading but could do some damage to users in a financial sense.
Key Points We Covered in This Simplified FX Review
- False statement about the company’s start date
- FCA warns against Simplified FX
- No regulation by the US or worldwide financial bodies
- The only option for payment is Bitcoin – a huge red flag
- Unfavourable ratings and strange/ alarming reviews on Trustpilot.
Don’t Get Trapped — We’re Here to Help
At BrokersReviewer.com, we strive to find online trading platforms like Simplified Fx and to stop people from wasting their money.
If you, or anyone you know, has been victimized by the Simplified Fx scam, you don’t have to remain silent. We provide:
- Real broker reviews
- Red flag assessments
- Regulatory checks
- Funds recovery assistance
We want to help victims, identify misleading platforms, and create a safer online trading space.
Take action today – contact us to report your experience, or receive help for recovering your funds. We will support you through the entire process.
Let us assist you in your recovery with BrokersReviewer.com.
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