Can SimpleFX.com be trusted ? | Bitcointalksearch.org

hahahafr

hero member

Activity: 938

Merit: 501

I saw that thread, and i am still reading all the posts in here, it is incredible, i never thought that they were going to be scam.

I had more than $2000 in SimpleFX, but i withdrew them a long time ago when i stopped trading on forex, because i switched to altcoin trading because it was more profitable for me (in those times)

And i never had any problems with them so far, but in the last time, they were processing the withdrawals very slow, i dont know why they have turned scam but well, it seems that a lot of people lost a lot of money because of those thieves.

Quote from: gaminn on December 05, 2017, 05:41:19 PM

Account deleted, lost 80 000 USD. More here https://bitcointalksearch.org/topic/warning-simplefx-account-deleted-lost-80-000-usd-2470593

gaminn

newbie

Activity: 18

Merit: 0

Account deleted, lost 80 000 USD. More here https://bitcointalksearch.org/topic/warning-simplefx-account-deleted-lost-80-000-usd-2470593

ReLieD

sr. member

Activity: 546

Merit: 255

Can't actually comment anything right now . There are people who are complaining stuffs about the site but on the other hand they are reverting back and giving possible solutions or atleast giving a valid answer to that. Why will SCAMMERS even want to revert back after scamming someone. So this point is stopping me from actually saying something about this.

zckeles

full member

Activity: 175

Merit: 100

Quote from: SimpleFX on November 17, 2017, 10:03:01 AM

Quote from: zckeles on November 13, 2017, 04:38:10 PM

Simplefx is scam

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.
Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our Bitcoin Cash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we were forced to cancel all BCH trades placed after the above-mentioned time.

Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

i think simplefx is scam! This problem was not technical! they took almost .5 btc!

zckeles

full member

Activity: 175

Merit: 100

i think simplefx is scam! This problem not technical! they took almost .5 btc!

Blake_Last

sr. member

Activity: 518

Merit: 278

SimpleFX is actually one of the few trusted exchanges in my opinion. They've been in business since 2015 and honestly, I have never read a complaint against them that they were unable to resolve. Additionally, they are also one of the unique exchanges that always make a giveaway to their members every month with their non-farm payroll forecast contest. If they are only after your money, they won't be doing such contest continuously for almost 2 straight years and for free, without obligating their members the need to trade before they can participate.

SimpleFX

full member

Activity: 616

Merit: 103

SimpleFX.com - Free Trading & Investing App

Quote from: zckeles on November 13, 2017, 04:38:10 PM

Simplefx is scam

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.
Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our Bitcoin Cash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we were forced to cancel all BCH trades placed after the above-mentioned time.

Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

avp2306

sr. member

Activity: 1022

Merit: 363

Quote from: squatter on November 13, 2017, 05:28:39 PM

Quote from: zckeles on November 13, 2017, 04:38:10 PM

Simplefx is scam

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.
Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

Wow, that is very shady. It looks like they got overrun by profitable trades during the Bitcoin Cash rally over the past couple days. As a bucket shop, they weren't able to repair their own position and feared that the market would continue rallying. As such, they cancelled all trades and aren't paying out any of the profits people made.

I've suspected for years that SimpleFX is a bucket shop that bets against its traders rather than hedging its traders' positions on the market like a real broker. This further confirms my suspicions.

Stay away from this place!

In some matters simpleFX is one of the good in the oldest trading site where we can choose for but for seeing the sad/bad experiences of some guys like you then I think I will be more careful upon having a huge trade on this site or maybe I will just use the liquid trusted cryptocurrency exchange that have a good stand upon trading liquidity.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: zckeles on November 13, 2017, 04:38:10 PM

Simplefx is scam

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.
Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

Wow, that is very shady. It looks like they got overrun by profitable trades during the Bitcoin Cash rally over the past couple days. As a bucket shop, they weren't able to repair their own position and feared that the market would continue rallying. As such, they cancelled all trades and aren't paying out any of the profits people made.

I've suspected for years that SimpleFX is a bucket shop that bets against its traders rather than hedging its traders' positions on the market like a real broker. This further confirms my suspicions.

Stay away from this place!

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: pcoin on October 11, 2016, 01:43:47 PM

SimpleFX.com adverts appears on almost any website that can display banner and that is an added advantage to the cryptocoin community but the question is can this site be trusted especially with huge amount of funds like their competitors that has fiats as their major deposit?

This people has been in business for long and to me they can be trusted. Simplex. com is one of the leading forex brokers that accepts bitcoin and other cryptocurrency.

zckeles

full member

Activity: 175

Merit: 100

Simplefx is scam

We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our BitcoinCash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we are forced to cancel all BCH trades placed after the above-mentioned time.
Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.

ricku

full member

Activity: 210

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: Oilacris on October 15, 2016, 08:30:19 AM

Quote from: pcoin on October 15, 2016, 04:37:39 AM

Quote from: mace15 on October 15, 2016, 04:25:34 AM

SimpleFX.com works for many years already. Its a trusted
site and a legit one. Many traders uses the site simplefx.
Its a site were you can earn really.

I know they are legit but your review is too flirting because fxsimple is also a site you can really loose your money, since fx market is high liquidity market, everybody should trade with caution.

Correct, even its a reputable trading site but it wouldnt guarantee you to make money easily as he mentioned. As you said each trader should trade with caution because you may possible loss your money in no time even how reputable the trading site is.

Yes but i am now thinking on how to make money with fx trading than whether fxsimple is legit or not because they are legit.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: pcoin on October 15, 2016, 04:37:39 AM

Quote from: mace15 on October 15, 2016, 04:25:34 AM

SimpleFX.com works for many years already. Its a trusted
site and a legit one. Many traders uses the site simplefx.
Its a site were you can earn really.

I know they are legit but your review is too flirting because fxsimple is also a site you can really loose your money, since fx market is high liquidity market, everybody should trade with caution.

Correct, even its a reputable trading site but it wouldnt guarantee you to make money easily as he mentioned. As you said each trader should trade with caution because you may possible loss your money in no time even how reputable the trading site is.

SANALIU

full member

Activity: 126

Merit: 100

simplefx dot com is enough trusted but not high level truested
in there you can trading use meta trader 4, you can trading forex and bitcoin
in there support deposit and withdraw use bitcoin

pcoin

sr. member

Activity: 364

Merit: 250

Quote from: mace15 on October 15, 2016, 04:25:34 AM

SimpleFX.com works for many years already. Its a trusted
site and a legit one. Many traders uses the site simplefx.
Its a site were you can earn really.

I know they are legit but your review is too flirting because fxsimple is also a site you can really loose your money, since fx market is high liquidity market, everybody should trade with caution.

mace15

hero member

Activity: 1428

Merit: 506

SimpleFX.com works for many years already. Its a trusted
site and a legit one. Many traders uses the site simplefx.
Its a site were you can earn really.

veleten

legendary

Activity: 2016

Merit: 1106

seeing that they have been on since ,at least May 2015 and there are no problems with the site and no scam accusations against them
I would say they are legit
exercise usual caution though,as with any forex broker or online exchange
mind you,being legit is a process
scam is finite

pcoin

sr. member

Activity: 364

Merit: 250

Congratulations ricke for solving your problem with fxsimple real quick.
Happy trading.

ricku

full member

Activity: 210

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: mobnepal on October 13, 2016, 01:09:49 AM

I have tried their platform for smaller amount of bitcoin and all seems working depositing, withdraw and trading. But i am still trying to figure out using metatrader trading platform and i like that simplefx supports metatrader integration. I think they are legit but yet to try them with bigger funds.

Yes, they are legit, i am trading only on the metatrader platform and it is working great.

mobnepal

legendary

Activity: 1218

Merit: 1006

I have tried their platform for smaller amount of bitcoin and all seems working depositing, withdraw and trading. But i am still trying to figure out using metatrader trading platform and i like that simplefx supports metatrader integration. I think they are legit but yet to try them with bigger funds.

Topic: Can SimpleFX.com be trusted ? (Read 2711 times)