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SimpleWealthFX

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Operating status: SCAM

Website: https://simplewealthfx.com/

Broker violations and abnormal records
  • 2023-11-26 The OSC issued a warning against SimpleWealthFX

    On 27 November 2023, the Ontario Securities Commission (OSC) issued a warning that SimpleWealthFX was providing financial services or products without authorisation. You may visit: https://www.osc.ca/en/investors/warnings/simplewealthfx

    On 27 November 2023, the Ontario Securities Commission (OSC) issued a warning that SimpleWealthFX was providing financial services or products without authorisation. You may visit: https://www.osc.ca/en/investors/warnings/simplewealthfx
  • 2023-11-30 BrokersView has Reviewed that ​SimpleWealthFX is an Unregulated Broker

    SimpleWealthFX claims to be a reliable company without presenting any information about its regulation. Their contact number belongs to Australia, Canada and the United Kingdom, we searched the Australian Securities & Investment Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC) and the United Kingdom Financial Conduct Authority (UK FCA), unfortunately there were no matching results. It is a red flag.

    The Ontario Securities Commission (OSC) issued a warning that SimpleWealthFX was providing finacial services or products without authorisation.

    The truth is that SimpleWealthFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    SimpleWealthFX is a scam.

    SimpleWealthFX claims to be a reliable company without presenting any information about its regulation. Their contact number belongs to Australia, Canada and the United Kingdom, we searched the Australian Securities & Investment Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC) and the United Kingdom Financial Conduct Authority (UK FCA), unfortunately there were no matching results. It is a red flag.The Ontario Securities Commission (OSC) issued a warning that SimpleWealthFX was providing finacial services or products without authorisation.The truth is that SimpleWealthFX is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.SimpleWealthFX is a scam.
  • 2024-01-31 The BCSC issues a warning against SimpleWealthFX

    On February 1, 2024, the British Columbia Securities Commission (BCSC) issued a warning against SimpleWealthFX, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/simplewealthfx

    On February 1, 2024, the British Columbia Securities Commission (BCSC) issued a warning against SimpleWealthFX, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC. https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/simplewealthfx

Related Complaints

Q&A

I want to know whether SimpleWealthFX is regulated or not. Thank you!

Iliyan Legkodukh
United Arab Emirates
2023-12-12
ANSWER SimpleWealthFX is an unregulated forex broker.Firstly, it has not provided any information about its regulatory status. This lack of transparency is a typical indicator of a scam.Secondly, it listed three phone numbers as hotlines on its website, respectively in the UK, Canada, and Australia. We searched for it in the relevant financial regulators'registries, but found no official records from these authorities to support this platform's legitimacy. This suggests that SimpleWealthFX likely does not possess any licenses.Lastly, the Ontario Securities Commission (OSC) has issued a warning against SimpleWealthFX, stating that it is not registered in Ontario to engage in the business of trading in securities. This further suggests that SimpleWealthFX is not safe.Consequently, SimpleWealthFX appears to be an unlicensed broker that poses significant risks to investors. Individuals trading with this platform may fall victim to fraud and identity theft, without regulatory protections in place. To mitigate such substantial risks, it is advisable to steer clear of SimpleWealthFX and other unlicensed brokers, and instead opt for those that are fully regulated and have solid reputations.
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