Best Simplex Market has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Opened my account with Best Simplex Market after my brother mentioned them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Reliable uptime|Segregated accounts|Regular updates|Easy to use platform
Cons: Currency conversion fee exists
I want to warn everyone about Best Simplex Market. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
KYC with Best Simplex Market is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Portfolio tracking tools|Detailed reporting|Dividend tracking
Cons: No fractional shares
The only good thing about Best Simplex Market is that they remind you why regulation matters. I found them after seeing their ad online. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Helpful community forum|Intuitive for beginners|Reliable uptime|Economic calendar
Cons: No dark mode on mobile|Currency conversion fee exists
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Best Simplex Market has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
My withdrawal from Best Simplex Market was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a couple of months now of being strung along.
Pros: Two-factor authentication|Fast execution|Intuitive for beginners
Cons: Limited social trading features
I trusted Best Simplex Market with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Two-factor authentication|Tax reports included|Smooth onboarding|Instant funding
Cons: Inactivity fee applies after 12 months|Cannot customize dashboard fully