Cryptocurrency Exchanges

Simpletradex

1.5 (14 reviews)
🇬🇧 United Kingdom
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1.5
14 reviews
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About Simpletradex

Simpletradex 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.

Customer Reviews

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No 2FA when I signed up

J
Jessica S.
1 weeks ago

Do not be fooled by the professional-looking website. Behind the scenes, Simpletradex is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Smooth onboarding|Quick verification|Instant funding

Cons: No live chat on mobile|No integrated tax optimization

Do your due diligence first

A
Anna S.
1 months ago

I looked into Simpletradex and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Pros: Information is publicly available for verification

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Trust broken beyond repair

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Mia R.
2 months ago

Opened my account with Simpletradex from a blog post comparing services 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: Comprehensive tools|Reliable uptime

Cons: Cannot customize dashboard fully|Email notifications too frequent

Documents rejected repeatedly

O
Oliver K.
2 months ago

Simpletradex changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Multi-currency support|Real-time alerts|Clear documentation|Fast deposits

Cons: No fractional shares

Not fit for purpose

A
Adrian O.
3 months ago

I had a dispute with Simpletradex and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Clean UI|Demo account available|Smooth onboarding

Cons: Research section could be deeper|Slow to add new assets

Amateur hour at Simpletradex

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Amber V.
3 months ago

Simpletradex has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Multi-device support|Intuitive for beginners|Instant funding

Cons: Cannot customize dashboard fully

They are hiding something

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Nathan Y.
4 months ago

Simpletradex offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Multi-currency support|Intuitive for beginners|Customizable dashboard|Wide product range

Cons: Cannot customize dashboard fully

Rejected my profitable withdrawal

M
Monica C.
4 months ago

I experienced a security concern with my Simpletradex account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Dedicated account manager|Responsive team|Multiple order types

Cons: Email notifications too frequent|Minor UI glitches occasionally

Something doesn't add up here

C
Catherine N.
5 months ago

I was about to invest with Simpletradex but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.

Cons: Flagged by Financial Conduct Authority|Cannot verify credentials

Lost my investment - DO NOT TRUST

J
James J.
5 months ago

I was contacted by Simpletradex through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

Pros: Initially responsive customer service

Cons: Withdrawal fees demanded|Communication cut off|Not authorized