Simpson Venture Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: ABC Centre 500 North Michigan Ave 300 Chicago USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.svltd.com.
Opened my account with Simpson Venture Limited through a podcast recommendation 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: Competitive fees|Wide product range
Cons: No phone support on weekends
The reporting at Simpson Venture Limited is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Dividend tracking|Smooth onboarding|Segregated accounts|Risk management tools
Cons: Limited cryptocurrency options
If you are reading this considering Simpson Venture Limited - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over for nearly two years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Market news feed|Copy trading available|Automated trading options|Helpful community forum
Cons: No dark mode on mobile
I had high hopes for Simpson Venture Limited after hearing about them at a conference, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Multi-currency support|Social trading features
Cons: Wait times can be long during peak hours|No dark mode on mobile
The onboarding at Simpson Venture Limited was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Regular platform improvements|Fast support response
Cons: Withdrawal takes 1-2 business days|Charting tools need more indicators
I had a dispute with Simpson Venture Limited 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: Professional team|High security standards|Educational resources|Personal attention
Cons: Nothing significant|Website design could be more modern
I opened an account with Simpson Venture Limited for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Risk management tools|Tax reports included|Stable platform
Cons: Email notifications too frequent|No integrated tax optimization
I wanted to transfer my portfolio from another broker to Simpson Venture Limited. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Wide product range|Instant funding|Market news feed|Two-factor authentication
Cons: No integrated tax optimization
What really bothers me about Simpson Venture Limited is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after doing extensive research and I fell for the polished exterior. Never again.
Pros: Personal attention|Automated trading options|Competitive fees|Responsive team
Cons: Inactivity fee applies after 12 months|No phone support on weekends
The spread at Simpson Venture Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Risk management tools|Wide product range|Full transparency
Cons: Would like more payment methods|Help articles are sometimes vague