Read our Simplii Cryptos review to see if we recommend this broker for trading. Just to clear doubts, this is a simpliicryptos.com review.
Is Simplii Cryptos Legit?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.
So, Simplii Cryptos is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Simplii Cryptos reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back Simplii Cryptos?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Simplii Cryptos reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Simplii Cryptos, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Simplii Cryptos Review Conclusions
Making the Simplii Cryptos review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Simplii Cryptos review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I want to get my money back from Simpliicryptos
They took my money 250$ USD
and My account went to 307$ USD
I ask my money back and they never sent money don’t answer my email and is not possible to reach them. They were rude and do not return my money SCAM
Can you help me, Joanne Pépin
agent; [email protected]
(1/5)
I rated the Simpliicryptos firm one star because I can’t rate them zero! This is an absolute scam. They pretend to invest money for you and show the great performance of your investments on a dashboard but sometimes the open trades disappear because they are in the red and never show up in the history. They call and email frequently to push you to invest more but if you ever want to withdraw any money, they refer you to a liquidity agent who tries to encourage you not to withdraw anything or if you insist, they will want you to send them a 10% “levy” of your entire portfolio value, which includes their own money in the account, BEFORE they will process your withdrawal request, unless you have made at least 200 trades on your account. The Ts&Cs don’t say that, only that it will be charged on your account. I did not do that because I feared I would lose that money as well. I have read that they NEVER allow you to withdraw your money. As such, I am not hopeful of seeing my money again ever. They changed their name to Simplii-Cryptos recently but the rest of the website is identical.
Stay away from this firm, they are fraudsters.
(1/5)
THIS IS A SCAM. They stole over 7,000$ from my mom without her permission. They also somehow hacked our computer accessed my banking information through our computer and took money from my account. I had no contact with them whatsoever. We both had to cancel all of our debit and credit cards.
(1/5)
Hi Liza; I sympathise with what you experienced with this company. Another comment stated that the company has gone a name change to Simplii-Cryptos.I wonder what the previous name was. Why can’t outfits like this be investigated and charged by fraud squads.
(1/5)
I am sitting here waiting for a phone call from Ryan (or whoever) from Simplii-Cryptos to ask for more investment deposit. A phone call which I am sure will never come. How did this come about? My philosophy is to never invest what you cannot afford to lose. My wife was very keen on the ad about investing with Elon Musk (I thought it was bogus). She said it only required an initial investment of 250 USD, and we could make enough in a couple of years to live totally debt-free. To me, debt is useful. You use other people’s money to acquire assets which deliver more than the cost of the debt. I sat in on an earlier call with Ryan, the Simplii-Cryptos broker and understood that they portray as an unregulated forex broker, high risk but not illegal. So as I waited for this new call, I poked around the website. Superficially, it looks ok. But the policy documents on the company page are from a blogger’s website (Crypto FM) and do not carry the company name. The withdrawal button requires you to accept the policies, but the links to the documents do not exist. When I tried a withdrawal of 100 USD the bitcoin trading account stopped trading, and of course the withdrawal got hung up. Curiously, neither my wife or I can find where our initial deposit transaction occurred, nor are we missing any funds. Very curious. Well what do you know! It is now 20 minutes after the call time and no call. I told my wife if they did not call on time, it would be a sure sign Simplii-Cryptos is a scam.
(1/5)
This is a scam for sure.
I did invest the first $250 and a day later someone call me and try to make me invest in 3 options. One at 2500, one at 5000 and one at 10000$.
I took the first option and knew pretty well that I could afford to loose that money.
The first 2 weeks they (Harvey Bradshaw)were calling me every two days and the trading was going well.
Got 5500 in my account in 2 weeks….but then another scammer(Rocco)was introduce to me and came with another plan at 25000, 50000, and 100000.
For sure I told them that it will never happen….
Now they started to be a littke bit rude and me too.
3 days no call….then they came back with another offer and I would be millionnaire in a few month….what a bunch of looser.
I told them noway…..since that time no more call, no trading from them.
So I try to do a withdrawal ,but it is impossible. I email and call..no answer
Total scam witch should not be allowed on facebook and the like.
I think I was fortunate in that my $250 US didn’t go through. Like this article says I had the initial interview and then was connected to a professional. I said why bother talking to me with a value of 250? Anyways he went on with his speal and at the end I was advised that $2500.00 was the minimum to invest. I said no way and haven’t heard any more.
FRAUD I fell for this scam deposited $250 CAN TO US $320 then a manager talked me into depositing $2500 which I did (mistake) they asked for more $ I refused to add any more the relationship changed they began ignoring my emails to withdraw funds. for the past 3 weeks I’ve requesting to withdraw With no success when I log into the simpliicryptos website at this time it doesn’t open it gives me an “ERROR PAGE”. so dissapointed at myself for falling for this scam. this is the most unforgettably disturbing thing that happened to me. (to all of us)
My heart goes out to you. Did you not mean $250 US? Mine was $250US to $347CA. On the news someone got taken for 6 or 7 million. I sure consider myself lucky it didn’t go through. I’m also of the opinion that the bad people of this world have become the majority.
My dad got scammed by Simplii Cryptos for $250 American. He answered an add on Facebook. The guy whose name was “Alex” supposedly opened a trading wallet for my dad. My dad never even opened his own wallet. I know now that was the best thing he could have done! My dad got sick of dealing with “Alex” and decided to pass his “account” on to me. When I got the link to his website through his email I just got an error code, so I googled his site Simplii Cryptos and found this article among other warnings that it was a scam. I exchanged a few emails with “Alex” and asked him for my dad’s money back and he told me I had to open my own crypto wallet to receive the funds. I opened a wallet with Kraken but didn’t deposit any money and just asked a customer service representative how I should deal with this guy. They were amazing and very helpful. They told me to contact my local police department and they closed my account. I have since contacted the RCMP, the Canadian Anti Fraud Agency, The Identity Theft Service or Equifax and Transinion. The credit card that was used is closed and we are in the process of applying to get our money back from the credit card company. I fully documented every email between “Alex” and I and I have requested the money back from him on multiple occasions. I have no doubt we will be credited the money back from the credit card company. Simplii Cryptos is a complete and total scam and my next step will be to report them to the Better Business Bureau. I am giving them zero stars because they suck and should be put in prison!
I agree with you wholeheartedly! Prison would be the best place for the bunch of them!
Lori
I actually gave them basically the same review on another site and “Alex” had the nerve to call me and ask me to take it down. He said he would refund my dad’s money if I did. The next day the money was deposited back on his visa. He threatened me that if I didn’t take my review down that he would write a response and I would probably be in legal trouble or some kind of garbage. He was mad because he said he just sent half an hour answering questions because he was being investigated because of what I had said in my review. That’s not why, it’s because I reported him to the Canadian Anti fraud agency and the RCMP. They are the ones investigating him because I took action not because I wrote a review. Although, this article is absolutely right, they don’t like being called out on their bs! If they think their scam is in danger because people are reading bad reviews they get mad. I’m lucky I got my dads money back but these people are bad people. They even kept calling my dad after he got his money back. Pretty ballsy! All I can say is report them to whoever you can and absolutely go to your credit card company and you will get your money back. If you didn’t receive any service for your payment you are entitled to your money back. Even if you signed some kind of agreement. It’s fraud plain and simple. You are getting nothing in return for your money. Also never open a crypto wallet if they ask you to! They can access all your information through there! I was told this by the Anti fraud Agency and the credit card company. I hope this helps anyone who reads this. Don’t just give up, get back what’s yours. The more people that do the less power these losers have!
Hey Danielle,
Where did you leave a review that “Alex” saw so quickly. I’d love to do the same.
Absolute criminals, they take as much as they can, pretend they are giving the money back and never do:
Craig Hudson
Rick Howard
Harvey Bradshaw
Daniel Salts.
Now use the term simplii-cryptos.
Report them to FBI!
(1/5)
IF THERE WAS A “0” I WOULD HAVE RATED A “0”. I GOT SCAMMED FOR A FEW GRAND!! THEY COME ACROSS AS THESE OVERLY NICE PEOPLE INTERESTED IN GETTING TO KNOW YOU AND YOUR FAMILY ETC ETC! THEY ARE DIGGING FOR YOUR INFORMATION! I ASKED TO MAKE A WITHDRAWAL AND THERE WAS ALWAYS AN EXCUSE FOR WHY I COULDN’T GET THE MONEY RIGHT AWAY. FOR MONTHS THIS WENT ON. TELLING ME THAT IT WAS ALL IN THE MAREKT AND IT WOULD TAKE TIME TO LIQUIDATE. DIDN’T HEAR A WORD FOR WEEKS THEN GET A CALL FROM A TOTALLY DIFFERENT GUY AND HIS SIDE KICK. TRUST ME HE SAYS THAT HE IS ON THE BOARD OF DIRECTORS AND IS GOING TO REPRIMAND ALL THE FOLKS THAT WERE LOOKING AFTER MY ACCOUNT PREVIOUSLY! BULLS*&T!! INSTEAD OF OFFERING ME THE WITHDRAWAL I WANTED HE ASKED FOR MORE MONEY AND ALMOST HAD ME HOOK LINE AND SINKER UNTIL I GOT SMART AND STARTED READING OTHERS REVIEWS! IF IT HAD OF BEEN TRUE I WOULD HAVE BEEN OFFERED MY WITHDRAWAL FIRST AND FOR MOST. UNFORTUNATELY THEY GOT AWAY WITH A FEW GRAND BUT MY INFORMATION HAS BEEN SECURED AND I AM ALSO REPORTING THEM TO EVERY AND ALL SITES FOR FRAUDULENT ACTIVITIES.
(1/5)
After reading all these I now know I have been completely scammed by Warren, Rocco, Harvey etc.. they just keep asking for money to get your money out and it keeps adding up .. I will start building my claims now .. anyone have suggestions for me as I live in Canada .. Do I email RCMP ??
Craig Hudson
Rick Howard
Harvey Bradshaw
Daniel Salts
Harvey Bradshaw even swore over the phone yesterday and then said if I want he will just not deal with this anymore .. that’s what got me thinking
I will start my procedures
Lisa
(1/5)