Simple Wealth Fx Review

Read our Simple Wealth Fx review to see if we recommend this broker for trading. Just to clear doubts, this is a review.

Is Simple Wealth Fx 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, Simple Wealth Fx 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.

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 hundreds of dollars 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 Simple Wealth Fx 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 Simple Wealth Fx?

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 Simple Wealth Fx 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 Simple Wealth Fx, 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.

Simple Wealth Fx Review Conclusions

Making the Simple Wealth Fx 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 Simple Wealth Fx 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.

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  1. Simplewealthfx is nothing but a scam. I invested with them and when I went to withdraw my money they have given me nothing but the run around. I’ve had people from their so called finance Dept, swear at me,hang up on me. I’ve even had financial advisors swear at me and hang up. I’ve went to my bank and police and have registered them with the national fraud dept in our country. DON’T INVEST WIRH SIMPLEWEALTHFX …Please keep your hard earned money


    • Garry, did you get your money back? We live in Niagara area in Ontario. We were scammed out of a substantial amount of money. Any information would help.


      • Gary, Gail…

        I was scammed by them also, a large amount of money. I have kids and a family, it was devastating. I have reported it to the police, anti fraud authorities and international authorities. They are being investigated and hopefully will soon have to answer for their crimes. We all need to get together here and form a group to give these crooks what they deserve.


  2. Got scammed . Dealt with punks like Adam Barry and now this so called Don Jacobs. . They are trying to get more money out of me and to take down reviews. Please report them to the police and aby authorities in your region. Unfortunately I don’t think we will see our money back.


  3. Simple WealthFX stole $100k from my husband Retirement Fund. Husband Is in poor
    Health and this situation has made thing worst. These people are a band of thieves and scammer. We have them to police and credit card bank . I hope we can stop the criminals from stealing and manipulating honest and trusting people out of their hard earned money.

  4. Simple Wealth fx is not a legitimate investment company. This company is made up of thieves and scammers. Professional thieves and criminals convincing unsuspecting honest people to open an investment account and proceed to empty their account. My husband opened a small investment account on Zoom and the thieves empty his retirement fund. They refuse to return his money. What a way to earn a living, this career must make your family proud. Sean, Barry, Zane and Don SEND BACK OUR MONEY. Stop threatening me that your LEGAL TEAM WILL COME AFTER ME. GAIL

  5. Simplewwealthfx has also scammed me as well. I wanted to withdraw my money and naturally they won’t give it to me. First they wanted me to send them an etransfer to link my account to their blockchain account, I told them NO. I put in another request for withdrawal and they tried the same scam, again. So again I put in request and Zane Shelby told me the money in my account was in the market and the money showing in my account was the money that I earned and actually wasn’t mine? Another day, and another request, this time the guy I was talking to said that I was on the “do not call” list, we had words and was hung up on. Requested again and just got a call back, got sworn at, was told that my dead parents died because they didn’t like my face. Also told that is why I didn’t have kids(actually have 7 kids and 24 grandchildren and happily married). We argued for 25 mins and he told me that i needed a crypto wallet and then they would give me my money back. I have one but they said some BS about that they don’t accept funds so I told him to etransfer me the money and eventually he hung up. I’m going to keep bothering them, not for the money, but to keep them on the phone as long as I can so that they can’t scam anybody else while they are talking to me

    DO NOT INVEST IN THIS COMPANY. This company is the biggest fraud company around, warn your friends and your family, Make post on all social media platforms to save innocent people from these criminal acts. Report to your local police and international law agencies. They will build your trust and you deposit money and when you wanna withdraw that’s when things turn. I invested $50k and have been trying to withdraw and have been informed by Don there so called Customer Service Rep that I can only withdraw only $300 dollars due to the terms and conditions of the agreement. All of the money people deposit’s to these low life individuals goes directly into their pockets. We need to get these guys in jail as soon as possible…Don Jacob’s, Miles Grey, Michael Morris, Andy Wells, Steve Nelson and the lady answering the phone Rheva Gray all are criminals. I have reached out to many anti fraud companies and they are being investigated, They have been black listed as well. Please spread the word about these guys and have them answer for their crimes.


  7. Yes, we should form a group to make them accountable. I have also reported to police and anti fraud centre back in September. Not sure what else can be done. I am from Quebec. How else can we make these people accountable



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