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Yousef47
Within 1 year

Does Simplex Asset Management charge any undisclosed fees when making deposits or withdrawals?

Broker Issues
Simplex Asset Management
Fees and Spreads
03-28
United States
WikiFX
Reply

As an experienced trader who takes transparency extremely seriously, I always look for clearly published information about fees, particularly on deposits and withdrawals. With Simplex Asset Management, I've noted that despite their FSA regulation in Japan and a long-standing presence in the market, there isn’t any up-to-date or specific fee information available in the public domain or on their official website. Personally, I find this lack of clarity concerning. In my assessment, the absence of accessible, detailed fee schedules creates the risk of encountering unexpected charges, especially for something as critical as deposits or withdrawals. This aligns with user reports I’ve seen, specifically regarding unresolved withdrawal delays and insufficient customer service responses—which, for me, are red flags when it comes to financial reliability. Given my experience, I always recommend treating any missing information with appropriate caution. Unless Simplex Asset Management can provide written confirmation of their deposit and withdrawal fee policies prior to transferring funds, I would refrain from assuming there are no undisclosed charges. I believe a conservative approach is warranted until clear, official documentation is supplied directly by the broker.

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