Quote from: capoeira on May 26, 2020, 01:21:41 PM

Quote from: romjpn on May 26, 2020, 09:56:14 AM

Anyone using SimpleFX with relatively large amount for a long time? I've tested them for 1 month with a medium amount and haven't detected any bad thing happening so far. Some people seem really angry at them on ForexPeaceArmy though. There was also that BCH huge dump fiasco apparently.
I'm currently hesitating between Evolve Markets and SimpleFX.

wow. I just checked their FPA page. this is new to me.
On the other hand there doesn't seam to be a scam accustation (where you have to provide proof)?

I really like their platform and the fact that you can do everything in BTC without any KYC hassle is really nice. People were super angry at them because they reverted some BCH shorts due to allegedly "problems with their liquidity providers". I've also seen complaints about the affiliate system, as someone referred someone else but from the same family, resulting in them using the same IP. SimpleFX didn't like it apparently.
The good side is that they've been around since 2014, they've won several prizes. They even pay you positive swaps sometimes.
The questionable side is: unregulated because crypto (not even by a small country or small independent organization), you can't find the CEO's name (contrary to say... Bitmex) and if you're caught in the limbo of their dispute system you basically have no further recourse. Some people also say that their FB page looks like it's populated by bot "likes" instead of real people. You can check their Twitter page for example and you'll see much fewer followers Shocked

.
So many mixed feelings Undecided

Evolve seems like they're the same kind of company (same country, no CEO name etc.) but have fewer people attacking them online, that's about it.

romjpn

Posts

Merits