Wikilix
Contract reading

What SIMPLEFX legally published, but does not want you to read

Every clause below is published by SIMPLEFX itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: 8tech PA LLC LTD

hidden feesole discretiondormancywithdrawalsjurisdictionprofit voidingunilateral amendmentclient moneycomplaintsconclusive evidence

SimpleFX charges $20 a month once an account sits idle for 90 days, while its own pages promise no account maintenance fees. Money left behind when an account closes goes to charities the company picks. It can cancel your trades whenever it decides you abused a rule, and it settles complaints about itself using its own server logs. You contract with 8tech PA LLC LTD in Panama, sue only in Panama courts, and the same contract refuses clients who live there.

Back to SIMPLEFX

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
36
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
5

How the 15 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning9
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$20Fee on an unused account. Jump to the clause this comes from.$20 a month after 90 days without a tradeCritical30 daysTime to complain. Jump to the clause this comes from.SimpleFX judges complaints against itself and its logs decideCritical4%Account limit. Jump to the clause this comes from.You owe the shortfall if the account falls below zero$20In the contract. Jump to the clause this comes from.No maintenance fees in three languages, $20 in the contract

What the documents say

15 clauses worth knowing about, worst first, each quoted from SIMPLEFX's own files

01

Leave your account without a trade for 90 days and SimpleFX can take $20 every month out of your balance. Clause 9.6.2 says the deduction happens at the company's own discretion.

In plain words

Dormancy means an account left unused.

Why this matters

A small balance disappears fast. If your money cannot cover the fee, clause 9.6.3 lets SimpleFX close your open positions to collect what it says you owe.

Exhibit 1CriticalHarder than usual$20

In the event that there is no activity in your Account/s for a set period of at least ninety (90) calendar days we will regard your Accounts to be "dormant"
Clause 9.6 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026$20 a month after 90 days without a trade (clause 9.6)Visit this page on the broker's siteDownload the full size image file

What it costsA $100 balance left untouched loses $20 a month. After five months of silence the account is empty, without a single trade.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must set out all costs and charges to a retail client before they trade. SimpleFX puts this fee in clause 9.6 of the agreement, and its own pages say there are no account maintenance fees.

SIMPLEFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 90The account is treated as dormant after 90 calendar days with no activity.9.6
First day of the next monthA $20 monthly fee is taken from the balance at the company's discretion.9.6.2
Balance cannot pay the feeOpen positions are closed to satisfy the debt.9.6.3
Fee still unpaidThe account may be closed and the agreement ended.20.8
  • Worse together with Exhibit 2The fee shrinks the balance until it is too small to withdraw, and the next clause keeps what is left.
02

Miss the withdrawal window in your closing notice and clause 20.4 stops SimpleFX from giving the money back. Clause 20.4.1 sends it to charities listed on the company website.

Why this matters

A balance too small to cover the withdrawal fee never comes back to you either. Neither route needs your agreement, and the contract sets no floor on the amount.

Exhibit 2CriticalRarely seen

- return of funds to the Customer that are insufficient to cover minimum withdrawal fees
Clause 20.4 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026Money left behind goes to charities SimpleFX picks (clause 20.4)Visit this page on the broker's siteDownload the full size image file

Our readingUnclaimed client money normally stays on the firm's books or passes to the state under unclaimed property rules, where an owner can still claim it. Sending it to charities the firm chooses puts your balance somewhere you cannot ask for it back.

  • Only applies after Exhibit 1The dormancy fee is what turns a live balance into one too small to withdraw.
03

SimpleFX can correct or cancel any of your trades whenever it decides you abused a rule. Clauses 16.6 to 16.8 cover pricing errors, abuse of negative balance protection, and opening several accounts to get past a leverage limit. The company decides, and no clause asks it for proof.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

A manifest error means an obvious mistake by the broker.

Why this matters

Profit from a cancelled trade goes back to SimpleFX. Terms of Business clause 8.16 then refuses any complaint about what you did with that profit while you had it.

Exhibit 3CriticalHarder than usual

The Company is entitled to correct and even cancel some or all of Real Customers Transactions if the Company decides that those Transactions were concluded upon the Manifest Error.
Clause 16.6 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026Trades cancelled when SimpleFX decides you abused a rule (clause 16.6)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 4The company cancels the trade, and the same document blocks the complaint about the cancellation.
04

Your complaint about a trade goes to SimpleFX, and the company picks how to settle it. Terms of Business clause 8.7 makes its own server log the deciding evidence. Clause 8.6 lets it refuse a complaint over the words you used.

Why this matters

You wait up to 30 days for an answer from the company you are complaining about. The contract names no independent scheme, and clause 8.10 leaves anything it does not list to the company's discretion.

Exhibit 4CriticalHarder than usual30 days

The Server Log‐File is the most reliable source of information in a case of any Dispute. The Server Log‐File has the absolute priority over other arguments including the Client Terminal Log‐File.
Clause Terms of Business 8.7 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026SimpleFX judges complaints against itself and its logs decide (clause Terms of Business 8.7)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), FSCA (South Africa)

Firms licensed by the FCA, CySEC or the FSCA must give a retail client access to an independent ombudsman once the firm's own answer is given. This contract names no outside body, and clause 8.9 lets SimpleFX choose the method of resolution.

SIMPLEFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

05

SimpleFX closes your positions once your equity drops under 30% of the margin the trade needs. That is not a limit on your loss. Terms of Business clause 7.3 makes you pay a negative balance in full and at once, and clause 15.10 adds 4% over the central bank rate for every day it stands.

Why this matters

You can walk away from a closed account owing SimpleFX money. Clause 15.10 calls all debts legally enforceable and runs interest until you pay. The contract mentions negative balance protection only as something you can be accused of abusing.

Exhibit 5CriticalHarder than usual4%

If the actions described in clauses 7.1 and 7.2 of these Terms of Business have resulted in a negative Trading Account Equity, the Customer shall be liable for the loss and must make a payment of the full and total amount due immediately.
Clause Terms of Business 7.3 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026You owe the shortfall if the account falls below zero (clause Terms of Business 7.3)This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA, or operating under the ESMA measures, must give retail CFD clients negative balance protection, so a client cannot lose more than the money in the account. This contract puts the shortfall on you, with interest.

SIMPLEFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Equity under 30% of marginSimpleFX closes any or all positions with no consent and no notice.14.6
Account below zeroYou must pay the full amount due immediately.Terms of Business 7.3
Amount unpaidInterest runs at the central bank rate plus 4% a year for each day it is unpaid.15.10
  • Worse together with Exhibit 3The only place negative balance protection appears is clause 16.7, which lets the company cancel trades it says abused it.
06

The English, Spanish and French pages all promise no fees or commissions. Clause 9.6.1 charges $20 a month on any account left idle for 90 days.

Why this matters

You choose a broker on the page you can read. The promise is in your language, and the fee that empties a small balance is in an English PDF you have to open and search.

Exhibit 6Warning$20

Dormant account owners may be obliged to pay additional fee of 20$(twenty dollars) monthly in case of lack of activity on the account
Clause 9.6.1 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026The claim, on English home page, under the heading "What does SimpleFX cost? Are there fees?"This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of simplefx.com, taken on Aug 24, 2026What the contract says, clause 9.6.1This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
  • Same clause as Exhibit 1Both rest on clause 9.6.1, one as a cost and one as a promise the cost contradicts.

SimpleFX owes you no account of what your trading cost you

Clause 9.3 of the SimpleFX agreement removes any duty to tell you about profit, commission or other payment the company makes out of your transactions. Clause 9.5 says third parties are paid through widened spreads, so the cost sits inside your price, and clause 15.4 takes all payment charges from your balance.

Cost disclosure2 clauses flagged

"Deposits are free" is the promise on the home page. Clause 15.4 takes all payment charges from your trading account, and clause 15.6 keeps the right to add a charge on card payments.

Why this matters

The amount that lands in your account is not the amount you sent. Clause 10.1 also lets SimpleFX convert your currency at a rate it sets itself, with no notice to you.

Exhibit 7WarningHarder than usual

The Company shall debit the Real Customer’s Trading Account for all payment charges.
Clause 15.4 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference

SimpleFX does not have to tell you what it made out of your trading. Clause 9.3 removes that duty. Clause 9.5 says it pays third parties through widened spreads, which is money taken inside the price you get.

In plain words

Remuneration means payments it receives.

Why this matters

A cost inside the price never appears as a fee on your statement. Nothing in the contract makes SimpleFX publish what it paid, or to whom.

Exhibit 8WarningHarder than usual

the Company will not be under any obligation to disclose to, or to account to the Real Customer for, any profit, benefit, commission or other remuneration made or received by the Company by reason of any Transaction or investment
Clause 9.3 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose the costs of a service and any payment received from a third party to a retail client. Clause 9.3 removes that duty from this contract.

SIMPLEFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 7One clause takes the charges from your balance, the other removes the duty to itemise them.

The SimpleFX withdrawal clock starts only once it accepts

Clause 15.3 gives SimpleFX five business days to pay a withdrawal, counted from the moment it accepts the instruction, and nothing in the contract limits how long accepting takes. Clause 7.6 lets it refuse to serve you without giving reasons, and clause 15.6 pays out by bank transfer only.

Getting paid out1 clause flagged

SimpleFX pays a withdrawal within five business days of accepting your instruction. Clause 15.3 sets no deadline for the accepting itself.

Why this matters

Your money can sit in the account while the request waits, and the five days have not started. Clause 7.6 lets SimpleFX refuse to serve you without giving reasons, and clause 28.1 lets it suspend the account with or without notice.

Exhibit 9WarningHarder than usual5 working days

If the Real Customer gives an instruction to withdraw funds from the Trading Account, the Company shall pay the specified amount within five Business Days once the instruction has been accepted
Clause 15.3 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Our own capture of simplefx.com, taken on Aug 24, 2026The claim, on English home page, answer to "What does SimpleFX cost? Are there fees?"This capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of simplefx.com, taken on Aug 24, 2026What the contract says, clause 15.6Visit this page on the broker's siteDownload the full size image file

SimpleFX can change the deal, and the loss can exceed your deposit

A stop out at 30% of margin does not cap your loss: Terms of Business clause 7.3 makes you pay any shortfall at once, and clause 15.10 charges 4% over the central bank rate until you do. Clause 20.1 lets SimpleFX rewrite the terms and notify you five business days after the change, and clause I.3 refuses residents of Panama and Mauritius, where its own companies sit.

Unilateral power2 clauses flagged

SimpleFX can rewrite the agreement at any time and tell you five business days after the change, under clause 20.1. The new terms reach positions you already opened.

Why this matters

Notice counts as delivered one hour after the company posts it on its news page. You are treated as informed whether you saw it or not.

Exhibit 10WarningHarder than usual5 working days

The Real Customer acknowledges that the Company has the right to modify the terms of the Operative Agreements at any time giving to the Real Customer five Business Days Written Notice after such changes.
Clause 20.1 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference

Residents of Panama and Mauritius cannot use SimpleFX, and a SimpleFX company sits in each. Clause I.3 also bars Germany, Italy, Poland, Romania, Switzerland, Singapore and Israel.

Why this matters

You sign a Panama law contract with a Panama company that will not take Panama clients. If your country is on the list, the service was never offered to you, whatever the signup form accepted.

Exhibit 11WarningRarely seen

residents of Afghanistan, Belarus, Central African Republic, Cuba, Eritrea, Germany, Guam, Guinea Bissau, Iran (Islamic Republic of), Iraq, Israel, Italy, Lebanon, Mali, Mauritius, Myanmar, Namibia, North Korea, Pakistan, Panama Poland, Puerto Rico, Romania, Russia, Saint Vincent and the Grenadines, Singapore, Somalia, South Sudan, Sudan, Switzerland, Syria, Ukraine regions of Crimea, Donetsk, and Luhansk, United States Minor Outlying Islands, Venezuela, Virgin Islands (U.S.), Yemen, Zimbabwe.
Clause I.3 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference

Our readingBanned country lists normally follow sanctions and licensing limits. A list that rules out the jurisdictions where the group's own companies are registered, including the one whose courts you must use, is unusual.

  • Worse together with Exhibit 12The forum you must sue in is the country whose residents the contract turns away.

Claims against SimpleFX belong to the courts of Panama

Clause 29.2 gives the courts of Panama exclusive jurisdiction and has you promise not to call that forum inconvenient. Clause 1.2 applies Panama law whether or not you accepted the terms, and clause 28.6 lets SimpleFX hand your contract to another company.

Where you sue1 clause flagged

Any claim against SimpleFX goes to the courts of Panama, and clause 29.2 has you give up every objection to that. Clause 1.2 applies Panama law whether or not you accepted the terms.

Why this matters

Suing means paying lawyers in Panama over a claim the size of your account. Clause 28.6 also lets SimpleFX pass your contract to another company, ten business days after notice counts as received.

Exhibit 12WarningStandard wording

(d) agrees not to claim that such proceedings have been brought in an inconvenient forum or that such court does not have jurisdiction over the Real Customer.
Clause 29.2 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference

SimpleFX need not check that an order really came from you

Clause 5.4 lets SimpleFX act on any instruction that appears to come from you, with no enquiry into the identity of the person sending it. Clause 5.5 extends that to email and fax, and the result binds you.

Who gets believed1 clause flagged

SimpleFX can act on any instruction that looks like it came from you, without checking who sent it. Clause 5.4 says no enquiry into identity is needed, and clause 5.5 covers email and fax.

Why this matters

A trade placed by somebody using your email is still your trade, and you carry the result. The clause puts the risk of an impersonation on you.

Exhibit 14WarningHarder than usual

The Real Customer authorizes the Company to rely and act on any Instruction or other communication received from the Real Customer which purports to have been given by the Real Customer or on behalf of the Real Customer without further enquiry on the part of the Company as to the authenticity, genuineness, authority or identity of the person giving or purporting to give such
Clause 5.4 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference

SimpleFX can be your counterparty and quote the price too

Clause 8.1 of the SimpleFX agreement allows the company to sell to you or buy from you for its own account, so your loss can be its gain. Terms of Business clause 5.5 says quotes may be set in its absolute discretion, and clause 8.2 records your consent to all of it in advance.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Who you trade against1 clause flagged

The company may sell to you or buy from you for its own account, under clause 8.1. Terms of Business clause 5.5 says quotes may be set by SimpleFX in its absolute discretion.

Why this matters

Your loss can be the company's gain on the same trade. Clause 8.2 records your agreement in advance that it can act this way without telling you first.

Exhibit 13WarningHarder than usual

dealing in the Instrument concerned as principal for the Company’s account by selling to or buying the Instrument from the Real Customer;
Clause 8.1 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must manage a conflict of this kind and take sufficient steps to get the best result for a retail order, rather than rely on consent. This contract asks for the consent up front.

SIMPLEFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The SimpleFX contract is with a Panama company formed in 2026

The agreement on the SimpleFX legal page is with 8tech PA LLC LTD, company number 0004-IBC-2026, and names no regulator and no compensation scheme in 33 pages. The FSCA licence 53073 shown on the about page belongs to 8TECH ZA (PTY) LTD in South Africa, and clause 6.3 allows your money to be held outside Panama with no liability if that firm fails.

Who you contract with1 clause flagged

The agreement names 8tech PA LLC LTD, company number 0004-IBC-2026, as the company you contract with. It names no regulator and no compensation scheme anywhere in its 33 pages.

Why this matters

Your money can be held outside Panama, or passed to another broker, and clause 6.3 says SimpleFX is not liable if that firm fails. A licence held by one company in the group does not cover another.

Exhibit 15NoticeStandard wording

This Customer Agreement specifies the relationship between 8tech PA LLC LTD. (hereinafter called the "Company") and Customer who has completed the "Application to Open a Margin Trading Account" Form ("Real Customer").
Clause I.1 in Terms of Use and Customer Agreement
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC hold retail money in segregated accounts and belong to a compensation scheme that pays a capped amount if the firm fails. This contract names no such scheme.

SIMPLEFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The home page rules out account maintenance fees, and the agreement charges $20 a month on an idle account.

Said in public, in English

SimpleFX uses a spreads-only pricing model with no commissions on opening or closing trades and no account-maintenance fees.

English home page, under the heading "What does SimpleFX cost? Are there fees?"

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of simplefx.com

In the contract · clause 9.6.1

Dormant account owners may be obliged to pay additional fee of 20$(twenty dollars) monthly in case of lack of activity on the account

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of simplefx.com

02

The Spanish page promises no commissions, while the English agreement it links to charges $20 a month on an idle account.

Said in public, in Spanish

Sin comisiones ni depósitos mínimos

Word for word in English: No commissions or minimum deposits

Spanish language page, banner above the legal document list

In the contract · clause 9.6.1

Dormant account owners may be obliged to pay additional fee of 20$(twenty dollars) monthly in case of lack of activity on the account

03

The French page promises no fees, and the agreement charges $20 a month once an account sits idle for 90 days.

Said in public, in French

Pas de frais et pas de dépôt minimum

Word for word in English: No fees and no minimum deposit

French language page, banner above the legal document list

In the contract · clause 9.6.1

Dormant account owners may be obliged to pay additional fee of 20$(twenty dollars) monthly in case of lack of activity on the account

04

Deposits are advertised as free while the contract puts every payment charge on your account.

Said in public, in English

Deposits are free.

English home page, answer to "What does SimpleFX cost? Are there fees?"

In the contract · clause 15.4

The Company shall debit the Real Customer’s Trading Account for all payment charges.

05

The home page offers a choice of withdrawal methods, and the agreement pays out by bank transfer only.

Said in public, in English

Withdrawal fees are low and vary by method.

English home page, answer to "What does SimpleFX cost? Are there fees?"

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of simplefx.com

In the contract · clause 15.6

All payments subject to the terms of clause 15 are made by bank transfer.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of simplefx.com

The documents this reading is based on

36 files, all published by SIMPLEFX. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording SIMPLEFX publishes.

How this reading was done

Every clause above was read out of a document SIMPLEFX publishes itself

This reading was published on .

Documents
1 of 36downloaded from the broker's site, and one read in full
Pages opened
36pages walked to find those documents, footer links included
Older copies
8earlier versions downloaded, 1 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says
Languages
EN vs ES vs FRthe language it advertises in, against the language it contracts in

Who the contract is with

8tech PA LLC LTD

The agreement published as the general "Terms of Use and Customer Agreement" is with 8tech PA LLC LTD, company number 0004-IBC-2026, registered at Central Street, Kunaisa Bldg., Nurrá-Wala-Mortí, Kuna de Wargandí Territory, Republic of Panama. That is the company you contract with, and clause 1.2 puts the relationship under Panama law. Two other companies appear on the same legal page with their own document sets: 8Tech Ltd in Mauritius and 8TECH ZA (PTY) LTD in South Africa. The FSCA licence number 53073 shown on the SimpleFX about page belongs to the South African company. The Panama agreement names no regulator and no compensation scheme in its 33 pages, and clause I.3 refuses service to residents of Panama and Mauritius.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The legal page groups every document by the company it belongs to, so you can see which of the three SimpleFX entities each policy covers. Most brokers publish one undated pile. The agreement carries its own date, 12 July 2026, and states the stop out level as a number, 30% of margin, instead of leaving it to discretion. Clause 14.3 gives you five business days of notice before margin requirements change. Terms of Business clauses 8.21 and 8.23 commit the company to pay you the difference when its own error, or a wrong liquidation, costs you money. The risk warning on the home page carries a real figure, 78% of retail accounts losing money, in every language version we opened.

We read one document in full: the Customer Agreement dated 12 July 2026, which contains the Terms of Business. Every quotation here comes from it. We could not read the text of the other 32 documents. The files download but will not give up their words, and the site answered with a "Page not found" screen when we asked for them directly. So we did not read the AML policy, the due diligence procedure, the refund policy, the risk warning, the leverage and rollover tables, the affiliation agreement, the legal notice, the cookie policy, the Earn and AI TradeMate terms, or any of the Mauritius and South African documents, including both complaints policies, both conflict of interest policies, the client money policy and the best execution policy. Nothing in this report rests on them. We found two further documents ourselves, the bonus terms behind the promotions page, and could not read those either, so we say nothing about the three bonuses the site advertises. We read the promotions page and the Spanish and French pages on the site itself. Of the older copies from July 2025, one, the PAIA guide, is the same file as today's. The older South African client agreement opened only as scrambled characters, so we used it for background and quoted nothing from it, and we could not open today's copies of those South African files to compare them.

How to check any of this yourself

Every quote above links to the SIMPLEFX file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document SIMPLEFX publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge SIMPLEFX on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Aug 24, 2026.

If you represent SIMPLEFX and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on SIMPLEFX. Whether its licence is real and current is a separate check on the broker profile.

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