WikiFX

Reply

As an experienced trader who prioritizes transparency and fee structure when assessing any broker, I found Simplex Asset Management’s lack of fee disclosure to be a significant limitation in my due diligence process. Despite the firm being regulated by Japan’s Financial Services Agency (FSA)—a point that usually implies a reasonable degree of client protection—their official materials and available third-party resources do not provide any concrete information about commissions, spreads, or other transaction costs. This absence makes it difficult for me to estimate trading or investment expenses upfront or to compare Simplex Asset Management fairly with brokers where such details are clear and accessible. Based on my own strict standards as a trader managing risk and keeping costs predictable, this ambiguity is concerning. Knowing the precise cost structure is fundamental for anyone involved in forex or asset management, as even small, hidden fees can have a cumulative impact on investment returns over time. This is particularly important in forex and managed asset products, where spreads and management fees can vary widely. Given the constraints, I personally would not proceed with opening an account or allocating significant capital here until I received full, written disclosure on all fees directly from the firm. While regulatory status in Japan provides some reassurance, I have learned to always clarify every cost detail to avoid surprises that could affect my results. Caution and full transparency remain my non-negotiable priorities.