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How much time does it usually take for Simplex Asset Management to complete a withdrawal to either a bank account or an e-wallet?

Broker Issues
Simplex Asset Management
Withdrawal
Deposit
08-03
United States
WikiFX
Reply

Speaking from my experience and after carefully examining the available information, I’ve found that Simplex Asset Management does not provide clear or specific details regarding their withdrawal processing times for bank accounts or e-wallets. For me, the absence of transparent timelines is concerning, as clarity in fund withdrawals is fundamental to evaluating any brokerage. I’ve also come across a user review mentioning persistent withdrawal delays and customer service that wasn’t forthcoming, which adds to my overall cautious stance. As someone who values prompt access to funds and reliable communication, such reports would make me hesitant to proceed without further investigation. While the broker is regulated by Japan’s Financial Services Agency and has been operating for over 15 years, regulation alone doesn’t automatically guarantee frictionless withdrawals or swift transaction processing. In my view, given these mixed experiences and the lack of explicit policy disclosures, I would approach withdrawals with Simplex Asset Management conservatively. Personally, I would expect possible delays and would always recommend confirming all withdrawal procedures directly with the company—ideally in writing—before entrusting them with significant capital. For me, this level of caution is simply prudent, especially in the current financial landscape.

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