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Simex is a cryptocurrency exchange and investment platform offering lucrative terms and an affiliate program.
Cryptocurrency exchange
Official website
Social media
Date of foundation
Head Office
2300 W Sahara Avenue, Suite 400, Las Vegas, NV 89102
Types of support
Support by phone
English, Chinese, Indonesian, Russian, etc.
Age restrictions
From 18 years
Number of cryptocurrencies
Margin Trading
Tokenized assets
Free Demo Account
Types of accounts
Execution of orders
Market Execution (at market price)
Methods of replenishment
Mastercard, Qiwi, VISA, Alfa-Click, Euroset, Payment order, Promsvyazbank, Sberbank OnLine, Svyaznoy, Yandex.Money
Withdrawal methods
Mastercard, VISA, Bank transfer, Yandex.Money
Account currencies
RUB, USD, Cryptocurrency
Types of cryptocurrencies
Bitcoin, Ethereum, Revain, GoldMint
Mobile applications
No mobile apps available
Trader training
A way to store cryptocurrencies
Cold: yes
Hot: no
Fiat accounts
Stop Loss and Take Profit Function
Exchangeability for fiat currencies
Terminal capabilities
Working with indicators, graphical tools
24 hour statistics
Additional features
Investment opportunity
Basic verification
Extended AML verification
Affiliate Program
Registration4 types of affiliate rewards
Advantageous conditions for cooperation
High margin
Promptness and convenience of investing funds
The ability to resell shares in the project to other users
Easy withdrawal of earnings
Simple and intuitive interface
Russian interface
Balance replenishment from payment systems and Mastercard/Visa plastic cards
Security protocols ensure confidentiality
Not many supported cryptocurrencies
Complicated verification procedure
Company requisites
Overall assessment
Date of update
    More on that
    2300 W Sahara Avenue, Suite 400, Las Vegas, NV 89102

    Simex is this a scam? Reviews and description

    Published: December 4, 2019 Updated: 20 February 2023

    Simex is not just an ordinary exchangebut also as an investment platform. The project appeared on the Russian market in 2016 and quickly gained popularity.

    In our review we will look at the main features implemented by the company and find out whether Simex is a scam or a reliable project.

    Simex - is it a scam? Reviews


    Why Simex?

    Simex is a platform for direct investments in the projects of the economy market, namely in manufacturing enterprises, start-ups, as well as operating businesses. The investment platform provides an opportunity to invest in liquid companies, which have been selected by the vote of investors and verified by the site staff for the reliability and liquidity of the information provided. The site itself has a multilingual interface, which indicates the orientation to the international market. The offices are located in different countries, including Russia.

    Features of

    The platform has the following functions:

    • legal support for completed transactions;
    • accepting investments in online mode;
    • evaluation and audit of investment projects;
    • support for investment projects;
    • distribution of dividends from investment projects.

    The exchange works with the following cryptocurrencies: Bitcoin, Etherium, Revain and GoldMint. Purchase and sale of cryptocurrencies is carried out through a convenient and clear trading platform. The functionality of the terminal has all the necessary tools for trading:

    • chart with current quotes;
    • trades made by other traders;
    • the history of transactions for the last 24 hours;
    • glass with warrants;
    • updated statistics.

    To start trading, you need to click on the "Exchange" button and select a trading pair from the presented options. To start working with investment tokens, you should go to the tab "Equity". It is important to study the rate fluctuations on the chart in advance, so the user can take advantage of the Trading View features. Under the customizable chart there are forms for creating orders to sell and buy coins. The user only needs to specify the amount of coins and the cost per coin. The service will automatically calculate the value including the commission.

    Execution of the order will be carried out immediately after the user accepts the conditions. If the necessary order will be absent, the request can be partially executed, and the remaining part of the order will remain hanging in the glass. If desired, the trader can cancel the order.

    Cryptocurrency trading on the Simex exchange

    In addition to cryptocurrency trading, the exchange allows you to invest assets in other projects. To do this, you need to open a page with the project and read the basic information about it.


    On the page you can vote for the project or make an investment. It is worth bearing in mind that while the project is at the stage of collecting investments, it will not be possible to return the money invested. Then the client will be able to resell his share at the auction. If the organization is unable to raise the required amount of investment, the invested funds are returned to the client's balance. Users also have the opportunity to place their own projects. A total of three types of projects are envisaged:

    • charitable - has a non-profit basis;
    • Crowdinvesting - investments are received for business development, and the client in turn receives dividends;
    • Go to public - attracting investors to go to the stock exchange.

    Among the main features of the site are:

    • high margin;
    • the possibility of investing a minimum amount of investment;
    • convenient way to deposit and withdraw;
    • simple and intuitive platform;
    • the possibility of reselling your share in the project to other clients;
    • affiliate program;
    • modern methods of investment;
    • ensuring confidentiality.


    How to exchange cryptocurrency on the platform?

    Since at the site. it is possible to exchange cryptocurrency for fiat currency, it is necessary to perform a few simple actions:

    • go to the "Bidding" tab;
    • find the form titled "Sell VTC" (or the name of another cryptocurrency);
    • specify the amount and value of the cryptocurrency.

    It is better to put a big price to buy coins. After filling out the form, you should click on the "Sell" button, after which an order is created to make a deal.

    How to exchange cryptocurrency on Simex platform


    Verification on the Simex platform

    Verification is a mandatory process on the exchange Without verification of personal data the user will not be able to perform any actions, namely depositing, trading, investing, withdrawal and many other possibilities. Moreover, verification increases the user's security level and allows to quickly restore access to the account in case of its loss. It is worth noting that the verification process itself is quite long and time-consuming. The user needs to confirm the email address, personal data, location and details.

    Verification of

    To start verification, you need to click on "Profile" and fill out the following data:

    • type of account;
    • first name, middle name, and last name;
    • phone;
    • email address;
    • citizenship;
    • date of birth;
    • the series and number of the document.

    You must also upload a scan or color photo of the document. The document has its own requirements:

    • must be valid;
    • there is a user loading an ID card, both sides must be loaded;
    • upload a scan or photo of the original;
    • high quality color image;
    • There should be no foreign objects or inscriptions on the photo.

    Creating a Simex account

    Next, you must confirm the address. To do this, click on "Address" and enter the following data:

    • country;
    • city;
    • zip code;
    • residential address.

    You must also upload scans or photos of documents - bills for rent or electricity. The following requirements apply to the documents:

    • contains the user name, address and date of issue;
    • not older than 3 months from the date of issue.

    It should be noted that the page of the passport with the registration is not accepted to confirm the address.

    How to verify a account

    The last thing to do is to specify the details. It is necessary to click on the appropriate button and fill in the information:

    • NAME;
    • settlement account;
    • BIC;
    • the name of the bank;
    • bank's country and address.

    Once the user has provided all the data, it will be verified and he can access full use of the platform. The verification process takes anywhere from a few days to a few weeks.


    Deposit and withdrawal

    After the client is verified, he can make deposits and withdrawals. In order to deposit money to your account, you should choose "Finance" - "Deposit" section in your profile. Then select the currency, which the client wants to deposit to the account and click on the "Deposit" button.

    The system automatically takes the trader to a page where a digital wallet will be generated for the selected currency. All that remains is to copy the wallet address and paste it into the "Recipient Address" field. After the transfer to the specified address, funds will be credited to the balance. You can replenish your account by using:

    Withdrawal of earnings

    To withdraw funds from the exchange, you need to click on "Withdraw from Account" in the "Finance" section and click on "Withdraw" opposite to the selected currency. Then the form for withdrawal of earnings opens in front of the client, which should be filled:

    • specify the number of coins;
    • insert the address of the wallet to which the transfer will be made;
    • press the corresponding button.

    Deposit and withdrawal are not tied to one method, so you can choose a convenient way. For the withdrawal of earnings several ways are provided:

    • Yandex.Money;
    • bank card;
    • bank account.

    Commission of the crypto exchange

    Compared to other cryptocurrency exchanges, the site does not have the lowest commissions. Thus, users are charged 0.1% commission for transactions, which is the same for both takers and makers.

    Simex Crypto Exchange Commission

    Deposit and withdrawal fees

    Depending on the selected method, fees are also charged for depositing in the exchange:

    • plastic cards - 2.1%;
    • Yandex.Money - 6%;
    • Tinkoff - 4%;
    • payment order - 0%;
    • Alpha Click - 3.5%;
    • Sberbank - 3.5%;
    • Unistream money transfers - 4%;
    • Euroset and Svyaznoy terminals - 3.5%.

    The following fees apply to withdrawal:

    • plastic cards - 2.9%;
    • Webmoney - 2.9%;
    • Yandex.Money - 3.3%;
    • Wire Transfer in dollars - 0% + $45.

    There are also commissions on the sale or purchase of project shares of 1%. If a user wants to add a project, he will have to pay a commission of 0.5% to 10%.


    Simex bonuses

    At the moment there are no bonuses and promotions for users. An affiliate program was developed for active clients, which allows traders to earn additional income. With the help of a referral link, the user can attract new clients to the project and receive remuneration for this. Partner's commissions are automatically credited to an affiliate account. A total of four types of rewards are provided:

    • for the deal;
    • from the initial purchase of the shares;
    • for the purchase of stock;
    • for paying for the event.


    Complaints about Simex

    Since the project has existed for three years, you can find a large number of reviews on the Internet from users. In general, the company has a mixed reputation. There are both positive and negative reviews. From the pluses, customers note the small first deposit, suitable conditions even for beginners, stable earnings. The disadvantages are that the site periodically hangs up, as well as some users had problems with the withdrawal of earnings.

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    Regulation of the crypto exchange

    The financial sphere is one of the most attractive for fraudsters. To avoid falling for an unscrupulous project, you should carefully check the license and the relevant documentation on the project's website. Let's consider in more detail how a company is regulated.

    Simex regulator

    On the site you can find the addresses of the main offices, as well as the corresponding licenses. Thus, SIMEX GROUP INC. has an office in Las Vegas and a license number NV20091389435. You can find all the necessary documentation for customers on the website.

    User Agreement

    The "License Agreement" is the main document that every user should read. The agreement contains the main rules of cooperation with the organization, as well as the responsibilities of the clients and organizers. Let's consider some points in more detail. The document states the information that the services are provided according to the "As is" principle and in accordance with the internationally accepted principle. The organizer is not responsible for the inability of the user to access the platform due to service updates, incompatibility with the clients' software products or inconsistency of the service results with the user's expectations.

    Terms of service

    The company declines responsibility for non-performance or improper performance of obligations under the agreement, direct or indirect losses to customers, including lost profits and possible damage resulting from the actions of third parties.

    Simex License Agreement

    In all circumstances, the organizer's liability is limited to an amount of 1,000 rubles.

    Simex Platform Rules

    Also described in detail are force majeure circumstances, as a result of which the parties shall not be liable for non-performance or improper performance of obligations under this agreement. Force majeure includes: natural disasters, acts of war, riots, fires, earthquakes, decisions and actions of public authorities or wrongful acts of third parties.

    About Simex Liability

    Simex Support

    You can contact the support service by one of the suggested options:


    Is Simex a scam?

    Simex - is a multifunctional online platform for exchanging digital assets and investing in ICO projects. The company appeared on the market in 2016 and managed to win the trust of a large number of users. The main office of the project is located in Las Vegas, from where the company is regulated. The exchange provides access to trade in the following cryptocurrencies: Bitcoin, Etherium, Revain and GoldMint (How to Make Money on Cryptocurrency?). Trading itself is done through a simple and intuitive platform. The functionality of the terminal has all the necessary tools for comfortable trading. For active clients who want to earn additional income, an affiliate program was developed. Thus, users can invite new participants to the project and receive compensation for this.

    The company has been on the market for more than 3 years, so you can find a considerable amount of feedback from customers on the Internet. In general, the project has a rather ambiguous reputation. There are both positive comments, in which customers are satisfied with the conditions provided by the exchange, and negative. After analyzing the opportunities that the project has implemented, is it possible to conclude that Simex is a scam and fraud? No, because the organization has been successfully providing its services to users around the world for more than three years.



    Simex - is a relatively young exchange, which provides not only the ability to trade cryptocurrency, but also to invest in various projects. During its existence, the service has managed to gain popularity among users around the world, as evidenced by the multilingual interface. The platform provides a comfortable environment for cooperation and provides a large selection of different tools for trading. However, trading itself is quite a risky process, so you should familiarize yourself with the appropriate documentation before starting cooperation. At the moment, the company looks good among its competitors, but it has a number of drawbacks. If you have cooperated with the exchange - leave your impressions about the service on our website.

    Exchange Commission
    Transaction speed
    Technical support


      Simex reviews

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    • 2.5
      Rate your review 0
      Exchange Commission
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      They are crooks and thieves - Kurilchik...

      They are crooks and thieves — Kurilchik is the screen behind which Ruben is hiding. They steal money from gullible suckers and get real estate.
      Simex is a digital MMM — Mavrodi’s followers who have been living off other people’s pockets for 10 years.
      They walk around on forums and seminars — they advertise
      No… Read more

    • 2.3
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      Exchange Commission
      Transaction speed
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      This company is in trouble: they do...

      This company is in trouble: they do not allow to withdraw their own funds from the fully verified account, technical support and all the accounts in social networks — are silent. On mails do not answer. Scam emigrant Oxeniuk Basil Ivanovich, the owner of this scam. You can not do business with him or… Read more

      • the one Petr 11 March 2020 in 21:21
        Rate your response 0

        Thanks for the heads up.

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