Review summary
SIMPOO International Corporation is a financial services entity based in Hong Kong and has been operational for an estimated 5 to 10 years. The WikiFX assessment assigns it a low overall score of 1.52, reflecting significant concerns. Public sentiment, gathered from user exposure reports, highlights severe issues regarding fund withdrawal restrictions, unexpected tax demands that cannot be deducted from account balances, and allegations of misleading sales practices. According to WikiFX data, SIMPOO operates without any verified financial regulatory oversight for forex trading. While it lists a purported association with an ASIC-licensed entity in Australia (ROYAL FINANCIAL TRADING PTY LTD), this license status is explicitly marked as 'Unverified' and does not authorize SIMPOO's own operations. Furthermore, its scope of business is officially flagged as 'Suspicious'. As this entity lacks credible regulatory authorization and presents multiple documented operational red flags, prospective users should exercise extreme caution and conduct thorough due diligence before engaging with its services. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-11)
FX2209763752
Hong Kong
It led me to depositing and zeroed my account.
Exposure
FX2209763752
Taiwan
https://www.ird.gov.hk/chi/cu.htm The above is the website of the Hong Kong Taxation Bureau of China. The platform could not be found on it. It did not take the tax from the principal. It was a scam.
Exposure
FX2209763752
Taiwan
It rejected withdrawal for no reason. I suffered great losses and could not afford mortgage. The house might be foreclosure.
Exposure
FX2209763752
Taiwan
They led me to deposit and scammed my money. When I withdrew, they asked for high taxes. They were scammer.
Exposure
FX2209763752
Taiwan
Someone taught me to deposit, which was a romance scam. It asked me to pay taxes before withdrawal. It was a scam.
Exposure
FX2209763752
Taiwan
Dear Mr. Wang Shengliang, Your withdrawal application has been accepted. The funds have been deducted from your trading account, and the relevant taxes have been declared for you. The following are the specific details: You applied for a withdrawal of 650,144.22 US dollars on August 7, 2021, of which the principal is 235,792.22 US dollars, the profit capital is 414,352 US dollars, and the tax payable is 414,352 *15% = 62152.8 US dollars. Please contact the customer service specialist in time to confirm and follow-up matters. After the tax payment has been paid, the tax bureau will issue a tax payment certificate, and then go to the bank to handle the payment business for you with the tax payment certificate. 1. For the convenience of overseas customers, we can provide payment services. Customers who apply for agency services within 10 working days after receiving this message will be exempt from agency service fees, and those who apply for agency services more than 10 working days will be charged a service fee of 3,000 HKD. 2. Taxes need to be paid separately, and the funds in the trading account cannot be withheld and paid. 3. Once the tax has been declared, it cannot be cancelled or modified, otherwise it may be judged to be suspected of tax evasion. 4. Therefore, this withdrawal involves tax payment, and the customer needs to complete this withdrawal before proceeding to the next withdrawal application. 5. Please complete the tax declaration within 30 days. If the deadline is overdue, a late payment fee of 0.01% will be incurred every day. I could not afford the tax and would lose all my investment.
Exposure