Report a chargeback against WealthSimple if you are scammed by WealthSimple

If you’ve fallen victim to the WealthSimple scam broker, don’t hesitate to file a complaint. Read this WealthSimple review take action and recover your lost funds with our assistance.

Although there are many reliable brokers available, there are also fraudulent brokers that traders must steer clear of to safeguard their trading funds. It’s crucial to avoid scams since even the most effective trading strategies and knowledge can result in the loss of all your earnings overnight with a fraudulent broker. If you’re a victim of a WealthSimple broker and don’t know how to recover your funds, Enverra Capital team is here to help you.

WealthSimple, a Canadian-based financial services platform, offers accessible investing solutions using low-cost index funds and advanced technology for optimal returns and tax efficiency. It’s favored by investors aiming for long-term financial security, particularly beginners, due to its user-friendly interface. However, despite its popularity, WealthSimple has faced criticism on forums regarding its success and legitimacy. Potential investors are cautioned about potential issues with customer service or withdrawals. While it may suit those preferring a hands-off portfolio strategy, individuals seeking highly customizable portfolios should explore other options cautiously before investing with WealthSimple.

WealthSimple Website –

Address – Canada, USA 

Warning – Not Recommended By Review Website Like Enverra Capital

Domain Age – 

Registry Domain ID: 540549272_DOMAIN_COM-VRSN
Registrar WHOIS Server:
Registrar URL:
Updated Date: 2023-08-01T13:37:10Z
Creation Date: 2006-08-03T02:10:56Z
Registry Expiry Date: 2024-08-03T02:10:56Z

WealthSimple Withdrawal Issues

Unfortunately, many users have reported issues when they try to withdraw money from their EC1 accounts. These problems range from long wait times for the withdrawal to be processed and not being able to process the withdrawal at all. Scam brokers often leave customers with unresolved withdrawal issues. These disputes can arise from the broker withholding funds, making up excuses for not paying out, or simply refusing to process withdrawals. 

In the worst cases, customers don’t even receive a response when they request a withdrawal. Customers feel powerless and unable to obtain their lawfully deserved funds under such circumstances. Some analysts also suggest that scam brokers charge hidden fees which become apparent only after deposits are made but before withdrawals are requested. This increases the difficulty of resolving withdrawal disputes and makes it more difficult for people to get their money back.

WealthSimple Negative Reviews And Complaints

WealthSimple has gained notoriety among customers for its poor customer service and lack of quality control. Scam brokers tend to have an abundance of negative reviews and complaints across the internet. They may offer unrealistic returns, fail to make promised payments, have poor customer service, or even be unlicensed or operating illegally. Any investor needs to conduct due diligence before investing to ensure they are dealing with a legitimate broker. Researching online WealthSimple reviews can help investors avoid becoming a victim of WealthSimple fraud.

Other possible reason generally common in all scam brokers

Unregulated brokers provide trading services to traders is one of the biggest issues related to the genuineness of a broker. Unlike regulated brokers, they not have any strict regulations in place regarding how trades are conducted. Unregulated brokers frequently try to take advantage of unwary investors by employing scam techniques. Scam brokers may engage in unauthorized trading on investor accounts, charging exorbitant fees or manipulating prices. Investors need to be aware of these practices when dealing with unregulated brokers, and to always do their due diligence before investing in any type of trade with them.

WealthSimple Review Summary

WealthSimple is not considered a reliable and trustworthy brokerage firm due to numerous reports of its fraudulent activities, negative reviews, insufficient information on the website, and many other factors. Potential traders are advised to avoid this company and look elsewhere for their trading needs, as the risks may be potentially too great to justify investing with EC1. Furthermore, there have been reports of widespread customer dissatisfaction regarding EC1’s customer service and platform reliability, further adding to the reasons why this brokerage should be avoided.

Are you a victim of WealthSimple scam broker? Get help and a Free Consultation for Recovering lost funds.

If you are a victim of a scam broker like WealthSimple, you may feel helpless and frustrated. However, there are steps you can take to report the scam and get assistance to recover your lost funds. Here are some things you can do:

  • File a complaint report against EC1. This can help to bring attention to the scam and potentially prevent others from falling victim to it in the future.
  • Contact us. We can work with you to navigate the complex process of recovering your lost funds and help you get your money back.
  • Stay vigilant and do your research before investing with any broker in the future. Look for reviews and ratings from other investors, and be wary of any broker that promises unrealistic returns or seems too good to be true.

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