When was Simplex Trading founded?

Simplex Trading was founded in 2004.

What is Simplex Trading's PropDNA Trust Score?

Simplex Trading has a PropDNA Trust Score of 44/100, based on verified payout data, community reviews, and rule stability analysis. Scores above 70 indicate a reliable firm.

SPLX

EST. 2004AVOID

Simplex Trading Review

Independent analysis of Simplex Trading's challenge structure, payout speed, and trader outcomes. Trust score and ratings sourced from 1 verified trader reviews.

Last verified: May 5, 2026 · PropDNA editorial team

ⓘ Trust score improves as more PropDNA members leave reviews. This firm has strong external reputation — score will rise as community data grows.

OUR TAKE — SIMPLEX TRADING

✓Stable ruleset — no documented rule changes

TRUST SCORE

/100

How we score →

Score components

TRADER RATING17/25(Fair)

PAYOUT RELIABILITY6/22(Poor)

RULE STABILITY10/10(Good)

REVIEW VOLUME2/15(Poor)

PROPDNA VERIFIED0/10(Poor)

RULES QUALITY9/18(Fair)

VERIFIED BUYERS0/5(Poor)

HOW PROPDNA CALCULATES TRUST SCORE

PropDNA Trust Score is a 0–100 composite score measuring how reliable and trader-friendly a prop firm is. It is calculated from seven independently verified components — no single firm can inflate it artificially.

25ptTrader RatingBayesian-weighted star average from verified reviews, weighted by payout proof and membership status
22ptPayout ReliabilityDays to first payout: ≤4 days earns full marks; >21 days earns minimum
18ptRules Quality IndexAdmin-scored index of how trader-friendly the firm's ruleset is (−50 predatory to +50 generous)
15ptReview VolumeLogarithmic scale — more reviews raise the score, but flooding with reviews has diminishing returns
10ptPropDNA VerifiedManual badge awarded after independent verification by the PropDNA editorial team
10ptRule StabilityDeducts 3 pts per documented rule change — firms that change rules unpredictably score lower
5ptVerified BuyersAdditive bonus from PropDNA members who submitted verified proof of challenge purchase

✓Be the first to verify a purchase — it boosts this firm's score

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RATING

5.0 / 5

REVIEWS

PROFIT SPLIT

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MAX FUNDING

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MIN COST

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PAYOUT DAYS

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PASS RATE

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TRADING RULES

EVALUATION STEPS

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DRAWDOWN TYPE

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MAX DRAWDOWN

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DAILY DRAWDOWN

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PROFIT TARGET

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PAYOUT FREQUENCY

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WEEKEND HOLDING

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NEWS TRADING

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EA / BOTS ALLOWED

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FEE REFUND

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ADVANTAGES

+Founded in 2004, giving Simplex Trading over 20 years of operational history, suggesting longevity.
+US-based firm operating in a well-known financial jurisdiction.
+Long track record may indicate institutional-level stability compared to newer prop firms.
+No further data is available to substantiate additional pros at this time.

WATCH OUT FOR

−No key metrics such as profit split, drawdown, funding levels, or challenge cost are provided.
−Absence of platform and market data makes it impossible to assess trading conditions.
−Traders cannot compare Simplex Trading against industry averages without core financial data.

TRADER REVIEWS

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Risk warning: Proprietary trading challenges involve real financial risk. The majority of challenge participants do not pass and lose their entry fee. Past performance is not indicative of future results. This page is for informational and comparison purposes only and does not constitute financial or investment advice. Always read the firm's full terms and conditions before committing any funds. Full risk warning →