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TradeSimple foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.tradesimple.org/register, about the company's legal and temporary regulatory information, the company's address 71-75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM.

TradeSimple Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Apollo MS Ltd
Abbreviation
TradeSimple
Company employee
--
Customer Service Email Address
support@tradesimple.org
Company address
71-75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note:TradeSimple's official website - https://tradesimple.org/ is currently inaccessible normally.TradeSimple Review SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, CFD, CryptocurrencyDemo Account/LeverageUp to 1:500SpreadFrom 1.3 pipsTrading PlatformWebMin Deposit$250Customer SupportEmail: support@tradesimple.orgAddress: 71-75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM TradeSimple registered in the United Kingdom and is not regulated. It offers six types of accounts, with a maximum leverage of 1:500 and spread from 1.3 pips via the a web-based platform. The minimum deposit is $250.Pros and ConsPros Cons Multiple account typesUnavailable websiteUnregulatedLimited tradable assetsNo MT4/5High minimum depositNo popular payment optionsOnly email supportIs TradeSimpleLegit? No, TradeSimple is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on TradeSimple?Tradable Instruments Supported Forex✔CFD✔Cryptocurrency✔Commodity❌Indice❌Stock❌Bond❌Option❌ETF❌Account TypeAccount TypeMin DepositBasic$250Bronze$5,000Silver$10,000Gold$50,000Platinum$100,000Diamond/Leverage TradeSimple offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.Trading PlatformTrading PlatformSupported Available Devices Suitable for Web platform✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal TradeSimple allows money to be deposited only through unknown payment processors such as trdapps.com and wisenex.com. The minimum initial deposit requirement is $250.

Rating Index

DIAMOND

Minimum Deposit
--

PLATINIUM

Minimum Deposit
$100000
How to login to TradeSimple?
Tradesimple Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Tradesimple Account Registering for a Tradesimple account is the first step to accessing the platform's trading features. Heres a detailed guide on how to c

  

Tradesimple Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  Tradesimple, officially known as Apollo MS Ltd, was established in 2022. The company claims to operate from its headquarters located at 71-75 Shelton Street, London, Greater London, WC2H 9JQ, United Kingdom. Tradesimple is a privately held entity, not publicly listed. It primarily serves retail clients interested in trading forex, CFDs, and cryptocurrencies.

  Since its inception, Tradesimple has positioned itself as a forex and CFD broker, targeting novice and experienced traders alike. However, the company has faced numerous allegations regarding its legitimacy and operational practices. Despite its claims of being a regulated entity, various regulatory bodies have flagged it as unlicensed, raising concerns about the safety of clients' funds.

  The business model of Tradesimple focuses on providing online trading services in the forex market, along with a limited range of other financial instruments. However, the lack of regulatory oversight casts doubt on the reliability of its services.

  

2. Regulatory and Compliance Information

  Tradesimple is currently unregulated, which poses significant risks to potential investors. The company does not hold any licenses from major regulatory authorities such as the Financial Conduct Authority (FCA) in the UK or the Ontario Securities Commission (OSC) in Canada. The absence of a valid regulatory license means that Tradesimple is not bound by the stringent requirements that govern licensed brokers, such as maintaining client funds in segregated accounts or participating in investor compensation schemes.

  Furthermore, the company has failed to provide any regulatory numbers or proof of compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This lack of transparency and adherence to legal standards raises red flags for potential investors.

  

3. Trading Products and Services

  Tradesimple offers a limited selection of trading products, primarily focusing on:

  • Forex: A range of currency pairs is available, but specific details on the number of pairs and major currencies offered are not disclosed.
  • CFDs: The broker claims to provide access to various CFDs, including indices, commodities, stocks, and cryptocurrencies. However, the absence of detailed product specifications makes it challenging to assess the full range of offerings.
  • Cryptocurrencies: Tradesimple allows trading in popular cryptocurrencies, but the specifics of these offerings are vague.

  The frequency of product updates and the introduction of new trading instruments remain unclear, as the broker does not provide transparent communication regarding its product offerings.

  

4. Trading Platform and Technology

  Tradesimple operates a web-based trading platform, which lacks the advanced features typically found in industry-standard platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The absence of these widely used platforms limits traders' access to essential trading tools and functionalities.

  There is no mention of mobile application support for iOS or Android, nor is there any information regarding API access or automated trading capabilities. The execution model employed by Tradesimple is also unspecified, which is critical for traders to understand how their orders will be processed.

  

5. Account Types and Trading Conditions

  Tradesimple offers several account types with varying minimum deposit requirements:

  • Basic Account: Minimum deposit of $250
  • Bronze Account: Minimum deposit of $5,000
  • Silver Account: Minimum deposit of $10,000
  • Gold Account: Minimum deposit of $50,000
  • Platinum Account: Minimum deposit of $100,000
  • Diamond Account: Details available upon contact with account managers

  The trading conditions, including spreads and commissions, are not clearly defined on the website. The leverage offered can go up to 1:500, which is significantly higher than what is typically allowed by regulated brokers, raising concerns about the potential risks involved.

  

6. Fund Management

  Tradesimple supports deposits through unspecified payment processors, including trd apps.com and wisenex.com. The minimum deposit requirement across all account types is $250, which is relatively high compared to many regulated brokers that allow deposits as low as $100.

  Withdrawal methods and their associated limitations are not adequately detailed, leading to uncertainty regarding the ease of accessing funds. The processing time for both deposits and withdrawals is also not specified, which is critical for traders to understand.

  

7. Customer Support and Educational Resources

  Customer support for Tradesimple is limited to email communication via support@trade-simple.org. There are no indications of live chat or telephone support, which can hinder effective communication. The service hours and language support are not clearly outlined, making it challenging for clients to receive timely assistance.

  In terms of educational resources, Tradesimple does not appear to offer comprehensive training materials, webinars, or market analysis services. This lack of educational support can be a significant drawback for novice traders seeking to improve their trading skills.

  

8. Regional Coverage and Restrictions

  Tradesimple claims to serve a broad market, primarily targeting clients in the United Kingdom, Sweden, Australia, and Canada. However, it does not accept clients from the United States or any individuals holding a U.S. passport. The broker's operation is primarily focused on regions where it has established a presence, despite the lack of regulatory approval.

  In summary, while Tradesimple presents itself as a forex and CFD broker, the absence of regulation, transparency in operations, and comprehensive support raises significant concerns about its legitimacy. Potential clients should exercise caution and conduct thorough research before engaging with Tradesimple broker.

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Latest Reviews

FX1119282805

FX1119282805

Philippines

I feel quite interested in this young broker, minimum deposit acceptable, surprisingly I on 1 trading trainer available, but my friend Mike, an experienced trader, says this broker is not unregulated, and then he recommends exness to me. Alright, I will have a try.

37130

2022-12-09

TradeSimple Forex Broker has an overall rating of 1.41, Regulatory Index 0.00, License Index 0.00, Business Index 6.22, Software Index 4.00 Risk Control Index 0.00.
TradeSimple