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TradeSimple

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://tradesimple.org/index.html

Website

Rating Index

Contact

support@tradesimple.org
https://tradesimple.org/index.html
71-75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Broker Information

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Company Name

Apollo MS Ltd

Company Abbreviation

TradeSimple

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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TradeSimple · Company Summary

Note: TradeSimple is to operate via the website - http://www.gpmfx.com/#, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No regulation
Market Instrument Forex, CFD and Cryptocurrency
Account Type Basic, Bronze, Silver, Gold, Platinum and Diamond
Demo Account N/A
Maximum Leverage 1:50
Spread N/A
Commission N/A
Trading Platform web
Minimum Deposit $250
Deposit & Withdrawal Method trdapps.com and wisenex.com

TradeSimple, a trading name of Apollo MS Ltd, is allegedly a forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:50 on the web-based trading platform via six different live account types.

As for regulation, it has been verified that TradeSimple currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.08/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

TradeSimple advertises that it offers access to a wide range of trading instruments in financial markets, including forex, CFD and cryptocurrency trading.

Account Types

TradeSimple claims to offer six types of trading accounts, namely Basic, Bronze, Silver, Gold and Platinum, with minimum initial deposit requirements of $250, $5,000, $10,000, $50,000 and $100,000, as well as a Diamond account with no specified information. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Leverage

The maximum leverage provided in TradeSimple is 1:50. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, TradeSimple gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Deposit & 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.

Customer Support

TradeSimple‘s customer support can be reached by email: support@tradesimple.org. Company address: 71-75, Shelton Street, London, Greater London, WC2H 9JQ, UNITED KINGDOM. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple account types offered • No regulation
• Website inaccessible
• High minimum deposit ($250)
• Only unknown payment methods supported

Frequently Asked Questions (FAQs)

Q 1: Is TradeSimple regulated?
A 1: No. It has been verified that TradeSimple currently has no valid regulation.
Q 2: Does TradeSimple offer the industry-standard MT4 & MT5?
A 2: No. Instead, TradeSimple offers a web-based trading platform.
Q 3: What is the minimum deposit for TradeSimple
A 3: The minimum initial deposit at TradeSimple to open an account is $250.
Q 4: Is TradeSimple a good broker for beginners?
A 4: No. TradeSimple is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit.

User Reviews

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3

Comments

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EK92965
more than one year
I have been trading there for 2 weeks and they instantly deleted my trading history and did not pay my money. I have the necessary proof and I am starting a legal process. They are the worst, STAY AWAY!!
2023-02-24 16:13
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FX1119282805
more than one year
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.
2022-12-09 15:57
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0
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rima1431
more than one year
This is a scam company. Pay attention, the reference number they put on their website is false. They were very kind when I invested and when I refused to invest more they became very rude, no response to my demands and they refused to authorize me withdraw my money. I lost all my investment. I was dealing with two persons : PAUL GIBBS and TOBEY TODD (I don't know if the names are real or false). BE CAREFUL !
2022-11-03 23:50
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0
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