In this section We will analyze the Simple500 broker (also called simpletrades.com), is a Forex and CFD broker. Is Simple500 really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on Simple500. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Turbo Trading Ltd.
As to its location, the broker mentions being based in: Vanuatu.
If we analyze the regulation of the broker: they mention being a regulated broker, but do not provide information. We believe that it is an unregulated broker.
If now we go on to analyze account types offered by Simple500, we noticed that they offer 3 different types of account / plans: the Mini Account, the Standard Account and the Exclusive Account. We leave an image with a little information about each type of account.
Mini Account: minimum initial deposit of $ 5.000, support 24 hours, spreads from 2,3 pips, video tutorials, exclusive guides.
Standard Account- $ 25.000 minimum initial deposit, 24-hour support, spreads from 1,9 pips, video tutorials, exclusive guides, daily market reviews, dedicated personal account manager.
Exclusive Account- Minimum initial deposit of $ 100.000, 24-hour support, spreads from 0,0 pips, video tutorials, exclusive guides, daily market reviews, dedicated personal account manager, SMS signals and premium specialist.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Simple500 offers are: MT4 platform.
We will now analyze the different resources and aids for traders that Simple500 provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Simple500 provides the following help or resources to traders or interested parties: information on basic concepts about the world of investments, information on investment products that Simple500 offers, educational sections, some graphics, glossary, really not much more than this.
| Other information about Simple500 |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 442080897654
Email address: [email protected]
>>> Assessment on Simple500 <<
Ending with this section, in our opinion Do we think the Simple500 company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries, when looking for reviews about Simple500 We found a lot of negative reviews. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.