Simple500 Comments

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.

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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.

V account types
Simple500 account types

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 website
Simple500 website

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.

 

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| Other information about Simple500 |

 

Some more information in case you want to contact the company, or see its website for yourself.

Website: simpletrades.com

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.

 

What do you think of Simple500? What has been your experience?

 

 

 

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2 comments on «Simple500: Rating and Comments»

  1. information about the scam Reply

    I understand that they are part of a group of brokers, nexamarkets also stocks20.com, fgs markets and simpletrades.

    They publish job offers, this is the phone they use to recruit people +52 55 6256 2959 and [email protected] y [email protected] They do it under the name of active financial some of the things they offer “Salary $ 8,000 pesos (Mexican) per month + bonuses. - Work area Av. Paseo de la reforma. They posted offers a few days ago so I know these thieves are active.

    In the job offer they also put:

    - Telephone executive

    Also, linked names of apparently employees of this company:

    Daniela Clorio - Human Resources Coordinator at Active Finance - https://www.linkedin.com/in/daniela-clorio-10007510b/

    Elizabeth Acosta - Administrative and finance coordinator at Active Finance - https://www.linkedin.com/in/elizabeth-acosta-212690125/

    Surely someone can give us more information, but for those affected, they are supposedly in Mexico City, Av. Paseo de la Reforma area, although I have not been able to confirm this information.

    • Recommended brokers.com Post AuthorReply

      Hi, thanks for commenting on Simple500 (they are the same Simpletrades scammers). This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

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