SimpleTRADES Review

SimpleTRADES

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Details

Broker	SimpleTRADES
Website URL	https://simpletrades.com/
Founded	2018
Support Number	+442033000000
Support Types	Email, Phone
Languages	English, Espaniol
Trading Platform	MetaTrader 4, Web Trader, Tablet Trader, Mobile Trader
Minimum 1st Deposit	$5,000
Minimum Account Size	$0
Bonus	No bonus
Leverage	Up to 1:200
Spread	Fixed/Variable
Free Demo Account
Account Types	Mini , Standard , Exclusive
Deposit Methods	Credit card , Fast bank transfer , WebMoney , Wire transfer
Withdrawal Methods	Credit card , Fast bank transfer , WebMoney , Wire transfer
Number of Assets	500+
Types of Assets	Forex, Stocks, Indices, Commodities
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	95

Pros

• A variety of CFDs based on forex, stocks, indices, and commodities
• Support for multiple versions of MT4, one of the most popular trading platform
• Multiple educational resources for traders wanting to learn how to trade.

Cons

• A high initial deposit required even for the most basic trading account.
• No license or authorization for any major financial regulator.
• Limited features for mini account holders.

SimpleTRADES is an online CFD provider, specializing in services related to forex, stocks, indices, and commodities. The brand operates globally and is dedicated to the creation of secure and transparent trading space. Currently, it relies on a team of online finance experts to make markets accessible for people all around the world, without any restrictions. With absolute fairness, innovative technology, regulatory compliance, and guaranteed security, SimpleTRADES wants to make sure people can invest with complete peace of mind. Let’s examine together some of the most important trading tools and then it will be up to do to decide whether SimpleTRADES is the right broker to work with.

Trading Platforms

The most significant part of the trading environment is represented by the trading software. Currently, SimpleTRADES provides support for multiple versions of the popular MetaTrader 4:

• Desktop MT4
• Web Trader
• Tablet Trader
• Mobile Trader.

Each of the four versions come with the unique trading capabilities of MetaTrader 4, a platform that continues to be very popular among retail traders. It ensures a highly secure and trustworthy trading environment, a wealth of indicators as well as next-generation charting tools, essential risk management features, multi-currency and multi-language capability, and fully customizable, automated Expert Advisors.

What’s important to note here is that SimpleTRADES provides access to four different versions of the trading platform, covering any type of device. This ensures clients will be able to access their trading account and monitor trades, even when they’re not at their trading desk. A good development would be if the broker will think about offering support for MT5, a newer and improved trading platform by MetaQuotes. That’s something to be done in the future.

Via MT4, SimpleTRADES clients will be able to trade CFDs based on forex, stocks, indices, and commodities, benefiting from advanced charting, expert advisors, and a comprehensive set of technical analysis tools well-known by retail traders. MT4 is still a trusted trading interface, able to meet the demands of challenging markets and high volatility.

Regulation

When it comes to regulation, SimpleTRADES has a strong Privacy Policy in play, ensuring transparency regarding the client’s data it collects. At the same time, it has an Anti Money Laundering Policy, which requires all clients to pass a verification process, to be able to make withdrawals. The broker also wants to understand the nature of the client activity (check legality of the client money) and assess money laundering risks associated with that client. In terms of licenses or registration with big financial regulators, SimpleTRADES does not provide any information on that matter.

Account Types

At present, there are three SimpleTRADES account types available for customers wanting to work with this broker. A mini account will provide access to MT4, Web Trader, Mobile and Tablet Trading, 24-hour live customer services, spreads from 2.3 pips, video tutorial library, and exclusive guides. For opening a standard account, clients will get access to daily market analysis and personal dedicated account manager, on top of the features previously mentioned. Also, the spreads are lower.

Lastly, an exclusive account carries the most features but requires the highest deposit. Clients holding it will get SMS signals and premium specialist care. It’s important to note SimpleTRADES provides various deposit methods, including credit card, fast bank transfer, WebMoney, and wire transfer.

Promotions

According to the terms and conditions available on its official website, SimpleTRADES does not conduct any promotion or bonus policy at the time of writing. It is possible, though, that the broker could offer trade compensations based on a series of rules.

Educational Material

Another strength of SimpleTRADES has to do with a wide range of educational resources clients can benefit from. The broker provides access to exclusive guides, video tutorial library, daily market analysis, SMS signals, personal dedicated account manager, and premium specialist care. All of the above combined form a proper set of educational resources that can help any client (beginner or experienced) to enhance its trading skills. It’s good to see educational is also part of the SimpleTRADES list of values and the company continuing to add new resources constantly.

Conclusion

Based on our assessment, SimpleTRADES provides access to a wide range of trading capabilities, that include a powerful trading platform, multiple trading instruments, as well as other trading features designed to improve the user’s experience. SimpleTRADES can be an option for traders around the world, looking to unleash their trading potential.