Intro
SimpleTRADES is an online trading brand specialized in providing access to CFDs based on forex, stocks, indices, bonds, cryptocurrencies and commodities. Although it is operating internationally, people need to be aware that it does not accept clients from the European Union and the United States of America. It operates for traders that don’t want to stumble into tight regulation seen in the Western World, unlocking the full potential of the financial industry.
Its main goals are to provide guaranteed security for both personal information and funds, innovative technology, absolute fairness, and exceptional customer service. Given there are several important aspects to note about this broker, we would like to provide this updated SimpleTRADES review, so each of you wanting to open an account will be able to make informed decisions.
Trading Software
The SimpleTRADES trading infrastructure relies on MetaTrader 4, a reputable and trusted software that for more than a decade had been appreciated by traders around the world. Using MT4, clients can get access to instant trade execution, a choice of interactive charts and technical indicators, multiple order types, multi-currency and multi-language capabilities, and fully customizable, automated Expert Advisors.
To be able to trade from any device, SimpleTRADES is enabling access to multiple MT4 versions, including web-based, desktop, and mobile apps for both Android and iOS devices. In doing so, the company ensures clients have access to the markets 24/5 from any location. This is very useful when monitoring existing positions or trying to get the enter at the optimal price.
SimpleTRADES brings to the mobile environment all the trading features required to trade optimally, including immediate execution on multiple order types, real-time, accurate market quotes, and comprehensive account management at a click.
Trading Features
With SimpleTRADES traders can trade tens of different major, minor and exotic currency pairs, with 1:200 leverage, fixed spreads, and 0.01 minimum trade size. When it comes to stocks CFDs, the maximum leverage is 1:10, while the spread is floating. It is also possible to invest in all popular stock market indices as well as the dollar index and the VIX, using up to 1:100 leverage and fixed spreads. Lastly, the broker has support for a wide range of commodities (precious metals, agricultural, industrial, etc.) providing flexible trading conditions.
Aside from the diversity of instruments, clients choosing to trade with SimpleTRADES can choose between three different account types:
- Mini
- Standard
- Exclusive
There are different features available for each, as well as a minimum deposit requirement. Some of the most important benefits are daily market analysis, personal dedicated account manager, and premium specialist care. At the same time, spreads will be different for each account type, since SimpleTRADES wants to awards customers able to make larger deposits.
In terms of payment methods, SimpleTRADES accepts credit/debit cards, bank transfers, wire transfers, and WebMoney. Traders will need to verify their account to be able to make withdrawals. The broker will process withdrawal requests in 6 days after receiving them.
Helpful Resources
To support beginning traders in their learning process, SimpleTRADES enables access to several different helpful resources. Mini account holders will get access to educational content that will show them how to use the platform and teach them some of the basics of trading.
Standard account holders get some additional resources, on top of the ones previously mentioned. They will benefit from daily market analysis and a personal dedicated account manager that can solve technical or trading-related problems.
Exclusive account holders will get to benefit from the full pack of educational resources since they will have access to premium specialist care, as well as to all of the other features.
Summary
SimpleTRADES is an online trading brand providing access to multiple trading functionalities. Its offer includes a reliable platform (MT4) adapted for any type of device, multiple account types, hundreds of different trading instruments, and educational resources for people wanting to learn the basics of trading.
The company wants to address traders from all over the world (except the restricted jurisdictions), looking to create a new link between the retail traders and the global financial markets. We did not manage to find any reason to suggest that SimpleTRADES might be a scam broker. Feel free to check the broker’s website to find more details about its services and what are the benefits of trading with SimpleTRADES.
SimpleTRADES Review
Product Name: simpletrades
Product Description: SimpleTRADES is an online trading brand specialized in providing access to CFDs based on forex, stocks, indices, bonds, cryptocurrencies and commodities.
Brand: SimpleTrades
Offer price: 100$
Currency: USD / EUR
Offer URL: https://simpletrades.com/
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Trading Platform
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Languages
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Spread
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Support
Summary
SimpleTRADES is an online trading brand specialized in providing access to CFDs based on forex, stocks, indices, bonds, cryptocurrencies and commodities.
Pros
- Hundreds of different CFDs to choose from, including FX, stocks, indices, and commodities, bonds, and cryptocurrencies.
- Multiple versions of the trusted and reliable MetaTrader 4 platform (desktop, web, and mobile).
- Flexible trading conditions (leverage, spreads, and minimum orders).
Cons
- Residents from the European Union and the United States of America can’t open an account with SimpleTRADES.
- No support for other trading instruments like ETFs.
- No customer support available via live chat; only email and phone.
