Trade Simple
We checked Trade Simple against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Trade Simple claims to be owned by Apollo MS Ltd, a company regulated in the United Kingdom with reference number: 13131574. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results to the company name or the reference number in FCA. The regulatory information this broker claim is a false statement for unsuspecting traders. The truth is, Trade Simple is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Trade Simple.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.