Simplexprofit Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-13 16:00

Abstract：Simplexprofit was registered in the United States, and it offers trading services related to cryptos, indices, forex, energy, shares, options, and ETFs. The minimum deposit is $500, and the maximum leverage is 1:1000. However, it should be noted that this company is not regulated, and potential risks still exist.

　　Note: Simplexprofit's official website - https://simplexprofit.com is currently inaccessible normally.

Simplexprofit Review Summary
Founded	/
Registered Country/Region	United States
Regulation	No regulation
Market Instruments	Cryptos, Indices, Forex, Energies, Shares, Options, ETFs
Demo Account	/
Leverage	Up to 1:1000
Spread	From 0.0 pips
Trading Platform	/
Min Deposit	$500
Customer Support	Live chat, contact form
	Tel: +18583670495
	Email: support@simplexprofit.com
	Registered Address: 12 Kensington Gardens, Ferryhill, DL17 USA

　　Simplexprofit was registered in the United States, and it offers trading services related to cryptos, indices, forex, energy, shares, options, and ETFs. The minimum deposit is $500, and the maximum leverage is 1:1000. However, it should be noted that this company is not regulated, and potential risks still exist.

Pros and Cons

Pros	Cons
Diverse tradable assets	Inaccessible website
	Lack of regulation
	No MT4 or MT5
	High minimum deposit
	Limited payment options

Is Simplexprofit Legit?

　　No, it is not regulated by the financial services regulatory authority in the United States, which means that the company lacks regulation from its registration site. Please note the potential risks!

What Can I Trade on Simplexprofit?

　　Simplexprofit provides several types of products, including cryptos, indices, forex, energies, shares, options, and ETFs.

Tradable Instruments	Supported
Forex	✔
Energies	✔
Indices	✔
Shares	✔
Cryptos	✔
Options	✔
ETFs	✔
Bonds	❌

Leverage

　　When it comes to leverage, Simplexprofit permits traders to use leverage of up to 1:1000, which is significantly higher than the levels regarded appropriate by many regulators.

　　Leverage can amplify gains as well as losses, therefore, as a beginner, it's wise to keep your leverage at no more than 10:1. The safest option is a 1:1 ratio. One of the most typical mistakes made by novice forex traders is using a leverage ratio that is too high. Our advice is that you trade with a smaller ratio until you get more experience.