Simplexprofit -Some important Details about This Broker

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

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

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.

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.

Deposit and Withdrawal

The minimum deposit is 500 USD. Simplexprofit only allows its clients to make a deposit and withdrawal through Bitcoin and Ethereum.