Simplexprofit -Some important Details about This Broker

General Information

Registered in the United States, Simplexprofit is an online forex broker offering a series of trading instruments, including currency pairs, commodities, index, stocks. The minimum deposit to trade with Simplexprofit is $500, and the maximum trading leverage offered by this forex broker is 1:1000, absurdly high.

Please be note that Simplexprofit is authorized or regulated by any regulatory authorities. Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money.

Market Instruments

Simplexprofit offers its clients access to various trading instruments, including Cryptos, Indices, Forex, Energies, Shares, Options, 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.

Spreads

Simplexprofit says it offers extremely competitive spreads, as low as 0.0 pips,

Payment Methods

The minimum deposit is 500 USD, and the maximum deposit is not limited. Simplexprofit only allows its clients to make a deposit and withdrawal through Bitcoin and Ethereum.

Bear in mind that scammers prefer cryptocurrencies because these transactions are not subject to refunds. Legit forex brokers typically work with a series of payment processors, such as Credit Cards, PayPal, Skrill, Neteller, and more.

Customer Support

Traders can reach out to Simplexprofit about any questions or concerns they may have about their accounts or their trading through the following methods:

Online Communication

Telephone: +18583670495

Email: support@emdforex.com

A Contact Form

Registered Company Address: 12 Kensington Gardens, Ferryhill, DL17 USA

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.