Simple and Smart Trades

Note: Simple and Smart Tradess official site - https://www.ffsst.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

What is Simple and Smart Trades？

Simple and Smart Trades, whose full name is Simple and Smart Trades Investment Services Ltd, is a Cypriot investment firm authorized. It claims that it is striving to provide its clients with the best tools, services, infrastructure and excellent customer support.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros of Simple and Smart Trades:

• Phone and email support: They provide customer support through phone and email, allowing clients to seek assistance and resolve any issues they may encounter.

• Range of services: Simple and Smart Trades offers a variety of investment and ancillary services, catering to different financial needs and preferences.

Cons of Simple and Smart Trades:

• Unavailable website: The fact that their website is currently inaccessible raises concerns about the transparency and reliability of the platform.

• Revoked regulation: Simple and Smart Trades had its regulatory status from Cyprus CYSEC revoked. This lack of valid regulation indicates a potential lack of oversight and accountability for their operations.

• No demo accounts: Not offering demo accounts deprives potential clients of the opportunity to familiarize themselves with the platform and its features before committing real funds.

Is Simple and Smart Trades Safe or Scam？

Cyprus CYSEC (license number: 080/07) The regulatory status is abnormal and the official regulatory status is revoked. Simple and Smart Trades currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.

Besides, the official website of Simple and Smart Trades is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with Simple and Smart Trades, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Services

Simple and Smart Trades, as stated on their website, provides a range of investment services and ancillary services to clients. The investment services offered encompass four distinct areas: portfolio management, investment advice, reception and transmission of orders for one or more financial instruments, and execution of orders on behalf of clients.

On the other hand, the ancillary services provided by Simple and Smart Trades also consist of four components: safekeeping and administration of financial instruments, foreign exchange services, provision of credit or loans for one or more financial instruments, and advisory services to businesses on matters concerning capital structure, industrial strategy, and related considerations.

User Exposure on WikiFX

On our website, you can see reports of scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +357 22275730

Email: info@ffsst.com

Conclusion

In conclusion, Simple and Smart Trades, a broker claiming to offer investment and ancillary services, has an abnormal regulatory status. Simple and Smart Trades currently operates without a valid regulation, indicating a lack of oversight from government or financial authorities.

Additionally, the inaccessibility of its official website suggests potential misconduct or the platform's disappearance. Reports of scams associated with Simple and Smart Trades further highlight the risks involved in engaging with this broker.

It is strongly advised to approach Simple and Smart Trades with caution, perform thorough due diligence, and consider alternative options with secure regulatory frameworks for investment purposes.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.